<?xml version="1.0"?>
<oai_dc:dc xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
  <dc:title>Price transmission between energy and fish markets : are oil rates good predictors of tuna prices ?</dc:title>
  <dc:creator>/Guillotreau, Patrice</dc:creator>
  <dc:creator>Lantz, F.</dc:creator>
  <dc:creator>Nadzon, L.</dc:creator>
  <dc:creator>/Rault, Jonathan</dc:creator>
  <dc:creator>/Maury, Olivier</dc:creator>
  <dc:subject>Cointegration</dc:subject>
  <dc:subject>oil and tuna markets</dc:subject>
  <dc:subject>regime shift</dc:subject>
  <dc:subject>structural breaks</dc:subject>
  <dc:description>Because most food processes are fossil fuel-based, many food markets are more or less connected to the oil market. Fishing technology in the high seas being energy-intensive, higher oil prices should affect the fish markets. This research looks at price transmission between marine diesel oil and a global fishery commodity, frozen skipjack tuna (Katsuwonus pelamis) through a time series analysis combining four different methods to look for possible structural breaks and regime shifts in the relationship (Bai-Perron, Lavielle, Gregory-Hansen, Markov-switching). Our results prove that the long-run equilibrium between both prices is weakening after the turn of the 2010s. Explaining the drivers of change is of great interest for short-term forecast but also to build long-term scenarios where both supply and demand variables are likely to affect tuna markets.</dc:description>
  <dc:date>2023</dc:date>
  <dc:type>text</dc:type>
  <dc:identifier>https://www.documentation.ird.fr/hor/fdi:010086753</dc:identifier>
  <dc:identifier>fdi:010086753</dc:identifier>
  <dc:identifier>Guillotreau Patrice, Lantz F., Nadzon L., Rault Jonathan, Maury Olivier. Price transmission between energy and fish markets : are oil rates good predictors of tuna prices ?. 2023, 38 (1), 29-46</dc:identifier>
  <dc:language>EN</dc:language>
  <dc:coverage>MONDE</dc:coverage>
</oai_dc:dc>
