The behavior of hake prices in Chile: is the world market leading?

被引：4

作者：

Quezada, Felipe ^{[1
]}

Dresdner, Jorge ^{[2
]}

机构：

[1] Univ Concepcion, Dept Econ, Programa Magister Econ Recursos Nat & Med Ambient, Concepcion, Chile

[2] Univ Concepcion, Dept Econ, Interdisciplinary Ctr Aquaculture Res INCAR, Concepcion, Chile

来源：

LATIN AMERICAN JOURNAL OF AQUATIC RESEARCH | 2014年 / 42卷 / 05期

关键词：

hake; fish price determination; time series; market chain; cointegration; market integration; Chile; TIME-SERIES; UNIT-ROOT; COINTEGRATION; SALMON; INTEGRATION; FISH;

D O I：

10.3856/vol42-issue5-fulltext-13

中图分类号：

S9 [水产、渔业];

学科分类号：

0908 ;

摘要：

In this study we analyzed price determination throughout the Chilean hake market chain. To analyze the relationship between different prices participating in this chain, a VECM model was successfully estimated. One cointegration vector was identified. Tests for weak exogenous variables, causality, and significance of different variables were performed, and a parsimonious version of the model was selected. The results obtained in this paper outline a price determination process that, in the end, is governed by world market conditions. Moreover, the diverse links in the hake market chain seem to be well integrated, which implies that there is little room for domestic price determination.

引用

页码：1087 / 1098

页数：12

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