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Identifying Technology Shocks in Fisheries Production

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  • This research develops a method for estimating discreet changes (shocks) to total factor productivity (TFP) using catch-per-unit-effort (CPUE) and biological stock assessment data.  An estimator for identifying jumps in realized volatility is adapted to the identification and estimation productivity shocks.  The estimator is tested through simulation and in an application where technology shocks are known.  Testing shows that most of the technology shocks can be identified using this method.  This estimator provides a means for identifying technology shocks when the time of adoption is unknown.
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  • Fissel, Benjamin. 2014. Identifying Technology Shocks in Fisheries Production.In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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