Article
Fixed-Effect Estimation of Highly-Mobile Production Technologies
Center for Policy Research
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
Disciplines
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/
Working paper no. 87