Market linkages between the US and Japan: an application to the fisheries industry

    Authors

    J. A. Elston; J. D. Hastie;D. Squires

    Comments

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    Abbreviated Journal Title

    Jpn. World Econ.

    Keywords

    price linkages; Granger causality; Japan; COVARIANCE; Economics

    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. (C) 1994 Elsevier Science B.V. All rights reserved. JEL classification: D0; F0; Q0.

    Journal Title

    Japan and the World Economy

    Volume

    11

    Issue/Number

    4

    Publication Date

    1-1-1999

    Document Type

    Article

    Language

    English

    First Page

    517

    Last Page

    530

    WOS Identifier

    WOS:000084004500004

    ISSN

    0922-1425

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