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The Impact of Farm Consolidation on Productive Efficiency in Korean Agriculture: Analysis of Farm-Level Panel Data

Author

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  • Hye-Jung Kang

    (Korea Rural Economic Institute)

Abstract

This paper examines the impact of farm consolidation on productive efficiency, using farm-level panel data from 1998 to 2002. For representation of efficiency and its determinants, this paper uses a model that estimates the deviations of farms from a translog distance function and the determinants of these deviations. Especially, this paper estimates a stochastic multi-output distance function to accommodate multiple outputs and inputs within the frontier framework. The empirical evidence finds that larger farms are more efficient than smaller ones.

Suggested Citation

  • Hye-Jung Kang, 2005. "The Impact of Farm Consolidation on Productive Efficiency in Korean Agriculture: Analysis of Farm-Level Panel Data," Korean Economic Review, Korean Economic Association, vol. 21, pages 147-162.
  • Handle: RePEc:kea:keappr:ker-20050630-21-1-07
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    More about this item

    Keywords

    Farm consolidation; Productive efficiency; Panel data; Stochastic multi-output distance function;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

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