This study analyzes the structure of Korean meat and fish product demand. The Linear Approximate Almost Ideal Demand … System (LA/AIDS) is used to estimate Korean meat and fish demand. Since the expenditure term is endogenous, the three …-stage least squares (3SLS) estimator is used to estimate the demand system. Empirical results indicate that beef imports would …

When a supply and demand model is recursive, with errors uncorrelated across the two equations, ordinary least squares … (OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night’s catch …, so this would appear to be a good example of a recursive market. Despite this, data from the Fulton fish market are …

World Trade Organization. This study analyzes the consumption behavior of meat and fish products in Korea, by estimating the … Linear Approximate Almost Ideal Demand System (LA/AIDS). The empirical results indicate that beef imports in Korea would …, Hanwoo (Korean domestic cattle) beef would not maintain its market share. Key words: Meat, fish, trade liberalization, per …