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Impacts of Actual Harm and Harmful Rumors from Radioactive Spill from the Fukushima Disaster on the Japanese Seafood Market

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  • We investigated whether the spill of radioactive materials from the Fukushima nuclear plant into the Pacific Ocean has had a negative impact on demand for cod and pollock in wholesale markets in Japan between January 2004 and July 2013. A Bai and Perron structural break test detected several break points in the market, including the Fukushima disaster, and successfully eliminated the impact of the other disturbing shocks by introducing dummy variables for the breaks identified in our analysis. A vector autoregressive model with break dummies found that the radioactive spill had a significantly negative impact on demand for cod. Our results suggest that the amount of radiation detected in cod products negatively affected Japanese demand for cod and positively affected demand for pollock. We also found that consumers' current concerns about radioactive spills affect demand for pollock positively.
  • Keywords: Modelling and Economic Theory, Fisheries Economics, Environment: Valuation
  • Keywords: Modelling and Economic Theory, Fisheries Economics, Environment: Valuation
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  • Wakamatsu,Hiroki, and T. Miyata. 2014. Impacts of Actual Harm and Harmful Rumors from Radioactive Spill from the Fukushima Disaster on the Japanese Seafood Market. In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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