DETERMINANTS OF PORK DEMAND FUNCTION BY VARIANCE INFLATION AND STEPWISE METHOD IN SOUTH KOREA.
Journal Title: International Journal of Advanced Research (IJAR) - Year 2018, Vol 6, Issue 3
Abstract
As trade barriers are collapsed by result of trade liberalization, competition of global pork market has been accelerated by each country. Since pork is the most consuming meat in South Korea, analysis of determinants to pork consumption is a good indicator in decision making of pork producers, distributors and consumers. In addition, it is useful for 6th industrialization combing production, processing and sales of pig. The predictive power on determinants for consumption of domestic pork (CDP) was confirmed by variance inflation factor and stepwise selection methods. We selected seven and four variables, respectively, depending on the both methods for examination of CDP determinants. Production and beginning stocks of domestic pork had the greatest influence on CDP and a positive relation with each other (P<0.01). However, CDP had a negative relationship between consumer price of Hanwoo beef and chicken meat. As this result is a different pattern from general economic theory, it is considered that the situation is owing to characteristic of meat consumption concentrated in summer at South Korea.
Authors and Affiliations
Tae Wan Kim, Chi Won Noh, Chul Wook Kim
Keywords
Related Articles
- EP ID EP287963
- DOI 10.21474/IJAR01/6889
- Views 103
- Downloads 0
MULTIPURPOSE DETECTION AND PROTECTIONSYSTEM FOR HUMAN USING WIFI.
The multipurpose system for detection and ranging is the advanced system using the pir sensor and the esp8266 Wi-Fi which is mainly designed for the plantation workers and the agricultural fields. In which it will detect...
MULTIDISCIPLINARY MANAGEMENT OF MALOCCLUSION DUE TO SUPERNUMERARY TOOTH - A CASE REPORT.
Supernumerary teeth are the most common developmental dental anomaly that has been argued to arise from multiple etiologies like hyperactivity of dental lamina, environmental factors dichotomy or polygenetic process of a...
NONTHROMBOTIC PULMONARY EMBOLISM BY FOREIGN BODY.
Non-cruoric pulmonary embolisms are exceptional, their incidence is estimated at 5% of all pulmonary embolisms, they can be septic, gaseous, fatty, metastatic, amniotic, or foreign body. We report the case of a 55-year-o...
ANTHROPOMETRIC MEASUREMENT OF FOOT LENGTH AND ITS RELATION TO STATURE IN JAMMU AND KASHMIR POPULATION.
Aim: The aim of present study was to find a relation between foot length and stature and to show if height could be predicted from foot length measurements in J&K (JAMMU AND KASHMIR) population. Methodology: A sample of...
FEMINISTIC ISSUES IN ALICE WALKERS THE COLOUR PURPLE.
Alice Malsenior Walker is an African-American author and feminist. Her works focus on the role of women of color in culture and history. She is an open bisexual, and sympathetic towards people of all sexualities, ethnici...