English, Article, Journal or magazine article edition: Evading Farm Support Reduction Via Efficient Input Use: The Case of Greek Cotton Growers Christos Pantzios; Stelios Rozakis; Vangelis Tzouvelekas

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Bookmark: http://trove.nla.gov.au/version/139107
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Evading Farm Support Reduction Via Efficient Input Use: The Case of Greek Cotton Growers
Author
  • Christos Pantzios
  • Stelios Rozakis
  • Vangelis Tzouvelekas
Physical Description
  • preprint
Notes
  • Utilizing a stochastic frontier approach, this paper examines the importance that input-oriented technical and scale efficiency may have for Greek cotton farmers in the context of the current EU cotton policy. To that end, a sample of cotton-growing farms in the representative cotton -producing county of Karditsa (central Greece) is empirically analyzed. The results suggest that the farms examined exhibit decreasing returns to scale and they are both scale and technically inefficient. Moreover, elimination of these inefficiencies could result in considerable gains; the cotton farmers examined could reduce production costs by 46.0%, by becoming both technically and scale efficient. Additionally, we estimate that if cotton farms in the area examined were technically and scale efficient the intervention price reductions (co-responsibility levy) imposed by the EU for excessive cotton production would be smaller for all Greek cotton growers.
  • RePEc:crt:wpaper:0412
Language
  • English
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