• 제목/요약/키워드: partial equilibrium market model

검색결과 16건 처리시간 0.023초

부분균형 시장모델에 의한 밤 수급 예측 (Forecasting of Chestnut's Supply and Demand by the Partial Equilibrium Market Model)

  • 정병헌;김의경;주린원
    • 한국산림과학회지
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    • 제97권4호
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    • pp.458-466
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    • 2008
  • 본 연구는 장기 밤수급 예측과 국내외 시장여건 변화가 국내 밤시장에 미치는 영향을 분석하기 위하여 수행되었다. 이를 위해 본 연구에서는 생밤시장과 깐밤시장을 상호 수직적으로 연결하는 부분균형모델을 개발하였다. 개발된 모델의 내생변수에 대한 예측능력을 측정하기 위하여 1990년부터 2003년까지 사후예측을 실시하였다. 전반적으로 신규재배면적 및 폐기면적을 제외하고는 모든 내생변수들에 대한 모델의 예측오차가 낮았다. 수급예측 결과 국내 생밤생산량은 2005년에 76,447톤에서 2020년에는 76,286톤으로 약간 감소할 것으로 예측되었으며, 일본으로 수출되는 깐밤의 양은 지속적으로 감소할 것으로 예측되었다.

An Analysis of the Impact of Climate Change on the Korean Onion Market

  • BAEK, Ho-Seung;KIM, In-Seck
    • 산경연구논집
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    • 제11권3호
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    • pp.39-50
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    • 2020
  • Purpose: Agriculture, which is heavily influenced by climate conditions, is one of the industries most affected by climate change. In this respect, various studies on the impact of climate change on the agricultural market have been conducted. Since climate change is a long-term phenomenon for more than a decade, long-term projections of agricultural prices as well as climate variables are needed to properly analyze the impact of climate change on the agricultural market. However, these long-term price projections are often major constraints on studies of climate changes. The purpose of this study is to analyze the impacts of climate changes on the Korean onion market using ex-post analysis approach in order to avoid the difficulties of long-term price projections. Research design, data and methodology: This study develops an annual dynamic partial equilibrium model of Korean onion market. The behavioral equations of the model were estimated by OLS based on the annual data from 1988 to 2018. The modelling system is first simulated to have actual onion market conditions from 2014 to 2018 as a baseline and then compared it to the scenario assuming the climatic conditions under RCP8.5 over the same period. Scenario analyses were simulated by both comparative static and dynamic approach to evaluate the differences between the two approaches. Results: According to the empirical results, if the climate conditions under RCP8.5 were applied from 2014 to 2018, the yield of onion would increase by about 4%, and the price of onion would decrease from 3.7% to 17.4%. In addition, the average price fluctuation rate over the five years under RCP8.5 climate conditions is 56%, which is more volatile than 46% under actual climate conditions. Empirical results also show that the price decreases have been alleviated in dynamic model compared with comparative static model. Conclusions: Empirical results show that climate change is expected to increase onion yields and reduce onion prices. Therefore, the appropriate countermeasures against climate change in Korean onion market should be found in the stabilization of supply and demand for price stabilization rather than technical aspects such as the development of new varieties to increase productivity.

Policy evaluation of the rice market isolation system and production adjustment system

  • Dae Young Kwak;Sukho Han
    • 농업과학연구
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    • 제50권4호
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    • pp.629-643
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    • 2023
  • The purpose of this study was to examine the effectiveness and efficiency of a policy by comparing and analyzing the impact of the rice market isolation system and production adjustment system (strategic crops direct payment system that induces the cultivation of other crops instead of rice) on rice supply, rice price, and government's financial expenditure. To achieve this purpose, a rice supply and demand forecasting and policy simulation model was developed in this study using a partial equilibrium model limited to a single item (rice), a dynamic equation model system, and a structural equation system that reflects the casual relationship between variables with economic theory. The rice policy analysis model used a recursive model and not a simultaneous equation model. The policy is distinct from that of previous studies, in which changes in government's policy affected the price of rice during harvest and the lean season before the next harvest, and price changes affected the supply and demand of rice according to the modeling, that is, a more specific policy effect analysis. The analysis showed that the market isolation system increased government's financial expenditure compared to the production adjustment system, suggesting low policy financial efficiency, low policy effectiveness on target, and increased harvest price. In particular, the market isolation system temporarily increased the price during harvest season but decreased the price during the lean season due to an increase in ending stock caused by increased production and government stock. Therefore, a decrease in price during the lean season may decrease annual farm-gate prices, and the reverse seasonal amplitude is expected to intensify.

