The Relationship between Farm Characteristics and Farm Productivity

• 발행기관: 한국농업경제학회
• 저자명: 김영준(Youngjune Kim) 이한빈(Hanbin Lee)
• 간행물 정보: 『농업경제연구』61권 3호, 181~205쪽, 전체 25쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.09.30

영문 초록

Farm productivity is important since it determines the quantity of food supplied and the income of farms in the economy. Using two 5-year farm-level panel dataset that is rich in farm-specific characteristics, our goal is to explore the relationship between farm characteristics and farm productivity. For this goal, first, we estimate farm-specific productivity. Given estimated productivity, second, we select characteristics that substantially explain variations of farm-specific productivity across time, using Least Absolute Shrinkage and Selection Operator (LASSO), an emerging variable selection method. The results indicate that farm types, and income and expenditure variables, such as primary farming, subsistent farming, profit margin, operator’s age, and rent are most strongly associated with farm-specific productivity.

목차

Ⅰ. Introduction

Ⅱ. Data: Korean Farm Household Economy Survey

Ⅲ. Estimation Strategy

Ⅳ. Estimation Results

Ⅴ. Conclusions

References

키워드

farm productivity farm characteristics variable selection Least Absolute Shrinkage and Selection Operator (LASSO)