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Comparative Advantages of Alternative Crops: A Comparison Study in Ben Tre, Mekong Delta, Vietnam

Author

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  • Hoang, V. V.
  • Tran, K. T.

Abstract

This study aims to measure the comparative advantages of alternative crops of rice, coconut, and pomelo as the key indicators for crop cultivation choices by using DRC, SCB, and other competitiveness indicators in PAM model with sensitivity analysis. The results indicate that pomelo fruit obtains the strongest competitiveness, coconut has the medium competitiveness, and rice has the weakest competitiveness. Coconut crop is the most stable while rice is the most sensitive to climate and market changes. This may suggest that farmers and policymakers should convert from rice crop into and adopt pomelo and coconut crops for more effective economic and sustainable benefits. However, this conversion should take account of the soil transferring costs and the initial cultivation costs of pomelo and coconut crops. Production indicators and trade indices seem to indicate contradictory rankings of competitiveness. The result, however, is still consistent with the economic theory.

Suggested Citation

  • Hoang, V. V. & Tran, K. T., 2019. "Comparative Advantages of Alternative Crops: A Comparison Study in Ben Tre, Mekong Delta, Vietnam," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 11(1), March.
    • Handle: RePEc:ags:aolpei:294143
    DOI: 10.22004/ag.econ.294143
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    Citations

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    Cited by:

    1. Tamás Mizik & Péter Gál & Áron Török, 2020. "Does Agricultural Trade Competitiveness Matter? The Case of the CIS Countries," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 12(1), March.
    2. Nora Sharkasi & Nguyen Vo Hien Chau & Jay Rajasekera, 2023. "Export Potential Analysis of Vietnamese Bottled Coconut Water by Incorporating Criteria Weights of MCDM into the Gravity of Trade Model," Sustainability, MDPI, vol. 15(15), pages 1-26, July.
    3. Viet Hoang & Vinh Nguyen, 2023. "Determinants of small farmers' participation in contract farming in developing countries: A study in Vietnam," Agribusiness, John Wiley & Sons, Ltd., vol. 39(3), pages 836-853, July.
    4. Tamás Mizik & Ákos Szerletics & Attila Jámbor, 2020. "Agri-Food Export Competitiveness of the ASEAN Countries," Sustainability, MDPI, vol. 12(23), pages 1-15, November.
    5. Osama Elsalih & Kamil Sertoglu & Mustafa Besim, 2021. "Determinants of comparative advantage of crude oil production: Evidence from OPEC and non‐OPEC countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3972-3983, July.
    6. Viet Hoang & An Nguyen & Carmen Hubbard & Khanh-Duy Nguyen, 2021. "Exploring the Governance and Fairness in the Milk Value Chain: A Case Study in Vietnam," Agriculture, MDPI, vol. 11(9), pages 1-22, September.
    7. Viet Hoang, 2021. "Impact of Contract Farming on Farmers’ Income in the Food Value Chain: A Theoretical Analysis and Empirical Study in Vietnam," Agriculture, MDPI, vol. 11(8), pages 1-16, August.

    More about this item

    Keywords

    Agribusiness; Agricultural and Food Policy;

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