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Impact of Direct Income Payments on Productive Efficiency of Korean Rice Farms AgEcon
Kang, Hye-Jung; Kim, Jeong-Ho.
This paper examines the impact of direct income payments on productive efficiency of Korean rice farms, using farm-level cross sectional data in 2006. 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. This paper especially estimates a stochastic frontier production function to explain deviations from best-practice productivity with a two-part error term including statistical noise from measurement error and technical inefficiency arising from farms not reaching the production frontier boundary. The empirical evidence finds that farms that get a higher share of direct payments in farm revenue are less efficient than...
Tipo: Journal Article Palavras-chave: Direct income payments; Productive efficiency; Stochastic frontier production function; Korea; Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/45650
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