University of Southern Denmark, Department of Environmental and Business Economics (IME), Esbjerg
The fishing fleet and the component parts of effort and production can be de-scribed and analysed in different ways. As an example, the fishing fleet can be described using a list of different production function specifications. These pro-duction functions will in this paper be estimated using data for the Danish North Sea human consumption demersal trawl fishery. Some statistical prob-lems including multicollinearity are discussed and possible solutions and inter-pretations are put forward.
Danish North Sea human consumption demersal trawl fishery pro-duction function multicollinearity