Transmisión vertical de prezos no mercado de produtos pesqueirosO caso da pescada europea en portos de Galicia

  1. Garza Gil, María Dolores
  2. Amigo Dobaño, Lucy
Journal:
Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais

ISSN: 1132-2799

Year of publication: 2013

Volume: 22

Issue: 2

Pages: 79-98

Type: Article

DOI: 10.15304/RGE.22.2.1547 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais

Sustainable development goals

Abstract

Galicia’s first sale markets play an important role in the distribution chain, and the European ha-ke (merluccius merluccius) is one of the most representative species. Therefore, it would be especially inte-resting for the case in hand to analyse the trade relations between the agents that participate in the distri-bution chains and the mechanism for forming the prices of fish products. In this paper we aim to characte-rise price transmissions along the distribution chain of fresh European hake in the Spanish market, focusing on the link between the first-sale markets and wholesalers. The application of econometric methodology will enable us to obtain significant results and reveal long and short-term price transmissions.

Bibliographic References

  • AKAIKE, H. (1969): "Statistical Predicator Identification", Annals of the Institute of Statistical Mathematics, 21, pp. 209-217.
  • AKAIKE, H. (1974): "A New Look at the Statistical Model Identification", IEEE Transactions on Automatic Control, 19 (6), pp. 716-723.
  • ALVAREZ VAZQUEZ, N. (2001): Econometría II: análisis de modelos econométricos de series temporales. Madrid: AC.
  • ARNAIZ, R; DE COO, A. (1977): Artes de marisqueo usadas en la ría de Arousa. Santiago de Compostela: Plan de Explotacion Marisquero de Galicia.
  • ASCHE, F.; FLAATEN, O.; ISAKSEN, J.R.; VASSDAL, T. (2002): "Derived Demand and Relationships between Prices at Different Levels in the Value Chain: A Note", Journal of Agricultural Economics, 53, pp. 101-107.
  • ASCHE, F.; SALVANES, K.G.; SSTEEN, F. (1997): "Market Delineation and Demand Structure", American Journal of Agricultural Economics, 79, pp. 139-150.
  • BEAULIEU, J.J.; MIRON, J. A (1993): "Seasonal Unit Roots in Aggregate U.S. Data", Journal of Econometrics, 55, pp. 305-328.
  • CHEUNG, Y.W.; LAI, K.S. (1993): "A Fraccional Cointegration Analysis of Purchasing Power Parity", Journal of business and Economic Statistics, 11 (1), pp. 103-112.
  • CRUZ, A.I.; AMENEIRO, M. (2007): "Transmision vertical de precios en el mercado nacional de los productos pesqueros frescos", Revista de Economia Aplicada, 15 (44), pp. 85-107.
  • DICKEY, D.A.; FULLER, W. (1979): "Distribution of the Estimators for Autoregressive Time Series with a Unit Root", Journal of the American Statistical Association, 74, pp. 427-431.
  • DICKEY, D.A.; PANTULA, S.G. (1987): "Determining the Order of Differencing in Autoregressive Processes", Journal of Business and Economic Statistics, 5 (4), pp. 455-461.
  • ENGLE, R.; GRANGER, C. (1987): "Co-Integration and Error Correction: Representation, Estimation and Testing", Econometrica, 55 (2), pp. 251-276.
  • ESPANA. MINISTERIO DE AGRICULTURA, ALIMENTACION Y MEDIO AMBIENTE (2011): El consumo alimentario en España en el año 2011. Madrid: MAAMA.
  • ESPANA. MINISTERIO DE AGRICULTURA, PESCA Y ALIMENTACION (2009): La alimentación en España, 2008. Madrid: MAPA.
  • EUROPEAN COMMISSION (2007): Identification and Segmentation of Mixed-Species Fisheries Operating in the Atlantic Iberian Peninsula Waters. (IBERMIX Project). (Final Report to European Commission. Directorate General for Fisheries and Maritime Affairs). (Contract Ref.: FISH/2004/03-33). Brussels: European Commission.
  • FAO (2010): El estado mundial de la pesca y la acuicultura. Roma: FAO.
  • FAO (2011): Yearbook. Fishery and Aquaculture Statistics 2009. Roma: FAO.
  • FRANSES, P.H. (1991): Model Selection and Seasonality in Time Series. (Tinbergen Institute Research Series, 18). Rotterdam: Erasmus University Rotterdam.
  • GARCIA, J.; ARTECHE, J.; MURILLAS, A. (2009): "Integracion vertical en el mercado del verdel en el Pais Vasco", Revista Española de Estudios Agrosociales y Pesqueros, 223, pp. 139-169.
  • GARZA, M.D.; OTERO, M.S.; SURIS, J.C. (1999): "Analisis del mercado de la merluza fresca en Vigo", Revista de Estudios Agrosociales y Pesqueros, 185, pp. 179-191.
  • GORDON, D.V.; HANNESSON, R. (1996): "On Prices of Fresh an Frozen Cod Fish in Euroean and U.S. Markets", Marine Resourse Economics, 11 (4), pp. 223-238.
  • GORDON, D.V.; SALVANES, K.G.; ATKINS, F. (1993): "A Fish Is a Fish is a Fish? Testing Market Linkages on the Paris Fish Market", Marine Resource Economics, 8 (4), pp. 331-343.
