국제원유 가격상승의 농업부분 파급영향

Impacts of International Oil Price Increases on Korean Agricultural Sector

This paper measures and analyzes the impacts of international oil price (Dubai oil) increases on Korean agricultural sector using Korea Agricultural Simulation Model(KREI-ASMO). The KREI-ASMO was developed by the Korea Rural Economic Institute(KREI) in 1995 and has been used to produce mid-term and long-term outlooks of the Korean agricultural sector and to analyze various alternative policies. This model is a partial equilibrium model of Korean agricultural sector and a dynamic ex-anti simulation model. This paper reviews the correlation between international oil price, domestic oil price and exchange rate by measurement of pearson correlation coefficients. Especially, This paper measures the impacts of international oil prices increases on agricultural input price, agricultural output price and agricultural income by commodities. And several policy implications are suggested.