MEASURING THE IMPACTS OF TRADE LIBERALIZATION FOCUSING ON THE EFFECTS OF PROCESSED GOODS ON RAW MATERIAL MARKETS: AN APPLICATION TO THE DAIRY SECTOR IN KOREA

다국어 초록 (Multilingual Abstract)

The paper presents an economic analysis of the effects of trade liberalization on a processed industry focusing on the effects of processed goods on raw material markets. We develop a partial equilibrium model allowing for measuring such indirect effects. The model is applied to analyze the effects of Korea-U.S. FTA on dairy industry in Korea. The simulation analysis provides useful insights on the impacts of Korea-U.S. FTA when measuring the effects trade liberalization on a processed industry is of interest.

참고문헌 (Reference)

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