무역학회지 (Korea Trade Review)

한국무역학회 (Korea Trade Research Association)
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아밍턴 탄성치를 활용한 수입 수산물의 가격과 선호도 분석

Price and Preference of Fisheries Imports : Utilization of Armington Elasticity

  • 임병호 (한국해양수산개발원 수산연구본부)
  • Byeong-Ho Lim (Korea Maritime Institute, Fisheries Policy Research Division)
  • 투고 : 2021.08.07
  • 심사 : 2021.08.29
  • 발행 : 2021.08.30
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초록

Armington elasticity has been a methodology for analyzing how much imports could increase in response to importing price cuts, assuming the possibility of incomplete substitution of domestic and imported products. This study calculates Armington elasticity values in Korean fisheries sector and presents an analysis method for classifying items based on price and preference differences. The model is modified reflecting the characteristics of the fisheries market along with the typical OLS, PAM, and ECM models. The result's implication is that products with a high import growth rate do not necessarily show a high Armington value, but it could be seen that price is not the only factor facilitating fisheries imports increase. Considering the items of which demand increases due to importing price cuts have an indiscriminate demand between domestic and imported products, the results could be interpreted that the Korean fisheries importing market has been easily affected by the changes in import prices. Fisheries grouping by price and preference demonstrates that explanatory variables other than price should be considered when estimating import demand.

키워드

과제정보

This work is based on "Korea-Cambodia FTA Effects Analysis('21.5.~'21.9.)" of Korea Maritime Institute

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