Economic analysis of saffron production

Naser Shahnoushi, Leili Abolhassani, Vida Kavakebi, Michael Reed, Sayed Saghaian

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

25 Scopus citations

Abstract

In this chapter, we discuss saffron production from an economic perspective. Research shows that the amount of saffron available, its cultivation area, as well as its price have been increasing since 2010 in response to demand. In this chapter, we present results of studies conducted on economic efficiency in Iran indicating determinants of economic performance for saffron farms. The comparative advantage of saffron is analyzed using the policy analysis matrix. The results show that saffron production is profitable at both market and social prices. From an economic point of view, saffron production has advantages including requiring small size of land (it can be even cultivated in spaces among trees), providing work opportunities especially for women, and requiring nonadvanced equipment and less financial investment.

Original languageEnglish
Title of host publicationSaffron
Subtitle of host publicationScience, Technology and Health
Pages337-356
Number of pages20
ISBN (Electronic)9780128186381
DOIs
StatePublished - Jan 1 2020

Bibliographical note

Publisher Copyright:
© 2020 Elsevier Inc. All rights reserved.

Keywords

  • Economic comparative advantage
  • economic efficiency
  • economic performance
  • economic productivity
  • policy analysis matrix (PAM)
  • production function
  • saffron
  • saffron price

ASJC Scopus subject areas

  • General Engineering
  • General Agricultural and Biological Sciences

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