Abstract:
This study investigates a possible structural break in the relationship between the price of Norwegian salmon
exported to the EU and prices of Chilean salmon exported to the US. A structural break is expected in the spring/summer
1997 because restrictions on price and quantum on Norwegian salmon was introduced at this time. A test for cointegration
suggests that there is a long term relationship between prices of salmon in the EU and US before and after the break. A Chow
test reveals that that there is a distinct structural break in May 1997. The study can and will be improved in subsequent
studies by using better tests for cointegration.
