Research Article | OPEN ACCESS
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
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,
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.
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ISSN (Online): 2042-485X
ISSN (Print): 2042-4841 |
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