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국내 사료가격 변동에 미치는 국제옥수수가격과 환율의 비대칭적 효과 분석

Asymmetric Effects of International Corn Prices and Exchange Rate Changes on Feed Prices in Korea

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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.

Abstract

I. 서론

II. 분석 모형의 설정과 방법

III. 분석 결과

IV. 결론

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