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Agriculture and Food in the 21 st Century

Economic, Environmental and Social Challenges- Festschrift on the Occasion of Prof. Dr. Dr. h.c. P. Michael Schmitz 65 th Birthday

Monika Hartmann and Joachim Hesse

This Festschrift in honour of Professor Dr. Dr. h.c. P. Michael Schmitz covers theoretical as well as empirical works on challenges prevailing in the food and agricultural sector. Discussions of conflicts between social and ecological requests of citizens and market outcomes are provided. The contributors discuss options of policy interventions as well as their limitations. Empirical facts that can contribute to a more evidence based policy formation are also presented. The book itself consists of two parts: «agri-food markets and policies» and «agriculture, trade and development». Topics covered are moral, markets and policies, farm animal welfare, fat taxes, agricultural derivatives markets, future food value chains, free trade agreements, food security, food waste and climate change.
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EU-South Korea Free Trade Agreement and Its Impacts on Agriculture in Consideration of a Different Level of Regional Aggregation: A Computable General Equilibrium Approach: Jong-Hwan Ko

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Jong-Hwan KO

Abstract

In July 2011 the EU-Korea free trade agreement (FTA) entered into force. This paper aims at assessing its economic effects on the economies of Korea and Germany, in particular, on their agricultural sectors, using a multi-region, multi-sector CGE model taking into consideration different levels of regional aggregation of the EU. The impacts on Korea’s economy vary with regard to the level of regional disaggregation of the EU. The analyses accounts for all EU member states but Croatia. The latter is part of the regional grouping called Rest of the World. Impacts of implementing the EU-Korea FTA are simulated using several scenarios which differ as regards the aggregation of the EU in the model. The two extreme cases are scenario EU1 (the EU is represented as a single region) and scenario EU27 (all 27 member states are represented individually). In between these two extremes other scenarios are set up which reflect additional levels of EU disaggregation in the model. The simulations results of each of the various scenarios are compared to a corresponding baseline scenario reflecting the same level of EU disaggregation. Not to complicate the discussion too much the results of only the two extreme scenarios are briefly contrasted. For this comparison the relative deviations of each of the two scenarios to its corresponding baseline are taken. The higher the level of regional disaggregation of the EU the stronger is the increase in Korea’s GDP and welfare due to the implementation of the...

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