Analysis of risk propensity factors in the production of lemons in Lankaran region
Turan Ahmadli Nadir |
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| Special Constructor Technology Bureau of the National Aerocosmic Agency | |
| muharrembeyturan@gmail.com |
Gamar Ibrahimova Afgan |
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| Special Constructor Technology Bureau of the National Aerocosmic Agency | |
| muharrembeyturan@gmail.com |
Shamil Rajabov Ilham |
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| Special Constructor Technology Bureau of the National Aerocosmic Agency | |
| muharrembeyturan@gmail.com |
UOT: 338.43, 332.1:633/635
The agricultural sector is a strategic sector for the nutrition and employment of citizens all over the world and for the development of countries. It is considered a sensitive and strategic sector all over the world due to its natural production conditions. There are many risk factors in the agricultural sector that play an important economic and social role. This article examines the factors influencing the behavior of farmers growing lemons in the Lankaran region of Azerbaijan. To this end, a survey was conducted among 270 lemon producers in the study area. It was determined that 45.7% of producers are risk averse, 28.5% are risk neutral and 25.8% are risk averse. When analyzing the obtained data, an The Sequential Probit Model was used. The factors influencing the behavior of producers in the face of risks arising from the production of lemon are determined. The results of the study can help manufacturers make the right decisions at the right time.
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Namig. Shalbuzov
Deputy Director of the Agricultural Economics Research Center
Doctor of Philosophy in Economics
Yunus. Sadigov
Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher
Ph.D., docent
Okiemua. Okoror
Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK
Fuad. Ibrahimov
Economic issues expert of the Center for Socio-Economic and Ecological Research Public Union
Doctor of Philosophy in Economics
Idris. Hojatov
Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology
junior researcher
Javid. Hasanov
Senior specialist, Agricultural Research Center Ph.D. student of the Agricultural Research Center
Andriy. Popovych
Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej, Warszawa, Polska / Agricultural and Food Economics State Research Institute, Warsaw, Poland
Ph.D.