• Title/Summary/Keyword: Fisheries business administration

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An Empirical Analysis on the Productivity of Coastal Fishery (연안어업 생산성에 관한 실증연구)

  • Eh, Young-Yang;Song, Dong-Hyo;Hwang, Seon-Jae;Park, Bo-Gyeong
    • The Journal of Fisheries Business Administration
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    • v.51 no.1
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    • pp.19-36
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    • 2020
  • The purpose of this paper is to analyze the productivity of the costal fisheries in Jeonnam Province. In this study, the operational characteristics and Cobb-Douglas production function of coastal fisheries were examined based on a research on the actual condition of costal fisheries (RACF). The statistical analysis of RACF data reveals that Cobb-Douglas production function consists of the three variables: fishing quantity per ton-age, the number of fisherman per ton-age and fishing equipment cost per ton-age. The results of this study show us that the relation and productivity between labor and capital of the operational equipment in the coastal fisheries. If extensive comparable biological and market data become available, analysis model can be widely applied to yield more accurate results.