...
首页> 外文期刊>Ocean & coastal management >Spatial integration of the Caspian Sea bony fish market: An application of the seasonal co-integration approach to monthly data
【24h】

Spatial integration of the Caspian Sea bony fish market: An application of the seasonal co-integration approach to monthly data

机译:里海骨鱼市场的空间整合:季节性协整方法在月度数据中的应用

获取原文
获取原文并翻译 | 示例
           

摘要

Analysis of spatial integration (co-integration) will make an important contribution to the literature of market structure. The analysis presents an index of spatial markets' efficiency and tests law of one price in the fish markets of Guilan and Mazandaran. The seasonal and monthly nature of price series creates fluctuating market conditions. So this study was done to investigate spatial integration of markets for different types of marine bony fish in Guilan and Mazandaran over a period of 120 months from 2001:1 to 2010:12. Given that the fishing season is from October to late April, all prices of illegal fishing registered in the Iran Fisheries Organization were used for the remaining five months (May to September). The modern approach of analyzing seasonal unit roots and estimating Seasonal Error Correction Model (SECM) was used in the study. Results showed that there has been seasonal co-integration in markets for different types of bony fish and spatial markets obeyed law of one price in both Mazandaran and Guilan. Therefore, this long run seasonal dynamics approach needs to be considered in error correction computations and finally forecasting and policymaking for future situation in the various fish markets. Otherwise, price policy and market planning will fail to achieve appropriate efficiency in terms of spatial markets in the long-term.
机译:空间整合(协整)的分析将对市场结构的文献做出重要贡献。该分析提出了空间市场效率的指标,并检验了桂兰和马赞丹兰鱼市场的一价定律。价格序列的季节性和月度性质会造成波动的市场条件。因此,本研究的目的是调查从2001:1到2010:12的120个月期间,桂兰和马赞达兰不同类型的海水鲈鱼的市场空间整合。鉴于捕鱼季节是从10月到4月下旬,剩余五个月(5月到9月)使用了在伊朗渔业组织注册的所有非法捕鱼价格。在研究中使用了分析季节性单位根源和估计季节性误差校正模型(SECM)的现代方法。结果表明,在马赞达兰和桂兰,不同类型的骨鱼市场存在季节性协整,而空间市场遵循一价定律。因此,这种长期的季节性动态方法需要在纠错计算中以及最终针对各种鱼市的未来状况进行预测和决策时考虑。否则,长期而言,价格政策和市场计划将无法在空间市场上实现适当的效率。

著录项

  • 来源
    《Ocean & coastal management》 |2013年第11期|174-179|共6页
  • 作者单位

    Department of Agricultural Economics, University of Tehran, Iran,Department of Agricultural Resource Economics, University of Maryland, USA,Department of Agricultural Economics, University of Tehran, Iran;

    Department of Agricultural Economics, University of Tehran, Iran;

    Department of Agricultural Economics, University of Tehran, Iran;

    Department of Agricultural Economics, University of Tehran, Iran;

    Economic Studies Group, Iranian Fisheries Research Organization (IFRO), Iran;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号