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The Economic Value of Education in Agricultural Production: A Switching Regression Analysis of Selected East Asian Countries AgEcon
Huang, Fung-Mey; Luh, Yir-Hueih.
The emphasis of education as a driving force for the growth of agricultural productivity can be dated back to the early 1960s. However, most empirical work failed to take into account of the fact that production technology changes with time and consequently obscure the true contribution of education in agricultural production. This study presents a more efficient version to testing the hypothesis that education plays a key role in agricultural development using a switching regression model. Because farmers’ ability to deal with disequilibria is allowed to change with education in the present setting, a concrete evidence of the key role of education is provided in the empirical analysis of eight East Asian countries. The results suggest that there exists a...
Tipo: Conference Paper or Presentation Palavras-chave: East Asian agricultural growth; Education; Switching regression; International Development; Labor and Human Capital; Productivity Analysis; O47; O57.
Ano: 2009 URL: http://purl.umn.edu/50928
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