Estimation of a Long-Run Cost Function for Bananas Cultivation in Jordan

Al-Deseit, B.; AL-Sharafat, Ali; Yousef, Maher

doi:10.9734/ajaees/2015/11419

Cited by 2 publications

(3 citation statements)

References 2 publications

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“…The correlation between 0.962 and 0.983 give us possibility to conclude that there is a positive and very powerful relation between the quantity volume of output and total costs. Similar deductions can be found in several other studies not only in the field of healthcare, but also in agriculture (Aldeseit et al, 2015;Aridah and Shaloof, 2014). During the next step, we wished to inspect whether regression models are suitable.…”

Section: Resultssupporting

confidence: 89%

“…But inside the framework of the short-term analysis we cannot yet determine the size of the healthcare provider, for in such a case, we would assume that production capacities are already given, which would then indirectly also determine his size. The discussion about the optimal size of healthcare providers thus belongs to the discussion about the provider's long-term balance (Aldeseit et al, 2015;Aletras et al, 1997). The provider's size can be altered only if we assume no production factor is actually fixed -which is in itself a definition for a long-term.…”

Section: Efficiency and Optimal Size Of Healthcare Providers -Literatmentioning

confidence: 99%

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Estimating the optimal size of secondary healthcare providers in Slovenia

Blatnik

Bojnec

2019

IJSE

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One of the fundamental problems of healthcare systems is how to ensure efficient performance of secondary healthcare providers. Economic efficiency is related to the volume of production therefore, one of the remaining key issues is the optimal size of secondary healthcare providers. The chief goal of our study was to determine the most typical form of long-term cost function and the optimal size of secondary healthcare providers in Slovenia. Our results show that hospitals would function with the lowest possible costs per one unit of output when treating between 188,000 and 243,000 patients annually. The average price of an individual service should be set above the minimum of long-term average costs, indicating that a general hospital is of the optimal size when treating between 246,000 and 275,000 patients annually. Expert knowledge on different types of long-term costs and service prices can be a useful tool for any hospital management. The estimations provided by our study can be usefully employed by management teams of general hospitals primarily during the decision-making processes regarding future business operations.

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Section: Resultssupporting

confidence: 89%

Section: Efficiency and Optimal Size Of Healthcare Providers -Literatmentioning

confidence: 99%

Estimating the optimal size of secondary healthcare providers in Slovenia

Blatnik

Bojnec

2019

IJSE

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“…The research was built on secondary data, mainly FAOSTAT (2018). Table 3 shows the main data that was required to run the conceptual model: The elasticity of supply was calculated from the marginal cost function derived from [19]. The estimated long-run cost, average cost and marginal cost functions were as follows:…”

Section: Data Collectionmentioning

confidence: 99%

Welfare Economic Analysis of Lifting Water Subsidies for Banana Farms in Jordan

2019

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Jordan is one of the four driest countries in the world. Due to rapid population growth, water demand distinctly exceeds supply. The tariff to cover operations and maintenance (OM) and depreciation costs will be JD 0.066 per cubic meter (1 JD = 1.41 US$) if billing and collection efficiencies were able to reach 100 percent. The current charges of irrigation water in the Jordan Valley are JD 0.011/M3.This study aims at evaluating the effect of lifting the irrigation water subsidy for bananas in the Jordan Valley on the producers’ income, the consumers’ expenditure, the government’s budget, and Jordanian society. The total area planted with banana trees in 2017 was 1533 ha producing about 73.9 thousand tons of bananas. Previous studies have focused on evaluating the effect of input subsidies on prices and quantities, while in this study we evaluate the monetary effect on lifting these subsidies. A partial market equilibrium model, which evaluates the consumer surplus and producer surplus, was used to analyze the welfare effect of lifting the subsidies for irrigation water for the banana farms in Jordan. All the relevant players in the irrigated banana sector in Jordan were analyzed in this study including: producers, consumers, taxpayers, and society. Welfare economic instruments such as consumer surplus, producer surplus, and economic efficiency have been applied in the analysis. The government revenue will increase during the selected years by JD 3.1 million, JD 4.5 million and JD 3.8 million respectively. The dead weight loss during the three years will be JD 23.2 thousand, JD 44.3 thousand and JD 38.6 thousand respectively.

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Estimation of a Long-Run Cost Function for Bananas Cultivation in Jordan

Cited by 2 publications

References 2 publications

Estimating the optimal size of secondary healthcare providers in Slovenia

Estimating the optimal size of secondary healthcare providers in Slovenia

Welfare Economic Analysis of Lifting Water Subsidies for Banana Farms in Jordan

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