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.
