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Article
Fixed-Effect Estimation of Highly-Mobile Production Technologies
Center for Policy Research
  • William C Horrace, Syracuse University
  • Kurt E. Schnier, Georgia State University
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.

Document Type
Working Paper
Date
4-1-2008
Keywords
  • Panel data,
  • time-varying individual effect,
  • spatial econometrics,
  • fisheries
Series
Working Papers Series
Additional Information

Working paper no. 87

Source
local input
Creative Commons License
Creative Commons Attribution 3.0
Citation Information
William C Horrace and Kurt E. Schnier. "Fixed-Effect Estimation of Highly-Mobile Production Technologies" (2008)
Available at: http://works.bepress.com/horrace/19/