Applying the DRC (Domestic Resource Cost) Index to Evaluate the Competitive Advantage of Dak Lak Coffee - Open Access Library Journal

OALibJ > Vol.3 No.6, June 2016

Applying the DRC (Domestic Resource Cost) Index to Evaluate the Competitive Advantage of Dak Lak Coffee ()

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DOI: 10.4236/oalib.1102727 2,397 Downloads 4,156 Views Citations

Author(s)

Hoang Tuan Minh¹, Doan Thi Nhu Trang², Jiancheng Chen³

Affiliation(s)

¹Beijing Forestry University, Beijing, China.
²University of Science and Technology Beijing, Beijing, China.
³Economic and Management School, Beijing Forestry University, Beijing, China.

ABSTRACT

In the past few years, the volatility of the world price market and the intrinsic weaknesses of production coupled with skepticism from experts as well as households had effects of coffee production [1], that’s why the purpose of the article is to use index DRC (Domestic Resource Cost) to confirm the effectiveness of the coffee plantations in Dak Lak, through DRC index we not only assess competitive advantage of the coffee over other crop products in Dak Lak but also can find agents that affect competitiveness and find a way to enhance the competitiveness of products. The result of the research confirms that comparative advantages of coffee products are very sensitive to fluctuations in the price of coffee exports.

KEYWORDS

DRC Index, Evaluate the Competitive Advantage, Dak Lak, Coffee

Share and Cite:

Minh, H. , Trang, D. and Chen, J. (2016) Applying the DRC (Domestic Resource Cost) Index to Evaluate the Competitive Advantage of Dak Lak Coffee. Open Access Library Journal, 3, 1-8. doi: 10.4236/oalib.1102727.

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