AGRICULTURAL POLICY ADJUSTMENTS IN THE KOREAN RICE ECONOMY
Hiroshi Yamauchi and
Yong Dae Kwon
No 271045, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
A political preference function is used to endogenize government actions in a simultaneous equation model that is tested for Korean rice policy. The effects of macroeconomic changes on rice pricing decisions through estimated political weights are validated to open the way for better understanding of policy adjustments in East Asia.
Keywords: Agricultural and Food Policy; Crop Production/Industries; International Development (search for similar items in EconPapers)
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