What Drives the Productivity Change of the Korean Food Processing Industry? : A Stochastic Frontier Analysis Using Firm-Level Panel Data, 2001-2009

영문 제목
What Drives the Productivity Change of the Korean Food Processing Industry? : A Stochastic Frontier Analysis Using Firm-Level Panel Data, 2001-2009
저자
최지현
출판년도
2013-05-21
초록
This article conducts an analysis on changes in productivity in Korean major food processing industries (meat processing industry, milk processing industry, and pickle industry) with the financial data over the five years from 2001 to 2009. Measurements are obtained from the estimation of a stochastic production function. The results find that technical change and allocative efficiency have led significant productivity changes in the three industries. Especially, pickle industry experienced a higher rate of productivity growth by a greater rate of technical change and allocative efficiency. Accordingly, the technical progress and efficient resource allocation resulting from greater investment in R&D and stable supply of raw materials are required for enhancement of productivity in the Korean food processing industry.
This article conducts an analysis on changes in productivity in Korean major food processing industries (meat processing industry, milk processing industry, and pickle industry) with the financial data over the five years from 2001 to 2009. Measurements are obtained from the estimation of a stochastic production function. The results find that technical change and allocative efficiency have led significant productivity changes in the three industries. Especially, pickle industry experienced a higher rate of productivity growth by a greater rate of technical change and allocative efficiency. Accordingly, the technical progress and efficient resource allocation resulting from greater investment in R&D and stable supply of raw materials are required for enhancement of productivity in the Korean food processing industry.
목차
I. INTRODUCTIONII. ANALYTICAL FRAMEWORKIII. DATA AND VARIABLESIV. EMPIRICAL IMPLEMENTATIONV. ESTIMATION RESULTSVI. SUMMARY AND CONCLUSION REMARKS
서지인용
page. 85 - 104
발행처
한국농촌경제연구원
주제어
food processing industry; productivity growth; panel data; stochastic frontier production function; food processing industry; productivity growth; panel data; stochastic frontier production function
발간물 유형
KREI 논문
URI
http://repository.krei.re.kr/handle/2018.oak/20376
Appears in Collections:
학술지 논문 > 농촌경제 / JRD
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