Source-Based Preferences and U.S. Salmon Imports
AbstractThis study examined U.S. demand for salmon imports differentiated by source (Canada, Chile, and the rest of the world [ROW]), product cut (fillets and other salmon products), and form (fresh and frozen). The Rotterdam model was used in estimation, and source-aggregation tests were performed to determine the significance of source differentiation in analysis. We also performed separability tests to determine if import preferences were source-wise dependent or source independent. Test results strongly reject source aggregation; however, source-wise dependence could not be rejected. Furthermore, source-aggregated demand was significantly more price-elastic when compared to source-wise dependent demand. Results show that import preferences are not homogeneous across exporting countries, and there is significant information loss when source differentiation is not considered.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 26 (2011)
Issue (Month): 3 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Imports; demand; source differentiation; salmon; Rotterdam model; United States; Institutional and Behavioral Economics; International Relations/Trade; Public Economics; Research Methods/ Statistical Methods; F14; Q11; Q17; Q22;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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