CONTENTS
Ⅰ. Introduction
Ⅱ. Korean Meat and Fish
Industries
Ⅲ. Empirical Model and Estimation Procedure
Ⅳ. Estimation
Results
Ⅴ. Summary and Conclusions
ABSTRACT
The Korea livestock industry is currently facing the critical challenge
of the market liberalization trend under the World Trade Organization. This
study analyzes the consumption behavior of meat and fish products in Korea, by
estimating the Linear Approximate/Almost Ideal Demand System(LA/AIDS) for Korean
meat and fish products.
The empirical results indicate that beef
imports in Korea would increase in the future under trade liberalization. If
cheap and better quality imported beef is introduced to Korean consumers, Hanwoo
beef would not be able to maintain its market share.
