Analyzing factors affecting Alaska's salmon permit values: evidence from Bristol Bay drift gillnet permits
Institution: | University of Alaska Fairbanks |
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Department: | |
Year: | 2017 |
Keywords: | Pacific salmon fisheries; Alaska; Bristol Bay; Salmon fisheries; Gillnetting |
Posted: | 02/01/2018 |
Record ID: | 2152127 |
Full text PDF: | http://hdl.handle.net/11122/7653 |
The effects of total earnings, total costs and mining exploration on permit prices in Alaska are investigated using an autoregressive distributed lag (ARDL) approach to cointegration. I take specific account of regional and gear specific salmon fisheries that is, Bristol Bay drift gillnet permits in our modelling. I find that there is a stable long-run relationship among permit prices, total earnings, and total costs. It is also found that, in both the short- and long-run, total earnings have a positive and significant relationship with permit prices, while total costs have a negative and significant relationship. Although the mining exploration in the region has a negative and significant effect on permit prices in the short-run, the effect does not seem to last in the long-run.Advisors/Committee Members: Little, Joseph (committee).