Korea Rural Economic Institue

KREI OA 정책 KREI 전자도서관

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목차: CONTENTS
I. Introduction
Ⅱ. Data Sources and Description
Ⅲ.
Stationarity and Cointegration Tests
Ⅳ. Impulse Response Function and
Forecast Error Variance Decomposition
V. Summary and
Conclusion
ABSTRACT
Price transmission analysis relying on VAR and forecast error variance
decomposition techniques was performed for the U.S. and Korean chicken wholesale
prices, and for the period from 1990.1 to 2001.1. A special consideration was
given to study whether the import liberalization of Korean chicken market in
1997 affected price relationships between two countries' chicken prices. It was
not possible to find a statistically significant price relationship between
chicken prices of the two countries, implying the import liberalization of
Korean chicken market did not influence the price relationship between the two
countries.