Author(s)

Yu Yang, Wang Erda

Corresponding Author

Yu Yang

ABSTRACT

This paper attempts to shed light on the effects of the production input factors utilized on the fishery industry sustainability focusing on both of their independent and synergetic impacts, taking the fishery industry in Liaoning province of China as an example. In the process, an extended C-D production function model is utilized in estimating the elasticity of each individual input factor and the rate of contribution to the total fishery output, following by conducting seemingly unrelated regression analysis for investigating the synergetic effects being attributable to the integrated input factors used in the fishery industry sustainability. The analysis reveals some interesting results with respect to appealing the government fishery policy and the strategic fishery business decision makings in Liaoning province and elsewhere in China and yet even cross over the world.

KEYWORDS

Fishery economy; Extended C-D production function; sustainability; Liaoning