Hostname: page-component-cd9895bd7-jn8rn Total loading time: 0 Render date: 2024-12-26T17:41:43.187Z Has data issue: false hasContentIssue false
  • English
  • Français

Meat Demand in South Korea: An Application of the Restricted Source-Differentiated Almost Ideal Demand System Model

Published online by Cambridge University Press:  28 April 2015

Shida Rastegari Henneberry  and
Seong-huyk Hwang
Shida Rastegari Henneberry
Affiliation:
Department of Agricultural Economics, Oklahoma State University
Seong-huyk Hwang
Affiliation:
Department of Agricultural Economics, Oklahoma State University
Get access Rights & Permissions [Opens in a new window]

Abstract

The first difference version of the restricted source-differentiated almost ideal demand system is used to estimate South Korean meat demand. The results of this study indicate that the United States has the most to gain from an increase in the size of the South Korean imported meat market in terms of its beef exports, while South Korea has the most to gain from this expansion in the pork market. Moreover, the results indicate that the United States has a competitive advantage to Australia in the South Korean beef market. Results of this study have implications for U.S. meat exports in this ever-changing policy environment.

Keywords

AIDSsource differentiationSouth Korean meat demandU.S. competitivenessD12Q17
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 39 , Issue 1 , April 2007 , pp. 47 - 60
Copyright
Copyright © Southern Agricultural Economics Association 2007

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Byrne, P.J., Capps, O. Jr., Tsai, R., and Williams, G.W.. “Policy Implication of Trade Liberalization: The Case of Meat Products in Taiwan and South Korea.” Agribusiness 11,4(1995):297–307.3.0.CO;2-2>CrossRefGoogle Scholar
Capps, O. Jr., Tsai, R., Kirby, R., and Williams, G.W.. “A Comparison of Demands for Meat Products in the Pacific Rim Region.” Journal of Agricultural and Resource Economics 19,1(1994):210–24.Google Scholar
Deaton, A., and Muellbauer, J.. “An Almost Ideal Demand System.” American Economic Review 70(June 1980):312–26.Google Scholar
Dyck, J.H., and Nelson, K.E.. Structure of the Global Markets for Meat. Agricultural Information Bulletin No. 785. Washington, DC: USDA-ERS, September 2003.Google Scholar
Eakins, J.M., and Gallagher, L.A.. “Dynamic Almost Ideal Demand Systems: An Empirical Analysis of Alcohol Expenditure.” Applied Economics 35(2003):1025–36.CrossRefGoogle Scholar
Eales, J., and Unnevehr, L.J.. “Demand for Beef and Chicken Products: Separability and Structural Change.” American Journal of Agricultural Economics 70(August 1988):521–32.CrossRefGoogle Scholar
Hayes, D.J., Ahn, H., and CP. Baumel. “Meat demand in South Korea: A System Estimate and Policy Projections.” Agribusiness 7,5(1991):433–46.3.0.CO;2-K>CrossRefGoogle Scholar
Hayes, D.J., Wahl, T.I., and Williams, G.W.. “Testing Restriction on a Model of Japanese Meat Demand.” American Journal of Agricultural Economics 72(August 1990):556–66.CrossRefGoogle Scholar
Henneberry, S.R., Piewthongngam, K., and Qiang, H.. “Consumer Food Safety Concerns and Fresh Produce Consumption.” Journal of Agricultural and Resource Economics 24,1(1999):98–113.Google Scholar
Johnston, J., and DiNardo, J.. Econometric Methods, 4th ed. New York: McGraw Hill Book Co., 1997.Google Scholar
Jung, J., and Koo, W.W.. “Demand for Meat and Fish Products in Korea.” Journal of Rural Development 25(Winter 2002):133–52.Google Scholar
Kesavan, T., Hassan, Z.A., Jensen, H.H., and Johnson, S.R.. “Dynamic and Long-run Structure in U. S. Meat Demand.” Canadian Journal of Agricultural Economics 41 (1993):139–53.CrossRefGoogle Scholar
Kim, R.B.Y.Unterschultz, J., Veeman, M., and Jelen, P.. “Analysis of the Korean Beef Market: A Study of Hotel Buyers' Perspectives of Beef Imports from Three Major Sources.” Agribusiness 13,4(1997):445–55.3.0.CO;2-Z>CrossRefGoogle Scholar
Koo, W.W., Yang, S.R., and Lee, C.B.. “Estimation of Demand for Meat in Korea.” Journal of Rural Development 16(1993):205–22.Google Scholar
KATI (Korea Agricultural Trade Information). Statistics of Export and Import. Internet site: http://www.kati.net/statistic/tradestat/interiorstat.jsp (Accessed October 2004).Google Scholar
KCS (Korea Customs Service). Statistics of Export and Import. Internet site: http://www.customs.go.kr/hp/cms/pc_000/stat/pcfe_000/pcfe_020/pcfe_020.html (Accessed March 2005).Google Scholar
KREI (Korea Rural Economic Institute). Food Balance Sheet in Korea. Internet site: http://203.255.236.5:8000/kreistats/src/list_l.jsp?pclass = 1 (Accessed May 2005).Google Scholar
McGuirk, A., Driscoll, P., Alwang, J., and Huang, H.. “System Misspecification Testing and Structural Change in the Demand for Meats.” Journal of Agricultural and Resource Economics 20,1(1995):1–21.Google Scholar
Mdafri, A., and Brorsen, B.W.. “Demand for Red Meat, Poultry, and Fish in Morocco: An Almost Ideal Demand System.” Agricultural Economics 9(1993):155–163.CrossRefGoogle Scholar
MAF (Ministry of Agricultural and Forestry). Statistical Database. Internet site: http://www. maf.go.kr/download.tdf?table = &f=/home/WebRoot/www/upload/data/2005/C-7.pdf&fn= C-7.pdf (Accessed June 2005).Google Scholar
Moschini, G., Moro, D., and Green, R.D.. “Maintaining and Testing Separability in Demand Systems.” American Journal of Agricultural Economics 76(February 1994):61–73.CrossRefGoogle Scholar
NACF (National Agricultural Cooperative Federation). Data on Price, Supply and Demand of Livestock Products. Internet site: http://nature.nonghyup.com/jsp/live/animal/livel.jsp (Accessed March 2005).Google Scholar
SAS (Statistical Analysis System). Internet site: http://support.sas.com/onlinedoc/913/geDoc/en/etsug.hlp/xll_sectl.htm (Accessed March 2006).Google Scholar
Thompson, W. “Using Elasticities from an Almost Ideal Demand System? Watch Out for Group Expenditure!” American Journal of Agricultural Economics 86(2004):108–16.CrossRefGoogle Scholar
USDA-ERS (U.S. Department of Agricultural, Economic Research Service). Briefing Room: South Korea. Internet site: http://www.ers.usda.gov/Briefing/SouthKorea/basicinformation.htm (Accessed May 2005).Google Scholar
Wahl, T.I., and Hayes, D.J.. “Demand System Estimation with Upward-Sloping Supply.” Canadian Journal of Agricultural Economics 38(1990):107–22.CrossRefGoogle Scholar
Yang, S.R., and Koo, W.W.. “Japanese Meat Import Demand Estimation with the Source Differentiated AIDS Model.” Journal of Agricultural Resource Economics 19,2(1994):396–408.Google Scholar