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Modeling the Asian Fish Sector: Issues, Framework, and Method

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  • The paper presents a detailed approach to modeling supply and demand of the Asian fish sector. It discusses the salient features of the fish sector in Asian countries that need to be incorporated in a comprehensive model of fish supply and demand, as well as the usefulness of supply and demand modeling for disaggregated impact analysis. Empirical implementation through econometric estimation is outlined, based on the normalized quadratic profit function for supply, multi-stage budgeting and the quadratic LA-AIDS for demand, and modified Armington aggregation for foreign trade. The model structure and equations (in general form) for computing equilibrium and generating market projections on supply, demand, price, and foreign trade are stated and explained.
  • Keywords: economic model, disaggregated impacts, supply, demand, Fisheries Economics, Special sessions
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  • Dey, Madan M., Roehlano M. Briones, Mahfuzzudin Ahmed. 2002. Modeling the Asian Fish Sector: Issues, Framework, and Method. Peer Review: No. In: Proceedings of the Eleventh Biennial Conference of the International Institute of Fisheries Economics and Trade, August 19-22, 2002, Wellington, New Zealand: Fisheries in the Global Economy. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2002. CD ROM.
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