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A Welfare Analysis Of El Nino Forecasts In The International Trade Of Fish Meal - An Application Of Stochastic Spatial Equilibrium Model

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  • Sun, Chin-Hwa
  • Chiang, Fu-Sung
  • Liu, Te-Shi
  • Chang, Ching-Cheng

Abstract

This study identifies the potential marine environment and economic effects of El Nino on anchovy, herring and sardine fisheries in the eastern equatorial Pacific. By considering the uncertainly of El Nino, this study used a stochastic spatial equilibrium model to evaluate the social welfare gains of 1997/98 El Nino forecasts in the international trade of fish-meal.

Suggested Citation

  • Sun, Chin-Hwa & Chiang, Fu-Sung & Liu, Te-Shi & Chang, Ching-Cheng, 2001. "A Welfare Analysis Of El Nino Forecasts In The International Trade Of Fish Meal - An Application Of Stochastic Spatial Equilibrium Model," 2001 Annual meeting, August 5-8, Chicago, IL 20770, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20770
    DOI: 10.22004/ag.econ.20770
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    File URL: https://ageconsearch.umn.edu/record/20770/files/sp01su03.pdf
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    Cited by:

    1. Sun, Chin-Hwa & Chiang, Fu-Sung & Tsoa, Eugene & Chen, Min-Hsiang, 2006. "The effects of El Nino on the mackerel purse-seine fishery harvests in Taiwan: An analysis integrating the barometric readings and sea surface temperature," Ecological Economics, Elsevier, vol. 56(2), pages 268-279, February.

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