콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Macroeconomics

Print

Alternative agricultural pricing policies in the Republic of Korea : their implications for government deficits, income distribution, and balance of payments (English)

Related Document
Frame of Image
  • Alternative agricultural pricing policies in the Republic of Korea : their implications for government deficits, income distribution, and balance of payments (English)
  • Braverman, A.; Ahn, C.; Hammer, J.
  • World Bank (WB)


link
Title Alternative agricultural pricing policies in the Republic of Korea : their implications for government deficits, income distribution, and balance of payments (English)
Similar Titles
Material Type Reports
Author(English)

Braverman, A.; Ahn, C.; Hammer, J.

Publisher

World Bank (WB)

Date 1983
ISBN 0-8213-0275-2
Language English
File Type Link
Subject Economy < Macroeconomics

Abstract

The purpose of this paper is to evaluate quantitatively the impact of alternative pricing policies, aimed at reducing the deficits in the Grain Management Fund and the Fertilizer Fund in Korea. In comparing these alternatives, we measure their impact on: (i) production and consumption of rice and barley, (ii) real income distribution, including the income distribution in both rural and urban sectors, (iii) import levels of rice, (iv) self-sufficiency in rice, and (v) the public budget. The standard operational methods for evaluating agricultural pricing policies are insufficient for adequately answering all the questions posed above. The operational methodology developed extends the consumer-producer surplus method to include income distribution and some general equilibrium considerations at the cost of further complexity but short of a full detailed general equilibrium analysis. The two sector multimarket model endogenously generates incomes in the rural sector, while the incomes of urban residents are exogenously given. This may be viewed as a synthesis of the work on agricultural households models and the new public economics literature.