Elasticity in the Behavior of the Producer, According to the Supply of Rice in Peru
DOI:
https://doi.org/10.37467/revtechno.v15.5066Keywords:
Paddy rice, Nerlovian model, Short-term elasticity, Long-term elasticity, Harvested area, Behavior, ProducerAbstract
The elasticity of supply is important for decision-making in the behavior of paddy rice producers. In this sense, the objective of this study is to estimate the short-term and long-term supply elasticity for paddy rice in Peru, using the Nerlove model, and considering the harvested area of paddy rice as a dependent variable. The results show that the elasticity of supply of paddy rice in the short term is inelastic (0.203866), and in the long term it is also inelastic (0.335631), in addition, the adjustment coefficient of the producers is 0.607412.
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