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...
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...
Vietnam has been ranked as one of the countries in Asia with the highest vulnerabilities to climate change impacts on fisheries and aquaculture. Eight of those ten provinces are located in the Mekong River Delta, including Ben Tre Province. We conducted a study to identify the impacts of climate change...
Scientific database has proven that Vietnam is one of the most affected countries due to climate change impacts on aquaculture and economies of rural communities. Ben Tre region has suffered immensely from recent salt water intrusion. Climate change generates sea level rise, increase in temperature and salt water intrusion. In...
A theoretical model links price risks at processors market to farm supply response. Price risks at wholesale market affect processors‚ factor demand for farm-raised catfish. The fluctuation in factor demand also influence the farm-raised catfish supply response. Price risks at wholesale market reduce processors‚ factor demand for farm-raised catfish, and...
U.S. imported 2.3 million metric tons of smoked herring in 2007 costing $707,000. Hence it is important to investigate factors influencing the importation of smoked herring into the US. We used time series data from 1976 to 2007 to estimate an import demand function: log(Mt) = a0 + a1*log(Pt) +...
The paper develops a model of world frozen shrimp market using data from 1980 to 2004. There is a structural change in the world shrimp market that shifts the market volume from traditional to the non-traditional markets. Market structural change affects shrimp price significantly. Shrimp price has a trend and...
Ocean health is a major concern for coastal communities dependent on the ocean for their livelihood. Recent changes in in ocean health force researchers to examine the factors that influence the decline in ocean health. The paper developed production functions using the Global Ocean Health Index (OHI) for 2014 and...
Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.