Title

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

Authors

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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