Competitiveness of U.S. Meats in Japan and South Korea: A Source Differentiated Market Study
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The restricted source differentiated almost ideal demand system (RSDAIDS) is used to estimate the parameters of the Japanese and South Korean source differentiated meat demand models. Expenditure and own-price elasticities indicate that Japanese beef, Canadian and Danish pork, and Brazilian and Thai poultry have a competitive advantage in Japan. The BSE outbreak in Japan decreased the shares of Japanese and U.S. beef. Regarding South Korea, the results indicate that imported beef from the U.S. and Australia, Danish pork, and South Korean and Thai poultry have a competitive advantage. The U.S. BSE outbreak decreased the market shares of U.S. beef in the South Korean beef market.