Measuring The Impacts Of Trade Liberalization Focusing On The Effects Of Processed Goods On Raw Material Markets: An Application To The Dairy Sector In Korea
Sounghun Kim,
Donghwan An and
Kwansoo Kim
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Sounghun Kim: Chungnam National University
Donghwan An: Seoul National University
Kwansoo Kim: Seoul National University
Korean Economic Review, 2010, vol. 26, 341-360
Abstract:
The paper presents an economic analysis of the effects of trade liberalization on a processed industry focusing on the effects of processed goods on raw material markets. We develop a partial equilibrium model allowing for measuring such indirect effects. The model is applied to analyze the effects of Korea-U.S. FTA on dairy industry in Korea. The simulation analysis provides useful insights on the impacts of Korea-U.S. FTA when measuring the effects trade liberalization on a processed industry is of interest.
Keywords: trade liberalization; food industry; Korea-U.S. FTA (search for similar items in EconPapers)
JEL-codes: C5 F1 Q00 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:kea:keappr:ker-20101231-26-2-05
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