Journal of the Korean Society of Fisheries and Ocean Technology (수산해양기술연구)

The Korean Society of Fisheries and Ocean Technology (한국수산해양기술학회)
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An analysis on the relationship between prices and catch amounts of sandfish using a cointegration test

공적분 검정을 이용한 도루묵 어획량과 시장가격 간의 관계분석

  • Seo, Young-Il (Fisheries Resources Research Division, NFRDI) ;
  • Chung, Young-Hoon (National Fisheries Research and Development Institute) ;
  • Kim, Do-Hoon (Department of Marine Business and Economics, Pukyong National University)
  • Received : 2014.10.27
  • Accepted : 2014.11.24
  • Published : 2014.11.30
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Abstract

This study aimed to analyze the relationship between catch amount and market price of sandfish for improvement of fishing revenues and effective fisheries management. By estimating the sandfish price function by fishery, the study tried to investigate changes of prices by catch amount as well as changes of fishing revenues by catch amount and price. Results showed that time series data on catch and price were estimated to be non-stationary from unit root tests, but long-term equilibrium relations between catch amount and price were found from a cointegration analysis. Results of regression analyses indicated that the catch amount would have negative impacts on prices of sandfish in both coastal gillnet and danish seine fisheries.

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  1. Evaluating the TAC Policy in the Sandfish Stock Rebuilding Plan vol.46, pp.1, 2015, https://doi.org/10.12939/FBA.2015.46.1.029
  2. An Analysis of Changes in Catch Amount of Offshore and Coastal Fisheries by Climate Change in Korea vol.46, pp.2, 2015, https://doi.org/10.12939/FBA.2015.46.2.031