학술저널
A recent study by Yang(2003) found that the widespread belief in the Korean livestock industry that the feed price is largely affected by the international prices of feed grains was not supported. This short article examines the possibility of asymmetric effects by the feed price changes. The empirical results do not show little evidence to support this hypothesis. It is safer to conclude that the feed prices in Korea are not tied to the movement of international grain prices.
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