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1 results

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

  • Youngjae Lee, P. Lynn Kennedy
  • Journal:
    Journal of Agricultural and Applied Economics / Volume 42 / Issue 4 / November 2010
    Published online by Cambridge University Press:
    26 January 2015, pp. 631-642

  • 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.