This paper explores the relevance of the error correction specification to agricultural supply modeling. The theoretical basis of the model is outlined, and it is shown how the familiar partial adjustment model is a restrictive special case. In particular it is shown how the error correction...

One of the principal benefits of fisheries is the socio-economic impact on jobs and incomes, not just in fishing, but also in up- and down stream activities. The fishery sector is subject to competitive pressures which impact on labour, as do regulatory requirements and resource and capacity...