Price supply response of vegetable growers in the Sultanate of Oman

Abdallah Omezzine; Omar S. Al-Jabri

doi:10.1016/S0169-5150(98)00035-8

Price supply response of vegetable growers in the Sultanate of Oman

Abdallah Omezzine^*, Omar S. Al-Jabri

^*Corresponding author for this work

Natural Resource Economics

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

Information on supply price elasticities has been acknowledged as being very important for decision makers at the macro and micro levels. This paper presents an empirical investigation of vegetable growers' responses to prices in Oman. It develops a single supply response function incorporating adaptive expectation model for prices. Results indicate that growers adjust relatively fast to changes in expected prices. However, these adjustments are rather low for some crop in the short- and long-run. Growers' production decisions have also shown a significant response to prices of other products competing for farm space and other production resources. These results will support efforts aimed at market development and crop enhancement programs.

Original language	English
Pages (from-to)	349-358
Number of pages	10
Journal	Agricultural Economics
Volume	19
Issue number	3
DOIs	https://doi.org/10.1016/S0169-5150(98)00035-8
Publication status	Published - Dec 1 1998

Keywords

Adoptive expectation
Response
Sultanate of Oman
Supply
Vegetables

ASJC Scopus subject areas

Agronomy and Crop Science
Economics and Econometrics

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abstract = "Information on supply price elasticities has been acknowledged as being very important for decision makers at the macro and micro levels. This paper presents an empirical investigation of vegetable growers' responses to prices in Oman. It develops a single supply response function incorporating adaptive expectation model for prices. Results indicate that growers adjust relatively fast to changes in expected prices. However, these adjustments are rather low for some crop in the short- and long-run. Growers' production decisions have also shown a significant response to prices of other products competing for farm space and other production resources. These results will support efforts aimed at market development and crop enhancement programs.",

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N2 - Information on supply price elasticities has been acknowledged as being very important for decision makers at the macro and micro levels. This paper presents an empirical investigation of vegetable growers' responses to prices in Oman. It develops a single supply response function incorporating adaptive expectation model for prices. Results indicate that growers adjust relatively fast to changes in expected prices. However, these adjustments are rather low for some crop in the short- and long-run. Growers' production decisions have also shown a significant response to prices of other products competing for farm space and other production resources. These results will support efforts aimed at market development and crop enhancement programs.

AB - Information on supply price elasticities has been acknowledged as being very important for decision makers at the macro and micro levels. This paper presents an empirical investigation of vegetable growers' responses to prices in Oman. It develops a single supply response function incorporating adaptive expectation model for prices. Results indicate that growers adjust relatively fast to changes in expected prices. However, these adjustments are rather low for some crop in the short- and long-run. Growers' production decisions have also shown a significant response to prices of other products competing for farm space and other production resources. These results will support efforts aimed at market development and crop enhancement programs.

KW - Adoptive expectation

KW - Response

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KW - Supply

KW - Vegetables

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Price supply response of vegetable growers in the Sultanate of Oman

Abstract

Keywords

ASJC Scopus subject areas

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