Labor Use and its Adjustment in the Spanish Fishing Industry Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/n870zr75c

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  • This study investigates the adjustment process of labor in the fishing industry of the Spanish regions (Autonomous Communities). The analysis is based on a dynamic model applied to a panel of the 10 coastal regions in Spain for the period covering 1965 to 2001. A translog labor demand equation is estimated with flexible adjustment parameter which is both region and time variable. The results indicate that the long run labor demand exhibit increasing price elasticity, increasing output elasticity and decreasing capital elasticity, although still close to unitary in the final years. The fishing industry has shown considerable dynamics in adjusting its workforce, with different patterns for regions and years. In general, the speed of adjustment is modest except for some particular years in mid-90s. The speed of adjustment is low in Galicia, Andalusia, and in the Basque Country but very high in the Canary Islands. The average equilibrium labor to actual labor (optimality ratio) ratio is on average below unity, but there are important regional differences in evolution patterns.
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  • Millan, Joaquin A. and Natalia Aldaz. 2006. Labor Use and its Adjustment in the Spanish Fishing Industry. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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