Cointegration and Causality: An application to Fresh Hake in the Spanish Market

• Main Authors: Mª Dolores Garza-gil, Juan Surís-regueiro, Mª Soledad Otero-giráldez
• Other Authors: The Pennsylvania State University CiteSeerX Archives
• Format: Text
• Language: English
• Subjects: Hake; North Atlantic
• Online Access: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.153.293; http://www.orst.edu/Dept/IIFET/2000/papers/garzagil2.pdf

Abstract. The european markets for some products are strongly regulated by production and price instruments. In the fishing case, the mayority of instruments are adopted in cetralized way from experts who can only with difficulty consider the market pecularities for some species at a national, regional or local level in their analyses. Knowledge of these differentiating issues followed by consideration of the same, could improve the efficiency of the regulatory measures. This paper examines the long term relationship between the price of fresh hake and small hake in the port of Vigo (Spain). The empirical results show that the markets for both goods are interrelated. Keywords: North Atlantic Hake, Cointegration. 1.