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An analysis of Japanese tuna prices using vector autoregressions main author

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  • Japan is both the largest producer and consumer of tuna in the world. However, Taiwan has been a major exporter to Japan of Thunnus albacares and Thunnus obesus recently. For example, the market shares of Taiwan's supply are 20% for T. albacares, and 44% for T. obesus in 1992. Hence, it is important for Taiwan's fishery companies to forecast Japanese demand for tuna and to make as much profit as possible from the exports. Moreover, it should be noted that Japanese officials often criticize that too many imports could hurt domestic producers. Thus, there are conflicts in the trade of tuna products between Japan and Taiwan. To provide insightful understanding for both parties and hopefully facilitate the settlement of conflicts, an analysis of price movements is in need since prices possess important information and usually serve as primary indicators in both decision making and trade talk. The current study attempts to use vector auto-regressions for analyzing the movements of Japanese tuna prices by taking Taiwan's imports into account. Presumably, the empirical results will provide important indicators for fishery companies and notable evidences for Taiwan's authority to negotiate with Japan.
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  • Lei, Li-Fen. 1996. An analysis of Japanese tuna prices using vector autoregressions main author. In: Proceedings of the Eighth International Conference of the International Institute of Fisheries Economics and Trade, July 1-4, 1996, Marrakech, Morocco. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2002. CD ROM.
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