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http://dx.doi.org/10.15266/KEREA.2019.28.3.415

Estimation of Bigeye tuna Production Function of Distant Longline Fisheries in WCPFC waters  

Jo, Heon-Ju (Division of Distant Water Fisheries Resources, National Institute of Fisheries Science)
Kim, Do-Hoon (Department of Marine & Fisheries Business and Economics, College of Fisheries Sciences, Pukyong National University)
Kim, Doo-Nam (Division of Distant Water Fisheries Resources, National Institute of Fisheries Science)
Lee, Sung-Il (Division of Distant Water Fisheries Resources, National Institute of Fisheries Science)
Lee, Mi-Kyung (Division of Distant Water Fisheries Resources, National Institute of Fisheries Science)
Publication Information
Environmental and Resource Economics Review / v.28, no.3, 2019 , pp. 415-435 More about this Journal
Abstract
The purpose of this study is to analyze the returns to scale by estimating the bigeye tuna production function of Korean distant longline fisheries in WCFPC waters. In the analysis, number of crews, vessel tonnage, number of hooks, and bigeye tuna biomass are used as input variables and the catch amount of bigeye tuna is used as an output variable in the Cobb-Douglas production function. Prior to the function estimation, the biomass of bigeye tuna was estimated by the Bayesian state-space model. Results showed that the fixed effect model was selected based on the hausman test, and vessel tonnage, hooks, and biomass would have direct effects on the catch amount. In addition, it was shown that the bigeye tuna distant longline fisheries in WCFPC water would have increasing returns to scale.
Keywords
WCPFC; distant water fisheries; Bayesian state-space model; Cobb-Douglas production function; return to scale;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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