Research Reports
KREI publishes reports through medium- and long-term research related to agricultural and rural policies, and through studies in various fields to promptly respond to current issues.
Modelling of KREI-COMO 2005
2006.01.01
60149
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AuthorLee, Yongsun
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Publication Date2006.01.01
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Original
This study is to improve the commodity outlook model of the Korea Rural Economic Institute, i.e. KREI-COMO, which was developed to produce mid- and long-term forecasts of demand, supply and price of each commodity.
This study renews the statistical and market data sets and re-estimates the model. It improves the structure of the KREI-COMO to modify functional forms and change variables. The model consists of acreage response functions, yield functions, and price flexibility functions. In particular, the KREI-COMO 2005 includes import demand functions.
Researchers: Lee Yong-Sun, Sim Song-Bo
E-mail address: yslee@krei.re.kr, simsb@krei.re.kr
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