Economic Analysis on the Factor Substitution in Taiwan Banana Industry
Date Issued
2008
Date
2008
Author(s)
Huang, Chang-Min
Abstract
The banana industry had earned a large amount of foreign currency in early economic take-off era of Taiwan, however, after there was the transition from an agricultural society into an industrial society in Taiwan, the increase by a wide margin of the salary cost impelled the production cost of the banana industry to remain high all the time. In recent years, the whole competitiveness of Taiwan banana industry is tested. Under the challenge of globalization competition, how to reduce the production cost to raise the economic efficiency of factor inputs in Taiwan banana industry is really a very urgent topic.This research will treat of economic problems and challenges in production practice of Taiwan banana industry to analyze the technological efficiency, the price efficiency, relative technological efficiency, relative price efficiency and relative economic efficiency of the factor substitution in the process of producing the banana in Taiwan. Through adjusting resource distribution, we will improve the economic efficiency in Taiwan banana industry to increase benefit.The results of empirical study show that relative economic efficiency of labor is highest and relative economic efficiency of material is lowest. According to each production factor input of Taiwan banana industry, relative economic efficiency height arrange is in turn labor, fertilizer, mechanic, chemical, land, implement and material. For promoting the whole competitive ability of Taiwan banana industry in the future, we have to effectively enhance the production economic efficiency by the large-scale commercialized management and the mechanized farming.
Subjects
Banana
Economic efficiency
Translog cost function
Allen’s partial elasticity
Crosstabs analysis
Production factor substitution
SDGs
Type
thesis
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