Role of Subsidies in EU Fleet Capacity Management
AbstractFisheries in the European Union (EU) continue to be overexploited by an overcapitalised fishing fleet, despite the best intentions of two decades of capacity adjustment programmes. This paper considers the progress of fishing capacity under the Multi-annual Guidance Programme and examines the impact of subsidies made available to the fishing industry. The underlying reasons for the modest impact on improved resource sustainability are considered, despite capacity reductions in nominal terms. These include the impact of subsidies on capacity development and issues surrounding the use of vessel decommissioning. The Danish fishing fleet case serves as an empirical example in this regard. Comments on the future capacity management regime and the role of subsidies in EU fisheries are offered.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 20 (2005)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Common Fisheries Policy; fleet capacity management; subsidies; Danish fishing fleet; D24; H20; Q22; Resource /Energy Economics and Policy;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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