Indian Journal of Economics and Development
Year : 2017, Volume : 13, Issue : 4 First page : ( 693) Last page : ( 700)
Print ISSN : 2277–5412. Online ISSN : 2322-0430.
Article DOI : 10.5958/2322-0430.2017.00232.3
Influencing Variable Effect on Fish Trade a View with Liberalization and WTO Regime
In this study, attempts have been made to evaluate the effect of trade on fish production in relation to liberalization and WTO regime. The secondary data have been used in this study The relationship between fish export and fish production have been measured by curve linear regression models. This is evidence that five order polynomial regression of fish export and fish production showed a very good fit of the model as compared to linear regression and exponential model. There is a significant increase in fish export due to production of fish. Trade-influencing variables measured by C-D function and performance was measured by Compound growth rate. The results revealed that after trade liberalization, the importing quantity increased to meet the domestic requirements and through exporting, GDP, exchange rate and export value raised. After WTO regime, the maximum CGR of 13.82 and 6.17 per cent was recorded for the import and export respectively, and before WTO regime minimum of 4.2 and-29.12 per cent respectively. After WTO regime the trade in fish and fish production were improved and per capita consumption also increased. This work will assist in policy planning and implementing measures to the fisheries sector.