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Agricultural policy adjustments in the Korean rice economy
Author(s) -
Kwon Yong Dae,
Yamauchi Hiroshi
Publication year - 1993
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1993.tb00278.x
Subject(s) - economics , agriculture , government (linguistics) , preference , agricultural policy , politics , price policy , function (biology) , east asia , agricultural economics , political science , microeconomics , china , geography , biology , philosophy , linguistics , archaeology , evolutionary biology , law
Abstract A political preference function is used to endogenize government actions in a simultaneous equation model for South Korean rice policy. The effects of economic changes on rice pricing decisions through estimated political weights are tested to improve our understanding of policy adjustments in that country and open the way for further research in East Asia.