Abstract

The purpose of this study is to empirically investigate the asymmetric price transmission(APT) of aquacultured rockfish between the producer and the wholesale markets through an econometrics model and to present policy implications based on the analysis results. The APT between the producer and the wholesale markets of aquacultured rockfish was analyzed by using the autoregressive distributed lag(ARDL) model. In the Tongyeong-Incheon model, it was analyzed that there was no APT, but in the Yeosu-Incheon model, it was analyzed that a positive(+) APT existed. In particular, when the distribution route from the producer to the wholesale is simple or the dependence on a specific wholesale market is high, the APT exists in the distribution market, and it operates inefficiently. Therefore, in order to solve the APT between the producer and the wholesale distribution markets in aquacultured rockfish, it is necessary for producers to use online distribution platforms actively, and the government needs to promote the establishment of a distribution center specialized in live fish.

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