콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology Agriculture

Print

Benefits and costs of agricultural protection in Korea

Related Document
Frame of Image


Full Text
Title Benefits and costs of agricultural protection in Korea
Similar Titles
Material Type Articles
Author(English)

Vincent, David; Lee, Honggue

Publisher

[Seoul]:Korea Institute for International Economic Policy

Date 1997
Journal Title; Vol./Issue Journal of East Asian Economic Integration:
Pages 35
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Agriculture
Holding KIEP

Abstract

By connecting the agricultural sector and other sectors of the economy general equilibrium model simulation calculation, results show that the protection policy in the agricultural sector is not only a burden on household spending, but also can reduce national income. If we lower the level of agricultural protection to the half of current level, the real income of Korea will increase 0.3 percentage points and South Korean household expenditures in the actual consumption will increase by 1 percentage point. Agricultural protection policy makes export-oriented manufacturing shrinking. If we ease or withdraw the policy of suppression farm income we can increase the export point to the type of international competitiveness of the manufacturing sector, thereby increasing the manufacturing sector, production, raise incomes and increase employment opportunities GATP model simulation results show that if Korea abandons agricultural protection, there will not be so much effect on its major trading partner-America and Australia. (The rest omitted)