Market linkages between the U.S. and Japan: an application to the fisheries industry |
| |
Authors: | Julie Ann Elston James D Hastie Dale Squires |
| |
Institution: | a University of Central Florida, Orlando, Florida FL 32816-1400, USA;b Alaska Fisheries Science Center, Seattle WA, USA;c Southwest Fisheries Center, La Jolla CA, USA |
| |
Abstract: | Recent trends in globalization of Pacific Basin commodity markets raises important questions concerning the nature of market integration and price linkages. This paper examines this issue by testing for price linkages between the United States and Japan for two species whose exports from the U.S. to Japan have risen considerably over the past decade. Empirical results indicate segmentation of price linkages for sablefish but probable price linkages for some thornyhead markets. Findings suggest that markets for these species may be less sensitive to price changes in Japan than would be expected based on commodity flows. |
| |
Keywords: | Price linkages Granger causality Japan |
本文献已被 ScienceDirect 等数据库收录! |