IDEAS home Printed from https://ideas.repec.org/a/kea/keappr/ker-20101231-26-2-05.html
   My bibliography  Save this article

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

Author

Listed:
  • Sounghun Kim

    (Chungnam National University)

  • Donghwan An

    (Seoul National University)

  • Kwansoo Kim

    (Seoul National University)

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.

Suggested Citation

  • Sounghun Kim & Donghwan An & Kwansoo Kim, 2010. "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," Korean Economic Review, Korean Economic Association, vol. 26, pages 341-360.
    • Handle: RePEc:kea:keappr:ker-20101231-26-2-05
    as

    Download full text from publisher

    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-20101231-26-2-05.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daniel A. Sumner & Hyunok Lee & Daniel G. Hallstrom, 1999. "Implications of trade reform for agricultural markets in northeast Asia: a Korean example," Agricultural Economics, International Association of Agricultural Economists, vol. 21(3), pages 309-322, December.
    2. JooHo Song & Daniel A. Sumner, 1999. "Dairy Demand, Supply and Policy in Korea: Potential for International Trade," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 47(5), pages 133-142, December.
    3. Joseph V. Balagtas & Sounghun Kim, 2007. "Measuring the Effects of Generic Dairy Advertising in a Multi-Market Equilibrium," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 932-946.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee, Hyunok & Sumner, Daniel A. & Ahn, Byeong-il, 2006. "Consequences of further opening of the Korean dairy market," Food Policy, Elsevier, vol. 31(3), pages 238-248, June.
    2. Bai, Junfei & Wahl, Thomas I. & McCluskey, Jill J., 2008. "Fluid milk consumption in urban Qingdao, China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(2), pages 1-15.
    3. Metin Cakir & Joseph V. Balagtas, 2010. "Econometric evidence of cross-market effects of generic dairy advertising," Agribusiness, John Wiley & Sons, Ltd., vol. 26(1), pages 83-99.
    4. Kimhi, Ayal & Rubin, Ofir D., 2006. "Assessing The Response Of Farm Households To Dairy Policy Reform In Israel," Discussion Papers 7134, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    5. Melissa G. S. McKendree & Glynn T. Tonsor & Ted C. Schroeder & Nathan P. Hendricks, 2020. "Impacts of Retail and Export Demand on United States Cattle Producers," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 866-883, May.
    6. Zhou, Zhang-Yue & Tian, Wei-Ming & Zhou, Jun-Lin, 2002. "The Emerging Dairy Economy in China: Production, Consumption and Trade Prospects," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 174063, Australian Agricultural and Resource Economics Society.
    7. McKendree, Melissa G.S. & Tonsor, Glynn T. & Schroder, Ted C. & Hendricks, Nathan P., 2017. "Changing Impacts of Beef Demand on Cattle Producers," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252730, Southern Agricultural Economics Association.
    8. Tozooneyi, Takesure & Pendell, Dustin L. & Rushton, Jonathan, 2023. "Potential economic welfare impacts of the African Swine Fever virus on the U.S. pork supply chain," 2023 Annual Meeting, July 23-25, Washington D.C. 335872, Agricultural and Applied Economics Association.
    9. Dong, Fengxia, 2006. "The outlook for Asian dairy markets: The role of demographics, income, and prices," Food Policy, Elsevier, vol. 31(3), pages 260-271, June.
    10. Hanjoon M. Jung & Abid A Burki & Mushtaq A Khan, 2012. "Supply of Dairy Products in Developing Countries," Economics Bulletin, AccessEcon, vol. 32(4), pages 3213-3223.
    11. Beghin, John C., 2006. "Evolving dairy markets in Asia: Recent findings and implications," Food Policy, Elsevier, vol. 31(3), pages 195-200, June.
    12. Rickard, Bradley J., 2015. "On the political economy of guest worker programs in agriculture," Food Policy, Elsevier, vol. 52(C), pages 1-8.
    13. Glynn Tonsor & Ted Schroeder, 2015. "Market impacts of E. Coli vaccination in U.S. Feedlot cattle," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 3(1), pages 1-15, December.
    14. Ma, Hengyun & Rae, Allan N., 2004. "Projections of Dairy Product Consumption and Trade Opportunities in China," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 12.
    15. Fathi, Fatemeh & Bakhshoodeh, Mohammad, 2021. "Economic and environmental strategies against targeting energy subsidy in Iranian meat market: A game theory approach," Energy Policy, Elsevier, vol. 150(C).
    16. Oh Sang Kwon & Hyunok Lee, 2004. "Productivity improvement in Korean rice farming: parametric and non‐parametric analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 323-346, June.
    17. Kwon, Oh Sang & Lee, Hyunok, 2004. "Productivity improvement in Korean rice farming: parametric and non-parametric analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 1-24.
    18. Rickard, Bradley J., 2014. "On the Political Economy of Guest Worker Programs in Agriculture," Working Papers 180139, Cornell University, Department of Applied Economics and Management.
    19. Alston, Julian M. & Sumner, Daniel A. & Balagtas, Joseph Valdes & Brunke, Henrich, 2004. "Economic Implications Of The Australia-U.S. Free Trade Agreement For U.S. Dairy Markets And Domestic Dairy Farm Programs," 2004 Annual meeting, August 1-4, Denver, CO 20164, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Zhang, Wei, 2021. "California's Climate Policy and the Dairy Manufacturing Industry: How Does a Federal Milk Marketing Order Matter?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 46(3), September.

    More about this item

    Keywords

    trade liberalization; food industry; Korea-U.S. FTA;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kea:keappr:ker-20101231-26-2-05. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: KEA (email available below). General contact details of provider: https://edirc.repec.org/data/keaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.