Paper Title
Market Concentration and Diversification of the Seafood Export of Kerala in the WTO Phases
Article Identifiers
Authors
Dr. Pavanam Thomas , Dr. C. S Shaijumon
Keywords
Market concentration, Market diversification, Time Series, Arima Models, WTO Phases, Seafood Trade.
Abstract
Post WTO period witnesses several changes in the field of international trade in commodities, but the change in seafood exporting sector is peculiarly different. This is because of the participation of developed economies for importing the seafood and developing countries are major exporting ones. Therefore, the hegemony of the developed economies in WTO and Codex committees in seafood trade have made bigger impact in trade with several stipulations on seafood trade. This resulted in market diversification and market concentration by most of developing countries. Sometimes it is beneficial and every so often hindering the trade. In this respect, Kerala’s trade in seafood is to be evaluated and juxtaposed in a wider ramification. Kerala faced cases of rejection of seafood exports with the explanation that the products do not follow the technical standards prescribed by export markets, which consummates into severe trade distortion in the sector. To capture this, a modelling framework suitable to the seafood trade data of Kerala is the time series model of Arima both additive and multiplicative and other types judged on the basis of an expert modeller. Estimation of the various fitted time series model, as per its suitability in the two periods of the WTO phases illustrate that the marine products exported from Kerala to major markets viz. the USA, EU, Japan, SEA and China clearly show that the traditional markets still constitute as a major importer of Kerala’s seafood. There is a change from traditional to new markets in some cases, whereas the US and EU still dominate as major importers of the seafood from Kerala.
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How To Cite (APA)
Dr. Pavanam Thomas & Dr. C. S Shaijumon (August-2024). Market Concentration and Diversification of the Seafood Export of Kerala in the WTO Phases. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(8), d329-d347. https://ijnrd.org/papers/IJNRD2408373.pdf
Issue
Volume 9 Issue 8, August-2024
Pages : d329-d347
Other Publication Details
Paper Reg. ID: IJNRD_227177
Published Paper Id: IJNRD2408373
Downloads: 000121977
Research Area: Engineering
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2408373.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2408373
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