2012
DOI: 10.1111/j.1574-0862.2012.00612.x
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Specialization, diversification, and productivity: a panel data analysis of rice farms in Korea

Abstract: This article examines the microeconomics of productivity associated with specialization/diversification in production activities, with an application to Korean rice farms. Korean rice farms tend to be very small and highly specialized. Our analysis examines the productivity effects associated with both farm size and farm specialization/diversification in Korean agriculture. Relying on farm-level panel data, the analysis studies farm productivity in a multi-input multi-output context, accounting not only for ch… Show more

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Cited by 41 publications
(37 citation statements)
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“…However, bootstrapping does impose certain limitations on the research: specifically, certain patterns of efficiency might be masked as a result of smoothing. Another important research direction is farm specialization and diversification research (Kim et al., ). Although our cluster analysis did not suggest that a convergence in efficiency has been achieved (Mugera et al., ), this issue warrants further study.…”
Section: Discussionmentioning
confidence: 99%
“…However, bootstrapping does impose certain limitations on the research: specifically, certain patterns of efficiency might be masked as a result of smoothing. Another important research direction is farm specialization and diversification research (Kim et al., ). Although our cluster analysis did not suggest that a convergence in efficiency has been achieved (Mugera et al., ), this issue warrants further study.…”
Section: Discussionmentioning
confidence: 99%
“…cultivated by small-scale and subsistence farmers (Fraser 2006;Kim et al 2012). cultivated by small-scale and subsistence farmers (Fraser 2006;Kim et al 2012).…”
Section: Introductionmentioning
confidence: 99%
“…During the past 60 years, changes in the agricultural industry have led to a global agrifood system dominated by large, capital-intensive farms [1][2][3]. These farms are increasingly specialized in terms of the crops they produce, and hence are dependent on inputs from other sectors of the economy [4][5][6]. This change in agriculture has been driven by the search for increased economic efficiency, economies of scale, and reduced marginal costs of production.…”
Section: Introductionmentioning
confidence: 99%