IDEAS home Printed from https://ideas.repec.org/a/eee/ecolec/v70y2011i6p1154-1161.html
   My bibliography  Save this article

Analysing the profitability of the Spanish fleet after the anchovy moratorium using bootstrap techniques

Author

Listed:
  • Garza-Gil, M. Dolores
  • Varela-Lafuente, Manuel M.
  • Caballero-Miguez, Gonzalo
  • Álvarez-Díaz, Marcos

Abstract

Given the low biomass level of the anchovy, the European Commission agreed to establish a moratorium on this species in the Bay of Biscay in 2005. Although the effects of managing the fishing activity with TACs, fees, taxes and ITQs on the stocks and future net profits are well documented in the specialized literature, scarce attention has been paid to analyze the effects of moratoriums on fisheries and the profitability of the fleet. This paper studies if the anchovy moratorium had a significant impact on the economic profitability of the fleet that fishes anchovy and other pelagic species in the North Atlantic waters. For this purpose, we compare the financial situations of the fleet before and after the moratorium from a statistical point of view using bootstrap, which is a flexible non-parametric and computationally intensive methodology. The results reveal the existence of a structural change in the financial performance of the fleet after the implementation of the moratorium.

Suggested Citation

  • Garza-Gil, M. Dolores & Varela-Lafuente, Manuel M. & Caballero-Miguez, Gonzalo & Álvarez-Díaz, Marcos, 2011. "Analysing the profitability of the Spanish fleet after the anchovy moratorium using bootstrap techniques," Ecological Economics, Elsevier, vol. 70(6), pages 1154-1161, April.
    • Handle: RePEc:eee:ecolec:v:70:y:2011:i:6:p:1154-1161
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0921-8009(11)00015-2
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Weitzman, Martin L., 2002. "Landing Fees vs Harvest Quotas with Uncertain Fish Stocks," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 325-338, March.
    2. Davidse, W. P. & McEwan, L. V. & Vestergaard, N, 1999. "Property rights in fishing: from state property towards private property?: A case study of three EU countries," Marine Policy, Elsevier, vol. 23(6), pages 537-547, November.
    3. Dolores Garza-Gil, M. & Amigo-Dobaño, Lucy, 2008. "The profitability of the artisanal galician fleet," Marine Policy, Elsevier, vol. 32(1), pages 74-78, January.
    4. David Brownstone & Robert Valletta, 2001. "The Bootstrap and Multiple Imputations: Harnessing Increased Computing Power for Improved Statistical Tests," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 129-141, Fall.
    5. Trond Bjørndal & Marko Lindroos, 2004. "International Management of North-Sea Herring," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(1), pages 83-96, September.
    6. Whitmarsh, David & James, Carl & Pickering, Helen & Neiland, Arthur, 2000. "The profitability of marine commercial fisheries: a review of economic information needs with particular reference to the UK," Marine Policy, Elsevier, vol. 24(3), pages 257-263, May.
    7. Ralph E. Townsend, 1990. "Entry Restrictions in the Fishery: A Survey of the Evidence," Land Economics, University of Wisconsin Press, vol. 66(4), pages 359-378.
    8. Flaaten, Ola & Heen, Knut, 2004. "Fishing vessel profitability and local economic link obligations--the case of Norwegian trawlers," Marine Policy, Elsevier, vol. 28(6), pages 451-457, November.
    9. Andrew H. Briggs & David E. Wonderling & Christopher Z. Mooney, 1997. "Pulling cost‐effectiveness analysis up by its bootstraps: A non‐parametric approach to confidence interval estimation," Health Economics, John Wiley & Sons, Ltd., vol. 6(4), pages 327-340, July.
    10. Surís-Regueiro, Juan C. & Varela-Lafuente, Manuel M. & Garza-Gil, M. Dolores, 2002. "Profitability of the fishing fleet and structural aid in the European Union," Marine Policy, Elsevier, vol. 26(2), pages 107-119, March.
    11. Claire W. Armstrong & Ussif Rashid Sumaila, 2001. "Optimal Allocation of TAC and the Implications of Implementing an ITQ Management System for the North-East Arctic Cod," Land Economics, University of Wisconsin Press, vol. 77(3), pages 350-359.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Caballero-Miguez, Gonzalo & Fernández-González, Raquel, 2015. "Institutional analysis, allocation of liabilities and third-party enforcement via courts: The case of the Prestige oil spill," Marine Policy, Elsevier, vol. 55(C), pages 90-101.
    2. Colla-De-Robertis, Esteban & Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutiérrez, María-José & Prellezo, Raul, 2018. "A bayesian estimation of the economic effects of the Common Fisheries Policy on the Galician Fleet: a dynamic stochastic general equilibrium approach," MPRA Paper 89944, University Library of Munich, Germany.
