Agribusiness and Applied Economics


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Won W. Koo

Won Koo

Office: Barry Hall 400F

Phone: 701.231.7448

Fax: 701.231.7400


About Dr. Koo

Dr. Koo is Chamber of Commerce Distinguished Professor and director of the Center for Agricultural Policy and Trade Studies. Koo, a native of South Korea, received his BS and MS degrees from Chonbuk National University and Korea University, respectively. He received Ph.D. in economics from Iowa State University. His areas in research and teaching are international trade, economic development, demand analysis, econometrics, and quantitative method (optimization). He was a faculty member in Montana State University before moving to North Dakota State University. He was also adjunct professor in agricultural economics in the University of Florida, honorary professor of economics in Zhengzhou Institute of Technology, China, and honorary scientist in the Rural Development Administration of the Republic of Korea.


Ph.D. in Agricultural Economics, Iowa State University (1974)

M.S. in Business Finance, Korea University (1968)

B.S. in Economics, Chonbuk National University (1964)

Teaching Experience

International Trade; 1981 – present, Department of Agribusiness & Applied Economics

Econometrics; 1981 – 2006, Department of Agribusiness & Applied Economics

Price analysis; 1982 – 1986, Department of Agribusiness & Applied Economics

Systems Optimization; 1985 – 1989, College of Engineering and Architecture


Fred Waldron Award in Outstanding Research, North Dakota State University (2009).

Fulbright Scholar, Korea University, Seoul, Korea (2006).

Chamber of Commerce Distinguished Professor, NDSU (2003-present).

The 45th Faculty Lectureship Award, North Dakota State University (2003).

Eugene R. Dahl Excellence in Research Award, Senior Career from College of Agriculture, food Systems, and Natural Resources, North Dakota State University (2000 and 2008)

Outstanding Research Award (discovery of research quality) from American Agricultural Economics Association (1981).                                                       

Outstanding Research Award (published research quality) from the Western Agricultural Economics Association (1983).

Research Grants(2000-2010)

$8.2 million from various sources.

Selected Publications

Koo, Won, and Taylor, Richard. Outlook of the U.S. and World Sugar Markets: Impacts of Brazil’s Ethanol Production, International Sugar Journal, Volume CXV: Issue No 1371 (187 – 193), March, 2013.

Jiang and Koo, Estimating Regional Agricultural Supply of GHG Abatements by Land based Biological Carbon Sequestration: Bayesian Sampling based Simulation Approach, Journal of Environmental Economics and Policy (accepted and forthcoming)

Karemera, Koo and Whitesides, Trade, Environment and Impact on state agricultural export, Journal of Management Practice and Policy (accepted and forthcoming).

Bachkar, Khalid, Won Koo, Joseph Semerekovsky and Nael Aly.  An Analytical Hierarchy Process to Mitigate the Security Risk in Global Container Supply Chain, Journal of Management and Engineering Integration (accepted and forthcoming)

Jiang and Koo, The Short Term Impact of Cap-and-Trade Climate Policy on Local Agriculture: A Policy Simulation with Producer Behavior, European Review of Agricultural Economics (accepted and forthcoming).

Jiang and Koo, Producer Preference for Land-Based Carbon Sequestration in Agriculture: Some Implication from a Sample of North Dakota Farmers, Journal of Water and Soil Conservation (accepted and forthcoming).


Koo, Won W. and Lynn Kennedy, International Trade and Agriculture, Wiley/Blackwell Publisher, 2005.

Kwon and Koo. Interdependence of Macro and Agricultural Economics: How Sensitive is the Relationship? American Journal of Agricultural Economics, Vol. 91 (2009): 1194-1200.

Baek, Cho, Koo, "The Environmental Consequences of Globalization: A Country-specific Time-series Analysis," Ecological Economics Vol. 68 (2009): 2255-2264.

Jin and Koo, “Offshore Hedging Strategy of Japan-based Wheat Trader under Multiple Sources of Risk and Hedging Cost,” Journal of International Money and Finance, Vol. 25-2(2006); 20-236.

Koo and Kennedy, “The Impact of Agricultural Subsidies on Global Welfare,” American Journal of Agricultural Economics, Vol. 88, No 5 (2006) 1225-1235.

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