Demand for Meat and Fish Products in Korea*
Abstract
The Korean livestock industry is currently facing the critical challenge of the market
liberalization trend under the World Trade Organization. This study analyzes the consumption
behavior of meat and fish products in Korea, by estimating the Linear Approximate Almost Ideal
Demand System (LA/AIDS).
The empirical results indicate that beef imports in Korea would increase in the future
under trade liberalization. If cheap and better quality imported beef are introduced to Korean
consumers, Hanwoo (Korean domestic cattle) beef would not maintain its market share.
Key words: Meat, fish, trade liberalization, per capita consumption, demand, separability, and
price elasticity.
* Copyright © 2002 by Jione Jung and Won W. Koo. All rights reserved. Readers may make verbatim copies of this
document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies.
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