IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v46y2014i32p3942-3953.html
   My bibliography  Save this article

Disentangling supply and demand shifts: the impacts on world salmon price

Author

Listed:
  • Eivind Hestvik Brækkan

Abstract

To understand price changes, one must determine the relative impact of supply and demand shifts on price. Conditional on predetermined supply and demand elasticities, we retrieve yearly shifts in regional supply and demand. The relative impact on price from each supply and demand shift is determined through an equilibrium displacement model (EDM). This procedure is applied on a yearly basis for the world salmon market in the period 2002 to 2011. The results indicate a large variation in demand and supply growth both over time and between regions. While average annual price impacts from supply or demand shifts from most regions are not statistically significant, price impacts from supply or demand shifts for specific periods are detected in all but one region. This indicates that the use of smooth trend indicators is likely to be inappropriate for measuring supply and demand shifts and their impacts on price. The procedure presented in this article can be a useful instrument for determining the relative impacts of supply and demand shifts on price in any market with unstable price behaviour.

Suggested Citation

  • Eivind Hestvik Brækkan, 2014. "Disentangling supply and demand shifts: the impacts on world salmon price," Applied Economics, Taylor & Francis Journals, vol. 46(32), pages 3942-3953, November.
    • Handle: RePEc:taf:applec:v:46:y:2014:i:32:p:3942-3953
    DOI: 10.1080/00036846.2014.948674
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2014.948674
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2014.948674?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    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:taf:applec:v:46:y:2014:i:32:p:3942-3953. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    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.