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Structural Breaks in the European and US Market for Salmon



This study investigates a possible structural break in the relationship between the price of Norwegian salmon\ud exported to the EU and prices of Chilean salmon exported to the US. A structural break is expected in the spring/summer\ud 1997 because restrictions on price and quantum on Norwegian salmon was introduced at this time. A test for cointegration\ud suggests that there is a long term relationship between prices of salmon in the EU and US before and after the break. A Chow\ud test reveals that that there is a distinct structural break in May 1997. The study can and will be improved in subsequent\ud studies by using better tests for cointegration

Topics: Fisheries Economics, Markets and Trade, Price Analysis and Demand Estimation
Publisher: International Institute of Fisheries Economics and Trade
Year: 2001
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Provided by: ScholarsArchive@OSU
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