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Empirical Analysis on the Factors Affecting the Net Income of Regional and Industrial Fisheries Cooperatives Using Panel Data

패널자료를 이용한 지구별·업종별 수산업협동조합의 수익에 영향을 미치는 요인 분석

  • Kim, Cheol-Hyun (Korea Korea Maritime Institute) ;
  • Nam, Jong-Oh (Division of Economics, College of Humanities & Social Sciences, Pukyong National University)
  • 김철현 (한국해양수산개발원) ;
  • 남종오 (국립부경대학교 인문사회과학대학 경제학부)
  • Received : 2020.03.16
  • Accepted : 2020.03.30
  • Published : 2020.03.31

Abstract

The purpose of this paper is to analyze factors affecting the net income of regional and industrial fisheries cooperatives in South Korea using panel data. This paper utilizes linear or GLS regression models such as pooled OLS model, fixed effects model, and random effects model to estimate affecting factors of the net income of regional and industrial fisheries cooperatives. After reviewing various tests, we eventually select random effects model. The results, based on panel data between 2013 and 2018 year and 64 fisheries cooperatives, indicate that capital and area dummy variables have positive effects and employment has negative effect on the net income of regional and industrial fisheries cooperatives as predicted. However, debt are opposite with our predictions. Specifically, it turns out that debt has positive effect on the net income of regional and industrial fisheries cooperatives although it has been increased. Additionally, this paper shows that the member of confreres does not show any significant effect on the net income of regional and industrial fisheries cooperatives in South Korea. This study is significant in that it analyzes the major factors influencing changes in the net income that have not been conducted recently for the fisheries cooperatives by region and industry.

Keywords

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