Browse > Article
http://dx.doi.org/10.7744/cnujas.2011.38.2.393

The analysis on the effects of change of international grain price on the processed food price in Korea  

Kim, Soung-Hun (Dept. of Agricultural Economics, Chungnam National University)
Kim, Bae-Sung (Korea Rural Economic Institute)
Choi, Ji-Hyeon (Korea Rural Economic Institute)
Publication Information
Korean Journal of Agricultural Science / v.38, no.2, 2011 , pp. 393-404 More about this Journal
Abstract
The international grain price shows dramatic change, which results in the price change of Korean processed food. Recently, Korean government and consumers started discussing about the effects of change of international grain price on the processed food. However, few studies have analyzed this effects. The goal of this paper is to analyze the effects of price change of international grain, especially wheat, soybean, and sugarcane, on the processed food price in Korea. As the results of analysis, three findings are presented: First, the size and timelag of the effects of change of international grain price on the processed food price is different due to products, Second, there is the possibility that processed food price in Korea will increase, Third, Korean government has some methods to manage the price change of processed food, even though government cannot totally control the price.
Keywords
Price of international grain; Korean processed food price; Exogenous distributed lag model;
Citations & Related Records
연도 인용수 순위
  • Reference
1 Bank of Korea. 2011. Accessed on 15 April 2011 in http:// www.bok.or.kr.
2 Chicago Board of Trade. 2011. Accessed on 15 April 2011 in http://www.cbot.com.
3 New York Board of Trade. 2011. Accessed on 15 April 2011 in http://www.nybot.com.
4 Journal of Food. 2008-2011. Yearbook for Korean Food Marketing. [in Korean]
5 Kim BR, Lee MK, YU CH. 2008 The Analysis and Strategy about Agflation. Korea Rural Economic Institute. [in Korean]
6 KOSIS. 2011. Accessed on 15 April 2011 in http://www. kosis.kr.