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http://dx.doi.org/10.12939/FBA.2022.53.1.001

An Empirical Analysis on Factor Productivity of Coastal Fishery  

Kim, Chang-Wan (Department of Business Administration, Pukyong National University)
Eh, Youn-Yang (Department of Business Administration, Pukyong National University)
Lee, Jin-Soo (Department of Business Administration, Pukyong National University)
Song, Dong-Hyo (Research Center of Fishery Enterprise, Pukyong National University)
Publication Information
The Journal of Fisheries Business Administration / v.53, no.1, 2022 , pp. 1-16 More about this Journal
Abstract
This paper aims to propose a new systematic approach to analyze the factor productivity and to investigate those characteristics of factor productivity in operational and managerial perspectives. The Cobb-Douglas production function is adopted to estimate the labor and capital productivity. In estimating those productivities the data of The Research on the Actual Condition of Coastal Fisheries (RACF), especially those of Jeon-Nam Province are used. The statistical analysis of RACF data shows that the characteristics are a little bit different between labor and capital of the operational equipment in the coastal fisheries. The Cobb-Douglas type production function is useful in estimating the factor productivity, especially in case of 'coastal Stow-net fishery' even though the limited data is used. However, in case of 'trap fishery,' the Cobb-Douglas production function appears to have some limitations in estimation. This implies that estimating the factor productivities in fisheries employing broad perspectives and various methods are needed.
Keywords
Coastal Fisheries; Factor Productivity; Cobb-Douglas Production Function; Factor Analysis; Discriminant Analysis;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
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