Korea Rural Economic Institue

KREI OA 정책 KREI 전자도서관

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목차: contents
1.
서 론
2.
추정모형 및 방법
3.
자료 및 추정결과
4.
요약 및 결론

Abstract
The endogeneity of prices and quantities and structural change
in Korean meat demand are tested in this paper. Both Almost Ideal Demand
System(AIDS) and Inverse Almost Ideal Demand System(IAIDS) are estimated using
quarterly data from 1991 through 2001. The results of Hausman's
specification tests show that prices of domestic beef and import beef in AIDS
and quantities of domestic beef and pork in IAIDS appear to be endogenous.
The results of Wald tests indicate that there was a structural change caused by
the Korean financial crisis in 1997.

Abstract
The endogeneity of prices and quantities and structural change
in Korean meat demand are tested in this paper. Both Almost Ideal Demand
System(AIDS) and Inverse Almost Ideal Demand System(IAIDS) are estimated using
quarterly data from 1991 through 2001. The results of Hausman's
specification tests show that prices of domestic beef and import beef in AIDS
and quantities of domestic beef and pork in IAIDS appear to be endogenous.
The results of Wald tests indicate that there was a structural change caused by
the Korean financial crisis in 1997.