Conference Proceedings Or Journal
 

Seafood Import Demand and Its Impact on Caribbean Fisheries Production

Public Deposited

Downloadable Content

Download PDF
https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/df65v884m

Descriptions

Attribute NameValues
Creator
Abstract
  • 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 1.72. Exchange rate has negative an effect on seafood imports, a one percent increase in exchange rate causes 1.55 percent decrease in seafood imports. Income has positive effect on seafood imports; a one percent income increase causes seafood imports to increase 0.22 percent. Tourist arrivals have positive effects on seafood imports, a one percent increase in tourist revenue cause 1.17 percent increase in seafood imports. Seafood imports have a significant negative effect on domestic fisheries production. The study suggests an outward shift of world seafood supply in the Caribbean region. The shift causes import price to decrease, and domestic seafood production to decrease as well. A tariff policy and a supply expansion both reduce imports, and enhance domestic production and producers’ surplus. However, tariff policy reduces consumer surplus, while supply expansion increase consumer surplus.
  • Keywords: Fisheries Economics, Seafood Processing and International Trade, Markets and Trade
Resource Type
Date Available
Date Issued
Citation
  • Nguyen, Giap V. and Curtis M. Jolly. 2010. Seafood Import Demand and Its Impact on Caribbean Fisheries Production. 12 pages. In: Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 13-16, 2010, Montpellier, France: Economics of Fish Resources and Aquatic Ecosystems: Balancing Uses, Balancing Costs. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2010.
Conference Name
Subject
Rights Statement
Funding Statement (additional comments about funding)
  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, Agence Française de Développement, Ministère de l’Enseignement Supérieur et de la Recherche, Ministère de L’Alimentation de L’Agriculture et de la Pêche, Ministère de l’Énergie, du Développement Durable et de la Mer, La Région Languedoc Rouslilon, Département Hérault, Montpellier Agglomèration, The Department of Fisheries and Oceans, Canada, and AquaFish Collaborative Research Support Program (CRSP).
Publisher
Peer Reviewed
Language
Replaces

Relationships

Parents:

This work has no parents.

In Collection:

Items

Thumbnail Title Date Uploaded Visibility Actions
file details 19.pdf 2017-07-14 Public Download