    3. Caballero-Miguez, Gonzalo & Varela-Lafuente, Manuel M. & Dolores Garza-Gil, María, 2014. "Institutional change, fishing rights and governance mechanisms: The dynamics of the Spanish 300 fleet on the Grand Sole fishing grounds," Marine Policy, Elsevier, vol. 44(C), pages 465-472.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mª. Dolores Garza Gil & Manuel M. Varela Lafuente & Juan C. Surís Regueiro, 2006. "Management of a fishery using taxes: The European hake fishery," Hacienda Pública Española / Review of Public Economics, IEF, vol. 177(2), pages 9-23, July.
    2. Gakushi Ishimura & Sam Herrick & Ussif Sumaila, 2013. "Fishing games under climate variability: transboundary management of Pacific sardine in the California Current System," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 15(2), pages 189-209, April.
    3. Mercedes Mareque & Elena de Prada Creo & Marcos Álvarez-Díaz, 2021. "Exploring Creative Tourism Based on the Cultural and Creative Cities (C3) Index and Using Bootstrap Confidence Intervals," Sustainability, MDPI, vol. 13(9), pages 1-17, May.
    4. González-Gómez, Manuel & Álvarez-Díaz, Marcos & Otero-Giráldez, María Soledad, 2013. "Estimating the long-run impact of forest fires on the eucalyptus timber supply in Galicia, Spain," Journal of Forest Economics, Elsevier, vol. 19(2), pages 149-161.
    5. Otero-Giráldez, María Soledad & Álvarez-Díaz, Marcos & González-Gómez, Manuel, 2012. "Estimating the long-run effects of socioeconomic and meteorological factors on the domestic tourism demand for Galicia (Spain)," Tourism Management, Elsevier, vol. 33(6), pages 1301-1308.
    6. Olivier Guyader, 2002. "Simulating the Effect of Regulatory Systems in a Fishery, An Application to the French Driftnet Albacore Fleet," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(1), pages 1-28, September.
    7. Iris Arends & Ute Bültmann & Willem van Rhenen & Henk Groen & Jac J L van der Klink, 2013. "Economic Evaluation of a Problem Solving Intervention to Prevent Recurrent Sickness Absence in Workers with Common Mental Disorders," PLOS ONE, Public Library of Science, vol. 8(8), pages 1-1, August.
    8. Daniel F. Heitjan & Alan J. Moskowitz & William Whang, 1999. "Problems with Interval Estimates of the Incremental Cost—Effectiveness Ratio," Medical Decision Making, , vol. 19(1), pages 9-15, January.
    9. Asma Hyder & Barry Reilly, 2005. "The Public and Private Sector Pay Gap in Pakistan: A Quantile Regression Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(3), pages 271-306.
    10. van Kooten, G. Cornelis, 2004. "Economics of Forest and Agricultural Carbon Sinks," Working Papers 18160, University of Victoria, Resource Economics and Policy.
    11. Kenneth S. Rogoff & Vania Stavrakeva, 2008. "The Continuing Puzzle of Short Horizon Exchange Rate Forecasting," NBER Working Papers 14071, National Bureau of Economic Research, Inc.
    12. Elias Christopher J., 2015. "Percentile and Percentile-t Bootstrap Confidence Intervals: A Practical Comparison," Journal of Econometric Methods, De Gruyter, vol. 4(1), pages 1-9, January.
    13. Camacho, Carmen & Pérez-Barahona, Agustín, 2015. "Land use dynamics and the environment," Journal of Economic Dynamics and Control, Elsevier, vol. 52(C), pages 96-118.
    14. Cooper, Rachel & Jarre, Astrid, 2017. "An Agent-based Model of the South African Offshore Hake Trawl Industry: Part II Drivers and Trade-offs in Profit and Risk," Ecological Economics, Elsevier, vol. 142(C), pages 257-267.
    15. Bofinger, Peter & Scheuermeyer, Philipp, 2016. "Income Distribution and Aggregate Saving: A Non-Monotonic Relationship," CEPR Discussion Papers 11435, C.E.P.R. Discussion Papers.
    16. Gina Yannitell Reinhardt, 2009. "Matching Donors and Nonprofits," Journal of Theoretical Politics, , vol. 21(3), pages 283-309, July.
    17. Jensen, Frank & Vestergaard, Niels, 2007. "Asymmetric information and uncertainty: The usefulness of logbooks as a regulation measure," Ecological Economics, Elsevier, vol. 63(4), pages 815-827, September.
    18. Kadria, Mohamed & Ben Aissa, Mohamed Safouane, 2016. "Inflation targeting and public deficit in emerging countries: A time varying treatment effect approach," Economic Modelling, Elsevier, vol. 52(PA), pages 108-114.
    19. Tamini, Lota D., 2011. "A nonparametric analysis of the impact of agri-environmental advisory activities on best management practice adoption: A case study of Québec," Ecological Economics, Elsevier, vol. 70(7), pages 1363-1374, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:70:y:2011:i:6:p:1154-1161. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.