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A Study on the Factor Demand Structure of Sweet Persimmon
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 Title & Authors
A Study on the Factor Demand Structure of Sweet Persimmon
Yoo, Li-Na; Hwang, Su-Chul;
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This study analyzes the factor demand structure of sweet persimmon as a part of finding out cost cutting measures. Income and cost data from 2001~2013 Agricultural Income Survey are used for placing the translog cost function and estimating price elasticies and cross elasticities of labor, capital and intermediate input. The result shows that own price elasticities of all factors are small in absolute terms. Additionally the result indicates capital and intermediate input cannot be a substitution for labor, which is a top-line cost-share. It means that the demand for labor cconstitutionally can`t be reduced in a short time. This implies that cost reduction should be done focusing on intermediate input, particularly on fertilizer and materials which have higher price elasticity of demand.
Factor demand structure;price elasticity;cross elasticity;sweet persimmon;cost function;
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