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Seafood Import Demand and Its Impact on Caribbean Fisheries Production Public Deposited

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  • 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.
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  • 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.
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  • 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).
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  • description.provenance : Submitted by Amy Zhang (zhanga@onid.orst.edu) on 2013-06-12T17:04:32Z No. of bitstreams: 1 19.pdf: 166971 bytes, checksum: 720557ba9c961e0c089f861b01986742 (MD5)
  • description.provenance : Made available in DSpace on 2013-06-12T17:04:32Z (GMT). No. of bitstreams: 1 19.pdf: 166971 bytes, checksum: 720557ba9c961e0c089f861b01986742 (MD5) Previous issue date: 2010

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