Estimating the Impact of Whaling on Global Whale Watching
AbstractAfter 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 that is 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 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 commercial whaling.
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Bibliographic InfoPaper provided by Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales in its series Documentos del Instituto Complutense de Análisis Económico with number 2011-23.
Length: 33 pages
Date of creation: 2011
Date of revision:
Note: The authors wish to acknowledge the helpful comments and suggestions of three reviewers. The third author acknowledges the financial support of the Australian Research Council, National Science Council, Taiwan, and the Japan Society for the Promotion of Science.
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More information through EDIRC
Global whale watching; Commercial whaling; Delay-difference equation; Unbalanced panel data.;
Other versions of this item:
- Hsiao-I Kuo & Chi-Chung Chen & Michael McAleer, 2010. "Estimating the Impact of Whaling on Global Whale Watching," KIER Working Papers 728, Kyoto University, Institute of Economic Research.
- Hsiao-I Kuo & Chi-Chung Chen & Michael McAleer, 2009. "Estimating the Impact of Whaling on Global Whale Watching," CIRJE F-Series CIRJE-F-634, CIRJE, Faculty of Economics, University of Tokyo.
- Kuo, H-I. & Chen, C-C. & McAleer, M.J., 2009. "Estimating the impact of whaling on global whale watching," Econometric Institute Report EI 2009-23, Erasmus University Rotterdam, Econometric Institute.
- Hsiao-I Kuo & Chi-Chung Chen & Michael McAleer, 2010. "Estimating the Impact of Whaling on Global Whale Watching," Working Papers in Economics 10/30, University of Canterbury, Department of Economics and Finance.
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-25 (All new papers)
- NEP-ENV-2011-06-25 (Environmental Economics)
- NEP-TUR-2011-06-25 (Tourism Economics)
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