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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
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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

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