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Modelling fish trade liberalisation: Does fish trade liberalisation result in welfare gains or losses?

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  • Nielsen, Max

Abstract

Recent research has on the basis of general equilibrium models warned that trade liberalisation in non-optimally managed renewable resources might cause over-exploitation and reduced steady-state welfare. Welfare effects of trade liberalisation in open access and optimal management are found case specific and dependent on factors such as the country's status as importer or exporter, the state of the fish stocks and the size of the countries on the world market. The present paper develops an alternative partial equilibrium framework capable of identifying welfare effects of fish trade liberalisation also in the presence of complex but realistic management schemes, such as regulated open access and regulated restricted access. The case dependency known from the general equilibrium analysis is confirmed, but the introduction of realistic fisheries management schemes in the partial equilibrium model extended this case dependency. The welfare effect of trade liberalisation in an exporter country is negative under open access, but was found positive under regulated restricted access in the present paper.

Suggested Citation

  • Nielsen, Max, 2009. "Modelling fish trade liberalisation: Does fish trade liberalisation result in welfare gains or losses?," Marine Policy, Elsevier, vol. 33(1), pages 1-7, January.
    • Handle: RePEc:eee:marpol:v:33:y:2009:i:1:p:1-7
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    Citations

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    Cited by:

    1. Vasilii Erokhin & Gao Tianming & Anna Ivolga, 2021. "Cross-Country Potentials and Advantages in Trade in Fish and Seafood Products in the RCEP Member States," Sustainability, MDPI, vol. 13(7), pages 1-40, March.
    2. Allison, E.H., 2011. "Aquaculture, fisheries, poverty and food security," Monographs, The WorldFish Center, number 39575, April.
    3. Edwards, Eric C. & Go, Dong-Hun & Oladi, Reza, 2020. "Predator–prey dynamics in general equilibrium and the role of trade," Resource and Energy Economics, Elsevier, vol. 61(C).
    4. Mulazzani, Luca & Malorgio, Giulio, 2015. "Is there coherence in the European Union’s strategy to guarantee the supply of fish products from abroad?," Marine Policy, Elsevier, vol. 52(C), pages 1-10.
    5. Sabau, Gabriela & Boksh, F.I.M. Muktadir, 2017. "Fish Trade Liberalization Under 21st Century Trade Agreements: The CETA and Newfoundland and Labrador Fish and Seafood Industry," Ecological Economics, Elsevier, vol. 141(C), pages 222-233.
    6. Ahmed S. Khan, 2012. "Understanding Global Supply Chains and Seafood Markets for the Rebuilding Prospects of Northern Gulf Cod Fisheries," Sustainability, MDPI, vol. 4(11), pages 1-24, November.
    7. Mulazzani, Luca & Malorgio, Giulio, 2014. "The external and commercial dimensions of the EU fisheries policy: An institutional approach applied to the whitefish case," Marine Policy, Elsevier, vol. 46(C), pages 123-131.
    8. Asche, Frank & Smith, Martin D., 2010. "Trade and fisheries: Key issues for the World Trade Organization," WTO Staff Working Papers ERSD-2010-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    9. Gars, Johan & Spiro, Daniel, 2014. "Uninsurance through Trade," Memorandum 13/2014, Oslo University, Department of Economics.

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