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Estimating the Impact of Whaling on Global Whale Watching

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Author Info

  • Hsiao-I Kuo

    (Department of Senior Citizen Service Management, Chaoyang University of Technology)

  • Chi-Chung Chen

    (Department of Applied Economics, National Chung Hsing University)

  • Michael McAleer

    (Erasmus University Rotterdam, Tinbergen Institute, The Netherlands, and Institute of Economic Research, Kyoto University)

Abstract

After a commercial whaling moratorium was enacted in 1986, whale watching became one of the fastest growing tourism industries worldwide. As whaling is regarded as an activity that is incompatible with whale watching, the possible resumption of commercial whaling has caused an urgent need to investigate the potential negative effects of whaling on the whale-watching industry. We examine the potential impacts of whaling on the global whale-watching tourism industry using an unbalanced panel data model. The empirical results indicate that the resumption of commercial whaling has the potential for a negative effect on the global whale-watching industry, especially for nations that are engaged in whaling.

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File URL: http://www.kier.kyoto-u.ac.jp/DP/DP728.pdf
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Bibliographic Info

Paper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 728.

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Length: 34pages
Date of creation: Oct 2010
Date of revision:
Handle: RePEc:kyo:wpaper:728

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Keywords: Global whale watching; Commercial whaling; Delay-difference equation model; unbalanced panel data model.;

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  1. Hsiao,Cheng, 2003. "Analysis of Panel Data," Cambridge Books, Cambridge University Press, number 9780521522717, October.
  2. Herrera, Guillermo E. & Hoagland, Porter, 2006. "Commercial whaling, tourism, and boycotts: An economic perspective," Marine Policy, Elsevier, vol. 30(3), pages 261-269, May.
  3. Conrad, Jon M, 1989. "Bioeconomics and the Bowhead Whale," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 974-87, August.
  4. Richard Horan & James Shortle, 1999. "Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 13(4), pages 435-458, June.
  5. Bjørndal, Trond & Conrad, Jon M, 1998. "A report on the Norwegian minke whale hunt," Marine Policy, Elsevier, vol. 22(2), pages 161-174, March.
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