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7 March 2014 The Impact of MSC Certification on a Japanese Certified Fishery
Hiroki Wakamatsu
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Abstract

This article investigates the impact of Marine Stewardship Council (MSC) certification on a Japanese certified fishery. In September 2008, the MSC first certified the Kyoto Danish Seine Fishery Federation (KDSFF) as a sustainable fishery in Asia. In order to examine any impact of MSC certification on the KDSFF, this study examines structural changes in the market. Since no immediate impact of price premium changes can be realized, structural break tests and cointegration tests are conducted. The monthly ex-vessel price of flathead flounder in the Kyoto market is compared with those in the two adjacent uncertified markets. The structural break tests detected a significant impact two months after the KDSFF's certification. The cointegration and Granger causality tests showed that the Kyoto market was previously influenced by other larger markets, but has become less subject to their influence after introduction of MSC certification.

JEL Codes: C32, Q13, Q18, Q22.

© 2014 MRE Foundation, Inc. All rights reserved.
Hiroki Wakamatsu "The Impact of MSC Certification on a Japanese Certified Fishery," Marine Resource Economics 29(1), 55-67, (7 March 2014). https://doi.org/10.1086/676287
Received: 4 January 2013; Accepted: 7 January 2014; Published: 7 March 2014
JOURNAL ARTICLE
13 PAGES

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KEYWORDS
cointegration
Japanese fishery
MSC certification
structural break
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