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The Impact of Direct Payment for Rice Farming on National Economy

Authors
Publisher
한국축산경영학회,농업정책학회(구.한국축산경영학회)
Publication Date
Keywords
  • Cge Model
  • Direct Payment For Rice Farming
  • Agricultural Policy
  • Cge 모형
  • 논농업 직불제
  • 농업 정책
Disciplines
  • Agricultural Science

Abstract

This paper focuses on the impact of direcent for rice farming on national economy using the CGE model. The main results of this study as follows; In the first experiment, direct payment for rice farming using the subsidy(210.5 billion won) increases the welfare by 0.118 percent(510 billion won) and the GDP by 0.072 percent(347.6 billion won). In the second experiment, direct payment for rice farming(421 billion won) increases not only the welfare by 0.233 percent(1,0011.8 billion won), but also the GDP by 0.141 percent(684.4 billion won). In conclusion, direct payment for rice farming under the Korean Economy seems to be a useful instrument among agricultural policy instruments.

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