Agricultural policy adjustments in the Korean rice economy

Yong Dae Kwon and Hiroshi Yamauchi

Agricultural Economics, 1993, vol. 9, issue 4, 335-346

Abstract: A political preference function is used to endogenize government actions in a simultaneous equation model for South Korean rice policy. The effects of economic changes on rice pricing decisions through estimated political weights are tested to improve our understanding of policy adjustments in that country and open the way for further research in East Asia.

Date: 1993
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https://doi.org/10.1111/j.1574-0862.1993.tb00278.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:agecon:v:9:y:1993:i:4:p:335-346

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