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Adjustment Capacity of Korean Farm Household

Author

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  • Kim, Hanho
  • Kim, Jae-Kyung

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.

Suggested Citation

  • Kim, Hanho & Kim, Jae-Kyung, 2009. "Adjustment Capacity of Korean Farm Household," 111th Seminar, June 26-27, 2009, Canterbury, UK 52839, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa111:52839
    DOI: 10.22004/ag.econ.52839
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    Keywords

    Agricultural and Food Policy; Consumer/Household Economics; Research Methods/ Statistical Methods;
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