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http://dx.doi.org/10.12939/FBA.2019.50.2.041

A Study on the Estimation of the Pollock SMEs Productivity  

Kim, Jong-Cheon (Resource Environment Economics Research Institute, Resource Environment Economics Research Institute at Pukyong National University)
Jang, Young-Soo (Department of Marine & Fisheries Business and Economics, College of Fisheries Science at Pukyong National University)
Kang, Hyo-Seul (Department of Marine & Fisheries Business and Economics, Graduate School, Pukyong National University Graduate School)
Kim, Ji-Ung (Department of Marine & Fisheries Business and Economics, Graduate School, Pukyong National University Graduate School)
Publication Information
The Journal of Fisheries Business Administration / v.50, no.2, 2019 , pp. 41-56 More about this Journal
Abstract
The aim of this study is to analyze the productivity change of pollock enterprise by applying a mutually quadratic hyperbolic model and a bootstrapping model. This study used 20 units of pollock firms data (from 2013 to 2017). As a result of total productivity analysis of twenty pollock enterprises, total factor productivity was estimated to have decreased by 24.9% over the last five years (2013~2017). The main cause of this productivity decline was analyzed by technical change. In terms of annual productivity change, it showed decrease 3.0% in 2013~2014, 7.8% in 2014~2015, 4.5% in 2015~2016 and 4.7% in 2016~2017 respectively. In the analysis of productivity by corporation type, total factor productivity showed a significant decrease in both general corporation and external corporation, and productivity decrease (-29.3%) was larger than general corporation (-23.0%). In the productivity analysis by type of business, total factor productivity decreased significantly in the order of wholesale and commodity brokerage (-26.3%), food manufacturing (-25.1%) and fisheries (-15.3%). This decrease in productivity was caused by the technological change which indicates a downward shift in the production curve that is significant in all sectors.
Keywords
Pollock Industry; Bootstrapping; Malmquist;
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