We examine the effects of multilateral trade reform on South Korean agriculture and its economy. We first measure agricultural total factor productivity (TFP) and its components (technological and technical efficiency change) by estimating a production function and stochastic frontier using data...

An entire economic system cannot be understood unless there is reliable knowledge about both rural and urban sectors, including their interactions. In particular, there are two anomalies that cannot be rationalized satisfactorily by existing economic theory: the decentralizing economic...