Governance strategies and welfare effects: vertical integration and contracts in the catfish sector in Vietnam
Neda Trifkovic ()
No 182677, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists
Using an original dataset from the Vietnamese catfish sector, we study the impact of vertical coordination options on household welfare and the implications of different stages of vertical coordination for the success of the whole sector. The welfare gain from contract farming and employment on processor-owned estate farms is estimated using a maximum simulated likelihood estimator. Our results show positive welfare effects from participating in contract farming, but not from employment on processor-owned estate farms. The results imply that contract farming presents opportunities for economic growth, but additional effort is required to make the contracts more accessible to smallholders.
Keywords: Institutional and Behavioral Economics; Political Economy (search for similar items in EconPapers)
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Journal Article: Governance Strategies and Welfare Effects: Vertical Integration and Contracts in the Catfish Sector in Vietnam (2014)
Working Paper: Governance Strategies and Welfare Effects: Vertical Integration and Contracts in the Catfish Sector in Vietnam (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:182677
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