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Estimating the Impact of Whaling on Global Whale Watching

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  • 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

    (Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam and Tinbergen Institute and Center for International Research on the Japanese Economy (CIRJE), Faculty of Economics, University of Tokyo)

Abstract

After the commercial whaling moratorium was enacted in 1986, whale watching became one of the fastest growing tourism industries worldwide. As whaling was regarded as an activity incompatible with whale watching, the possible resumption of commercial whaling 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 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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Bibliographic Info

Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-634.

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Length: 33 pages
Date of creation: Aug 2009
Date of revision:
Handle: RePEc:tky:fseres:2009cf634

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  1. 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.
  2. Conrad, Jon M, 1989. "Bioeconomics and the Bowhead Whale," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 974-87, August.
  3. Bjørndal, Trond & Conrad, Jon M, 1998. "A report on the Norwegian minke whale hunt," Marine Policy, Elsevier, vol. 22(2), pages 161-174, March.
  4. Hsiao,Cheng, 2003. "Analysis of Panel Data," Cambridge Books, Cambridge University Press, number 9780521522717, April.
  5. Herrera, Guillermo E. & Hoagland, Porter, 2006. "Commercial whaling, tourism, and boycotts: An economic perspective," Marine Policy, Elsevier, vol. 30(3), pages 261-269, May.
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