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Property Rights in a Fishery: Regulatory Change and Firm Performance

Fox, Kevin J.; Grafton, R. Quentin; Kirkley, James; … - Australian National University, Economics and … - 2002

A new method is introduced and applied to analyse changes in productivity of firms harvesting a natural capital stock. The index-number technique decomposes the contributions of output prices, variable input prices, fixed inputs and productivity to firm profits, adjusted for changes in the...

Persistent link: https://www.econbiz.de/10005424142

From Open-Access to Individual Quotas: Disentangling the Effects of Policy Reform and Environmental Changes in the Norwegian Coastal Cod Fishery

Diekert, Florian; Lund, Kristen; Schweder, Tore - Økonomisk institutt, Universitetet i Oslo - 2014

Understanding the eect of introducing property rights to natural resources is central in economics, but empirical analysis is frustrated by the complexity of socioecological systems. We construct a detailed bio-economic model of the Norwegian coastal cod shery, which was closed after 1989, to...

Persistent link: https://www.econbiz.de/10010819025

Capacity Reduction and Productivity: The Case of Fishery

Fox, Kevin J.; Grafton, R. Quentin; Kompas, Tom; Che, … - Australian National University, Economics and … - 2003

The paper presents the first ex-post analysis of profit and productivity of individual vessels following a vessel or licence buyback in a fishery. Using individual firm-level data for the period 1997-2000, the paper analyzes a "natural experiment" of the effects of a 1997 scheme to reduce...

Persistent link: https://www.econbiz.de/10005113723

The price of wine

Dimson, Elroy; Rousseau, Peter L.; Spaenjers, Christophe - 2013

Using historical price records for Bordeaux Premiers Crus, we examine the impact of aging on wine prices and the long-term investment performance of fine wine. In line with the predictions of an illustrative model, young maturing wines from high-quality vintages provide the highest financial...

Persistent link: https://www.econbiz.de/10010389014

Multilateral comparison of total factor productivity and convergence in Italian agriculture (1951-2002)

Pierani, Paolo - Dipartimento di Politica Economica, Finanza e Sviluppo … - 2009

This article uses the index number approach to estimate the regional differences of agricultural output, input and total factor productivity (TFP) in Italy. Data cover the period 1951 to 2002 and are taken from Agrefit, which is a new database of Italian agriculture at regional level....

Persistent link: https://www.econbiz.de/10005015521

The Price of Wine

Dimson, Elroy; Rousseau, Peter L.; Spaenjers, Christophe - HEC Paris (École des Hautes Études Commerciales) - 2013

We examine the impact of aging on wine prices and the performance of wine as a long-term investment, using a unique historical database for five long-established Bordeaux wines that we construct from auction and dealer prices. We estimate the life-cycle price patterns with a regression model...

Persistent link: https://www.econbiz.de/10010832968

The Debate on Agriculture-Industry Terms of Trade in India

Deb, Surajit - Centre for Development Economics, Delhi School of Economics - 2002

terms of trade measure may not only be subject to an aggregation error associated with the index number construction, but is … also exposed to the aggregation problems of empirical estimation. We also undertake a set of statistical tests to examine …

Persistent link: https://www.econbiz.de/10005418936

Aggregation in large dynamic panels

Pesaran, Mohammad Hashem; Chudik, Alexander - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which observed inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

Persistent link: https://www.econbiz.de/10010285520

Aggregation in large dynamic panels

Pesaran, Mohammad Hashem; Chudik, Alexander - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which 'observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

Persistent link: https://www.econbiz.de/10010285540

Forecasting aggregates with disaggregate variables : does boosting help to select the most informative predictors? ; conference paper

Zeng, Jing - 2014

Including disaggregate variables or using information extracted from the disaggregate variables into a forecasting model for an eco- nomic aggregate may improve the forecasting accuracy. In this paper we suggest to use boosting as a method to select the disaggregate variables which are most...

Persistent link: https://www.econbiz.de/10010482520