IDEAS home Printed from https://ideas.repec.org/a/ucp/mresec/doi10.1086-706375.html
   My bibliography  Save this article

Market Integration and Demand for Prawns in Australia

Author

Listed:
  • Peggy Schrobback
  • Sean Pascoe
  • Rui Zhang

Abstract

While prawns are produced domestically, most prawns currently consumed in Australia are imported from Asia. Local producers are concerned that these imports are depressing prices for their product, and future growth in imports due to increased global supplies would reduce their viability. We examined the price integration of prawn products within the Australian market using the autoregressive distributed lag (ARDL) bounds testing method. A Dynamic Inverse Almost Ideal Demand System (IAIDS) was employed to derive own- and cross-price flexibilities and scale flexibilities for the three prawn categories to determine whether the supply of one prawn product had an impact on the price of the other prawn products. The results suggest there is no price integration between domestically produced prawns (wild-caught and aquaculture) and imported prawns, but strong price integration exists between domestically produced prawns. The findings of the demand analysis confirm this result.

Suggested Citation

  • Peggy Schrobback & Sean Pascoe & Rui Zhang, 2019. "Market Integration and Demand for Prawns in Australia," Marine Resource Economics, University of Chicago Press, vol. 34(4), pages 311-329.
  • Handle: RePEc:ucp:mresec:doi:10.1086/706375
    DOI: 10.1086/706375
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/706375
    Download Restriction: Access to the online full text or PDF requires a subscription.

    File URL: http://dx.doi.org/10.1086/706375
    Download Restriction: Access to the online full text or PDF requires a subscription.

    File URL: https://libkey.io/10.1086/706375?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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peggy Schrobback & Eriko Hoshino & Sean Pascoe & Robert Curtotti, 2022. "Market integration of domestic and imported seafood: Insights from the Sydney Fish Market," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(1), pages 216-236, January.
    2. Sean Pascoe & Peggy Schrobback & Eriko Hoshino & Robert Curtotti, 2023. "Impact of changes in imports and farmed salmon on wild-caught fish prices in Australia," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(2), pages 335-359.

    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:ucp:mresec:doi:10.1086/706375. 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: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/MRE .

    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.