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Structural Breaks in the European and US Market for Salmon

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Abstract
  • This study investigates a possible structural break in the relationship between the price of Norwegian salmon exported to the EU and prices of Chilean salmon exported to the US. A structural break is expected in the spring/summer 1997 because restrictions on price and quantum on Norwegian salmon was introduced at this time. A test for cointegration suggests that there is a long term relationship between prices of salmon in the EU and US before and after the break. A Chow test reveals that that there is a distinct structural break in May 1997. The study can and will be improved in subsequent studies by using better tests for cointegration.
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Citation
  • Vassdal, T. & E. Sirnes. Structural Breaks in the European and US Market for Salmon. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.
Proceedings Editors
  • Johnston, Richard S.
  • Shriver, Ann L.
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Urheberrechts-Erklärung
Funding Statement (additional comments about funding)
  • International Institute of Fisheries Economics and Trade U.S. National Marine Fisheries Service MG Kailis Group
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Peer Reviewed
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