Fixed-Effect Estimation of Highly-Mobile Production Technologies

No 87, Center for Policy Research Working Papers from Center for Policy Research, Maxwell School, Syracuse University

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.

Keywords: Panel data; time-varying individual effect; spatial econometrics; fisheries; agriculture; heteroskedasticity (search for similar items in EconPapers)
JEL-codes: C23 D24 N50 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2008-04
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Related works:
Journal Article: Fixed-Effect Estimation of Highly Mobile Production Technologies (2010)
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