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http://dx.doi.org/10.5322/JESI.2014.4.707

Economic Impacts of Abnormal Climate on Total Output of Red Pepper  

Cho, Jae-Hwan (Department of Agricultural Economics, Pusan National University)
Suh, Jeong-Min (Department of Bio-Environmental Energy, Pusan National University)
Kang, Jum-Soon (Department of Horticultural Bioscience, Pusan National University)
Hong, Chang-Oh (Department of Life Science and Environmental Biochemistry, Pusan National University)
Lim, Woo-Taik (Department of Applied Chemistry, Andong National University)
Shin, Hyun-Moo (Department of Environmental Engineer, Kyungsung University)
Kim, Woon-Won (Department of Surgery, University of Inje College of Medicine, Haeundae Paik Hospital)
Publication Information
Journal of Environmental Science International / v.23, no.4, 2014 , pp. 707-713 More about this Journal
Abstract
The purpose of this article is analyzing the economic impacts of abnormal climate on total revenue of red pepper in Korea, with employing the equilibrium displacement model. Our simulation results show the rate of yield change, price change, and total revenue change according to the climate change scenarios. In th case of by RCP 8.5 Scenario, red pepper production volume would be expected to decrease by 77.2% compared to 2012 while price increasing by 29.6%. As a result, total revenue to be returned to farmers would be reduced by 47.6% than it was in 2012. In contrast, total revenue would be expected to decline by 29.6% according to RCP 4.5 scenario.
Keywords
Equilibrium displacement model; Economic impacts; Abnormal climate; Red pepper; Total revenue;
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Times Cited By KSCI : 1  (Citation Analysis)
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