Stochastic frontier analysis of total factor productivity in the offshore oil and gas industry

Shunsuke Managi, James J. Opaluch, Di Jin, Thomas A. Grigalunas

研究成果: Contribution to journalArticle査読

34 被引用数 (Scopus)

抄録

We examine the impact of technological change on oil and gas exploration, development and production in the Gulf of Mexico over the past five decades. We analyze the effect of technological change on the production frontier using a unique field-level data set covering 1947 through 1998. We then develop estimates of the growth in total factor productivity (TFP) in the industry at the regional level from 1976 to 1995. To address the unique features of this marine resource industry, we include in our models some key geological variables such as water depth and field size. In addition, the results reveal that environmental regulation had a significantly negative impact on offshore production, although such impact has been diminishing over time.

本文言語英語
ページ(範囲)204-215
ページ数12
ジャーナルEcological Economics
60
1
DOI
出版ステータス出版済み - 11 1 2006
外部発表はい

All Science Journal Classification (ASJC) codes

  • Environmental Science(all)
  • Economics and Econometrics

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