Skip to main content

A cointegration analysis of seafood import demand in Caribbean countries

Buy Article:

$51.63 plus tax (Refund Policy)

Abstract:

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.

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

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036846.2011.613771

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

Publication date: February 1, 2013

More about this publication?
routledg/raef/2013/00000045/00000006/art00012
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect 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