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  • 한양대학교 기관으로 출판된 최신 SCI급 논문현황 (Web Of Science에서 제공되는 자료)
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Article

Assessment of the Economic Benefits From US Meat Export Federation (USMEF)'s Marketing Investment in
Author Kim, Renee (Sch Business); Park, Jong Min (Sch Business);
Corresponding Author Info Park, JM (reprint author), Hanyang Univ, Sch Business, 222 Wangsimni Ro, Seoul 133791, South Korea.
E-mail korec77@nate.com
Document Type Article
Source JOURNAL OF FOOD PRODUCTS MARKETING Volume:23 Issue:3 Pages:283-302 Published:2017
Times Cited 0
External Information http://dx.doi.org/10.1080/10454446.2014.949978
Abstract In 2007, the United States and South Korea agreed for partial access of U.S. beef to South Korea under the Korea-U.S. (KORUS) FTA concession, and started to import sizable U.S. beef to South Korea in 2008 despite some negative sentiments of Korean consumers for U.S. beef due to the safety concerns. From 2011 to 2015, the USMEF is scheduled to invest approximately US$10 million on promotion of U.S. beef in South Korea. Thus, it is important to access effectiveness of USMEF promotional strategies and to justify accountability of its marketing investment in the Korean beef market. The objective of this study is to estimate the economic impact of USMEF marketing investment for beef on U.S. beef performance in South Korea. The study determines the effectiveness of USMEF's generic beef market development and promotion program in South Korea, by developing an econometric import demand model for U.S. beef and eliciting benefit-cost ratio (BCR) of USMEF's promotion investment. From this analysis, (1) the relationships between selected uncontrollable and controllable economic variables and the U.S. beef demand in South Korea are assessed; and (2) with BCR simulation analysis, the return on promotion investment (ROI) of USMEF is derived.
Web of Science Categories Business
Funding Social Science Korea (SSK) Research Grant of the National Research Foundation of Korea (NRF); NRFK [NRF-2013S1A3A2052995]
Language English
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