By Jari Setala, Jukka Laitinen, Jarno Virtanen, Kaija Saarni, Max Nielsen, Asmo Honkanen
Fisheries Research, Volume 92, Issues 2-3, August 2008, Pages 196-206, ISSN 0165-7836, DOI: 10.1016/j.fishres.2008.01.020.

Freshwater fish species and Baltic salmon (Salmo salar) are important to small-scale fisheries in Finland and Sweden. The formerly local markets for these species have expanded as trade has been opened up to international competition. In this study we use cointegration analysis to test the spatial integration of freshwater fish markets in Finland and between Finland and Sweden. The analysed fish species are salmon, perch (Perca fluviatilis), pikeperch (Sander lucioperca), European whitefish (Goregonus lavaretus) and pike (Exos lucius), and the data covers ex-vessel prices from 1993 or 1995 to 2004. We found that the regional prices in Finland were cointegrated. This indicates that the prices are determined on a single market in Finland. Moreover, the study suggests that Finnish and Swedish markets in Baltic salmon, whitefish, pikeperch and perch were partially integrated, while integration of pike markets could not be found. The political implication is that an essential part of the local small-scale fisheries' operational environment is determined outside the national borders.
Keywords: Fish markets; Market integration; Freshwater fish species; Cointegration analysis

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