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Assessing Korean Consumers’ Valuation for Domestic and Imported Rice: Importance of Country of Origin and Food Miles Information AgEcon
Han, Doo Bong; Nayga, Rodolfo M., Jr.; Lee, Ji Yong; Yoon, Jong Min.
The aim of this paper is to determine Korean consumers’ valuation for domestic rice and imported rice from China and the US. Using revealed preference data from random nth price auction mechanism, our results generally suggest that consumers’ willingness to pay (WTP) for domestic rice is higher than the WTP for imported rice. Results also suggest that while country of origin and food miles information positively influences consumers’ WTP for domestic rice, country of origin information provides higher valuation for domestic rice than food miles information. Country of origin and food miles information has no statistically significant effect on WTP for the imported Chinese rice product but food miles information has a negative effect on WTP for the imported...
Tipo: Presentation Palavras-chave: Rice; Country of origin information; Food mile information; Experimental auction; Agricultural and Food Policy; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety.
Ano: 2012 URL: http://purl.umn.edu/119817
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ECONOMIC IMPACTS OF THE FINANCIAL CRISIS ON THE KOREAN FARM AND NON-FARM SECTORS AgEcon
Han, Doo Bong.
The objective of this study is to construct a macroeconomic model emphasizing agriculture and analyze the economic impacts of the financial crisis on the Korean farm and non-farm sectors. The simulation results show that financial shocks have great impacts on general economy and change the resource allocation within and between farm and non-farm sectors.
Tipo: Conference Paper or Presentation Palavras-chave: Financial Crisis; Macroeconomic Model; Agricultural Finance; Research Methods/ Statistical Methods.
Ano: 1999 URL: http://purl.umn.edu/21643
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Interrelationship and Volatility Transmission between Grain and Oil Prices AgEcon
Kong, Minji; Han, Doo Bong; Nayga, Rodolfo M., Jr..
This study analyzes the interrelationship and volatility between grain and oil prices. Specifically, the objective of this study is to investigate the volatility transmission mechanism of grain prices with oil prices, under the assumption that an increase in crude oil prices not only affects corn and soybean prices but also other grain commodity prices such as wheat and rice. The results presented in this paper suggest several conclusions. First, there is a short-run relationship between the grain market and oil prices, which implies that recent co-movements of oil and grain prices are just a temporary phenomenon. Second, grain prices, except for rice, are affected by oil prices to some degree. Finally, the volatilities of oil prices influence the...
Tipo: Presentation Palavras-chave: Grain prices; Volatility; Volatility Transmission; VAR; GARCH; Resource /Energy Economics and Policy.
Ano: 2012 URL: http://purl.umn.edu/124377
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