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Meat demand in South Korea: A systems estimate and policy projections

Author

Listed:
  • Dermot J. Hayes

    (Department of Economics, Iowa State University)

  • Hyungdo Ahn

    (Department of Economics, Iowa State University)

  • C. Phillip Baumel

    (Department of Economics, Iowa State University)

Abstract
The results of a systems estimate of the South Korean meat sector are presented. The system is well behaved in that it satisfies the theoretical restrictions. Some of the parameters of the demand system are then used to simulate the effects of trade liberalization in the South Korean beef sector. The results indicate that South Korea would reduce its trade surplus by as much as $800 million by 1999 if its beef sector was liberalized. The principal beneficiaries of this liberalization would be the United States and Australia.

Suggested Citation

  • Dermot J. Hayes & Hyungdo Ahn & C. Phillip Baumel, 1991. "Meat demand in South Korea: A systems estimate and policy projections," Agribusiness, John Wiley & Sons, Ltd., vol. 7(5), pages 433-446.
    • Handle: RePEc:wly:agribz:v:7:y:1991:i:5:p:433-446
    DOI: 10.1002/1520-6297(199109)7:5<433::AID-AGR2720070503>3.0.CO;2-K
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    Cited by:

    1. Jones, Jeffrey & Dyck, John, 1991. "Korea's Beef Market in a Pacific Context," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271252, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Shashika D. Rathnayaka & Saroja Selvanathan & E. A. Selvanathan, 2021. "Demand for animal‐derived food in selected Asian countries: A system‐wide analysis," Agricultural Economics, International Association of Agricultural Economists, vol. 52(1), pages 97-122, January.
    3. Morison, Julian B. & Officer, Linda J., 1992. "Factors Affecting Japanese Investment in the Australian Beef Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 60(03), pages 1-12, December.
    4. Minseong Kang & Byeong‐Il Ahn, 2023. "Market power and cost‐efficiency effects: Broiler packing industry in South Korea," Agribusiness, John Wiley & Sons, Ltd., vol. 39(4), pages 1157-1172, October.
    5. Lee, Young-Jae & Kennedy, P. Lynn, 2009. "Effects of Price and Quality Differences in Source Differentiated Beef on Market Demand," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(1), pages 1-12, April.

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