A Measurement on the Impact of Jeju Pork by KOR-USA FTA
Kim Chung‐hyeon, Bae-Sung Kim, Seong-Bo Ko · Advanced science and technology letters · 2015
The aim of this study is to measure the impact on KORUS FTA in Jeju pork related industry. For the purpose, the supply-demand Simulation model is developed. And the baseline projection (2016-2020) and simulation results are introduced. The model is built dynamic recursive simulation model form to facilitate the analysis of changes in government policies, and each behavioral equation of this model is estimated by ordinary least squares method of econometric techniques. The result of analysis on impact of Jeju pork using the model is predicted to be 51.2 billion for 5 years.