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.

View at publisher

Abstract

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.

Impact and interest:

23 citations in Scopus
Search Google Scholar™
23 citations in Web of Science®

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

ID Code: 77940
Item Type: Journal Article
Refereed: Yes
Keywords: Economic performance, Returns on labour, Returns on capital, Fisheries economics, Fleet behaviour
DOI: 10.1016/S0165-7836(00)00209-5
ISSN: 0165-7836
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

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page