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An Empirical Investigation of Interproduct Relationships Between Domestic and Imported Seafood in the U.S.

Published online by Cambridge University Press:  26 January 2015

Youngjae Lee  and
P. Lynn Kennedy
Youngjae Lee
Affiliation:
Research, LSU AgCenter, Baton Rouge, LA
P. Lynn Kennedy
Affiliation:
LSU AgCenter, Baton Rouge, LA
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Abstract

This study seeks to identify interproduct relationships between domestic catfish and a representative selection of imported seafood. In doing so, this study uses multivariate cointegration and structural analyses. Multivariate cointegration analysis suggests that six imported seafood product groupings form a common market with domestic catfish. Structural analysis reveals that 1) domestic and imported catfish are net and gross quantity substitutes; 2) domestic catfish and imported seafood are normal goods; 3) six imported seafood products are identified as gross quantity substitutes for domestic catfish; and 4) according to the derived Allais coefficients, interaction intensities of imported seafood for domestic catfish (from greatest to least) are as follows: tuna, shrimp, salmon, tilapia, catfish, and trout.

Keywords

catfishmultivariate cointegrationquantity substitutabilityseafood importsstructural analysisD12FI0F1lF13
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 42 , Issue 4 , November 2010 , pp. 631 - 642
Copyright
Copyright © Southern Agricultural Economics Association 2010

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