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Net economic effects of achieving maximum economic yield in fisheries

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  • Norman-López, Ana
  • Pascoe, Sean

Abstract

Improving the economic performance of fisheries is becoming increasingly important in fisheries management, and in some cases, maximum economic yield (MEY) is set as a key management target. However, recent critics of MEY as a management target have argued that a decline in the level of fishing activity necessary to achieve the target will result in a subsequent loss of economic activity elsewhere in the economy and, potentially, a net loss to society. In this paper, an input-output framework is used to estimate the net economic effects of achieving MEY in several Australian fisheries for which there is information on their short- and long-term performances when moving towards MEY. While overall losses were found in the short term, achieving MEY was found to result in a net economic benefit to society in the longer term. Local coastal communities in particular were found to benefit, although some losses were incurred elsewhere in the economy.

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Bibliographic Info

Article provided by Elsevier in its journal Marine Policy.

Volume (Year): 35 (2011)
Issue (Month): 4 (July)
Pages: 489-495

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Handle: RePEc:eee:marpol:v:35:y:2011:i:4:p:489-495

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Web page: http://www.elsevier.com/locate/marpol

Related research

Keywords: Maximum economic yield Fisheries management Net economic effects Input-output analysis;

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