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Author: | Elston, J. A. Hastie, J. D. Squires, D. |
Title: | Market linkages between the U.S. and Japan: an application to the fisheries industry |
Journal: | Japan and the World Economy
1999 : DEC, VOL. 11:4, p. 517-530 |
Index terms: | Markets Fishing industry USA Japan |
Freeterms: | Price linkages |
Language: | eng |
Abstract: | Recent trends in globalization of Pacific Basin commodity markets raises important questions concerning the nature of market integration and price linkages. This paper examines this issue by testing for price linkages btw. the United States and Japan for two species. Empirical results indicate segmentation of price linkages for sablefish but probable price linkages for some thornyhead markets. Findings suggest that markets for these species may be less sensitive to price changes in Japan than would be expected based on commodity flows. |
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