The Journal of Fisheries Business Administration (수산경영론집)

The Korean Society of Fisheries Business Administration (한국수산경영학회)
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The Effects of Olive Flounder Outlook Project : Price Stabilization, Market Efficiency, and Causality Analysis on the Prices by Distributional Channel

넙치 관측사업 효과분석 : 가격안정 및 시장효율성 개선효과, 산지-도매가격간 인과성 분석을 중심으로

  • Lee, Heon-Dong (Fisheries Policy Research Division, Korea Maritime Institute) ;
  • Ahn, Byeong-Il (Department of Food and Resource Economics, Korea University)
  • 이헌동 (한국해양수산개발원 수산연구본부) ;
  • 안병일 (고려대학교 식품자원경제학과)
  • Received : 2015.08.25
  • Accepted : 2015.12.18
  • Published : 2016.03.31
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Abstract

The purpose of this study is to assess the effects of outlook project for olive flounder, from the view point of price stabilization, market efficiency, and causality of the prices in different distribution channels. Analytical results show that the volatility of producer price of olive flounder has been significantly mitigated after the implementation of the outlook project. The market efficiency is estimated to be improved after implementing the outlook project although there is an inefficiency on price determination process in some producing regions. The causality test on the producer and wholesale price shows that producing stage leads the wholesale stage in forming the prices. It is found that Jeju leads the flounder price on the size of 500g and 2kg, while Wando leads the price of 1kg size. These estimation result as whole indicate that outlook project for olive flounder has accomplished the intended goals.

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References

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