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http://dx.doi.org/10.11625/KJOA.2016.24.3.355

A Bayesian Stochastic Frontier Estimation of Efficiencies for Strawberry and Tomato Farming : Effect of Environmentally Friendly Farming  

Park, Ho-Jeong (고려대학교 식품자원경제학과)
Yang, Seung-Ryong (고려대학교 식품자원경제학과)
Publication Information
Korean Journal of Organic Agriculture / v.24, no.3, 2016 , pp. 355-368 More about this Journal
Abstract
There are growing interests in environmental friendly cultivation for the matter of health concern. This study analyzes an economic efficiency of strawberry and tomato farming by considering the role of environmentally friendly cultivation. The Database of Rural Development Administration is used for strawberry and tomato farming households. We adopt a Bayesian stochastic frontier model to resolve a small sample property of the data. Empirical finding is that environmentally friendly cultivation improves the revenue of farming but the effect on net profit is not conclusive which calls for future research.
Keywords
strawberry; tomato; Bayesian stochastic frontier; economic efficiency;
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