December 2013
Optimal control theory and fishery model
Adequate numbers of relations have been provided to find the three unknowns following three equations: the state equation, the adjoint equation and maximum principle equation. If rigor is sacrificed, then a partial solution is quickly obtained by using the concept of calculus of variation. Our appealing and intuitive harvesting policy would be that, refrain from harvesting along the singular path, because zero harvest...
December 2013
Livelihood diversification and welfare of rural households in Ondo State, Nigeria
Agriculture, the main source of livelihood in Nigeria, especially in the rural areas, is plagued with various problems. As a result, most of the rural households are poor and are beginning to diversify their livelihoods into off and non-farm activities as a relevant source of income. This study examined the effect of livelihood diversification on the welfare of rural households in Ondo State. Primary data used in the...
December 2013
Measuring the effect of climate change on agriculture: A literature review of analytical models
This article provides a short overview of the principal models that can be used to estimate the effects of climate change on agriculture. The models are classified in relation to the following criteria: the specific impacts they aim to assess, their ability to measure production and/or economic losses, and the adoption of social indicators of the effects and responses. The weaknesses and strengths of the models are also...
December 2013
Financial constraints and entrepreneurial activity choice among clients of micro finance institutions in Jimma area
The research is intended to assess the small holder entrepreneurs’ enterprise choices under financial constraint. Adapting economic model of household-production interactions, results from a survey of 140 smallholders was used on multinomial logit regression techniques. The paper makes the case that the access to finance has limited effect on the choice of entrepreneurial activity than individual differences did....
December 2013
Oil pollution and technical efficiency of food crop farmers in the Niger Delta region of Nigeria
A study was carried out to investigate into factors responsible for technical inefficiency of food crop farmers in the oil polluted and non-polluted areas of Niger Delta. Data were collected from 270 (140 for oil polluted and 130 in unpolluted area) farmers selected through a multistage random sampling technique. A stochastic frontier function that incorporated inefficiency effect was estimated using the Maximum...
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