양식 넙치 중장기 시장 규모 추정 (An Estimation on the Market Size of Aqua-cultured Flatfish in Korea)

  • 김배성;김충현;조재환;이남수
    • 한국산학기술학회논문지
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    • 제16권11호
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    • pp.7781-7787
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    • 2015
  • 본 논문은 국내 양식 넙치 중장기 시장 규모 추정을 위해 구축된 수급전망모형을 개발한 내용과 이 모형을 이용하여 2015년-2017년 기간에 대해 시장 규모(수급 및 가격)를 예측한 내용을 소개하고 있다. 양식 넙치 수급전망모형은 단일품목 부분균형모형이며 동태 축차적 시뮬레이션 모형으로 개발되었고, 모형내 각 행태방정식은 계량경제학 방법을 이용하여 추정되었다. 중 장기 시장 규모 전망에 앞서 모형의 예측정확도는 RMSPE, MAPE, Theil의 불균등계수를 기준으로 검토되었다. 예측력 검토결과, 양식면적, 양성물량, 출하량, 도매가격은 모두 4% 이내의 양호한 오차율을 보였다. 국내 양식 넙치 시장 규모 전망결과, 생산량은 2015년 37,445톤, 2017년 42,561톤에 이를 것으로 전망되었고, 산지가격은 2015년 9,226원(1kg 기준), 2017년 10,191원될 것으로 전망되었다.

수급모형을 이용한 양식넙치의 생산 및 출하조절 효과분석 (An Analysis of Production and Marketing Control Effect of Aqua-cultured Flounder Using Supply and Demand Models)

  • 고봉현
    • 수산경영론집
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    • 제47권4호
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    • pp.65-75
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    • 2016
  • The purpose of this study was to analyze the production and marketing control effects of aqua-cultured flounder required for stable income growth of aqua-cultured household. We analyzed the supply and demand structure of cultured flounder using the partial equilibrium model approach. And we estimated the optimal yield of cultured flounder and analyzed the effect of marketing control through constructed model. The main results of this study are summarized as follows. First, the fitness and predictive power of the estimated model showed that the RMSPE and MAPE values were less than 5% and Theil's inequality coefficient was very close to 0 rather than 1. It was evaluated that the prediction ability of the aqua-cultured flounder supply and demand model by dynamic simulation was excellent. Second, dynamic simulation based on policy simulation was conducted to analyze the price increase effect of production and shipment control of cultured flounder. As a result, if the annual production volume is reduced by 1%, 5%, and 10% among 32,852~37,520 tons, it is analyzed that the price increase effect is from 1.2% to 12.5%. Finally, this study suggests that the production and marketing control can increase the price of aqua-cultured flounder in the market. In this paper, we propose a policy implementation of the total supply system instead of conclusions.

제주 월동무 중장기 수급전망 모형의 개발 (A Study on the Development of Supply-Demand Outlook Model for Jeju Winter Radish)

  • 김배성;고봉현
    • 한국산학기술학회논문지
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    • 제15권3호
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    • pp.1471-1477
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    • 2014
  • 본 논문은 제주 월동무의 중장기 수급전망을 위해 구축된 수급전망모형의 개발 내용과 이 모형을 이용하여 2014-2018년 기간에 대한 수급 및 가격을 전망한 내용을 소개하고 있다. 제주 월동무 수급전망모형은 개별 품목에 대해 구축된 부분균형모형이며, 모형내 각 방정식들은 계량경제학 방법을 이용하여 추정되었다. 중장기 전망에 앞서 시행된 모형의 예측력은 RMSPE, MAPE, Theil의 불균등계수를 기준으로 검토되었다. 예측력 검토결과, RMSPE 기준으로 재배면적, 단수, 생산량, 소비량은 4% 이내의 매우 우수한 오차율을 보였고, 도매가격은 오차율 10% 이내의 비교적 양호한 예측력을 보였다. 중장기 수급 및 가격 전망결과, 제주 월동무 재배면적은 2013년 5,145ha, 2018년 6,650ha에 이를 것으로 전망된다. 월동무 생산량은 2013년 334,434톤으로 추정되고, 2018년 433,310톤으로 전망된다.

