The Impact of Farm Consolidation on Productive Efficiency in Korean Agriculture: Analysis of Farm-Level Panel Data

Hye-Jung Kang
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Hye-Jung Kang: Korea Rural Economic Institute

Korean Economic Review, 2005, vol. 21, 147-162

Abstract: This paper examines the impact of farm consolidation on productive efficiency, using farm-level panel data from 1998 to 2002. For representation of efficiency and its determinants, this paper uses a model that estimates the deviations of farms from a translog distance function and the determinants of these deviations. Especially, this paper estimates a stochastic multi-output distance function to accommodate multiple outputs and inputs within the frontier framework. The empirical evidence finds that larger farms are more efficient than smaller ones.

Keywords: Farm consolidation; Productive efficiency; Panel data; Stochastic multi-output distance function (search for similar items in EconPapers)
JEL-codes: C5 Q1 (search for similar items in EconPapers)
Date: 2005
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