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Measurement Of Substitutability Between U.S. Domestic Catfish And Imported Fish


  • Lee, Young-Jae
  • Kennedy, P. Lynn


This study examines p-interdependence and quantifies q-substitutability between domestic catfish and different species of imported fish in the U.S. fish market. In doing so, this study uses cointegration analyses for p-interdependence and structural analyses for q-substitutability. Cointegration analysis identifies the long run price equilibria between U.S. domestic catfish and different species of imported fish. The structural analyses show a degree of q-substitutability.

Suggested Citation

  • Lee, Young-Jae & Kennedy, P. Lynn, 2009. "Measurement Of Substitutability Between U.S. Domestic Catfish And Imported Fish," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46782, Southern Agricultural Economics Association.
  • Handle: RePEc:ags:saeana:46782

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    References listed on IDEAS

    1. Kjell G. Salvanes, 1997. "Market Delineation and Demand Structure," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 139-150.
    2. James Eales & Catherine Durham & Cathy R. Wessells, 1997. "Generalized Models of Japanese Demand for Fish," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1153-1163.
    3. Dickey, David A & Rossana, Robert J, 1994. "Cointegrated Time Series: A Guide to Estimation and Hypothesis Testing," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 56(3), pages 325-353, August.
    4. Seale, James L., Jr. & Lee, Jonq-Ying & Schmitz, Andrew & Schmitz, Troy G., 2005. "Import Demand for Fresh Fruit in Japan and Uniform Substitution for Products from Different Sources," Monographs, University of Florida, International Agricultural Trade and Policy Center, number 15700.
    5. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July.
    6. Dolado, Juan J & Jenkinson, Tim & Sosvilla-Rivero, Simon, 1990. " Cointegration and Unit Roots," Journal of Economic Surveys, Wiley Blackwell, vol. 4(3), pages 249-273.
    7. Neves, Pedro Duarte, 1994. "A class of differential demand systems," Economics Letters, Elsevier, vol. 44(1-2), pages 83-86.
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    cointegration; structural analyses; fish; imports; p-interdependence; and q-substitutability; International Relations/Trade;

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