The present study employs a cointegration method and error correction model to analyze the long-run relationship and short-run adjustment of aggregated seafood import demand function for selected Caribbean countries. The results show that there exists a long-term equilibrium relationship between Caribbean seafood import and related factors. Import demand elasticity is...
The present study uses normalized profit function and adaptive expectation approaches to analyze U.S. catfish farm supply. Empirical estimations give short-run supply elasticity of 0.25 and 0.26 and long-run supply elasticity of 0.47 and 2.1 in each of the two approaches, respectively. Technological improvement is attributed for only 9.8% out...