The purpose of this article is analyzing the economic impacts of abnormal climate on total revenue of red pepper in Korea, with employing the equilibrium displacement model. Our simulation results show the rate of yield change, price change, and total revenue change according to the climate change scenarios. In th case of by RCP 8.5 Scenario, red pepper production volume would be expected to decrease by 77.2% compared to 2012 while price increasing by 29.6%. As a result, total revenue to be returned to farmers would be reduced by 47.6% than it was in 2012. In contrast, total revenue would be expected to decline by 29.6% according to RCP 4.5 scenario.

Abstract
 1. 서 론
 2. 재료 및 방법
 3. 분석자료 및 정책실험 결과
  3.1. 자료 및 파라메타 추정
  3.2. 이상기후 시나리오별 정책실험
 4. 결 론
 참 고 문 헌

• 조재환(부산대학교 농업경제학과) | Jae-Hwan Cho (Department of Agricultural Economics, Pusan National University)
• 서정민(부산대학교 바이오환경에너지학과) | Jeong-Min Suh (Department of Bio-Environmental Energy, Pusan National University) Corresponding author
• 강점순(부산대학교 원예생명과학과) | Jum-Soon Kang (Department of Horticultural Bioscience, Pusan National University)
• 홍창오(부산대학교 생명환경화학과) | Chang-Oh Hong (Department of Life Science and Environmental Biochemistry, Pusan National University)
• 임우택(안동대학교 응용화학과) | Woo-Taik Lim (Department of Applied Chemistry, Andong National University)
• 신현무(경성대학교 환경공학과) | Hyun-Moo Shin (Department of Environmental Engineer, Kyungsung University)
• 김운원(인제대학교 해운대 백병원 외과학교실) | Woon-Won Kim (Department of Surgery, University of Inje College of Medicine, Haeundae Paik Hospital)