Impacts of Recent Shocks to Alaska Fisheries: A Computable General Equilibrium (CGE) Model Analysis
AbstractWe use a computable general equilibrium (CGE) model to investigate impacts of three exogenous shocks to Alaska fisheries: i) a 31% reduction in the walleye pollock allowable catch; ii) a 125% increase in fuel price; and iii) both shocks simultaneously. The latter scenario reflects actual industry trends between 2004 and 2008. Impacts on endogenous output, employment, factor income, and household income are assessed. We also estimate changes in a measure of household welfare and compare model results against actual change in pollock and seafood prices. Few examples of CGE studies addressing fisheries issues appear in the literature. This study is unique in that it includes more disaggregated industry sectors and examines supply-side shocks that are difficult to address using fixed-price models. This study also overcomes a serious deficiency in models that use unadjusted seafood sector data in IMPLAN (IMpact analysis for PLANning) by developing the fish harvesting and processing sectors independently from available data, supplemented by interviews with key informants to ground-truth industry cost estimates.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 25 (2010)
Issue (Month): 2 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Alaska fisheries; walleye pollock; regional economic impacts; computable general equilibrium model; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods; Q22; R13;
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
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.:
- Finnoff, David & Tschirhart, John, 2008. "Linking dynamic economic and ecological general equilibrium models," Resource and Energy Economics, Elsevier, vol. 30(2), pages 91-114, May.
- Carvalho, Natacha & Rege, Sameer & Fortuna, Mário & Isidro, Eduardo & Edwards-Jones, Gareth, 2011. "Estimating the impacts of eliminating fisheries subsidies on the small island economy of the Azores," Ecological Economics, Elsevier, vol. 70(10), pages 1822-1830, August.
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