Pond aquaculture performance over time: A perspective of small-scale extensive pond farming in Bangladesh
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Pond aquaculture performance over time : A perspective of small-scale extensive pond farming in Bangladesh. / Rahman, Md Takibur; Nielsen, Rasmus; Khan, Md Akhtaruzzaman.
In: Aquaculture Economics and Management, Vol. 26, No. 2, 2022, p. 192-214.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Pond aquaculture performance over time
T2 - A perspective of small-scale extensive pond farming in Bangladesh
AU - Rahman, Md Takibur
AU - Nielsen, Rasmus
AU - Khan, Md Akhtaruzzaman
N1 - Publisher Copyright: © 2021 Taylor & Francis Group, LLC.
PY - 2022
Y1 - 2022
N2 - The continuous growth of the aquaculture sector has motivated numerous empirical studies investigating farm productivity and technical performance over time. However, empirical works focusing on low-value species in developing countries are scarcer due to the lack of data. This paper investigates the sources of productivity changes over time using a meta-frontier Malmquist productivity index. The dataset contains 2,100 observations in an unbalanced panel data set for pangas and tilapia in Bangladesh. The results indicate that the overall productivity index and its components increase over time but at a decreasing rate. The technology change effect has the largest impact, followed by technical efficiency change. The scale effects are less than one, indicating that farms are scale inefficient. Nevertheless, the convergence toward the technology frontier seems to level off due to a declining ability to minimize the efficiency change and technological change gaps over time. The results also show a larger disparity among the farms in recent years, lowering the mean technical efficiency, with a few farms driving the frontier outward and the average farms lagging.
AB - The continuous growth of the aquaculture sector has motivated numerous empirical studies investigating farm productivity and technical performance over time. However, empirical works focusing on low-value species in developing countries are scarcer due to the lack of data. This paper investigates the sources of productivity changes over time using a meta-frontier Malmquist productivity index. The dataset contains 2,100 observations in an unbalanced panel data set for pangas and tilapia in Bangladesh. The results indicate that the overall productivity index and its components increase over time but at a decreasing rate. The technology change effect has the largest impact, followed by technical efficiency change. The scale effects are less than one, indicating that farms are scale inefficient. Nevertheless, the convergence toward the technology frontier seems to level off due to a declining ability to minimize the efficiency change and technological change gaps over time. The results also show a larger disparity among the farms in recent years, lowering the mean technical efficiency, with a few farms driving the frontier outward and the average farms lagging.
KW - C43
KW - D24
KW - Data Envelopment Analysis (DEA)
KW - efficiency change
KW - Malmquist index
KW - meta-frontier
KW - O33
KW - O47
KW - Q10
KW - Q22
KW - unbalanced panel data
U2 - 10.1080/13657305.2021.1979122
DO - 10.1080/13657305.2021.1979122
M3 - Journal article
AN - SCOPUS:85115127339
VL - 26
SP - 192
EP - 214
JO - Aquaculture, Economics and Management
JF - Aquaculture, Economics and Management
SN - 1365-7305
IS - 2
ER -
ID: 281980909