IDEAS home Printed from https://ideas.repec.org/a/ags/jordng/330679.html
   My bibliography  Save this article

An Analysis on Cost Efficiency for Agricultural Cooperatives in Korea and Its Determinants

Author

Listed:
  • Park, Changsuh

Abstract

This study empirically estimated the cost efficiency of 145 agricultural cooperatives in Seoul and Gyeonggi-do in Korea during the period of 2007~2013 using the method of stochastic frontier analysis. Furthermore, the determinants of cost inefficiency have been estimated using firm-specific characteristics. According to the results, the cost efficiency of the sample has been improved from 0.845 in 2007 to 0.907 in 2013. The three types, rural, small-and-medium city, and large city areas, showed different trends of cost efficiency: the type of large city has the highest cost efficiency, and that of small-and-medium city was the lowest. In the determinants of cost inefficiency, the larger the size of agricultural cooperatives, the lower cost inefficiency. However, the loan default rate has a negative effect on cost inefficiency. The cooperatives with security investment rather than those without security investment also improved cost efficiency.

Suggested Citation

  • Park, Changsuh, 2015. "An Analysis on Cost Efficiency for Agricultural Cooperatives in Korea and Its Determinants," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 38(4), December.
    • Handle: RePEc:ags:jordng:330679
    DOI: 10.22004/ag.econ.330679
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/330679/files/RE38-4-03.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.330679?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jordng:330679. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/kreinkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.