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Examining the long-run relationship between the prices of imported abalone in Japan

Citation

Hoshino, E and Gardner, C and Jennings, S and Hartmann, K, Examining the long-run relationship between the prices of imported abalone in Japan, Marine Resource Economics, 30, (2) pp. 179-192. ISSN 0738-1360 (2015) [Refereed Article]


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Copyright Statement

Copyright 2015 MRE Foundation

Official URL: http://econpapers.repec.org/article/ucpmresec/doi_...

DOI: doi:10.1086/679973

Abstract

The rapid increase in production and trade of farmed abalone products is a presumed threat to wild abalone producing industries due to downward pressure on price. This article explores the long-run relationship and price dynamics of Australian wild-harvested abalone and other abalone imported into the Japanese market within a cointegration framework. Market integration is identified among fresh abalone products from six countries, with fairly stable relative prices, suggesting that Japanese consumers have a low level of product differentiation on the basis of origin. Consumers in the Japanese market are likely to willingly substitute between wild and farmed import product, placing continued pressure on price for Australian wild-harvested abalone suppliers into this market. A challenge for producers of wild-harvested product is the development of marketing strategies to build product differentiation and greater demand for wild products.

Item Details

Item Type:Refereed Article
Keywords:abalone, aquaculture, cointegration, import, Japan, fishery, structural break
Research Division:Agricultural and Veterinary Sciences
Research Group:Fisheries Sciences
Research Field:Fisheries Sciences not elsewhere classified
Objective Division:Animal Production and Animal Primary Products
Objective Group:Fisheries - Wild Caught
Objective Field:Wild Caught Edible Molluscs
Author:Hoshino, E (Dr Eriko Hoshino)
Author:Gardner, C (Professor Caleb Gardner)
Author:Jennings, S (Dr Sarah Jennings)
Author:Hartmann, K (Dr Klaas Hartmann)
ID Code:98975
Year Published:2015
Web of Science® Times Cited:4
Deposited By:IMAS Research and Education Centre
Deposited On:2015-03-11
Last Modified:2017-11-04
Downloads:1 View Download Statistics

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