Home            Contact us            FAQs
    
      Journal Home      |      Aim & Scope     |     Author(s) Information      |      Editorial Board      |      MSP Download Statistics

     Current Research Journal of Economic Theory


Technical and Economic Efficiency of Palm Oil Marketing in the Niger Delta Region of Southern Nigeria

Nkasiobi Silas Oguzor
Department of Agricultural Education, Federal College of Education (Technical), Omoku-Rivers State, Nigeria
Current Research Journal of Economic Theory  2013  3:38-43
http://dx.doi.org/10.19026/crjet.5.5523  |  © The Author(s) 2013
Received: Dec 08, 2010  |  Accepted: May 18, 2011  |  Published: September 20, 2013

Abstract

This study examined the structural performance and productive efficiency of palm oil marketing in some selected States in Southern Nigeria. Eighty districts were selected in the Niger Delta Area and data were collected from 1000 palm oil sellers randomly selected in these towns. The tools of analysis were marketing margin, Lorenz curve and Gini coefficient to measure the structural performance while the productive efficiency was measured with the use of the production function analysis using the OLS multiple regression analysis to estimate the parameters of the production function equations. All these phenomena portend a high poor structural performance in the system. The productive efficiency measurement showed that palm oil marketing was in stage one of the production surface in the area and this implies inefficient allocation and utilization of resources. Therefore palm oil marketing in the study is though profitable was grossly inefficient from the view point of market structure and productive efficiency analysis.

Keywords:

Efficiency, marketing, Nigeria, palm oil,


References


Competing interests

The authors have no competing interests.

Open Access Policy

This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

Copyright

The authors have no competing interests.

ISSN (Online):  2042-485X
ISSN (Print):   2042-4841
Submit Manuscript
   Information
   Sales & Services
Home   |  Contact us   |  About us   |  Privacy Policy
Copyright © 2024. MAXWELL Scientific Publication Corp., All rights reserved