유류가격의 변동이 농업부문의 물가에 미치는 파급영향 분석

(Impact of Oil Price Change on Price Level of Agricultural Sector)

This study was performed to analyze the effect of changes in oil price on the price level of agricultural products in Korea. For the study, Input-Output model with basic industry sectors produced by year 2009 was used. The model with year 2009 was incorporated with household consumption sector and/or was compared with the model with year 2003 for further analysis. Two scenarios with ten percent change and historical change of oil price were analyzed. Results show that price effects of agricultural products caused by changes in oil price were highest in diesel followed by gasoline and kerosene. These effects were increased with the incorporation of household consumption. These effects were higher in year two thousand five than in year two thousand nine in both diesel and kerosene. The opposite result, however, was obtained in gasoline.