| 초록 |
This paper examines the primary gains from farm consolidation in Korean agriculture, with particular emphasis on the role of scale economies and returns to farm labor. Measurements of such variables are obtained from the estimation of a stochastic multi-output distance function using farm-level panel data from the period 1998 to 2002. The empirical evidence finds that larger farms have more returns to scale than smaller ones and lager farms realize growing scale advantages during the study period. Futher results suggest that as land per farm increases, so do return to farm labor.
|
