CONTENTS
Chapter 1. Introduction 1
Section 1. Reasons for the Study 1
Section 2. Main Objectives of the Study 4
Section 3. Price Transmission Theory and Literature 7
Section 4. Strengths of Model and Contribution Beyond Previous Models: 9
Chapter 2. Data and Methodology 10
Section 1. Data 10
Section 2. Price Transmission Methodology 11
Chapter 3. Policy Background for Price Transmission 19
Section 1. Rice Sector in Korea 19
Section 2. Grain Sector in Korea 32
Section 3. Beef Sector in Korea 42
Section 4. Pork Sector in Korea 50
Section 5. Rice Sector in Japan 55
Section 6. Grain Sector in Japan 64
Section 7. Livestock Sector in Japan 69
Section 8. EU Agriculture 78
Section 9. US Crop Farm Policy 82
Chapter 4. Results and Analysis 87
Section 1. Properties of Data 88
Section 2. Comparison of US Farm versus Korean Import Prices 94
Section 3. Comparison of Korean Import and Farm & Wholesale Prices 107
Section 4. Comparison of Macroeconomic Variables and Korean Prices 115
Section 5. Comparison of U.S. Farm and Korean Farm Prices 126
Section 6. Comparison of Retail and Farm Prices in the U.S. and Korea 133
Section 7. Comparison of Korea Retail Prices vs. U.S. Retail Prices 143
Section 8. Comparison of Korea & U.S. Output/Input Price Ratios 147
References 150
