Econometric model for determinants of rice production and consumption in Egypt | ||
| Alexandria Science Exchange Journal | ||
| Article 8, Volume 45, Issue 3, September 2024, Pages 431-437 PDF (276.33 K) | ||
| Document Type: Original Article | ||
| DOI: 10.21608/asejaiqjsae.2024.377924 | ||
| Authors | ||
| Soher Salh Abd Elrazek* 1; Abdallah Mahmoud Abdelmaqsoud* 2; Asmaa Abd El Fattah Ali Ali* 3 | ||
| 1Master's student; Department of Agricultural Economics - Faculty of Agriculture - Ain Shams University. | ||
| 2Professor Department of Agricultural Economics - Faculty of Agriculture - Ain Shams University. | ||
| 3Lecturer Department of Agricultural Economics - Faculty of Agriculture - Ain Shams University | ||
| Abstract | ||
| The agricultural sector is considered one of the most important sectors in the Egyptian economy due to its great importance in meeting the needs of citizens for food and clothing. The relative importance of this sector has been observed to decline in recent years. Rice is also one of the important strategic crops that the Egyptian people need in their food due to its high food value, as well as rice is considered one of the important export crops in Egypt, which contributes to providing the foreign currency needed to meet the requirements of the development process and improve the trade balance. The average consumption of rice during the period (2005-2022) amounted to about 5367.5 thousand tons, because large water needs, which conflict with the available water quantities for irrigation, it is noted that production increases by about 1.02%, 1.65%, 0.65%, 0.45% for each 1% increase in the average per capita share of the cultivated area and the farm price in the previous year, the net return in pounds in the previous year for rice in pounds per ton, and the average per capita share of exports for each of them, respectively. The research recommends studying all export prices in rice-exporting countries and dealing with them in the case of Egypt importing rice, taking into account, of course, the consumer preferences of the Egyptian consumer, as some types may be preferred over others. | ||
| Keywords | ||
| Simultaneous equations model; price; forecasting | ||
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