PRODUCTION RESPONSE TO PRICES IN THE COCONUT INDUSTRY OF PAPUA NEW GUINEA: A COMMENT ON THE METHODOLOGY AND A RE ESTIMATION
Keywords:
COCONUT INDUSTRY, METHODOLOGY
Abstract
Analytical studies on the supply response of growers in the major crop sectors in Papua New Guinea (PNG) are scarce. For this reason, De Silva, Kiele and Lagap (DKL, 1987) must be congratulated for their pioneering attempt at analysing the production response to changes in prices in the coconut sector of the country. However, in their analysis there are several short‑comings of a methodological and empirical nature. The purpose of this note is to highlight these shortcomings and offer altemative estimations and interpretations about the nature of production response to price changes in the coconut sector.
References
De Silva, N.T.M.H., Kiele, LJ., and Lagap, A.F. (1987) "Production Response to Prices in the Coconut Industry of Papua New Guinea", CORD, Vol. III No. 2, July 1987, pp. 2 20.
Nerlove, M. (1958). The Dynamics of Supply: Estimation of Farmers'Response to Price. John Hopkins Press, Baltimore.
Tomek. W.G., and Robinson, K L (1982). Agricultural Product Prices. Cornell University Press, Ithaca.
Nerlove, M. (1958). The Dynamics of Supply: Estimation of Farmers'Response to Price. John Hopkins Press, Baltimore.
Tomek. W.G., and Robinson, K L (1982). Agricultural Product Prices. Cornell University Press, Ithaca.
Published
1988-12-01
How to Cite
Premasiri J. Gunawardana. (1988). PRODUCTION RESPONSE TO PRICES IN THE COCONUT INDUSTRY OF PAPUA NEW GUINEA: A COMMENT ON THE METHODOLOGY AND A RE ESTIMATION. CORD, 4(01), 34. https://doi.org/10.37833/cord.v4i01.210
Section
Articles
