HETEROGENEITY IN PRODUCTION TECHNOLOGY ACROSS FARM SIZES: ANALYSIS OF MULTI-OUTPUT PRODUCTION FUNCTION USING KOREAN FARM-LEVEL PANEL DATA

Hye-Jung Kang, Hyunok Lee and Daniel Sumner

No 22245, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper analyzes the rice production technology in Korea in the context of multi-output framework. The estimation uses a set of national farm-level panel data within the primal approach. The particular focus of the study is to analyze the existence of heterogeneous technologies for different farm sizes, and the possibility of output substitution. Unlike many previous studies, we employ a farm-specific fixed effects model, which accounts for the effects of individual specific characteristics or constraints on production. Our results suggest that considerable differences in technology exist across various farm sizes. Interestingly, input substitution and output substitution possibilities are more limited for smaller farms. However, in general, output substitution possibilities are very limited across all farm sizes.

Keywords: Production; Economics (search for similar items in EconPapers)
Pages: 16
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/22245/files/sp03ka06.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22245

DOI: 10.22004/ag.econ.22245

Access Statistics for this paper

More papers in 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().