Journal Article
Published 2024
Demand for Fish in Urban Malawi: An Almost Ideal Estimation
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Dr. Fredrick M. Banda
Main Author
Business Management
11 total publications
I am an energetic and enthusiastic man with a Doctor of Philosophy Degree in Agricultural and Resource Economics. I am a result-oriented and a good team player with excellent communication and analytical skills. Additionally, I am committed to contin...
UN Sustainable Development Goals
Global Impact
Primary Author
Dr. Fredrick M. Banda
Co-Authors
Dr. Fredrick M. Banda
Abstract
There is a general consensus, among marketers, that dealing with competition requires their engagement with customers so as to build strong customer relationships. The purpose of this study is to find factors that influence the demand for various fish species caught and consumed in Malawi. Previous studies treated fish as a homogenous commodity even though there are different species of fish. This study is, therefore, the first to provide a disaggregated analysis of the demand for fish in Malawi employing primary data collected from the households in Blantyre city using a multistage stratified random sampling procedure. Results indicate that all the fish species used in the study, except matemba (Barbus paludinosus), are complementary and normal goods. Policy implications arising from this study are two-fold namely; policymakers need to make sure that people have more income to buy more fish and make sure that the price of fish does not just rise anyhow.
Year of Publication
2024
Journal Name
International Journal of Economics and Financial Issues
Volume
14
Issue
3
Page Numbers
149-156
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