Productivity Development in Icelandic, Norwegian, and Swedish Fisheries

• Published in: Applied Economics
• Main Authors: Eggert, Håkan, Tveteras, Ragnar
• Other Authors: Economics, University of Gothenburg (GU), Business School, University of Stavanger
• Format: Article in Journal/Newspaper
• Language: English
• Published: HAL CCSD 2011
• Subjects: Social Sciences & Humanities; [QFIN]Quantitative Finance [q-fin]; Norway; Iceland
• Online Access: https://hal.archives-ouvertes.fr/hal-00741506; https://hal.archives-ouvertes.fr/hal-00741506/document; https://hal.archives-ouvertes.fr/hal-00741506/file/PEER_stage2_10.1080%252F00036846.2011.610751.pdf; https://doi.org/10.1080/00036846.2011.610751

International audience This paper analyzes the total factor productivity (TFP) performance of fisheries in Iceland, Norway, and Sweden during the period 1973-2003. We measure TFP growth using real gross value added as output and capital input, labour input and a stock input index based on the major fish stocks. In developed neighbouring countries, we expect rapid diffusion of fishing technology innovations contributing to productivity convergence. In addition, innovations in the public regulation and the industrial organization may also have influenced productivity growth during the period. We find that Iceland has had the highest annual TFP growth. Accounting for stock changes it amounts to 3 percent, while the corresponding figures for Sweden and Norway are 2.8 and 0.8 percent, respectively. Despite best-practice fishing technologies being widely available, we find no evidence of productivity convergence among the three countries.