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Estimation of Production Functions on Fishery: A Danish Survey

Author

Listed:
  • Birgit Nahrstedt
  • Henning P. Jørgensen

    (Department of Environmental and Business Economics, University of Southern Denmark)

  • Ayoe Hoff

    (Institute of Food and Resource Economics/Fisheries Economics and Management Division)

Abstract

The fishing fleet and the component parts of effort and production can be de-scribed and analysed in different ways. As an example, the fishing fleet can be described using a list of different production function specifications. These pro-duction functions will in this paper be estimated using data for the Danish North Sea human consumption demersal trawl fishery. Some statistical prob-lems including multicollinearity are discussed and possible solutions and inter-pretations are put forward.

Suggested Citation

  • Birgit Nahrstedt & Henning P. Jørgensen & Ayoe Hoff, 2002. "Estimation of Production Functions on Fishery: A Danish Survey," Working Papers 33/02, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    • Handle: RePEc:sdk:wpaper:33
    as

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    References listed on IDEAS

    as
    1. Campbell, H. F., 1991. "Estimating the elasticity of substitution between restricted and unrestricted inputs in a regulated fishery: A probit approach," Journal of Environmental Economics and Management, Elsevier, vol. 20(3), pages 262-274, May.
    2. William G. Brown & Bruce R. Beattie, 1975. "Improving Estimates of Economic Parameters by Use of Ridge Regression with Production Function Applications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(1), pages 21-32.
    3. Vestergaard, Niels & Squires , Dale & Jensen, Frank & Andersen, Jesper Levring, 2003. "Technical Efficiency of the Danish Trawl Fleet: Are the Industrial Vessels Better Than Others?," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2003(1), pages 225-242.
    4. Trond Bjørndal, 1989. "Production in a Schooling Fishery: The Case of the North Sea Herring Fishery," Land Economics, University of Wisconsin Press, vol. 65(1), pages 49-56.
    Full references (including those not matched with items on IDEAS)

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