The Impact of FMD Outbreak on the Demand for Meat in Korea

The 2010/2011 Food-and-mouth disease (FMD) outbreak in Korea was considered as the worst FMD outbreaks in Korean history. However, little is known about the nature of structural change in Korea s meat demand due to the outbreak of FMD. We assess how long it takes to recover the general consumption level and quantify the impact of FMD on major meat demand. The results imply it took 8 and 14 months to restore the original level of own-price elasticity for beef and pork, respectively. Also, it took 2 and 5 months for expenditure elasticity to restore for beef and pork, separately.