Implications of the South Korea-U.S. Free Trade Agreement on South Korean Dairy Product Imports
Keithly Jones () and
No 124823, 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington from Agricultural and Applied Economics Association
This study empirically estimates the South Korean short-run and long-run import demand parameters for source-based dairy products and assess the impacts of the KORUS FTA on dairy product trade. These estimates were derived using a Central Bureau of Statistics (CBS) demand system. The impact of the tariff reductions associated with the free trade agreement was calculated. Based on the results, it appears that the free trade agreements open up the South Korean dairy product markets primarily by reducing prices which in turn increases competition among possible suppliers and results in an overall expansion of dairy product imports.
Keywords: International Relations/Trade; Livestock Production/Industries; Research Methods/ Statistical Methods (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea12:124823
Access Statistics for this paper
More papers in 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington from Agricultural and Applied Economics Association Contact information at EDIRC.
Series data maintained by AgEcon Search ().