Journal of Agricultural Extension & Community Development (농촌지도와개발)

Korean Society of Agricultural Extension (한국농촌지도학회)
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The Estimation of the Demand Function of Korean Beef and Imported Beef Cuts - Focusing in Consumers in the Metropolitan Area -

한우와 수입산 쇠고기의 부위별 수요함수 추정 - 수도권 소비자를 중심으로 -

  • Nam, Kuk-Hyun (Department of Economics, Pusan National University) ;
  • Choe, Young-Chan (Program in Regional Information, Department of Agricultural Economics and Rural Development, Seoul National University)
  • 남국현 (부산대학교 경제학부) ;
  • 최영찬 (서울대학교 농경제사회학부 지역정보전공)
  • Received : 2015.11.11
  • Accepted : 2015.12.12
  • Published : 2016.11.22
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Abstract

This paper estimated the demand function of the cuts of Korean beef and imported beef by using the consumer panel and retail price data from the Korean Agro-Fisheries & Food Trade Corporation, and the weather data from the Korea Meteorological Administration with an log-log model and AIDS model. The results show that the preference for cuts of beef used for cooked soup, steamed dish, Changjorim are more elastic than cuts used for roasting when there is a change in price and income in the estimation of demand function of Korean beef. On the other hand, consumers respond sensitively with the demand of roasting part compared to steamed dish, Changjorim, soup when there is change in price and income in the estimation of demand function of imported beef. The results indicate that there is substitutional relationship between Korean beef and imported beef, because Korean beef cuts used for roasting can substitute for imported roasting part and the same relationship applies to steamed dish, soup, Changjorim. In addition, family number, family member, husband job, purchasing place, means of transportation, purchasing time, weather are statistically significant.

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