축산물가격의 동태적 조정과 시사점

• 영문명: Dynamics of Pork Price and Its Policy Implications
• 발행기관: 한국농업경제학회
• 저자명: 이병기(Byoung ki Lee)
• 간행물 정보: 『농업경제연구』42권 1호, 63~84쪽, 전체 22쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2001.03.30

영문 초록

The paper aims to empirically analyse the dynamics of pork prices and its policy implications for the period 1983 to 1999, and will present policy implications accordingly. Incomplete price information for the meat distorts the farmer`s decision making on the livestock production and increases the possibility of resource misallocation. The interrelationships among variables and the dynamic adjustment to various disturbances in the pork price system can be understood by examining variance decompositions and impulse response functions(IRFs) based on Vector Error Correction Model (VECM). The results of variance decompositions indicate that price shock of young pig, pork, beef and hog feed on price of pork accounts for 53.5, 35.6, 6.6, and 1.1 per cent in the 1 year, respectively. And according to estimated IRFs, one standard deviation shock to innovation in price of hog feed, beef, and young pig seem to have permanent effects on pork price, but the shocks of the number of hog breeding and hog slaughter on pork price seem to be have a transitory effects.

목차

ABSTRACT

Ⅰ. 서론

Ⅱ. 축산물가격의 동태적 조정

Ⅲ. 분석방법 및 자료

Ⅳ. 분석결과

Ⅴ. 요약 및 결론

참고문헌

키워드

Price Information Vector error correction model Variance decomposition Impulse response function