DEMAND FOR MEAT AND FISH PRODUCTS IN KOREA



Table 6. Compensated Elasticities of Korean Meat and Fish Products: 1980-98

HAN

IB

PK

CH

FS

CR

MO

HAN

-0.8535*

0.2180*

0.3349*

0.0339

0.1998*

0.0530*

0.0039

(0.1801)

(0.0963)

(0.0874)

(0.0240)

(0.0748)

(0.0150)

(0.0505)

IB

0.8098

-0.7403*

-0.1569

-0.0693

0.0204

-0.0733

0.1996

(0.3577)

(0.2766)

(0.1971)

(0.0606)

(0.1650)

(0.0371)

(0.1164)

PK

0.2419

-0.0305

-0.3128*

-0.0076

0.0885*

-0.0068

0.0174

(0.0631)

(0.0383)

(0.0519)

(0.0112)

(0.0311)

(0.0065)

(0.0231)

CH

0.1260

-0.0693

-0.0389

-0.2365*

0.1837*

0.0227

0.0024

(0.0890)

(0.0606)

(0.0578)

(0.0679)

(0.0535)

(0.0259)

(0.0299)

FS

0.3246

0.0089

0.1991

0.0804

-0.8187*

-0.0008

0.1964*

(0.1215)

(0.0722)

(0.0699)

(0.0234)

(0.0853)

(0.0151)

(0.0428)

CR

1.3784

-0.5129

-0.2453

0.1586

-0.0124

-0.6786*

-0.0978

(0.3896)

(0.2600)

(0.2324)

(0.1814)

(0.2417)

(0.1353)

(0.1334)

MO

0.0168

0.2328

0.1044

0.0029

0.5239

-0.0163

-0.8745

*Denotes significance at the 5 percent level, and standard errors are in parentheses.



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