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2024 | OriginalPaper | Chapter

Technical Efficiency of Agricultural Production in the North East of Thailand: An Empirical Study with a Stochastic Frontier Analysis

Authors : Teerawut Teetranont, Kittawit Autchariyapanitkul

Published in: Applications of Optimal Transport to Economics and Related Topics

Publisher: Springer Nature Switzerland

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Abstract

This research paper utilized a conventional stochastic frontier approach, employing maximum likelihood estimation, to investigate empirical production data pertaining to agricultural products, namely tobacco, rice, and chilli. The application of this rigorous methodology focused on analyzing agricultural production data gathered from Wiengkuk Subdistrict in Muang Nong Khai, Thailand. The outcomes of this study yielded significant findings, unveiling a striking reality: a mere average of \(60\%\) of the agricultural products under scrutiny were effectively produced. These findings serve as a testament to the pivotal role played by government policies, specifically agricultural promotion, in shaping the overall quantity of agricultural output.

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previous chapter The Empirical Analysis of the Effects of Sudden GDP and Commodity Price Changes on Inflation Using Markov-Switching Model: Insights from Six Southeast Asian Countries

next chapter Determinants of Fertility Intention and Behavior Under Economic, Health and Policy Constraints in China

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Title: Technical Efficiency of Agricultural Production in the North East of Thailand: An Empirical Study with a Stochastic Frontier Analysis
Authors: Teerawut Teetranont
Kittawit Autchariyapanitkul
Publisher: Springer Nature Switzerland
Book: Applications of Optimal Transport to Economics and Related Topics
Print ISBN: 978-3-031-67769-4

Electronic ISBN: 978-3-031-67770-0

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-3-031-67770-0_26

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