Productivity Growth in Korean Agriculture, 1998-2002: Analysis of Multi- Output Production Technolog

Hyejung Kang
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Hyejung Kang: Korea Rural Economic Institute

Korean Economic Review, 2007, vol. 23, 433-457

Abstract: This article analyzes the productivity growth in Korean agriculture with data on multiple crops, over the five years, from 1998 to 2002. Measurements are obtained from the estimation of a stochastic multi-output distance function. This study corrects for sample selection bias in the context of a translog functional form that appears when some farms produce only a subset of the potential outputs. The results find that technological change has caused a significant productivity change. Larger farms experience the highest rate of productivity growth by the greatest rate of scale effect. More human capital also leads higher productivity growth rates.

Keywords: Agriculture Productivity growth; Panel data; Stochastic frontier production function; Multi-output production technology; Sample selection bias (search for similar items in EconPapers)
JEL-codes: C5 Q1 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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