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Demand For Meat And Fish Products In Korea

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  • Jung, Jione
  • Koo, Won W.

Abstract

The Korean livestock industry is currently facing the critical challenge of the market liberalization trend under the World Trade Organization. This study analyzes the consumption behavior of meat and fish products in Korea, by estimating the Linear Approximate Almost Ideal Demand System (LA/AIDS). The empirical results indicate that beef imports in Korea would increase in the future under trade liberalization. If cheap and better quality imported beef are introduced to Korean consumers, Hanwoo (Korean domestic cattle) beef would not maintain its market share. Key words: Meat, fish, trade liberalization, per capita consumption, demand, separability, and price elasticity.

Suggested Citation

  • Jung, Jione & Koo, Won W., 2002. "Demand For Meat And Fish Products In Korea," 2002 Annual meeting, July 28-31, Long Beach, CA 19895, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19895
    DOI: 10.22004/ag.econ.19895
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    References listed on IDEAS

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    4. Koo, Won W. & Seung-Ryong. Yang & Chang-Buhm, Lee, 1993. "Estimation of Demand for Meat in Korea," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 16(1), December.
    5. Eales, James S. & Roheim, Cathy A., 1999. "Testing Separability Of Japanese Demand For Meat And Fish Within Differential Demand Systems," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(1), pages 1-13, July.
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    Cited by:

    1. Tey, (John) Yeong-Sheng & Shamsudin, Mad Nasir & Mohamed, Zainalabidin & Abdullah, Amin Mahir & Radam, Alias, 2008. "Demand for meat products in Malaysia," MPRA Paper 15034, University Library of Munich, Germany.

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    Keywords

    Demand and Price Analysis;

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