IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2021-06-10.html

Market Structure and Market Performance of Tuna Value Chain: A Case Study of Yellowfin Tuna and Bigeye Tuna Value Chain in Three South Central Provinces of Vietnam

Author

Listed:
  • Nguyen Dang Hoang Thu

    (Faculty of Project Management, The University of Danang and University of Science and Technology, Da Nang, Vietnam,)

  • Cao Le Quyen

    (Vietnam Institute of Fisheries Economics and Planning, Ha Noi, Vietnam)

  • Le Thi Minh Hang

    (Faculty of Business Administration Management, The University of Danang University of Economics, Da Nang, Vietnam)

  • Nang Thu Tran Thi

    (Faculty of Fishery, Vietnam National University of Agriculture, Ha Noi, Vietnam)

  • Philippe Lebailly

    (Department of Economy and Rural Development, Faculty of Gembloux Agro-Bio Tech, Liege University, Gembloux, Belgium,)

Abstract

A value chain integrated Structure Conduct Performance (SCP) framework applied in agribusiness products in general and fishery products, in particular, is of great significance in conceptualizing strategy design specifically to a value chain segment in a territory in terms of economic development. This study analysed the market structure and financial performance of each actor in the tuna value chain in three South Central provinces of Vietnam to provide an overview of the economic efficiency of the value chain. We interviewed 315 respondents, including shipowners, middle-persons, and processors, directly related to the tuna value chain in 2018. The market concentration of each actor was quantitatively determined by the Lorenz curve and Gini coefficient. Actor s financial performance was calculated by costs and earnings models. The results showed that the market structure of middle-persons and processors tended to be monopolistic while shipowner s market structure tended to be in perfect competition. The processors received the highest return compared to other actors due to their highest value-added contribution and the most significant business scale. Several policy interventions were suggested to improve the economic efficiency of the value chain.

Suggested Citation

  • Nguyen Dang Hoang Thu & Cao Le Quyen & Le Thi Minh Hang & Nang Thu Tran Thi & Philippe Lebailly, 2021. "Market Structure and Market Performance of Tuna Value Chain: A Case Study of Yellowfin Tuna and Bigeye Tuna Value Chain in Three South Central Provinces of Vietnam," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 11(6), pages 94-113.
    • Handle: RePEc:eco:journ1:2021-06-10
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijefi/article/download/11911/pdf
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijefi/article/view/11911/pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. James Brock & Norman Obst, 2009. "Market Concentration, Economic Welfare, and Antitrust Policy," Journal of Industry, Competition and Trade, Springer, vol. 9(1), pages 65-75, March.
    2. Joe S. Bain, 1951. "Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936–1940," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(3), pages 293-324.
    3. repec:bla:devpol:v:28:y:2010:i:2:p:173-194 is not listed on IDEAS
    4. Condon, Andrew M. & Cotterill, Ronald W. & Rhodes, V. James & Shaffer, James D. & Staatz, John M., 1987. "Cooperative Theory: New Approaches," Service Reports (SR) 280614, United States Department of Agriculture, Rural Development.
    5. Cotterill, Ronald W, 1986. "Market Power in the Retail Food Industry: Evidence from Vermont," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 379-386, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stefan Hirsch & Jan Schiefer, 2016. "What Causes Firm Profitability Variation in the EU Food Industry? A Redux of Classical Approaches of Variance Decomposition," Agribusiness, John Wiley & Sons, Ltd., vol. 32(1), pages 79-92, January.
    2. Ronald W. Cotterill, 1989. "Private Initiatives for Rural Development: Ideological Cop Out or Engine for Progress," Food Marketing Policy Center Research Reports 003, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    3. Abdur Chowdhury, 1996. "An empirical test of the structure‐conduct‐performance paradigm in the Asian and Pacific basin countries," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 1(2), pages 233-251.
    4. Sellers-Rubio, Ricardo & Más-Ruiz, Francisco J., 2009. "Efficiency vs. market power in retailing: Analysis of supermarket chains," Journal of Retailing and Consumer Services, Elsevier, vol. 16(1), pages 61-67.
    5. Putsis, William Jr. & Dhar, Ravi, 2001. "An empirical analysis of the determinants of category expenditure," Journal of Business Research, Elsevier, vol. 52(3), pages 277-291, June.
    6. John Van Reenen, 2018. "Increasing differences between firms: market power and the macro-economy," CEP Discussion Papers dp1576, Centre for Economic Performance, LSE.
    7. Brian Dollery & Michael Kortt & Bligh Grant, 2013. "Options for rationalizing local government structure: a policy agenda," Chapters, in: Santiago Lago-Peñas & Jorge Martinez-Vazquez (ed.), The Challenge of Local Government Size, chapter 10, pages 242-262, Edward Elgar Publishing.
    8. Cook, Michael L. & Burress, Molly J. & Iliopoulos, Constantine, 2008. "New Producer Strategies: The Emergence of Patron-Driven Entrepreneurship," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44397, European Association of Agricultural Economists.
    9. Mayank JAIN, 2023. "Disentangling the Concentration-Performance Nexus: An Empirical Study of Indian-Listed Firms Across Diverse Industries," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 4(4), pages 59-72, April.
    10. Daniel Czarnievicz & Leandro Zipitría, 2018. "Concentración y precios en cinco mercados minoristas," Documentos de Trabajo (working papers) 0618, Department of Economics - dECON.
    11. Hernant, Mikael & Julander, Claes-Robert, 2020. "Does local competition make a difference for store profitability?: An empirical study of 168 Swedish supermarkets," SSE Working Paper Series in Business Administration 2020:4, Stockholm School of Economics.
    12. Ronald W. Cotterill, 1998. "Estimation of Cost Pass Through to Michigan Consumers in the ADM Price Fixing Case," Food Marketing Policy Center Research Reports 039, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    13. Bishnu Prasad Neupane, 2016. "Competition in Nepalese Commercial Banks," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 28(2), pages 75-89, October.
    14. Richard J. Volpe & Nathalie Lavoie, 2008. "The Effect of Wal-Mart Supercenters on Grocery Prices in New England," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(1), pages 4-26.
    15. Cotterill, Ronald W. & Haller, Lawrence E., 1988. "Entry Barriers, The Queue Of Potential Entrants, And Entry Into Food Retailing Markets," Working Papers 115903, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    16. Abuzayed, Bana & Ben Ammar, Mouldi & Molyneux, Philip & Al-Fayoumi, Nedal, 2024. "Corruption, lending and bank performance," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 802-830.
    17. Chaddad, Fabio Ribas, 2006. "Investment Constraints in Agricultural Cooperatives: Theory, Evidence and Solutions," 44th Congress, July 23-27, 2006, Fortaleza, Ceará, Brazil 143259, Sociedade Brasileira de Economia, Administracao e Sociologia Rural (SOBER).
    18. Davis, David E., 2009. "Price and promotion effects of supermarket mergers," SDSU Working Papers in Progress 12009, South Dakota State University, Department of Economics, revised Jun 2010.
    19. Schmalensee, Richard L., 1987. "Empirical studies of rivalrous behavior," Working papers 1990-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    20. Aubakirova Damira & Jaxybekova Galiya Narimanovna & Yespergenova Lyazzat & Bezhan Rustamov & Alimshan Faizulayev & Festus Victor Bekun, 2022. "Competition Determinants of Eurasian Economic Union Oil and Gas Companies," International Journal of Energy Economics and Policy, International Journal of Energy Economics and Policy, vol. 12(2), pages 336-341, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2021-06-10. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Monica Sinhat (email available below). General contact details of provider: https://econjournals.com/index.php/ijefi .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.