The Framework and Statistical Methodology for Sugarcane Production in Thailand

Authors

  • Prasert Chaitip Faculty of Economics (1993-2017), Chiang Mai University, Chiang Mai, Thailand.
  • Chukiat Chaiboonsri Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand.
  • Fawikorn Inluang Faculty of Business Administration, Thonburi University, LumPhun campus, LumPhun, Thailand.

DOI:

https://doi.org/10.9734/bpi/cabef/v6/17330D

Keywords:

Panel DEA approach, efficiency, sugarcane, bootstrapping DEA panel data approaches, Thailand

Abstract

This chapter investigates the statistical features of technical efficiency (TE), which was evaluated using Data Envelopment Analysis in a panel data setting (Panel DEA) with data obtained from sugarcane farming households in major regions of Thailand. A Panel Bootstrap Method is used to determine the statistical precision of Panel Data Envelopment Analysis. An examination of scale efficiency reveals that for two ordinarily long years, the technical efficiency analysis of farm households involved in sugarcane production can be adopted for policy recommendation based on bootstrapping DEA panel data approaches because the mean of bootstrapping Panel DEA approach equal to the mean of DEA approach in the panel data setting in both 2008 and 2011 only.

Published

2022-11-15

How to Cite

Prasert Chaitip, Chukiat Chaiboonsri, & Fawikorn Inluang. (2022). The Framework and Statistical Methodology for Sugarcane Production in Thailand. Current Aspects in Business, Economics and Finance Vol. 6, 121–130. https://doi.org/10.9734/bpi/cabef/v6/17330D

Issue

Current Aspects in Business, Economics and Finance Vol. 6

Section

Chapters