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http://dx.doi.org/10.5762/KAIS.2014.15.11.6646

Measuring the Maximum Social Welfare Effects of Outlook Information Service for Fruits Sector in Korea  

Kim, Bae-Sung (Dept. of Applied Economics in JeJu National University Sustainable Agriculture Research Institute Research Institute for Subtropical Agriculture and Animal Biotechnology)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.15, no.11, 2014 , pp. 6646-6651 More about this Journal
Abstract
This study was carried out to find the social welfare effects of agricultural outlook information service for fruit in Korea. The goals of an agricultural outlook information service are to improve the efficiency of the agricultural product market, and stabilize the farmer's income and consumer price. This paper introduces the results of econometric analysis for the effects of social welfare benefits. According to the results of econometric analysis for the citrus industry, the effects of the social welfare benefits were estimated to be 15,228 million KRW on apples (ratio of the total revenue, 1.5%), 3,154 million KRW on pears (ratio of the total revenue, 1.8%), 1,936 million KRW on peaches (ratio of the total revenue, 0.9%), 5,211 million KRW on grapes (ratio of the total revenue, 1.0%), 44,976 million KRW on citrus (ratio of the total revenue, 5.4%), and 2,590 million KRW on sweet persimmon (ratio of the total revenue, 0.8%) in 2012.
Keywords
Fuits; Agricultural Outlook Information Service; Econometric Analysis; Social Welfare Effect;
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