AN ECONOMETRIC MODEL OF THE MARKET FOR NEW ENGLAND GROUNDFISH

This paper develops an economic model of the New England groundfish market. A multi-sector, multi-level econometric model is estimated using data from 1970 to 1982. The parameters of the estimated model are used to characterize consumer demand for groundfish and related products. Retail and exvessel demands for fresh and frozen groundfish fillets are found to be highly elastic. Fresh fillets especially show high income elasticity of demand, reflecting their status as a luxury good. Only a very small and statistically weak relationship was found between the prices of imported groundfish and domestic exvessel prices indicating that proposals to assist the domestic industry via tariffs may be ineffectual.


Subject(s):
Issue Date:
1985-10
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/28946
PURL Identifier:
http://purl.umn.edu/28946
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 14, Number 2
Page range:
128-143
Total Pages:
16




 Record created 2017-04-01, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)