This paper examines estimations of technical catch efficiency for a sample of 204 industrial vessels operating at the pelagic grounds of Southern-Central Chile during the 1985-95 period. We consider a Translog stochastic frontier model à-la Battese-Coelli

Pelagic species are one of the fish stocks which are most vulnerable to unrestrained fishing. Their initial abundance has been a source for substantial profits in the past, with several fishing collapses resulting from it. This paper analyses the case of

Productive scales of marine fisheries often show rigidities as fish stock falls, which on occasions have generated fishery collapse. In this paper we analyze the two largest fisheries in Chile as to its landings volume, and which concurrently face large fish-stock volatility. We study...

This paper estimates technical efficiency in fishing activities of industrial vessels that operated during the 1990-2000 period in the "Merluccius gayi" fishery. Two algorithms -with fixed and random effects- used to estimate stochastic production frontiers are compared. The main results are:...

Este trabajo presenta estimaciones de eficiencia técnica en faenas de pesca de barcos industriales que operaron en la década 1990-2000, en la pesquería de merluza común. Se comparan los resultados de dos algoritmos que estiman modelos de fronteras estocásticas de producción, uno con...

This paper estimates technical efficiency in fishing activities of industrial vessels that operated during the 1990-2000 period in the "Merluccius gayi" fishery. Two algorithms -with fixed and random effects- used to estimate stochastic production frontiers are compared. The main results are:...

We adopt time-series and cross-section methods to analyse long-term relationships between pairs of crude oil prices and assess how physical and institutional factors affect their speed of reaction to exogenous shocks. Using a methodological approach which does not require identifying specific...

This paper applies a pairwise approach to investigate the validity of the law of one price in the crude oil markets. Price differentials appear smaller between crude oil pairs with similar physical/chemical characteristics and also for pairs within OPEC.

During the post-1990 period, services sector inmost of the Asian economies witnessed growth fuelled by substantial changes in the financial sector of these economies. The insurance industry, in most of the Asian economies, ASEAN and SAARC economies in particular, was publicly owned and remained...

This paper attempts to substantiate the Education-Growth relationship with a view to evaluate Pakistan’s Education Policy over the last two decades. With a view to the inadequacy of the generally used measures of education, we first estimate the no enrollment ratios, the average schooling...