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The Newfoundland fishery: ten years after the moratorium

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  • Schrank, William E.

Abstract

Excessive overfishing combined with negative environmental conditions led to the decimation of the northern cod stock and its closure to commercial fishing in 1992. During the ensuing dozen years, the stock has not recovered. This paper considers the current state of the Newfoundland economy and the Newfoundland fishery and asks whether the lessons of the earlier day have been learned. The answer appears to be no. The main mover of the economy is exogenous to the fishery, the unemployment rate remains high, currently more than twice the Canadian rate, and the population of the province has fallen by ten percent. With respect to the fishery, although the decimated groundfish have been replaced by shellfish and the nominal value of landings has doubled since 1992, the fishery still has excess capacity, fishermen and fish plant workers generally earn low incomes, and the fishery remains heavily subsidized.

Suggested Citation

  • Schrank, William E., 2005. "The Newfoundland fishery: ten years after the moratorium," Marine Policy, Elsevier, vol. 29(5), pages 407-420, September.
  • Handle: RePEc:eee:marpol:v:29:y:2005:i:5:p:407-420
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    Cited by:

    1. Wang, Ying & Duan, Lijie & Li, Shiyu & Zeng, Zeyu & Failler, Pierre, 2015. "Modeling the effect of the seasonal fishing moratorium on the Pearl River Estuary using ecosystem simulation," Ecological Modelling, Elsevier, vol. 312(C), pages 406-416.
    2. Pascoe, Sean & Okey, Tomas A. & Griffiths, Shane, 2008. "Economic and ecosystem impacts of illegal, unregulated and unreported (IUU) fishing in Northern Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), pages 1-20, December.
    3. Sebastian Villasante & David Rodríguez-González & Manel Antelo, 2013. "On the Non-Compliance in the North Sea Cod Stock," Sustainability, MDPI, Open Access Journal, vol. 5(5), pages 1-20, May.
    4. Crépin, Anne-Sophie & Biggs, Reinette & Polasky, Stephen & Troell, Max & de Zeeuw, Aart, 2012. "Regime shifts and management," Ecological Economics, Elsevier, vol. 84(C), pages 15-22.
    5. Ahmed S. Khan, 2012. "Understanding Global Supply Chains and Seafood Markets for the Rebuilding Prospects of Northern Gulf Cod Fisheries," Sustainability, MDPI, Open Access Journal, vol. 4(11), pages 1-24, November.
    6. Nielsen, Max & Ravensbeck, Lars & Nielsen, Rasmus, 2014. "Green growth in fisheries," Marine Policy, Elsevier, vol. 46(C), pages 43-52.
    7. Sabau, Gabriela & van Zyll de Jong, Michael, 2015. "From unjust uneconomic growth to sustainable fisheries in Newfoundland: The true costs of closing the inshore fishery for groundfish," Marine Policy, Elsevier, vol. 61(C), pages 376-389.
    8. Kahmann, Birte & Stumpf, Klara Helene & Baumgärtner, Stefan, 2015. "Notions of justice held by stakeholders of the Newfoundland fishery," Marine Policy, Elsevier, vol. 62(C), pages 37-50.

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