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Global marine fisheries with economic growth

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  • Sugiawan, Yogi
  • Islam, Moinul
  • Managi, Shunsuke

Abstract

This study explores the state of global marine fisheries and empirically analyzes its relationship to economic factors. We apply the pooled mean group estimator method to examine 70 fishing countries for the period of 1961–2010. We use both catch and the estimated size of stock as proxies for marine ecosystems. Our results confirm that economic growth initially leads to the deterioration of marine ecosystems. However, for a per capita income level of approximately 3,827 USD for the catch model and of 6,066 USD for the biomass model, we found beneficial impacts of economic growth on the sustainability of marine fisheries. Over the next two decades, we expect to see a decline in catch and indications of stock recovery.

Suggested Citation

  • Sugiawan, Yogi & Islam, Moinul & Managi, Shunsuke, 2017. "Global marine fisheries with economic growth," Economic Analysis and Policy, Elsevier, vol. 55(C), pages 158-168.
    • Handle: RePEc:eee:ecanpo:v:55:y:2017:i:c:p:158-168
    DOI: 10.1016/j.eap.2017.08.004
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    More about this item

    Keywords

    Environmental Kuznets curve; Global marine fisheries; Pooled mean group;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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