- 영문명
- A Non-parametric Approach for Economic Efficiency under Expenditure and Risk Constraints: The Case of Hanwoo Cattle Producers
- 발행기관
- 개인저작물
- 저자명
- 양승룡
- 간행물 정보
- 『개인저작물 - 사회』제44권 제1호, 23~37쪽, 전체 15쪽
- 주제분류
- 사회과학 > 개인저작물
- 파일형태
- 발행일자
- 2003.03.01
국문 초록
영문 초록
The non-parametric approach developed by Afriat is widely used to determine economic efficiency among producers. This approach regards any difference between the potential optimal profit (or cost) and real profit (or cost) as inefficiency. However, if farms are risk averse and/or have limited amount of expenditure for inputs, they produce less than they would have without those restrictions. If these situations are not properly modeled, their effects are incorrectly estimated as inefficiency. This study examines the effects of failure to consider the expenditure constraint and risk premium on the non-parametric approach in case of Hanwoo cattle producers. The empirical results show that the bias from omission of these constraints are substantial. This study suggests that considering various institutional and financial restrictions existing in the real be essential for correct efficiency measures and policy recommendations.
목차
ABSTRACT
I. 서론
II. 모형
III. 자료 및 분석결과
1. 자료
2. 분석결과
IV. 요약 및 결론
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