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The profitability of marine commercial fisheries: a review of economic information needs with particular reference to the UK

Author

Listed:
  • Whitmarsh, David
  • James, Carl
  • Pickering, Helen
  • Neiland, Arthur

Abstract

Evaluating the performance of fisheries and the effectiveness of fisheries management measures requires economic as well as biological information. A recent House of Commons Agriculture Committee report has drawn attention to the scarcity of economic information on UK sea fisheries, and recommends the commissioning of regular research into the profitability of the fishing industry. While supporting this recommendation, the present article contends that the information requirements are more extensive than those suggested by the Committee; specifically, the need is for information that enables policy makers to assess both the actual profitability of fisheries in their existing state and also their potential profitability under alternative fisheries management regimes. In practice this calls for the commissioning not just of regular costs and earnings studies, important though these may be for painting an up-to-date picture of the current economic performance of fisheries, but a modelling framework that can answer "what-if ?" questions about the way economic performance might be altered or improved under different policy scenarios.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:marpol:v:24:y:2000:i:3:p:257-263
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    Cited by:

    1. Duy, Nguyen Ngoc & Flaaten, Ola & Long, Le Kim, 2015. "Government support and profitability effects – Vietnamese offshore fisheries," Marine Policy, Elsevier, vol. 61(C), pages 77-86.
    2. 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.
    3. Pham, Thi Duy Thanh & Huang, Hsiang-Wen & Chuang, Ching-Ta, 2014. "Finding a balance between economic performance and capacity efficiency for sustainable fisheries: Case of the Da Nang gillnet fishery, Vietnam," Marine Policy, Elsevier, vol. 44(C), pages 287-294.
    4. Stewart, James & Callagher, Peter, 2013. "Industry response to the 2003 set net restrictions for protection of Maui′s dolphin," Marine Policy, Elsevier, vol. 42(C), pages 210-222.
    5. BenDor, Todd & Scheffran, Jürgen & Hannon, Bruce, 2009. "Ecological and economic sustainability in fishery management: A multi-agent model for understanding competition and cooperation," Ecological Economics, Elsevier, vol. 68(4), pages 1061-1073, February.
    6. 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.
    7. Federico Di Maio & Michele Luca Geraci & Danilo Scannella & Tommaso Russo & Fabio Fiorentino, 2022. "Evaluation of the Economic Performance of Coastal Trawling off the Southern Coast of Sicily (Central Mediterranean Sea)," Sustainability, MDPI, vol. 14(8), pages 1-15, April.

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