@article{Huang:50928,
      recid = {50928},
      author = {Huang, Fung-Mey and Luh, Yir-Hueih},
      title = {The Economic Value of Education in Agricultural  Production: A Switching Regression Analysis of Selected  East Asian Countries},
      address = {2009},
      number = {1005-2016-79306},
      series = {Contributed Paper},
      pages = {18},
      year = {2009},
      abstract = {The emphasis of education as a driving force for the  growth of agricultural productivity can be dated back to  the early 1960s. However, most empirical work failed to  take into account of the fact that production technology  changes with time
and consequently obscure the true  contribution of education in agricultural production. This  study presents a more efficient version to testing the  hypothesis that education plays a key role in agricultural  development using a switching regression model. Because  farmers’ ability to deal with disequilibria is allowed to  change with education in the present setting, a concrete  evidence of the key role of education is provided in the  empirical analysis of eight East Asian countries. The  results suggest that there
exists a threshold for the  effects of education on agricultural productivity change.  For the group of countries where education constitutes a  major determinant of productivity growth in both the  technical progress and stagnation regimes, we found the  effect of education varies from country to country and from  regime to regime. Moreover, our results also suggest  technological improvement can defer the starting point of  the descending stage whereas advance the time for taking  off.},
      url = {http://ageconsearch.umn.edu/record/50928},
      doi = {https://doi.org/10.22004/ag.econ.50928},
}