Fixed-Effect Estimation of Highly-Mobile Production Technologies

Author(s)/Creator(s)

William Clinton Horrace, Syracuse University. Center for Policy ResearchFollow
Kurt E. Schnier, Georgia State University, Department of Economics, Andrew Young School of Policy Studies.Follow

Description/Abstract

Revised from November 2006 and July 2007. 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.

Document Type

Working Paper

Date

2008

Keywords

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

Language

English

Series

Working Papers Series

Disciplines

Mathematics

Additional Information

Harvest from RePEc at http://repec.org

Recommended Citation

Horrace, William Clinton and Schnier, Kurt E., "Fixed-Effect Estimation of Highly-Mobile Production Technologies" (2008). Center for Policy Research. 55.
https://surface.syr.edu/cpr/55

Source

Metadata from RePEc