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MEASURING THE IMPACTS OF TRADE LIBERALIZATION FOCUSING ON THE EFFECTS OF PROCESSED GOODS ON RAW MATERIAL MARKETS: AN APPLICATION TO THE DAIRY SECTOR IN KOREA

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주제분류경제학

초록

The paper presents an economic analysis of the effects of trade liberalization on a processed industry focusing on the effects of processed goods on raw material markets. We develop a partial equilibrium model allowing for measuring such indirect effects. The model is applied to analyze the effects of Korea-U.S. FTA on dairy industry in Korea. The simulation analysis provides useful insights on the impacts of Korea-U.S. FTA when measuring the effects trade liberalization on a processed industry is of interest.

Abstract

The paper presents an economic analysis of the effects of trade liberalization on a processed industry focusing on the effects of processed goods on raw material markets. We develop a partial equilibrium model allowing for measuring such indirect effects. The model is applied to analyze the effects of Korea-U.S. FTA on dairy industry in Korea. The simulation analysis provides useful insights on the impacts of Korea-U.S. FTA when measuring the effects trade liberalization on a processed industry is of interest.

참고문헌 (13)

  1. Alston, J. M, "Science under Scarcity" (1995), CAB International
  2. Balagtas, Joseph V, "Measuring the Effects of Generic Dairy Advertising in a Multi-market Equilibrium", American Journal of Agricultural Economics, 89(4) (2007)
  3. Choi, Sei-Kyun, "Korea-U.S. FTA: Effects and Strategies in the Agricultural Sector" (2006), Korea Rural Economic Institute
  4. Choi, Sei-Kyun, "Study of the effects of Korea-U.S. FTA and Countermeasure" (2007), Korea Rural Economic Institute
  5. Gardner, B. L, "The Economics of Agricultural Polices" (1987), Macmillan
  6. 김성훈 Kim, Soung-Hun, "한·미 FTA가 유가공품 시장에 미치는 영향 분석: 치즈 및 버터 시장을 중심으로", 농촌경제, 31(4), pp.151~167 (2008), 한국농촌경제연구원
  7. Kwak, Chang-keun, "Analysis about the effects of Korea-U.S. FTA on Korean Food Industry", Paper Presented at the Seminar of KFRI (2007)
  8. Muth, R. E, "The Derived Demand Curve for a Productive Factor and the Industry Supply Curve", Oxford Economic Papers, 16 (1964)
  9. Song, Joo Ho, "A Study on the Analysis of the Milk Demand and Supply Management System in Korea" (2005), Korea Rural Economic Institute
  10. Song, J, "Dairy demand, supply and policy in Korea: potential for international trade", Canadian Journal of Agricultural Economics, 47(5) (1999)
  11. Sumner, D. A, "Implications of Trade Reform for Agricultural Markets in Northeast Asia: a Korea Example", Agricultural Economics, 21 (1999)
  12. United States International Trade Commission, "U.S.-Korea FTA: The Economic Impact of Establishing a Free Trade Agreement (FTA) Between the United States and the Republic of Korea" (2001), USITC Publication
  13. United States International Trade Commission, "U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects" (2007), USITC Publication

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