Does El Nino affect the capture fishery production in the Pacific Ocean?

• Main Authors: Ting-An Liu, 劉庭安
• Other Authors: Chun-Ping Chang
• Format: Others
• Language: en_US
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/52147598784051804207

碩士 === 國立中山大學 === 海洋事務研究所 === 100 === 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.