On the (ir)relevance of rates of return measures of economic performance to small boats
Boncoeur, Jean, Coglan, Louisa, Le Gallic, Bertrand, & Pascoe, Sean (2000) On the (ir)relevance of rates of return measures of economic performance to small boats. Fisheries Research, 49(2), pp. 105-115.
A common measure of the economic performance of different fleet segments in fisheries is the rate of return on capital. However, in the English Channel (UK), observed changes in the fleet structure are at odds with expectations given the observed rates of return on capital. This disjunction between expected and observed behaviour raises the question as to the appropriateness of rate of return on capital as a measure of economic performance for small boats whose main input is often non-wage labour. In this paper, an alternative performance indicator is developed based on returns on owner-operator labour. This indicator appears to be of more relevance to small scale boats than the traditional returns on capital, and a better indicator of the direction of adjustment in the fishery.
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|Item Type:||Journal Article|
|Keywords:||Economic performance, Returns on labour, Returns on capital, Fisheries economics, Fleet behaviour|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2000 Elsevier Science B.V.|
|Deposited On:||29 Oct 2014 23:18|
|Last Modified:||29 Oct 2014 23:18|
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