The european markets for some products are strongly regulated by production and price instruments. In the
fishing case, the mayority of instruments are adopted in cetralized way from experts who can only with difficulty consider
the market pecularities for some species at a national, regional or local level in their analyses. Knowledge of these
differentiating issues followed by consideration of the same, could improve the efficiency of the regulatory measures. This
paper examines the long term relationship between the price of fresh hake and small hake in the port of Vigo (Spain). The
empirical results show that the markets for both goods are interrelated.
Garza-Gil, M.D., J. Surís-Regueiro & M.S. Otero-Giráldez. Cointegration and Causality: An application to Fresh Hake in the Spanish Market. In: Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.