Trade Policy Reform, Productivity Growth and Welfare in South Korean Agriculture
AbstractWe examine the effects of multilateral trade reform on South Korean agriculture and its economy. We first measure agricultural total factor productivity (TFP) and its components (technological and technical efficiency change) by estimating a production function and stochastic frontier using data from Korean Statistical Information Service during 1970-2009. We then examine the sources of South Korean agricultural TFP with an emphasis on trade openness, and agricultural research and extension. We find that TFP elasticity with respect to trade openness is significantly larger after 1994 relative to the pre-reform period. Further, Korean farmers have passed on productivity gains from trade reform to consumers in the form of lower prices. Copyright 2012, Oxford University Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Agricultural and Applied Economics Association in its journal Applied Economic Perspectives and Policy.
Volume (Year): 34 (2012)
Issue (Month): 3 ()
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Phone: (414) 918-3190
Fax: 01865 267 985
Web page: http://aepp.oxfordjournals.org/
More information through EDIRC
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.