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Market Interactions for Farmed Fish Species on the Korean Market
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  • Journal title : Ocean and Polar Research
  • Volume 36, Issue 1,  2014, pp.71-76
  • Publisher : Korea Institute of Ocean Science & Technology
  • DOI : 10.4217/OPR.2014.36.1.071
 Title & Authors
Market Interactions for Farmed Fish Species on the Korean Market
Kim, Do-Hoon;
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This study aims to analyze the market interactions among the main farmed fish species in Korea, using both multivariate and bivariate cointegration analysis. For the analysis of market interactions among farmed fish species, major four farmed fish species, olive flounder (Paralichthys olivaceus), black rockfish (Sebastes schlegeli), red seabream (Pagrus major), and grey mullet (Mugil cephalus) were selected as the analytical target species. And their real price data by month from January 2000 to December 2011 were used in the analysis. The results of the multivariate cointegration test for four farmed fish showed that there would be no long-term equilibrium relationships among farmed fish species, and consequently they do not share the same market. The results of bivariate cointegration test indicated that there was little evidence to suggest that all farmed fish species were cointegrated each other. However, it was only analyzed that olive flounder and grey mullet might have a long run equilibrium relationship.
market interaction;cointegration analysis;ADF test;aquaculture;
 Cited by
자연산 어류와 양식산 어류 간의 가격 경합성 분석,김도훈;김혜성;

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