Articles
Productivity Growth in Korean Agriculture, 1998-2002: Analysis of Multi- Output Production Technolog
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AuthorHye Jung Kang
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Year2007
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VolumeVol.23
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NumberNo.2
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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. -
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