Demand for fish in Asia: A cross-country analysis
Date
2008-08-28
Authors
Dey, Madan
Garcia, Yolanda T.
Kumar, Praduman
Piumsombun, Somying
Sirajul Haque, Muhammad
Li, Luping
Radam, Alias
Senaratne, Athula
Tri Khiem, Nguyen
Koeshendrajana, Sonny
Journal Title
Journal ISSN
Volume Title
Publisher
Australian Agricultural and Resource Economics Society Inc.
Abstract
Fish demand patterns in nine Asian countries were investigated using a multistage budgeting framework allowing a disaggregated approach to analysing fish consumption. This paper highlights the heterogeneity of fisheries products in terms of species, sources and cultural responses of consumers, factors that are important in fish demand under the Asian setting. Specifically, fish demand by income groups were compared to determine how the low- and high-income households respond to price and income changes. Results showed that the estimated price and income elasticities of all fish types included in the study were relatively more elastic among the poorer households.
Description
Keywords
Asia, fish demand, inverse mills ratio, multistage budgeting framework, price and income elasticity, quadratic AIDS model, Agricultural Sciences
Citation
Dey, M. M., Garcia, Y. T., Kumar, P., Piumsombun, S., Sirajul Haque, M., Li, L., Radam, A., Senaratne, A., Tri Khiem, N., & Koeshendrajana, S. (2008). Demand for fish in Asia: A cross-country analysis. The Australian Journal of Agricultural and Resource Economics, 52, pp. 321-338.
Rights
Rights Holder
© 2008 The Authors. Journal compilation © 2008 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.