Seasonality and cointegration in the fishing industry of Cornwall

Christos Floros, Pierre Failler

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    Abstract

    This paper examines the evidence for seasonal effects and cointegration between fisheries prices of main species landed into Cornwall. This is the first comprehensive study of fisheries seasonality. The results show significant monthly effects in April and negative monthly effects in February. We also find cointegration between prices, and show that in the long run prices are converged. The results also reveal that Granger causality is unidirectional in fourteen cases and bi-directional in six cases. Examining the form and magnitude of seasonal fluctuations and fish price linkages can be beneficial to fisheries managers in their decisions regarding policy, development and management.
    Original languageEnglish
    Pages (from-to)27-52
    Number of pages26
    JournalInternational Journal of Applied Econometrics and Quantitative Studies
    Volume1
    Issue number4
    Publication statusPublished - 2004

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