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Evaluating Supply-Side And Demand-Side Shocks For Fisheries: A Computable General Equilibrium (Cge) Model For Alaska

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  • Chang Seung
  • Edward Waters

Abstract

This study used computable general equilibrium (CGE) models to investigate the economic effects of three exogenous shocks to Alaska fisheries: (1) reduction in pollock allowable catch (TAC); (2) increase in fuel price; and (3) reduction in demand for seafood. Two different model versions, 'Keynesian' and 'neoclassical', were used to estimate impacts on endogenous output, employment, value added, and household income. By using a CGE model, this study overcomes the limitations of fixed-price models (such as input-output models) including (1) inability to calculate welfare effects due to fixed prices; and (2) difficulty of addressing supply-side shocks. There are currently few examples of CGE studies addressing fisheries issues appearing in the literature. Among those, this study is unique in that it uses a relatively disaggregated sector scheme and examines both supply-side and demand-side shocks.

Suggested Citation

  • Chang Seung & Edward Waters, 2010. "Evaluating Supply-Side And Demand-Side Shocks For Fisheries: A Computable General Equilibrium (Cge) Model For Alaska," Economic Systems Research, Taylor & Francis Journals, vol. 22(1), pages 87-109.
    • Handle: RePEc:taf:ecsysr:v:22:y:2010:i:1:p:87-109
    DOI: 10.1080/09535311003677636
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    2. Wang, Ying & Hu, Jianfeng & Pan, Haoran & Li, Shiyu & Failler, Pierre, 2016. "An integrated model for marine fishery management in the Pearl River Estuary: Linking socio-economic systems and ecosystems," Marine Policy, Elsevier, vol. 64(C), pages 135-147.
    3. Onil Banerjee & Martin Cicowiez & Mark Horridge & Renato Vargas, 2016. "A Conceptual Framework for Integrated Economic-Environmental Modelling," CEDLAS, Working Papers 0202, CEDLAS, Universidad Nacional de La Plata.
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    5. Michael Lahr & Maria Alvarez, 2013. "Tortoise and the Hare Revisited? A CGE Analysis of Gaming and State Tax Revenues:," ERSA conference papers ersa13p191, European Regional Science Association.
    6. Angeles Cámara & Rosa Santero-Sánchez, 2019. "Economic, Social, and Environmental Impact of a Sustainable Fisheries Model in Spain," Sustainability, MDPI, vol. 11(22), pages 1-16, November.
    7. Watson, Brett & Reimer, Matthew N. & Guettabi, Mouhcine & Haynie, Alan, 2021. "Commercial fisheries & local economies," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
    8. Negar Akbari & Pierre Failler & Haoran Pan & Benjamin Drakeford & Andy Forse, 2023. "The Impact of Fisheries on the Economy: A Systematic Review on the Application of General Equilibrium and Input–Output Methods," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    9. Ha, Soo Jung & Hewings, Geoffrey & McGregor, Peter G & Swales, J Kim & Turner, Karen, 2010. "Econometric estimation of Armington import elasticities and their system-wide impact in a regional CGE model of the Illinois economy," Stirling Economics Discussion Papers 2010-19, University of Stirling, Division of Economics.
    10. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 379-475, Elsevier.
    11. Qu, Yang & Hooper, Tara & Swales, J. Kim & Papathanasopoulou, Eleni & Austen, Melanie C. & Yan, Xiaoyu, 2021. "Energy-food nexus in the marine environment: A macroeconomic analysis on offshore wind energy and seafood production in Scotland," Energy Policy, Elsevier, vol. 149(C).
    12. Nong, Duy, 2019. "Potential economic impacts of global wild catch fishery decline in Southeast Asia and South America," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 213-226.
    13. Johnson, Justin Andrew & Baldos, Uris Lantz & Hertel, Thomas & Nootenboom, Chris & Polasky, Stephen & Roxburgh, Toby, 2020. "Global Futures: Modelling the global economic impacts of environmental change to support policy-making," Technical Papers 323944, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    14. Chang K. Seung, 2020. "Key sector analysis for a subnational region with leakages," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 65(3), pages 619-644, December.
    15. Bartelings, Heleen & Boulanger, Pierre H & Guillen, Jordi & Philippidis, George & Smeets Kristkova, Zuzana, 2020. "Aquaculture Modelling in a General Equilibrium Framework. An Application for the EU," Conference papers 333152, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Chang K. Seung & Michael G. Dalton & André E. Punt & Dusanka Poljak & Robert Foy, 2015. "Economic Impacts Of Changes In An Alaska Crab Fishery From Ocean Acidification," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 6(04), pages 1-35, November.

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