Do Changes in the U.S. Chicken Prices Affect Korean Chicken Prices?

Price transmission analysis relying on VAR and fore cast error variance decomposition techniques was performed for the U.S. and Kore an chicken wholesale prices, and for the period from 1990. l to 200 l. l. A speciaI consideration was given to study whether the import liberalization of Korean chicken market in 1997 affected price relationships between two countries' chicken prices. It was not possible to find a statistically significant price relationship be tween chicken prices of the two countries, implying the import liberalization of Korean chicken market did not influence the price relationship between the two countries