한국 농가의 소득원별 한계소비성향 분석

• 영문명: An Analysis of the Marginal Propensities to Consume Farm Income from Separate Sources in Korea
• 발행기관: 한국농업경제학회
• 저자명: 정선화(Seonhwa Jeong) 강혜정(Hye-Jung Kang)
• 간행물 정보: 『농업경제연구』56권 1호, 119~136쪽, 전체 18쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2015.03.30

영문 초록

This paper investigates the short-term marginal propensities to consume (hereafter, MPC) the farm income from separate sources and across consumption expenditure distributions, using the farm-level panel data over the five years, from 2008 to 2012. The study employs the fixed effects models, which controls for the presence of heteroskedasticity across panels and autocorrelation within panels in estimation. Also, this paper applies quantile regression models to analyze the features of the MPC the farm income by the difference of consumption expenditure distributions. Empirical results demonstrate that the MPCs by farm income sources are significantly different in all consumption expenditure classes. The results show that the MPCs of off-farm income and transfer income are much higher than agricultural income among farm income sources. Concludingly, an expansion of nonfarm income, which is an important factor to recover the MPCs of Korean farms is required to expand. Especially , from analyses of the MPCs by consumption expenditure classes, the MPCs of transfer income are highest in the low class, implying that the in-crease in transfer income is the most effective for the life welfare in the low class.

목차

Ⅰ. 서 론

Ⅱ. 이용한 자료

Ⅲ. 분석모형

Ⅳ. 분석결과

Ⅴ. 요약 및 결론

키워드

marginal prop ensity to consume farm income panel data fixed effects model quantile regression