Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Profit maximization in Egyptian agriculture
Author:Sheikh, Salah el-
Periodical:L'Égypte contemporaine
Geographic term:Egypt
Subjects:agricultural production
agricultural products
Abstract:Acreage response studies of both developed and less developed countries have tended to misspecify the neoclassical model of profit maximization. Relying on ad hoc models, these studies fail to account properly for the effects of input prices and total acreage scale implied by profit maximization. The present author develops a profit-centred model of acreage response, taking into consideration the significant technological and institutional characteristics of Egyptian agriculture. He tests the model's implications using data from Egypt for the period 1913-1973. Agricultural products are aggregated in two groups, food products and cotton varieties, and tested for the following variables: acreage, crop prices and yields, input prices and government controls (area restrictions on cotton, wheat, and barley, and the introduction of crop planning in 1964). The econometric evidence obtained supports the predictions of the author's profit-maximizing acreage response model. Bibliogr., notes, ref.