가축·비료부문 양분 생성 저감의 경제적 효과
This study analyzes the general equilibrium impacts of regulating agricultural phosphorus emissions in Korea. A static computable general equilibrium model is constructed for the analysis. The study introduces a hypothetical phosphorus emission trading scheme that aims to reduce 10 percent of the to...
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Published in | 농촌경제 Vol. 44; no. 3; pp. 27 - 52 |
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Main Authors | , |
Format | Journal Article |
Language | Korean |
Published |
한국농촌경제연구원
30.09.2021
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Subjects | |
Online Access | Get full text |
ISSN | 1229-8263 2713-9506 |
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Summary: | This study analyzes the general equilibrium impacts of regulating agricultural phosphorus emissions in Korea. A static computable general equilibrium model is constructed for the analysis. The study introduces a hypothetical phosphorus emission trading scheme that aims to reduce 10 percent of the total emission from the livestock sector in 2015. Scenario 1 of the analysis assumes that both livestock and fertilizer industries are subject to the regulation, while Scenario 2 assumes that only the livestock industry is subject to the regulation. The government’s emission permit revenue is recycled so that farm households maintain their pre-regulation welfare level. The welfare cost of non-farm households is about 0.4 percent of their total expenditure under both scenarios. The result shows that the marginal abatement cost of Scenario 2 is about 50 percent higher than that of Scenario 1. Although those two policy scenarios result in very similar simulated overall welfare impacts, they have substantial differences in industry- specific effects on domestic production, consumer price, and import/ export. |
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Bibliography: | Korea Rural Economic Institute |
ISSN: | 1229-8263 2713-9506 |