This study examines the non-linear cointegrated relationship between capture production and the El Nino/La Nina index using the quantile technique proposed by Xiao (2009). According to the annual sample data of 6 Major Fishing Areas in the Pacific Ocean from 1950 to 2008, our empirical findings provide strong evidence that the cointegrating coefficients follow a time-varying process. They also imply that most of these long-run relationships are influenced by potential shocks over time rather than from maintaining a constant effect consistently. Overall, the contributions of this study not only stresses the importance of the quantile property in cointegrated models, but also provides a viewpoint on the long-run approach that the overall El Nino and La Nina act as engines for capture production.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0116112-130608 |
| Date | 16 January 2012 |
| Creators | Liu, Ting-An |
| Contributors | Chun-Ping Chang, Lee Chien-Chiang, Houng-Yung Chen, Chyi-Lu Jang, Chung-Ling Chen |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0116112-130608 |
| Rights | unrestricted, Copyright information available at source archive |
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