Research Reports
A Study on Development of the Korea Agricultural Outlook Model, KREI-KASMO 2009
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AuthorCho, Youngsu
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Publication Date2009.12.01
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Original
KREI-KASMO is an upgraded version for ASMO to reflect the fast-moving environment surrounding Korea agriculture including the new domestic policy options and the recent international trade regimes, such as FTAs and WTO/DDA negotiations. This model is a partial equilibrium model and a dynamic ex-anti simulation model for the Korean agricultural sector.
KASMO is divided into six sub-models as follows: A grain sector, a vegetable sector, a fruit sector, a specialty crop sector, a livestock sector, and a total agricultural value sector for the entire Korean agriculture. And it covers over 45 commodities.
This study aims, as in the past, to maintain the model through renewing the statistical data-sets annually and to seek possible improvements of the structure of the model by analyzing both qualitatively and quantitatively the projections it produces and the stability against external shocks.
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