Abstract
This study estimates the dynamic impacts of the seafood industry and investigates multivariate relationships between basic and nonbasic sectors. The study regions are two fishery-dependent regions in Alaska, which are heavily dependent on extra-regional inputs such as non-resident labor and imports of intermediate inputs. This study follows Johansen's approach and develops a vector autoregressive error correction model, which has the advantage of properly attributing the impact of shocks, directly estimating long-run relationships, and identifying the process of adjustment by nonbasic sectors to the long-run equilibrium. Results show that the impacts of the seafood industry are relatively small in the two study regions, whose economies are characterized by large leakages of labor income and large imports of inputs.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
