International Journal of Fisheries and Aquatic Studies
2019, Vol. 7, Issue 2, Part B
Economic efficiency determination among marine and lagoon artisanal fisher folks in Lagos state, NigeriaAuthor(s):
Economic efficiency determination among marine and lagoon artisanal fisher folks in Lagos State was carried out. Oral and structured questionnaire were used in collecting data. Data were analyzed using stochastic frontier and cost frontier model. The maximum likelihood (ML) estimates for the production frontier for marine fisher folk showed the significant variables were Labour, canoe length, distance covered and engine capacity while for lagoon fisherfolks, none of the coefficients listed above was significant. In the marine environment, age, fishing experience, secondary occupation and cooperative membership were the socio- economic factors that significantly affected technical efficiency of the fisher folks while in the lagoon environment, technical efficiency was affected only by age, secondary income and membership of cooperative societies. The coefficient of fishing experience in both water bodies was negatively but significantly related to technical inefficiency. Secondary income was negatively related to technical efficiency (-0.00588 and -0.01177 for marine and lagoon respectively) and the negative relationship was significant at (P
<0.05) indicating that fisher folks without secondary income were more efficient than those with secondary income. The sampled fisher folks were observed to be technically efficient (0.71) but economically (-0.061) and allocatively (0.061) inefficient.Pages: 97-102 | 301 Views 18 DownloadsDownload Full Article:
How to cite this article:
Ogunsola AF. Economic efficiency determination among marine and lagoon artisanal fisher folks in Lagos state, Nigeria. Int J Fish Aquat Stud 2019;7(2):97-102.