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Louisiana State University

2007

Almost Ideal Demand System

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An Analysis Of The World Shrimp Market And The Impact Of An Increasing Import Base On The Gulf Of Mexico Dockside Price, Pawan Poudel Jan 2007

An Analysis Of The World Shrimp Market And The Impact Of An Increasing Import Base On The Gulf Of Mexico Dockside Price, Pawan Poudel

LSU Master's Theses

As a result of increased cultured activities, the world shrimp market has been expanded significantly during the past two decades. Because the growth in world supply has exceeded that of growth in demand, the deflated world shrimp price has fallen significantly since the mid-1980s. While a large producer of shrimp (primarily in the Gulf of Mexico), the United States is also the world’s largest importer. In general, the Gulf of Mexico dockside price is determined by the world export price and, as such, the Gulf of Mexico price has fallen sharply in recent years. This study quantifies the impact on …