Market Integration between Cultured and Captured Species in Developing Countries: Lessons from Inland Areas in Bangladesh

dc.contributor.authorHossain, A.
dc.contributor.authorAnkamah-Yeboah, I.
dc.contributor.authorHuda, F.A.
dc.contributor.authorBadiuzzaman
dc.contributor.authorNielsen, M.
dc.date.accessioned2021-12-20T12:03:02Z
dc.date.available2021-12-20T12:03:02Z
dc.date.issued2021
dc.descriptionResearch Articleen_US
dc.description.abstractThe study tested market integration between cultured fish (tilapia and pangasius) against captured fish (hilsa, swamp barb, prawn, wallago, and long-whiskered catfish) in the domestic market of Bangladesh. The Johansen cointegration framework was applied to identify market integration between cultured and captured species using monthly wholesale price data for the period January 2010 to May 2017. The study showed that the law of one price was rejected in all market pairs except the pangasius and long-whiskered catfish pair, suggesting imperfectly integrated markets. The study revealed mixed evidence of weak exogeneity tests, including cul tured and captured led markets as well as bidirectional relationships. Given the fact that cultured fish accounts for a substantial market share, the implication is that the supply growth of aquaculture, all other things being equal, reduces captured fish prices and, subsequently, reduces overexploitation, overcapacity, and the number of fishers in a situation where overexploitation is prevalent. This appears to lead to a double gain in the long run, with fish farmers producing and fishers catching more fish.en_US
dc.identifier.otherhttp://dx.doi.org/10.1086/712802
dc.identifier.urihttp://ugspace.ug.edu.gh/handle/123456789/37334
dc.language.isoen_USen_US
dc.subjectCaptured fishen_US
dc.subjectcompetitionen_US
dc.subjectcultured fishen_US
dc.subjecterror correction modelen_US
dc.subjectlaw of one priceen_US
dc.subjectmarket integrationen_US
dc.subjectvectoren_US
dc.titleMarket Integration between Cultured and Captured Species in Developing Countries: Lessons from Inland Areas in Bangladeshen_US
dc.typeArticleen_US

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