Impacts of the Korea-U.S. FTA: Application of the Korea Agricultural Simulation Model.

摘要

Since the Uruguay Round agreement, Korean Agriculture has been changed more rapidly by trade liberalization and structural adjustment. As a result, the government has been trying to reduce the income gap between urban and rural areas. To assist policy makers, KREI constructed an econometric simulation model covering all commodities. The Korea Agricultural Simulation Model (KASMO) contains 67 commodities, macro indices, input price indices, and an agricultural total value module, which includes 2,019 equations and formulas using 2,435 variables. Analysis of Korean policy uses a ten- to fifteen-year deterministic baseline projection incorporating the various agricultural policies and specific macro economic assumptions.