Research Reports
A Study for performance evaluation of the Korea Agricultural Outlook Model, KREI-ASMO
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AuthorKim, Baesung
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Publication Date2005.12.01
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Original
KREI-ASMO (Korea Agricultural Simulation Model) was developed by the Korea Rural Economic Institute (KREI) in 1995 and has been used to produce mid-term and long-term outlooks of the Korean agricultural sector and to analyze various alternative policies. This model is a partial equilibrium model and a dynamic ex-anti simulation model for the Korean agricultural sector.
KREI has renewed the statistical data-sets year by year and has improved the structure of the model to facilitate the role of KREI-ASMO.
The model has been applied as useful quantitative analysis tool to forecast demand-supply situation by commodity as well as to make agricultural outlook and to estimate and analyze various policies during past 10 years.
In this context, this study has been carried out for performance evaluation of the model. And we suggested several items for specification of more robust model and more effective outlook scheme in KREI.
Researchers: Bae-Sung Kim, Young-Ho Lee, and Byong-Hoon Lee
e-mail Address: bbskim@krei.re.kr, gonlee77@krei.re.kr, shopper@krei.re.kr
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