The fisheries and aquaculture sector in Latin America: Exports to East Asia and production

• Published in: PloS one Vol. 17; no. 7; p. e0267862
• Main Authors: Muñiz, Rebeca De las Mercedez Jaime, Jimber del Río, Juan Antonio, Jiménez Beltrán, Francisco Javier, Vera Gilces, Paúl
• Format: Journal Article
• Language: English
• Published: San Francisco Public Library of Science 26.07.2022; Public Library of Science (PLoS)
• Subjects: Analysis; Aquaculture; Aquaculture industry; Biology and Life Sciences; Cointegration analysis; Commercial fishing; Developing countries; Earth Sciences; Econometrics; Economic aspects; Economic conditions; Economic development; Economic growth; Error correction & detection; Exports; Fish; Fish industry; Fish production; Fisheries; Fishing; GDP; Generalized method of moments; Gross Domestic Product; Hypotheses; International agreements; International trade; LDCs; Method of moments; People and Places; Regression analysis; Seafood; Social Sciences; Tariffs; Trade agreements; Variables; East Asia; Latin America; South Korea; Pakistan; Asia; United States > US; China; Japan; Chile; Peru
• ISSN: 1932-6203; 1932-6203
• DOI: 10.1371/journal.pone.0267862

The Asian giant has agitated foreign trade in Latin America due to easy access to this market, tariff policies, and international agreements. In the face of a globalized world, in the last decade fisheries and aquaculture entrepreneurs of Latin American countries have taken on the challenge of getting their products known at International Fisheries and Aquaculture Exhibition fairs in Asian countries, which has generated an increase in the exportation of their products. Fishing and aquaculture exports are a variable of the economy of each country reflected in the gross domestic product and foreign exchange results. The present research work analyzed the fishing and aquaculture sector through the first difference Generalized Method of Moments estimator to establish the behavior of exports from Latin American countries to Asia, the production of each Latin American country, and the subsequent effect on the economic growth of the fishing and aquaculture sector during the period 2012–2019. The findings of this article suggest the significant positive relationship between output and economic growth, and a non-significant negative relationship between exports to East Asia and the economy.