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159423

Estimating The Demand Functions and Pricing of The Economic Resources Used in Rice Production of The Republic of Egypt

Article

Last updated: 01 Jan 2025

Subjects

-

Tags

Agricultural economics

Abstract

This study aimed to estimate the demand functions and the cost of economic resources used in the production of rice in the different provinces, based on the estimated production function and deriving the functions of product margin and the yield threshold of the economic resources, and then calculate the value of the yield threshold of the resources, which will equated with marginal costs (the unit price from the supplier) at a point of achieving economic efficiency. This study resulted in a group of important points that include: 1- The average unit cost of water resources used in the production of rice reached 97.6 pounds / thousand m 3, while the average unit cost of human labor (wage) was 40.3 pounds / man / day, and the average cost of the machine work (hourly wage) has reached 88.6 pounds / hour, and finally the average unit cost of chemical fertilizers (unit price) 4947.0 pounds / ton. 2- The increase in the unit cost of water resources, the human labor, theĀ  automated work, and chemical fertilizers by 10% leads to a decrease in the quantities used from those resources in the various provinces by rates reaching 12.0%, 14.9%, 14.1%, 12.8%, respectively. 3- It is expected in light of the stability of the resources required for the rice crop on one hand and the increase of their prices by 50% on the other hand, a decrease in area planted by rice crop in the different provinces amounts to 38.7%. 4- This study recommends the necessity of including the water resource in the framework of economic accounting, by pricing of water resources used for agricultural purposes, according to the amount of water used, as it is the case in Spain, Morocco, Tunisia, Cyprus, aiming for rationalizing the water consumption and insuring its availability for the future generations and achieving sustainable agricultural development.

DOI

10.21608/asejaiqjsae.2012.159423

Keywords

Pricing, Economic resources, Demand functions, rice

Authors

First Name

Sahar

Last Name

A. Kamara

MiddleName

-

Affiliation

-

Email

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City

-

Orcid

-

Volume

33

Article Issue

July-September

Related Issue

552

Issue Date

2012-07-01

Receive Date

2012-06-30

Publish Date

2012-07-01

Page Start

256

Page End

266

Print ISSN

1110-0176

Online ISSN

2536-9784

Link

https://asejaiqjsae.journals.ekb.eg/article_159423.html

Detail API

https://asejaiqjsae.journals.ekb.eg/service?article_code=159423

Order

10

Type

Original Article

Type Code

53

Publication Type

Journal

Publication Title

Alexandria Science Exchange Journal

Publication Link

https://asejaiqjsae.journals.ekb.eg/

MainTitle

Estimating The Demand Functions and Pricing of The Economic Resources Used in Rice Production of The Republic of Egypt

Details

Type

Article

Created At

22 Jan 2023