  • GRANGER, C. (1969): "Investigating Causal Rations by Econometric Models and Cross--Spectral Methods", Econometrica, 37 (3), pp. 424-438.
  • GRANGER, C. (1981): "Some Propierties of Time Series Data and their Use in Econometric Model Specification", Journal of Econometrics, 16 (1), pp. 121-130.
  • GRANGER, C. (1988): "Some Recent Developments in a Concept of Causality", Journal of Econometrics, 39 (1-2), pp. 199-211.
  • GUILLEN, J. (2008): The Spanish Hake Market: Analysis of Products and Markets Relations Comparing Several Methodologies. (PhD Theses). Barcelona: Universitat de Barcelona.
  • GUILLEN, J. (2010): "Testing for Market Power and Functioning of the Spanish Seafood Supply Chain", Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, pp. 1-12. Montpellier: International Institute of Fisheries Economics and Trade (IIFET).
  • HALL, A. (1994): "Testing for a Unit Root in Time Series with Pretest Data-Based Model Selection", Journal of Business & Economic Statistics, 12 (4), pp. 461-470.
  • HASSLER, U.; MARMOL, F.; VELASCO, C. (2006): "Residual Log-Periodogram Inference for Long--Run Relationship", Journal of Econometrics, 130 (1), pp. 165-207.
  • INTERNATIONAL COUNCIL FOR THE EXPLORATION OF THE SEA (2009): Report of the Working Group on the Assessment of Hake. (Technical Report). Copenhague: ICES.
  • JIMENEZ-TORIBIO, R.; GARCIA DEL HOYO, J.J. (2005): "Integracion vertical y transmision de precios en los canales de distribucion de la chirla", Estudios Agrosociales y Pesqueros, 205, pp. 189-218.
  • JIMENEZ-TORIBIO, R.; GARCIA DEL HOYO, J.J. (2006): "Evidence of Market Price Leadership in the Spanish Red Seabream Value Chain-Implications for Fisheries Management", Fisheries Research, 81 (1), pp. 51-59.
  • JOHANSEN, S. (1988): "Statistical Analysis of Cointegration Vectors", Journal of Economics, Dynamics and Control, 12, pp. 231-254.
  • JOHANSEN, S. (1991): "Estimation and Hypothesis Testing of Cointegrating Vectors in a Gaussian Vector Autorregressive Models", Econometrica, 59 (6), pp. 1551-1580.
  • JOHANSEN, S.; JUSELIUS, K. (1990): "Maximum Likelihood Estimation and Inference on Cointegration with Applications to the Demand for Money", Oxford Bulletin of Economics and Statistics, 52 (2), pp. 169-210.
  • KWIATKOWSKI, D.; PHILLIPS, P.C.B.; SCHMITDT, P.; SHIN, Y. (1992): "Testing the Null Hypothesis of Stationarity Agains the Alternative of a Unit Root. How Sure Are we that Economic Time Series Have a Unit Root?", Journal of Econometrics, 54, pp. 159-178.
  • LEE, T.H.; TSE, Y. (1996): "Cointegration Tests with Conditional Heteroskedasticity", Journal of Econometrics, 73 (2), pp. 401-410.
  • LING, B.H. (2003): "Price Cointegration in Spatial Markets: An Application to Milkfish Markets in Taiwan", Aquaculture Economics and Management, 7 (1-2), pp. 85-94.
  • MACKINNON, J.G. (1991): "Critical Values for Cointegration Test", en R.F. Engle e C.W.J. Granger [ed.]: Long-Run Economic Relationships: Readings in Cointegration, pp. 267-276. Oxford: Oxford University Press.
  • NEWEY, W.; WEST, K. (1987): "A Simple Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix", Econometrica, 55 (3), pp. 703-708.
  • NG, S.; PERRON, P. (1995): "Unit Root Tests in ARMA Models with Data-Dependent Methods for the Selection of theTruncation Lag", Journal of the American Statistical Association, 90, pp. 268-281.
  • NG, S.; PERRON, P. (2001): "Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power", Econométrica, 69 (6), pp. 1519-1554.
  • OSTERWALD-LENUM, M. (1992): "A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics", Oxford Bulletin of Economics and Statistics, 54 (3), pp. 461-472.
  • PERRON, P.; RODRIGUEZ, G. (2003): "GLS Detrending, Efficient Unit Root Tests and Structural Change", Journal of Econometrics, 115 (1), pp. 1-27.
  • PHILLIPS, P.C.B.; PERRON, P. (1988): "Testing for a Unit Root in Time Series Regression", Biometrika, 75, pp. 335-346.
  • REZITIS, A.; STAVROPOULOS, K. (2011): "Price Transmission and Volatility in the Greek Broiler Sector: A Threshold Cointegration Analysis", Journal of Agricultural and Food Industrial Organization, 9 (1), pp. 1-35.
  • SANJUAN, A.I.; GIL, J.M. (2001): "A Note on Tests for Market Integration in a Multivariate Non--Stationary Framework", Journal of Agricultural Economics, 52 (2), pp. 111-119.
  • SNEDECOR, G.W.; COCHRAN, W.G. (1989): Statistical Methods. 8. ed. Ames, IO: Iowa State University Press.
  • SURINACH, J.; ARTIS, M.; LOPEZ, E.; SANSO, A. (1995): Análisis económico regional. Nociones básicas de la teoría de cointegración. Barcelona: Bosch.
  • ZHANG, Z.; LOHR, L.; ESCALANTE, C.E.; WEITZSTEIN, M.E. (2009): "Ethanol, Corn, and Soybean Price Relations in a Volatile Vehicle-Fuels Market", Energies, 2 (2), pp. 320-339.
Data source: Dialnet