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Socio-Economics of Portuguese Cod Fisheries: Past, Present and Perspectives for the Future

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  • Manuel Pacheco Coelho
  • José António Filipe
  • Manuel Alberto Ferreira
  • Rui Junqueira Lopes

Abstract

Property rights are in the center of fisheries management difficulties. Portuguese cod fisheries give good examples of this kind of management problems. This paper studies the socio-economic impacts of the institutional change of cod fisheries framework in Portugal and asks for the perspectives of future development of this segment of Portuguese fisheries. In one decade (from 1976 to 1986) this segment of the Portuguese fisheries had to face two essential restrictions to the development of fishing activities: the new regime of the 200 miles and the adhesion to European Community with the consequent integration in the Common Fisheries Policy. After a profound downsizing process we are still confronted with an overcapacity problem. The possible enlargement of Economic Exclusive Zones and the rehabilitation of the Continental Platform statute constitute the main change that severely can affect the future of these fisheries.

Suggested Citation

  • Manuel Pacheco Coelho & José António Filipe & Manuel Alberto Ferreira & Rui Junqueira Lopes, 2011. "Socio-Economics of Portuguese Cod Fisheries: Past, Present and Perspectives for the Future," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 1(3), pages 111-111.
    • Handle: RePEc:ers:ijfirm:v:1:y:2011:i:3:p:111
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    References listed on IDEAS

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    1. Manuel Pacheco Coelho, 2010. "Rights Based Management and the Reform of the Common Fisheries Policy: An Evaluation of the Portuguese Experience," Working Papers Department of Economics 2010/18, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    2. Kenneth Shun-yuen Chan, 1978. "The Economic Consequences of the 200-Mile Seabed Zone: The Replenishable Resources Case," Canadian Journal of Economics, Canadian Economics Association, vol. 11(2), pages 314-319, May.
    3. Bromley, Daniel W., 1991. "Testing for common versus private property: Comment," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 92-96, July.
    4. Edella Schlager & Elinor Ostrom, 1992. "Property-Rights Regimes and Natural Resources: A Conceptual Analysis," Land Economics, University of Wisconsin Press, vol. 68(3), pages 249-262.
    5. Schrank, William E, 1995. "Extended fisheries jurisdiction: origins of the current crisis in Atlantic Canada's fisheries," Marine Policy, Elsevier, vol. 19(4), pages 285-299, July.
    6. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    7. Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63(2), pages 116-116.
    8. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
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