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Agricultural Policy Adjustments In The Korean Rice Economy

Author

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  • Yamauchi, Hiroshi
  • Kwon, Yong Dae

Abstract

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.

Suggested Citation

  • Yamauchi, Hiroshi & Kwon, Yong Dae, 1990. "Agricultural Policy Adjustments In The Korean Rice Economy," 1990 Annual meeting, August 5-8, Vancouver, Canada 271045, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea90:271045
    DOI: 10.22004/ag.econ.271045
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    References listed on IDEAS

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    4. Margaret S. Andrews & Gordon C. Rausser, 1986. "Some Political Economy Aspects of Macroeconomic Linkages with Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(2), pages 413-417.
    5. Zusman, Pinhas, 1976. "The Incorporation and Measurement of Social Power in Economic Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(2), pages 447-462, June.
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