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

Dermot Hayes, Hyungdo Ahn and C. Phillip Baumel
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Hyungdo Ahn: Department of Economics, Iowa State University, Postal: Department of Economics, Iowa State University
C. Phillip Baumel: Department of Economics, Iowa State University, Postal: Department of Economics, Iowa State University

Agribusiness, 1991, vol. 7, issue 5, 433-446

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.

Date: 1991
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Working Paper: Meat Demand in South Korea: A Systems Estimate and Policy Projections (1991)
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Persistent link: https://EconPapers.repec.org/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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