Adjustment Capacity of Korean Farm Household

Hanho Kim and Jae-Kyung Kim

No 52839, 111th Seminar, June 26-27, 2009, Canterbury, UK from European Association of Agricultural Economists

Abstract: Structural adjustment is defined as the farm household’s behavior of changing its existing farm asset distribution toward more specialized or diversified directions. Farm households are classified into agricultural or non-agricultural based ones. Estimated expected income through switching regression model reveals that higher revenue is expected when adjustment paths toward more specialization and more non-agricultural based activities are chosen.

Keywords: Agricultural and Food Policy; Consumer/Household Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 20
Date: 2009-08-20
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaa111:52839

DOI: 10.22004/ag.econ.52839

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