Productivity, price recovery, capacity constraints and their financial consequences
Grifell-Tatjé, Emili (Universitat Autònoma de Barcelona)
Lovell, C. A. Knox (University of Queensland)

Imprint:	National Oceanic and Atmospheric Administration (NOAA) Technical Memorandum of the National Marine Fisheries Servies, 2013
Abstract:	Mining and fishing are both extractive industries, although one resource is renewable and the other is not. Miners and fishers pursue financial objectives, although their objectives may differ. In both industries financial performance is influenced by productivity and price recovery. Finally, in both industries capacity constraints influence financial performance, perhaps but not necessarily through their impact on productivity, and both industries encounter external as well as internal capacity constraints. The objective of this study is to develop an analytical framework that links all four phenomena. We use return on assets to measure financial performance, and the basic analytical framework is the duPont triangle. We measure productivity in two ways, with a theoretical technology-based index and with an empirical price-based index. We measure price change with an empirical quantity-based index. We measure internal capacity utilisation by relating a pair of output quantity vectors, actual output and full capacity output, and we develop physical and economic measures of internal capacity utilisation. External capacity constraints restrict the ability to reach full capacity output. The analytical framework has productivity change, price change and change in capacity utilisation influencing change in return on assets, the latter in two ways, directly and indirectly through its impact on productivity change.
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Language:	Anglès
Document:	Capítol de llibre ; Versió publicada
Published in:	Proceedings of the National Marine Fisheries Service Productivity Workshop (Santa Cruz, CA June 11-12, 2012), 2013, ISBN 9781288946693

Adreça alternativa: https://repository.library.noaa.gov/view/noaa/4369

30 p, 337.3 KB

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