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Productivity growth, catchability, stock assessments, and optimum renewable resource use

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  • Squires, Dale
  • Vestergaard, Niels

Abstract

Productivity growth substantially impacts rent-maximizing resource stocks, and can lead to an economic optimum that has overfished stocks: BMEY

Suggested Citation

  • Squires, Dale & Vestergaard, Niels, 2015. "Productivity growth, catchability, stock assessments, and optimum renewable resource use," Marine Policy, Elsevier, vol. 62(C), pages 309-317.
    • Handle: RePEc:eee:marpol:v:62:y:2015:i:c:p:309-317
    DOI: 10.1016/j.marpol.2015.07.006
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    References listed on IDEAS

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    1. World Bank & Food and Agriculture Organization, 2009. "The Sunken Billions : The Economic Justification for Fisheries Reform," World Bank Publications - Books, The World Bank Group, number 2596.
    2. Walden, John & Fissel, Ben & Squires, Dale & Vestergaard, Niels, 2015. "Productivity change in commercial fisheries: An introduction to the special issue," Marine Policy, Elsevier, vol. 62(C), pages 289-293.
    3. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    4. Hulten, Charles R, 1992. "Growth Accounting When Technical Change Is Embodied in Capital," American Economic Review, American Economic Association, vol. 82(4), pages 964-980, September.
    5. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
    6. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
    7. Dale Squires, 1992. "Productivity Measurement in Common Property Resource Industries: An Application to the Pacific Coast Trawl Fishery," RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 221-236, Summer.
    8. Baltagi, Badi H & Griffin, James M, 1988. "A General Index of Technical Change," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 20-41, February.
    9. Charles R. Hulten, 1992. "Growth Accounting When Technical Change is Embodied in Capital," NBER Working Papers 3971, National Bureau of Economic Research, Inc.
    10. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    11. Dale Squires & Niels Vestergaard, 2013. "Technical Change and The Commons," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1769-1787, December.
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    Cited by:

    1. Cavatassi, Romina & Mabiso, Athur & Brueckmann, Peter, 2019. "IFAD IMPACT ASSESSMENT: The Coastal Community Development (CCDP)," IFAD Impact Assessment Series 305184, International Fund for Agricultural Development (IFAD).

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