Document Type

Working Paper

Date

4-2008

Embargo Period

10-3-2012

Keywords

Panel data, time-varying individual effect, spatial econometrics, fisheries

Disciplines

Agriculture | Economics | Public Affairs, Public Policy and Public Administration

Description/Abstract

We consider fixed-effect estimation of a production function where inputs and outputs vary over time, space, and cross-sectional unit. Variability in the spatial dimension allows for time-varying individual effects, without parametric assumptions on the effects. Asymptotics along the spatial dimension provide consistency and normality of the marginal products. A finite-sample example is provided: a production function for bottom-trawler fishing vessels in the flatfish fisheries of the Bering Sea. We find significant spatial variability of output (catch) which we exploit in estimation of a harvesting function.

Source

local input

Creative Commons License


This work is licensed under a Creative Commons Attribution 3.0 License.