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Policy Study A Study on the Determinants of Food Prices in North Korea November 17, 2021

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Series No. 2021-06

Policy Study KOR A Study on the Determinants of Food Prices in North Korea #North-South Korean Economic Cooperation/Policy on North Korea/Unification Policy #General(Other)
DOIhttps://doi.org/10.22740/kdi.ps.2021.06 P-ISBN979-11-5932-685-1 E-ISBN979-11-5932-693-6

November 17, 2021

  • 프로필
    Kyoochul Kim
Summary
This study provides various analyses related to food prices in North Korea. I examine in detail the factors that determine the price of food in North Korea, including supply factors such as internal food production and imports, demand factors such as the income level of North Korea, food distribution and market activities, and the price control policy of the North Korean authorities. In addition to analyzing data, I employ qualitative methodology such as interviews with North Korean defectors to examine the contents related to food prices in North Korea. This study finds that North Korea's grain import prices significantly affected North Korean grain market prices during the period 2014-2019 when North Korean prices were stable. Through this, it raises the possibility that North Korea's grain market price may not accurately reflect the North's food situation. Even if the food situation inside North Korea worsened, market prices could have been stabilized due to import prices. In this regard, it is emphasized that food aid policies for North Korea need to be established based on various data, such as internal crop production, imports, North Korean income levels, and rations, in addition to market prices.
Contents
Preface
Executive Summary

Chapter 1 Introduction

Chapter 2 Food Prices in North Korea
 Section 1 Market Price Monitoring System in North Korea
 Section 2 Food Price Trends in North Korea

Chapter 3 Variables Related to Food Prices in North Korea
 Section 1 Grain Production in North Korea
 Section 2 Grain Imports in North Korea
 Section 3 Income Levels of North Koreans
 Section 4 Food Rationing in North Korea
 Section 5 Grain Distribution in North Korea
 Section 6 Price Control Policies of North Korean Authorities

Chapter 4 Empirical Analysis of Determinants of Food Prices in North Korea
 Section 1 Time-Series Analysis
 Section 2 Conclusion

Chapter 5 Conclusion and Policy Implications

References
ABSTRACT
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