The impacts of animal disease crises on the Korean meat market
采用误差修正方法和有向无环图历史分解，量化国内外动物疾病危机对韩国肉类市场的影响，发现市场恢复时间因疾病类型和供应链层级而异。
Abstract Employing the error correction method and historical decomposition with direct acyclic graphs, we quantify the impacts of domestic and overseas animal disease crises on the Korean meat market. We have the following findings: (a) the market partially recovered 16 months after the domestic foot‐and‐mouth outbreak (FMD) in 2000, and 13 months after the domestic avian influenza (AI) incidents and the U.S. bovine spongiform encephalopathy (BSE) discovery in 2003; (b) animal disease outbreaks had differentiated impacts by disease type and at different levels of meat supply chain. Retail price margin increased relative to the farm and wholesale levels; and (c) disease outbreaks caused changes of dynamic interdependence between prices by meat type at different levels of meat supply chain.