The behavior of hake prices in Chile: is the world market leading?
In this study we analyzed price determination throughout the Chilean hake market chain. To analyze the relationship between different prices participating in this chain, a VECM model was successfully estimated. One cointegration vector was identified. Tests for weak exogenous variables, causality, a...
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| Lenguaje: | English |
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Pontificia Universidad Católica de Valparaíso. Facultad de Recursos Naturales. Escuela de Ciencias del Mar
2014
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oai:scielo:S0718-560X20140005000132015-11-12The behavior of hake prices in Chile: is the world market leading?Quezada,FelipeDresdner,Jorge hake fish price determination time series market chain cointegration market integration Chile In this study we analyzed price determination throughout the Chilean hake market chain. To analyze the relationship between different prices participating in this chain, a VECM model was successfully estimated. One cointegration vector was identified. Tests for weak exogenous variables, causality, and significance of different variables were performed, and a parsimonious version of the model was selected. The results obtained in this paper outline a price determination process that, in the end, is governed by world market conditions. Moreover, the diverse links in the hake market chain seem to be well integrated, which implies that there is little room for domestic price determination.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Valparaíso. Facultad de Recursos Naturales. Escuela de Ciencias del MarLatin american journal of aquatic research v.42 n.5 20142014-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-560X2014000500013en10.3856/vol42-issue5-fulltext-13 |
| institution |
Scielo Chile |
| collection |
Scielo Chile |
| language |
English |
| topic |
hake fish price determination time series market chain cointegration market integration Chile |
| spellingShingle |
hake fish price determination time series market chain cointegration market integration Chile Quezada,Felipe Dresdner,Jorge The behavior of hake prices in Chile: is the world market leading? |
| description |
In this study we analyzed price determination throughout the Chilean hake market chain. To analyze the relationship between different prices participating in this chain, a VECM model was successfully estimated. One cointegration vector was identified. Tests for weak exogenous variables, causality, and significance of different variables were performed, and a parsimonious version of the model was selected. The results obtained in this paper outline a price determination process that, in the end, is governed by world market conditions. Moreover, the diverse links in the hake market chain seem to be well integrated, which implies that there is little room for domestic price determination. |
| author |
Quezada,Felipe Dresdner,Jorge |
| author_facet |
Quezada,Felipe Dresdner,Jorge |
| author_sort |
Quezada,Felipe |
| title |
The behavior of hake prices in Chile: is the world market leading? |
| title_short |
The behavior of hake prices in Chile: is the world market leading? |
| title_full |
The behavior of hake prices in Chile: is the world market leading? |
| title_fullStr |
The behavior of hake prices in Chile: is the world market leading? |
| title_full_unstemmed |
The behavior of hake prices in Chile: is the world market leading? |
| title_sort |
behavior of hake prices in chile: is the world market leading? |
| publisher |
Pontificia Universidad Católica de Valparaíso. Facultad de Recursos Naturales. Escuela de Ciencias del Mar |
| publishDate |
2014 |
| url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-560X2014000500013 |
| work_keys_str_mv |
AT quezadafelipe thebehaviorofhakepricesinchileistheworldmarketleading AT dresdnerjorge thebehaviorofhakepricesinchileistheworldmarketleading AT quezadafelipe behaviorofhakepricesinchileistheworldmarketleading AT dresdnerjorge behaviorofhakepricesinchileistheworldmarketleading |
| _version_ |
1714205134436696064 |