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Human capital formation and South Korean agricultural growth 1963-1977

Human capital formation and South Korean agricultural growth 1963-1977

Journal of Economic Development 7(1): 135-150

The hypothesis of this study is that a major reason for the improvement in agricultural output in South Korea during the period 1963-1977 was the farmer's willingness to innovate, to adopt new technology and to increasingly participate in the market system. A first order, autoregressive estimation procedure was used to test the hypothesis.

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