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U.S. Atlantic and Gulf of Mexico Marine Mammal Stock Assessments -- 2000

In our model, an initial improvement in the prospects for having higher future productivity growth generates the following set of reactions. First, the market value of firms is driven up by the increase in the expected discounted value of profits. Because of the higher market value, new firms find their financing constraints relaxed and are able to operate with a higher initial capital investment and employment. At the aggregate level, the increase in labor demand from the new firms pushes up wage rates and forces existing unconstrained firms to adjust their production plans to increase the marginal productivity of labor. Therefore, while newer and smaller firms expand their employment,. | NOAA Technical Memorandum NMFS-NE-162 tyJIONA This series represents a secondary level of scientific publishing. All issues employ thorough internal scientific review some issues employ external scientific review. Reviews are -- by design -transparent collegial reviews not anonymous peer reviews. All issues may be cited in formal scientific communications. U.S. Atlantic and Gulf of Mexico Marine Mammal Stock Assessments -- 2000 Gordon T. Waring1 Janeen M. Quintal1 and Steven L. Swartz2 Editors with contributions from listed alphabetically Neilo B. Barros3 Phillip J. Clapham1 Timothy V.N. Cole1 Carol P. Fairfield2 Larry J. Hansen4 Keith D. Mullin5 Daniel K. Odell3 Debra L. Palka1 Marjorie C. Rossman1 U.S. Fish Wildlife Service6 Randall S. Wells7 and Cynthia Yeung2 1National Marine Fisheries Service 166 Water St. Woods Hole MA 02543-1026 2National Marine Fisheries Service 75 Virginia Beach Dr. Miami FL 33149-1003 3Sea World Inc. 7007 Sea World Dr Orlando FL 32821-8097 4National Marine Fisheries Service 219 Ft. Johnson Rd. Charleston SC 29412 5National Marine Fisheries Service P.O. Drawer 1207 Pascagoula MS 39568-1207 6U.S. Fish and Wildlife Service 6620 Southpoint Dr. S. Jacksonville FL 32399-3000 7Mote Marine laboratory 1600 Ken Thompson Hwy. Sarasota FL 34236 U. S. DEPARTMENT OF COMMERCE Norman Y. Mineta Secretary National Oceanic and Atmospheric Administration D. James Baker Administrator National Marine Fisheries Service Penelope D. Dalton Assistant Administrator for Fisheries Northeast Region Northeast Fisheries Science Center Woods Hole Massachusetts November 2000 About This Report Report History This report is the fifth in a series compiling marine mammal stock assessments for U.S. Atlantic and Gulf of Mexico waters. The first report was issued in July 1995 as NOAA Technical Memorandum NMFS-SEFSC-363. The second report was issued in October 1997 as NOAA Technical Memorandum NMFS-NE-114. The third report which included stock assessments only for U.S. Atlantic .