A study of a flatfish outlook model using a partial equilibrium model approach based on a DEEM system

  • Sukho, Han;Sujin, Heo;Namsu, Lee
    • 농업과학연구
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    • 제48권4호
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    • pp.815-829
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    • 2021
  • The purpose of this study is to construct a flatfish outlook model that is consistent with the "Fisheries outlook" monthly publication of the fisheries outlook center of the Korea Maritime Institute (KMI). In particular, it was designed as a partial equilibrium model limited to flatfish items, but a model was constructed with a dynamic ecological equation model (DEEM) system, considering biological breeding and shipping times. Due to limited amounts of monthly data, the market equilibrium price was calculated using a recursive model method as the inverse demand. The main research results and implications are as follows. As a result of estimating young fish inventory levels, the coefficient of the young fish inventory in the previous period was estimated to be 0.03, which was not statistically significant. Because there is distinct seasonality, when estimating the breeding outcomes, the elasticity of breeding in the previous period was found to exceed 0.7, and it increased more as the weight of the fish increased, in addition, the shipment coefficient gradually increased as the weight increased, which means that as the fish weight increased, the shipment compared to the breeding volume increased. When estimating shipments, the elasticity of breeding in previous period was estimated to respond elastically as the weight increases. The price flexibility coefficient of the total supply was inelastically estimated to be -0.19. Finally, according to a model predictive power test, the Theil U1 was estimated to be very low for all of the predictors, indicating excellent predictive power.

코로나19가 한육우 시장 및 한육우 농가 인력수요에 미치는 영향분석 (An Analysis of the Impact of Coronavirus Disease (COVID-19) on the Korean Beef Cattle Market and Farm Labor Demand for Korean Beef Cattle)

  • 김인석
    • 한국유기농업학회지
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    • 제28권2호
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    • pp.171-188
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    • 2020
  • The Coronavirus disease (COVID-19), first identified in China in December 2019, has widely spread worldwide and is an ongoing pandemic. It is expected that the ripple effect of COVID-19 on the global economy including the agricultural sector will increase substantially if not properly controlled shortly. This study examines the potential impact of COVID-19 on the Korean beef cattle sector and farm labor demand for Korean beef cattle using a dynamic partial equilibrium model. The agricultural production value and farm labor demand for Korean beef cattle in the scenario assuming pessimistic GDP growth rate (-1.2% in 2020) with no direct supply shocks fell by up to 4.00% and 0.67%, respectively, compared to the baseline which represents the future without COVID-19 outbreak. On the other hand, the agricultural production value and farm labor demand for Korean beef cattle in the scenario assuming both pessimistic GDP growth rate and supply shocks (-12.7% beef imports and + 2.4% feed cost in 2020) increased by up to 12.08% and 1.99%, respectively, compared to the baseline.

미국산 쇠고기 수입관세율 변화가 한육우 시장에 미치는 영향분석 (An Analysis of the Impact of US Beef Import Tariff Rate Changes on the Korean Beef Cattle Market)

  • 김다혜;김인석
    • 한국유기농업학회지
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    • 제28권1호
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    • pp.31-57
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    • 2020
  • Korea-US FTA amendment became effective January 1, 2019 through several trade negotiations between the two countries. These amendments did not include changes in the agricultural sector. However, given the policy direction of the Trump administration, it is difficult to be certain that the existing Korea-US FTA on the agricultural sector will remain unchanged. This study examines the potential impact of changes in the US beef import tariff rates under the Korea-US FTA, which is progressively eliminated until 2026 using a dynamic partial equilibrium model. The modelling system is simulated with 100% decreases of tariff rates over 2020~2026 period and then compared to the baseline which is developed based on the current Korea-US FTA tariff rates. According to the scenario analyses results, 100% decreases of US beef tariff rate lowered Korean beef cattle production value up to 4.23%. Looking at this change in terms of absolute value rather than percentage, the total production value over 2020~2026 is expected to decrease by 815 billion won compared to Baseline. This reduction in production value in dynamic analysis is 67 billion won higher than the comparative static analysis.

김치 수입량 변화가 국내 김치산업에 미치는 영향 분석 (An Analysis of the Impact of Changes in Kimchi Imports on the Korean Kimchi Industry)

  • 김인석;정선화;정가연
    • 한국유기농업학회지
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    • 제30권2호
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    • pp.151-170
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    • 2022
  • The demand for commercial kimchi has increased continuously for the past 20 years due to the increase in eating out demand. Although Korean kimchi industry has expanded significantly, it is still small and a large portion of domestic demand is dependent on Chinese kimchi. Chinese kimchi imports has markedly increased over the last 20 years. However, kimchi imports from China in 2021 significantly reduced due to the recently released video showing a naked man making Kimchi. Korean government has decided to apply HACCP to all imported Kimchi from October 2021 in order to improve the safety of imported kimchi. This study analyzed the effect of changes in the amount of kimchi imports due to the introduction of HACCP on the kimchi industry by using a dynamic partial equilibrium model. According to the analysis result, if imports decreased by 20% compared to the Baseline, domestic kimchi production increased from 1.8% to a maximum of 4.8%, but kimchi consumption decreased from 3.1% to 5.2%. In particular, consumption away from home decreased from 3.3% to 5.7%. It is expected that the results of this study would be used as useful data in the decision-making process of market participants and policy makers related to the kimchi industry.