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Title: Spatial Integration in the Spanish Mackerel Market
Authors: Garcia-Enriquez, Javier; Hualde, Javier; Arteche, Josu; Murillas-Maza, Arantza
Citation: JOURNAL OF AGRICULTURAL ECONOMICS, 2014, 65, 234-256
Abstract: This article analyses the potential links between regional first-sale markets for mackerel in Spain using fractional cointegration techniques. The results indicate that this is not an integrated market, and we demonstrate that there are no links, at least in the long term, between any of Spain's five regional markets. This result has significant implications in policy terms, as local, regional and European authorities must take into account the need to apply distinct local policies.
Keywords: Fisheries markets; fractional cointegration; long memory; mackerel; seasonality; LOG-PERIODOGRAM REGRESSION; CYCLICAL LONG MEMORY; LOCAL WHITTLE ESTIMATION; FRACTIONAL-INTEGRATION; AUTOREGRESSIVE MODEL; RANGE DEPENDENCE; TIME-SERIES; COINTEGRATION; INFERENCE; SYSTEMS
Issue Date: 2014
Publisher: WILEY-BLACKWELL
Type: Article
Language: English
DOI: 10.1111/1477-9552.12020
URI: http://dspace.azti.es/handle/24689/375
ISSN: 0021-857X
E-ISSN: 1477-9552
Funder: Spanish Ministry of Science and Innovation [ECO2010-15332]
ERDF
Spanish Ministry of Economy and Competitiveness [ECO2011-24304]
University of the Basque Country UPV/EHU
UFI Sustainable Economics \& Welfare of the University of the Basque Country UPV/EHU
EU [FP7-KBBE-2011-5]
Basque Government
Appears in Publication types:Artículos científicos



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