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Volume 11, Number 3, 1996 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/28175
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| Title: | SUBSTITUTABILITY AMONG SPECIES IN THE JAPANESE TUNA MARKET: A COINTEGRATION ANALYSIS |
| Authors: | Bose, Shekar
McIlgorm, Alistair |
| Issue Date: | 1996 |
| Abstract: | This paper examines two sets of hypotheses concerning the existence and the cause of the long-run, inter-species price relationships in the Japanese tuna market. A shock variable is introduced into the system to determine the degree of influence on the price relationships as well as the magnitude of the power in explaining the variation in prices of tuna species. Although in most cases the coefficient estimates of the shock variable are statistically significant, overall, the variable does not have significant explanatory power in both bivariate and multivariate regressions. We also find that the degree of substitutability between bigeye and albacore is substantially lower than the degree of substitutability between bigeye and yellowfin and, yellowfin and albacore. |
| URI: | http://purl.umn.edu/28175 |
| Institution/Association: | Marine Resource Economics>Volume 11, Number 3, 1996 |
| Total Pages: | 13 |
| Language: | English |
| From Page: | 143 |
| To Page: | 155 |
| Collections: | Volume 11, Number 3, 1996
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