Analysis of Total Factor Productivity Growth by Farm Size

Yongjun Heo

Journal of Rural Development/Nongchon-Gyeongje, 2013, vol. 36, issue 01

Abstract: This study measures agricultural total factor productivity (TFP) in Korea and its components such as technological and technical efficiency change by estimating a normal production function and a stochastic frontier production function. Panel data of farm size and type was used to estimate the production functions for the period of 2003~2011. As regards to the TFP analysis by farm size, the annual average growth rates of potential TFP and actual TFP have increased 1.34% and 1.16% respectively, while the growth rate after the 2000s has slowed down. Especially in the case of the farm size of more than 7 ha, the annual average growth rate of TFP is the highest. The TFP analysis by farm type shows that average annual growth rates of TFPs in the relatively highly capital-intensive farm types, such as for livestock, special crops, fruits, and flowers, are much higher than that of paddy rice, a land-intentive farm.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:330578

DOI: 10.22004/ag.econ.330578

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