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An Econometric Analysis Of Demand For Meat And Fish Products In Korea

Author

Listed:
  • Jung, Jione
  • Koo, Won W.

Abstract

This study analyzes the structure of Korean meat and fish product demand. The Linear Approximate Almost Ideal Demand System (LA/AIDS) is used to estimate Korean meat and fish demand. Since the expenditure term is endogenous, the three-stage least squares (3SLS) estimator is used to estimate the demand system. Empirical results indicate that beef imports would increase with increases in per capita income. If imported beef becomes less expensive as a result of the trade liberalization policy adopted by the Korean government, Hanwoo beef would not be competitive and could lose its market share. Pork and chicken would be able to maintain market shares, but most fish products would lose market shares.

Suggested Citation

  • Jung, Jione & Koo, Won W., 2000. "An Econometric Analysis Of Demand For Meat And Fish Products In Korea," Agricultural Economics Reports 23122, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23122
    DOI: 10.22004/ag.econ.23122
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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.
    2. Park, Hongsin & Kaya, Ozgur & Gunter, Lewell F., 2006. "The International Location of Pork Production," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35403, Southern Agricultural Economics Association.
    3. Zijun Wang & David A. Bessler, 2006. "Price and quantity endogeneity in demand analysis: evidence from directed acyclic graphs," Agricultural Economics, International Association of Agricultural Economists, vol. 34(1), pages 87-95, January.
    4. Speers, Ann E. & Besedin, Elena Y. & Palardy, James E. & Moore, Chris, 2016. "Impacts of climate change and ocean acidification on coral reef fisheries: An integrated ecological–economic model," Ecological Economics, Elsevier, vol. 128(C), pages 33-43.
    5. Baek, Ji Won, 2016. "The effects of the Internet and mobile services on urban household expenditures: The case of South Korea," Telecommunications Policy, Elsevier, vol. 40(1), pages 22-38.
    6. Motallebi, Marzieh & Pendell, Dustin L., 2013. "Estimating an Almost Ideal Demand System Model for Meats in Iran," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150188, Agricultural and Applied Economics Association.
    7. Shashika D. Rathnayaka & Saroja Selvanathan & E. A. Selvanathan, 2021. "Demand for animal‐derived food in selected Asian countries: A system‐wide analysis," Agricultural Economics, International Association of Agricultural Economists, vol. 52(1), pages 97-122, January.

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