Conference Proceedings Or Journal
 

Nyrud0293.pdf

Public Deposited

Downloadable Content

Download PDF
https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/k35698281

Descriptions

Attribute NameValues
Creator
Abstract
  • The seafood industry in Norway relies on selling most of its production output in a global market. The Norwegian Krone is a vulnerable currency subject to frequent fluctuations, in recent years especially in connection with developments in the crude oil price. The Norwegian seafood industry's competitiveness is sensitive to changes in the exchange rate towards important foreign markets. Large and sudden changes in the currency price level can therefore be challenging for both the industry and its buyers. Exchange rate effects further create methodological difficulties when attempting to understand and analyze changes in firms' profitability, and product-price changes. The paper analyzes how large exchange rate changes affects key performance measures in the Norwegian seafood industry. Two measures are used, firm profitability and seafood export value. The purpose is to shed light on how exchange rate changes affects the competitiveness of Norwegian seafood firms on a global scale, and to develop a framework for predicting the effects of future periods with extreme currency price fluctuations. Attention is placed on three main bodies in the Norwegian seafood sector - Whitefish, Pelagic, and Aquaculture. These are analyzed separately. The analysis focuses on the period from 2000 to 2015, with special attention given to three sub-periods: 2002, 2008/2009, and 2014/2015. All three periods where subject to major exchange rate changes over a relatively short time span, which in hindsight revealed to have had considerable effects on the profitability of Norwegian seafood firms.
Rights Statement

Relationships

Parents:

Items

Thumbnail Title Date Uploaded Visibility Actions
file details Nyrud0293.pdf 2017-10-04 Public Download