Skip to main content

A cointegration analysis of seafood import demand in Caribbean countries

Buy Article:

$47.50 plus tax (Refund Policy)

Cointegration analysis and error correction model are used to estimate seafood import demand for selected Caribbean countries. The results show that seafood import is price elastic. Exchange rate has a negative effect, while Gross Domestic Product (GDP) and tourism have positive effects on seafood imports. Import and domestic production do not have a short run causal relationship. The increase in Caribbean seafood imports is primarily due to decreasing import price and increasing domestic demand. The decline of domestic fisheries production has other causes than import competition. However, imports and domestic production have a negative long run equilibrium relationship. Tariff and production expansion policies both help producers, but tariff may reduce total economic surplus, while supply expansion can increase total economic surplus.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Keywords: C32; Q17; Q22; causality; cointegration; economic surplus; seafood import demand

Document Type: Research Article

Affiliations: Department of Agricultural Economics and Rural Sociology,Auburn University, 202 Comer HallAuburnAL 36849, USA

Publication date: 2013-02-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more