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Impact Of Increased Imports Of Agricultural Products Due To Ftas On Domestic Price Decline

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  • Jeong, Min-kook
  • Moon, Hanpil
  • Song, Woo-jin

Abstract

The purpose of this paper is to propose a method of estimating the import contribution rate. The import contribution is a factor that should be considered in calculating the direct payment for damage. The decline in prices is caused by the combination of various factors. In this case, the decomposition of various factors can confirm the price drop due to the increase in imports. To this end, we set up a partial equilibrium model for individual markets and decompose various factors contributing to the price decline using the equilibrium displacement model. Various types of elasticities are needed to calculate the import contribution rate derived from EDM. Because elasticity has a wide spectrum depending on the purpose of the study or the data used, a cautious approach is needed to obtain objective figures.

Suggested Citation

  • Jeong, Min-kook & Moon, Hanpil & Song, Woo-jin, 2017. "Impact Of Increased Imports Of Agricultural Products Due To Ftas On Domestic Price Decline," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 40(Special, ), December.
    • Handle: RePEc:ags:jordng:266402
    DOI: 10.22004/ag.econ.266402
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    1. S. N. Kulshreshtha & A. G. Wilson, 1972. "An Open Econometric Model of the Canadian Beef Cattle Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 84-91.
    2. J. W. Freebairn & Gordon C. Rausser, 1975. "Effects of Changes in the Level of U.S. Beef Imports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 676-688.
    3. Enrique R. Arzac & Maurice Wilkinson, 1979. "A Quarterly Econometric Model of United States Livestock and Feed Grain Markets and Some of Its Policy Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 297-308.
    4. Thomas W. Hertel & Marinos E. Tsigas, 1988. "Tax Policy and U.S. Agriculture: A General Equilibrium Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(2), pages 289-302.
    5. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-1051, September.
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