A cointegration analysis of seafood import demand in Caribbean countries

Giap Nguyen and Curtis M. Jolly

Applied Economics, 2013, vol. 45, issue 6, 803-815

Abstract: Cointegration analysis and error correction model are used to estimate seafood import demand for selected Caribbean countries. The results show that seafood import is price elastic. Exchange rate has a negative effect, while Gross Domestic Product (GDP) and tourism have positive effects on seafood imports. Import and domestic production do not have a short run causal relationship. The increase in Caribbean seafood imports is primarily due to decreasing import price and increasing domestic demand. The decline of domestic fisheries production has other causes than import competition. However, imports and domestic production have a negative long run equilibrium relationship. Tariff and production expansion policies both help producers, but tariff may reduce total economic surplus, while supply expansion can increase total economic surplus.

Date: 2013
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2011.613771 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:45:y:2013:i:6:p:803-815

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2011.613771

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().