Download or read book Effects of Trade Liberalization on Agriculture in the Republic of Korea written by Myŏng-hwan Sŏng and published by Regional Co-Ordination. This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Trade Liberalization on Agriculture in the Republic of Korea written by Myŏng-hwan Sŏng and published by Cgprt Centre Regional Co-Ordinat Development of Coarse Grain. This book was released on 1999 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Agricultural Trade Liberalization on Rice Economy in Korea written by Young Wook Kim and published by . This book was released on 1991 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Free Trade Agreements on Trade in Goods in the Agricultural Sector of the Republic of Korea The KORUS FTA and the KOREU FTA written by Alexander Schmid and published by GRIN Verlag. This book was released on 2021-01-11 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2020 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 2,0, Johannes Gutenberg University Mainz (Chair of International Finance), course: Bachelorseminar: Trade Policy: Topics in Trade Policy, language: English, abstract: Over the last twenty years South Korea has signed several free trade agreements, including one with the U.S. in 2007 and one with the E.U. in 2010, which include tariff reductions. This thesis examines the impact of tariff reductions through free trade agreements on the value of imports of a single product representative for the agricultural sector through several regression analyses using a Poisson pseudo maximum likelihood estimator. Besides the two exporters of interest, the European Union and the United States, Canada, Mexico, Chile and Australia complement the data set as reference value. This study starts with a literature review on existing literature on the two free trade agreements and the effects of free trade on the agricultural economy. In chapter three an independent investigation is conducted explaining the background to the two free trade agreements and, more generally, the effects of trade liberalization on the agricultural sector. The following chapter describes the course of the investigation with the explanation of the operational variables and the data using descriptive statistics. The data is used in an estimation model to evaluate the effect of a reduction of tariff rates according to an agreement on the value of imports. The individual components of the estimation model are explained in more detail, followed by a presentation of the results of the estimation using the STATA statistics program. The last chapter concludes the whole investigation, together with considerations on possible further studies of this topic.

Download or read book Three Essays on Trade Liberalization and Korean Agriculture written by Chun Kwon Yoo and published by . This book was released on 2011 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Uruguay Round Agreement on Agriculture (URAA) in 1994, global competition in Korean agricultural markets has significantly increased. The objective of this dissertation is to identify the effects of trade liberalization on productivity and pricing in the Korean rice market (Essay 1 and 2) and on the entire agricultural sector (Essay 3). Rice is the major agricultural commodity in Korean agriculture with Rice Processing Complexes (RPC), i.e. agricultural cooperatives, playing a major role in the rice processing industry. Essays 1 and 2 examine RPCs adjustment to the increasingly competitive market environment. The first essay draws on the emerging heterogeneous-firms trade model to test the hypothesis that trade liberalization forces least productivity firms to exit (extensive margin) and encourages reallocation of resources and market share to high productivity firms (intensive margin) within an industry. The above churning results in an increase in the average productivity of the industry. Results from using plant-level RPC data from 2002-2008 to test the above hypothesis show that international competition via increases in rice import (Minimum Market Access) has the largest effect on RPCs' productivity. In particular, greater competition shifts the left tail of the productivity distribution to the right, increasing the median productivity of the Korean rice processing industry. Thus, the above findings suggest that RPCs, often considered to be quasi-public firms shielded from competition, face significant adjustment following trade liberalization. Economic theory suggests that a key input, i.e. raw product that farmer-members deliver, is treated as given in marketing cooperatives' optimization, unlike in the case of profit maximizing firms. Thus, only if cooperatives minimize the cost of conventional inputs (labor and capital) cost and additionally, set the price of the raw product optimally, their production is efficient. Essay 2 examines RPCs' pricing efficiency, based on the above theory, by incorporating farmers' supply function of raw product (rice) into hypothesized RPCs' optimization framework. Results show that only large RPCs' pricing and thus, production is efficient. For small and medium RPCs, processing size, i.e. realizing economies of scale, is important for their efficiency. The latter finding suggests merger of neighboring small and medium RPCs to both expand supply of raw rice and lower processing costs. In fact, results show that post-merger RPCs have attained pricing efficiency similar to large RPCs. Since 2002, about 20 percent of Korean RPCs have merged adjusting to the competitive market and improving pricing efficiency and overall productivity. In the third essay, the effects of agricultural openness on aggregate agricultural productivity and farmers' welfare in Korea are examined. Results indicate that the openness significantly improves agricultural productivity, with a marked increase following URAA. However, in real terms, farm products' price and net farm business income have declined after trade liberalization. The findings show that agricultural trade liberalization has greatly benefitted Korean consumers, but the net impact on farmers' welfare from productivity growth, real price decline and transfer payments is less clear. The three essays show that Korean agriculture has been adjusting to the increasingly competitive environment in primary and processing sectors, contributing to overall gains for the Korean economy. Encouraging resource reallocation towards more competitive segments of Korean agriculture along with targeted transfer payments to revitalize losers from trade are needed to continue to realize and share gains from trade.

Download or read book Economic Effects of a Korea U S Free Trade Agreement written by Kōzō Kiyota and published by . This book was released on 2007 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Politics of Agricultural trade Liberalization Policy in Korea written by Song Min Kim and published by . This book was released on 1995 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Liberalization of Agricultural Products in Korea written by Won-Ho Suh and published by . This book was released on 1990 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Impact of Trade Liberalization on the Korean Rice Market written by Young Wook Kim and published by . This book was released on 1992 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Agricultural Trade Liberalization and Uneven Development written by Heesun Chung and published by . This book was released on 2000 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Integrated Approach to Agricultural Trade and Development Issues written by Robert Scollay and published by United Nations, Conference on Trade and Development. This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computable general equilibrium (CGE) analysis has been widely used to study the economic effects of trade liberalisation initiatives. The paper reports on the possibility of extending the use of this methodology to explore the link between trade and development. It focuses on the impact of trade liberalisation measures on income distribution. The paper reviews studies of agricultural trade liberalisation within the Asia Pacific Economic Cooperation (APEC) region, but it is suggested that the approach may have a wider application.

Download or read book The Distributional Impact of Agricultural Trade Liberalisation written by Yeon Kim and published by . This book was released on 2000 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Competitive Framing written by Sonia Aggarwal and published by . This book was released on 2016 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost all countries have faced protectionist pressures from their agricultural sector, particularly during trade negotiations. Korea is no exception. This article examines the strategy of competitive framing used by both the farm lobby and Korean government in the context of the Korea-US Free Trade (KORUS) negotiations. Farmers have framed their efforts by appealing to survival, cultural and health advocacy, and the need to resist foreign domination. In its own framing, the government has emphasized Korea's global economic and security position. Although framing has been essential as strategies by both parties, the government has also overcome resistance by reorganizing the government to gain the upper hand in the bureaucracy and compensating farmers to allow negotiations to move forward.

Download or read book Benefits and Challenges Facing Asia Pacific Agricultural Trading Countries in the Post Uruguay Round Period written by United Nations. Economic and Social Commission for Asia and the Pacific and published by . This book was released on 1995 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Trade Liberalization on Agriculture in Pakistan written by M. Ramzan Akhtar and published by Regional Co-Ordination. This book was released on 1998 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Trade Liberalization on Agriculture in Asia written by Michio Kanai and published by . This book was released on 2000 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Implications of Agricultural Trade Liberalization for the Developing Countries written by Antonio Salazar Pessôa Brandão and published by World Bank Publications. This book was released on 1993 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global trade liberalization-- reducing both negative and positive protection in line with the Dunkel proposal-- would gain developing countries an estimated $60 billion a year.