CRD 05-15
Table 5. Results of
Estimated United States – Canada Market
Model |
| Variable |
Import
Demand
(Pounds) |
Import
Supply
(Pounds) |
U.S.
Ex-Vessel
Price
($US/Pound) |
Canadian
Ex-Vessel
Price
($US/Pound) |
| Intercept |
8.862*
(0.442) |
-3.244*
(0.716) |
1.154*
(0.107) |
0.030
(0.072) |
| Import Price |
-11.642*
(1.328) |
3.515*
(0.666) |
|
|
| Haddock Price t-1 (US) |
1.325*
(0.586) |
|
0.161*
(0.059) |
|
| Haddock Price t-1 (CA) |
|
|
|
0.319*
(0.051) |
| Ex-vessel Cod Price (US) |
2.120*
(0.417) |
|
0.162*
(0.031) |
|
| Landings (US) |
-0.276*
(0.085) |
|
-0.060*
(0.007) |
|
| Landings (CA) |
|
1.220*
(0.088) |
|
-0.251*
(0.034) |
| Landings t-1 (CA) |
|
0.113*
(0.048) |
|
|
| Import Quantity |
|
|
-0.088*
(0.013) |
0.173*
(0.035) |
| Alternative Processed Products
Price |
|
-0.411*
(0.165) |
|
0.314*
(0.036) |
| Time Trend |
0.007*
(0.002) |
|
|
|
| F-Value |
22.73* |
150.06* |
63.25* |
134.24* |
| Adjusted R-square |
0.38 |
0.77 |
0.58 |
0.75 |
*Denotes statistically
significant at the 0.05 level or greater.
Figures in parentheses are standard
errors.
|