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    Analyzing factors affecting Alaska's salmon permit values: evidence from Bristol Bay drift gillnet permits

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    Author
    Wood, Mackenzie D.
    Chair
    Baek, Jungho
    Committee
    Little, Joseph
    Greenberg, Joshua
    Keyword
    Pacific salmon fisheries
    Alaska
    Bristol Bay
    Salmon fisheries
    Gillnetting
    Metadata
    Show full item record
    URI
    http://hdl.handle.net/11122/7653
    Abstract
    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.
    Description
    Thesis (M.S.) University of Alaska Fairbanks, 2017
    Date
    2017-05
    Type
    Thesis
    Collections
    Economics

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