This paper focuses on the impact of the WTO/DDA implementation on Korean economy and agriculture using a multi-regional general equilibrium model. The main results of this study as follows. The welfare and GDP increases through DDA implemetation, but ...
This paper focuses on the impact of the WTO/DDA implementation on Korean economy and agriculture using a multi-regional general equilibrium model. The main results of this study as follows. The welfare and GDP increases through DDA implemetation, but the agricultural GDP and balance of trade are decreased due to tariff reduction. The results of this study show that the DDA implementation will have a negative impact on agricultural production in Korea.