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An Estimation on the Market Size of Aqua-cultured Flatfish in Korea
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 Title & Authors
An Estimation on the Market Size of Aqua-cultured Flatfish in Korea
Kim, Bae-Sung; Kim, Chung-Hyeon; Cho, Jae-Hwan; Lee, Nam-Su;
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 Abstract
The purpose of This paper is to address the development on supply-demand outlook model of aqua-cultured korean Flatfish and introduces a projection of supply-demand and market prices during 2015-2017 using developed model. The supply-demand outlook model is composed as a partial equilibrium model of Korean Flat fish. Each equation in the model is estimated by the econometric techniques. A reviews of the demand-outlook model stability is also carried out by the references based on RMSPE. MAPE, and Theil`s inequality coefficients. According to the reference of RMSPE, the error rates of the forecasting values of the aqua culture area, culturing quantity, production quantity, market price show less than 4%, The production quantity and farm price are predicted respectively to be 42,561MT and 10,191KW per kg in 2017.
 Keywords
Aqua-cultured Korean Flatfish;Supply-Demand Outlook model;Partial Equilibrium Model;RMSPE;Theil`s inequality Coefficient;
 Language
Korean
 Cited by
1.
수급모형을 이용한 양식넙치의 생산 및 출하조절 효과분석,고봉현;

한국수산경영학회지:수산경영론집, 2016. vol.47. 4, pp.65-75 crossref(new window)
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