This conference brought together an international group of fisheries economists from academia, business, government, and inter-governmentalagencies, to consider a coordinated project to build an econometric model of the world trade in groundfish. A number of the conference participants had just spent up to six weeks at Memorial University of Newfoundland working and preparing papers on the project. This volume presents the papers that these scholars produced, plus additional papers prepared by other conference participants. In addition, various lectures and discussionswhich were transcribed from tapes made of the proceedings are included. The introductory essay explains the genesis of the conference, describes the approach taken to modelling the groundfish trade, very briefly summarizes the technical papers, and describes future plans. The project is continuing as planned, and a second conference was held in St. John's in August 1990. The conference was a NATO Advanced Research Workshop and we wish to thank the ScientificAffairs Division ofNATO for their financial support. Additional financial support was received from the Canadian Centre for Fisheries Innovation in St. John's, the Department of Fisheries and Oceans of the Government of Canada, the Department of Fisheries of the Government of Newfoundland and Labrador, Memorial University of Newfoundland and Air Nova; we acknowledge with appreciation their help.
Table of Contents1. “The Econometric Modelling of the World Trade in Groundfish: Introduction”.- 2. “Introductory Remarks”.- I Demand Analysis.- 3. “What Do Statistical Demand Curves Show!: A Monte Carlo Study of the Effects of Single Equation Estimation of Groundfish Demand Functions”.- 4. “Can the Literature of Market Delineation Help Define Groundfish Markets?”.- 5. “Alternative Approaches to the Econometric Estimation of Demand Functions”.- II Supply Analysis.- 6. “Modelling Groundfish Supply: A Linear Programming Approach with Application to Newfoundland”.- 7. “Modelling Supply: The Application of a Multi-Output Multi-Input Model to the Atlantic Canada Groundfishery”.- 8. “Modelling Cod Supply: An Econometric Approach with Application to Iceland and Canada”.- 9. “Supply Modelling: A Synthesis”.- III Institutional Factors in Trade Modelling.- 10. “Extended Fishery Jurisdiction and the Internationalization of Groundfish Markets and Market Channels”.- 11. “Methods of Incorporating Institutional and Economic Information in an Economic Model”.- IV An Overview of Supply/Demand Modelling.- 12. “Modelling Natural Resource Commodity Supply, Demand and Trade: Experiences with Forest Products”.- V Institutional Structure: Countries of North America.- 13. “Market Structure: The US-Eastern Canadian Cod Trade”.- 14. “Overview of the Alaska Groundfish Industry”.- 15. “Frozen Cod Products in the US Market”.- 16. “Recent Developments in the Northeast US Fishing Industry”.- 17. “The Supply of Pacific US Groundfish: Harvesting, Processing, Marketing and Regulation”.- 18. “Canadian Joint Venture Arrangements with the Soviet Union”.- VI Institutional Structure: Countries of Latin America.- 19. “Overview of the Chilean Groundfish Industry: Landing, Processing and Marketing”.- 20. “Central American and Caribbean Fisheries: An Overview of Current Activity, Trends and Import Demand”.- VII Institutional Structure: Countries of Europe.- 21. “The Danish Groundfish Industry”.- 22. “A General Review of Institutional Factors and Marketing Channels in the Fisheries of Turkey”.- 23. “The Icelandic Groundfish Industry and Trade: An Overview”.- 24. “The Norwegian Supply of Groundfish with Emphasis on the Supply of Frozen Fillets to the United States”.- 25. “UK Groundfish Markets: An Overview”.- 26. “Institutional Factors and Marketing Channels that Affect the Fishing Industry in Ireland”.- 27. “The Flatfish Industry in the Netherlands: Supply, Processing and Marketing”.- VIII Institutional Structure: Countries of Asia and Australasia.- 28. “ Japanese Markets for Groundfish”.- 29. “Production, Consumption, International Trade and Marketing Channels: Groundfish in Taiwan, Republic of China”.- 30. “An Overview of the Korean Fishery: Production and Trade of Groundfish”.- 31. “New Zealand Fishery: Background, Management Issues, and Groundfish Data”.- IX Conclusions.- 32. “A Summary Review of Fisheries Data and Their Shortcomings”.- 33. “Data Problems and a Proposal for a World Fisheries Data Centre”.- 34. “Concluding Remarks”.- References.