TY - JOUR
T1 - Testing market integration for Japanese retail seafood markets
AU - Aruga, Kentaka
AU - Li, Raymond
PY - 2016/4
Y1 - 2016/4
N2 - Although Japan is one of the largest seafood-consuming countries, with various types of seafood products traded throughout the nation, few studies have explored how this market is integrated from the aspect of market price. Because Japanese consumers in different regions have different preferences for seafood, we focused our study to see how the regional seafood retail markets (Tokyo, Osaka, Nagoya, Sapporo, and Fukuoka) are integrated for 10 major seafood products (horse mackerel, short-necked clams, yellowtail, scallops, cuttlefish/squid, flounder, tuna, mackerel, saury, and octopus) consumed in Japan. We applied the relatively new Phillips-Sul convergence test for our analysis. For most of the seafood products investigated in this study, our results indicate that the Japanese regional seafood markets cannot be integrated as a whole and that marketing strategies need to consider the peculiar characteristics of the regional seafood markets.
AB - Although Japan is one of the largest seafood-consuming countries, with various types of seafood products traded throughout the nation, few studies have explored how this market is integrated from the aspect of market price. Because Japanese consumers in different regions have different preferences for seafood, we focused our study to see how the regional seafood retail markets (Tokyo, Osaka, Nagoya, Sapporo, and Fukuoka) are integrated for 10 major seafood products (horse mackerel, short-necked clams, yellowtail, scallops, cuttlefish/squid, flounder, tuna, mackerel, saury, and octopus) consumed in Japan. We applied the relatively new Phillips-Sul convergence test for our analysis. For most of the seafood products investigated in this study, our results indicate that the Japanese regional seafood markets cannot be integrated as a whole and that marketing strategies need to consider the peculiar characteristics of the regional seafood markets.
KW - Convergence test
KW - Granger causality
KW - Japanese retail seafood market
KW - Market integration
UR - http://www.scopus.com/inward/record.url?scp=84935085949&partnerID=8YFLogxK
UR - http://www.mendeley.com/research/testing-market-integration-japanese-retail-seafood-markets
U2 - 10.1111/1467-8489.12121
DO - 10.1111/1467-8489.12121
M3 - Article
AN - SCOPUS:84935085949
SN - 1364-985X
VL - 60
SP - 212
EP - 226
JO - Australian Journal of Agricultural and Resource Economics
JF - Australian Journal of Agricultural and Resource Economics
IS - 2
ER -