The economic development of South Korea is often held up as a model to be followed by many developing countries. We use 1975 and 1990 data in a general equilibrium framework with highly disaggregated agricultural sector specification to evaluate the opportunity cost of agricultural protection....

The economic development of South Korea is often considered a model for developing countries. We use 1975 and 1990 data in a general equilibrium framework with a highly disaggregated sector specification to evaluate the opportunity cost of its agricultural protection. We show that although...