The Economic Impacts Analysis of the Productivity Change by ICT Application on the Pork Market
2018
Huh, D., Korea Rural Economic Institute, Naju, Republic of Korea | Choi, J.S., Mokpo National University, Muan, Republic of Korea | Kim, H.J., Korea Rural Economic Institute, Naju, Republic of Korea | Jeong, S.M., Korea Rural Economic Institute, Naju, Republic of Korea | Kim, J.N., Korea Rural Economic Institute, Naju, Republic of Korea
In this paper, we analyze the changes in productivity before and after swine farms adopting ICT facilities. Based on the assumption that the number of ICT adoption farms will increase, we analyze the effect of productivity by ICT facilities introduction. The results of the analysis are there was an average income increase of 7,954 won per sow. An analysis of the impact of pig production by the EDM model showed that the equilibrium quantity increased by 2.0%, the equilibrium price by 3.1%, and the pork import by 3.1% in the lowest scenario. In the peak scenario, the balance volume increased by 7.6%, the equilibrium price fell by 5.7%, and the import of pork decreased by 5.7%. With the application of ICT, social welfare increased by 4,240 billion won in the lowest scenario, and the highest scenario increased by 16,559 billion won.
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