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Subject

The Welfare Effect of Trade Liberalization on Agriculture Industry Focusing on Korea Rice Industry
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농산물시장 개방화와 사회후생의 변화 - 쌀시장을 중심으로 -

논문 기본 정보

Type
Academic journal
Author
Journal
Association Of Korean Economic Studies Journal of Korean Economics Studies Vol.13 KCI Accredited Journals
Published
2004.12
Pages
111 - 129 (19page)

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The Welfare Effect of Trade Liberalization on Agriculture Industry Focusing on Korea Rice Industry
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Abstract· Keywords

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In this paper we tried to analyze the economic impact of the opening policy of agricultural products market, in which calculated the welfare loss induced by an import quota in the agriculture industry. Applying to the rice market among agricultural products we attempt to estimate a demand and supply function for rice market using simultaneous equation system, which can calculate the loss of the consumer surplus as well as producer surplus arising from the opening policy in rice industry. Since the import quota was an important trade policy in rice industry, we tried to calculate the magnitude of tariffication for the quota imposed on the rice industry using demand and supply model, so that we can easily estimate the welfare loss of quota in rice industry. We can show the empirical result that tariff rate of 401% was equivalent to the 2% of quota in rice domestic market. And then tariff rate of 380% was equivalent to 4% of quota in this market, falling down up to 4% in 2004 year. When quota in rice industry increased progressively from 2.0% up to 4.0%, the welfare loss was reduced from 15.5 billion won in 1999 year to 8.56 billion won in 2004 year, which was induced by the opening policy of rice industry.

Contents

국문초록

Ⅰ. 서론

Ⅱ. 보호무역정책에 의한 쌀시장의 사회후생분석

Ⅲ. 쌀시장의 무역장벽으로 인한 후생손실규모 추정

Ⅳ. 결론 및 정책제언

참고문헌

[Abstract]

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