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Decomposing the drivers of profibility in two key Commonwealth prawn fisheries

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  • Skirtun, Maggie

Abstract

This paper uses an index number profit decomposition approach to examine recent drivers of change in profitability in two key Commonwealth prawn fisheries, the Northern Prawn Fishery and the Torres Strait Prawn Fishery. This approach allows for the drivers of profitability that can be influenced by a fishery manager (fish stocks and productivity) to be separated from those that cannot (output prices and input prices). The results reveal that a divergence in the economic performance of the two fisheries has been the result of differences in productivity trends. These differences are the likely result of differences in fishery management arrangements between the two fisheries.

Suggested Citation

  • Skirtun, Maggie, 2013. "Decomposing the drivers of profibility in two key Commonwealth prawn fisheries," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152179, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare13:152179
    DOI: 10.22004/ag.econ.152179
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    References listed on IDEAS

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    1. Diewart, W Erwin & Morrison, Catherine J, 1986. "Adjusting Output and Productivity Indexes for Changes in the Terms of Trade," Economic Journal, Royal Economic Society, vol. 96(383), pages 659-679, September.
    2. Tom Kompas & Tuong Nhu Che & R. Quentin Grafton, 2004. "Technical efficiency effects of input controls: evidence from Australia's banana prawn fishery," Applied Economics, Taylor & Francis Journals, vol. 36(15), pages 1631-1641.
    3. Fox, Kevin J. & Grafton, R. Quentin & Kirkley, James & Squires, Dale, 2003. "Property rights in a fishery: regulatory change and firm performance," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 156-177, July.
    4. Kevin J. Fox & R. Quentin Grafton & Tom Kompas & Tuong Nhu Che, 2006. "Capacity reduction, quota trading and productivity: the case of a fishery ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), pages 189-206, June.
    5. Denis Lawrence & W. Diewert & Kevin Fox, 2006. "The contributions of productivity, price changes and firm size to profitability," Journal of Productivity Analysis, Springer, vol. 26(1), pages 1-13, August.
    6. Allen, Robert C & Diewert, W Erwin, 1981. "Direct versus Implicit Superlative Index Number Formulae," The Review of Economics and Statistics, MIT Press, vol. 63(3), pages 430-435, August.
    7. Diane P. Dupont & Kevin J. Fox & Daniel V. Gordon & R. Quentin Grafton, 2005. "Profit and Price Effects of Multi‐species Individual Transferable Quotas," Journal of Agricultural Economics, Wiley Blackwell, vol. 56(1), pages 31-57, March.
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    Keywords

    Livestock Production/Industries; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods;
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