The Journal of Fisheries Business Administration (수산경영론집)

The Korean Society of Fisheries Business Administration (한국수산경영학회)
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Price Stabilization Effect of the Fisheries Outlook Project

수산업관측사업의 가격안정화 효과 분석

  • Sang-Ho Lee (Department of Food Economics and Services, YeungNam Univsersity) ;
  • Won-Ho Chung (Department of Food and Resource Economics, Pusan National University)
  • 이상호 (영남대학교 식품경제외식학과) ;
  • 정원호 (부산대학교 식품자원경제학과)
  • Received : 2022.08.01
  • Accepted : 2022.12.07
  • Published : 2022.12.31
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Abstract

This paper analyzed the price stabilization before and after the fisheries outlook project for seaweed, flatfish, and abalone. First, the stabilization effect was analyzed through the price variation coefficient before and after the observation project. In terms of the variation coefficient, there was no effect that the price was stabilized through the seaweed outlook project. However, it can be seen that flatfish and abalone have a price-stabilizing effect. Second, as a result of analyzing the price stabilization effect through the improved ARMA-T-GARCH model, it was confirmed that seaweed was not statistically significant while flatfish and abalone had a price stabilization effect by statistically significantly reducing volatility of real prices after the introduction of the fisheries outlook project. Third, as a result of analyzing the factors affecting price stability, it was found that the price of seaweed was stabilized after the WTO, but the Japanese earthquake expanded the price volatility. In the case of flatfish, it was analyzed that the price stabilized after the WTO and the Great Japanese Earthquake. Finally, the price of abalone has stabilized since the WTO and the Great Japanese Earthquake.

Keywords

Acknowledgement

이 논문은 부산대학교 기본연구지원사업(2년)에 의하여 연구되었음

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