The Impacts of Animal Disease Crises on the Korean Meat Market

Moon-Soo Park, Yanhong H. Jin and David Bessler ()

No 6365, 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Employing the error correction method and historical decomposition with direct acyclic graphs, we quantify the impacts of domestic and oversea animal disease crises on the Korean meat markets. We find that (a) the market partially recovered 16 months after the foot-and-mouth outbreak in 2000, and 13 months after the avian influenza and the U.S. BSE incidents in 2003; (b) animal disease outbreaks have differentiate impacts by disease type and supply chain level. Retailers likely to have windfall profits as the retail price margin increased relative to the farm and wholesale levels; and (c) disease outbreaks affect dynamic price interdependence.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 45
Date: 2008
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Citations: View citations in EconPapers (24)

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Journal Article: The impacts of animal disease crises on the Korean meat market (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea08:6365

DOI: 10.22004/ag.econ.6365

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