Price Dynamics and Cointegration in the Major Markets of Aquaculture Species in the Philippines
AbstractThis study explores the interdependencies of aquaculture markets in the Philippines by establishing the price cointegration between the wholesale and retail prices of three major species commonly farmed in the country, i.e., milkfish, tilapia, and shrimp. The co-movements of wholesale prices between and among key markets for each species are also investigated. Moreover, exogeneity in prices is established using the Granger-causation model to determine the existence of price leaders among these markets. These information are crucial because they may provide a better understanding of the efficiency in price formation across production and consumption centers. Thus, aquaculture producers and traders may use these information as basis for more efficient farm management and marketing decisions. Appropriate policies for the development of markets for the three aquaculture species are also identified in this study. Such policies are expected to contribute towards more efficient pricing and distribution of benefits among market players and stakeholders. These benefits are expected to manifest through the system of grading standards for fish traded in local markets, and the choice of cost-effective technologies in grow-out and post-production practices.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Southeast Asian Regional Center for Graduate Study and Research in Agriculture in its journal Asian Journal of Agriculture and Development.
Volume (Year): 6 (2009)
Issue (Month): 1 (June)
Note: ORDER INFORMATION. The Head, Knowledge Resources Unit, SEARCA, College, 4031 Los Banos, Laguna, Philippines. E-mail:
Contact details of provider:
Postal: College 4031, Laguna, Philippines
Phone: (63-49) 536-2365
Fax: (63-49) 536-7097
Web page: http://www.searca.org/
More information through EDIRC
Find related papers by JEL classification:
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudia Svetlana Z. Cabrera).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.