IDEAS home Printed from https://ideas.repec.org/a/eee/marpol/v34y2010i1p92-98.html
   My bibliography  Save this article

Banking on cod: Exploring economic incentives for recovering Grand Banks and North Sea cod fisheries

Author

Listed:
  • Davies, R.W.D.
  • Rangeley, R.

Abstract

Demand for wild (non-farmed) seafood is increasingly reliant upon a natural capital base that is rapidly diminishing. Despite this, studies show that changes in management could increase fisheries' profitability whilst also protecting fish stocks. This premise is approached by looking specifically at north Atlantic cod--a species that has collapsed in many regions but with evidence to suggest it has the biological potential to recover, despite concerns about altered ecological niches and changing oceanic conditions. The key issue is how the potential economic benefits of cod recovery can provide the fishing sector with incentives for change and how these can be translated into a case for investment, given the financially difficult transition period that currently inhibits fisheries reform. In examining this, the paper concludes that repayable financial investments and rights-based management, tailored to local situations, are required to create resilient and diverse ecosystems that underpin improved seafood economies. It is essential, however, that management and policy solutions adopt a holistic ecosystem-based management approach.

Suggested Citation

  • Davies, R.W.D. & Rangeley, R., 2010. "Banking on cod: Exploring economic incentives for recovering Grand Banks and North Sea cod fisheries," Marine Policy, Elsevier, vol. 34(1), pages 92-98, January.
  • Handle: RePEc:eee:marpol:v:34:y:2010:i:1:p:92-98
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308-597X(09)00071-2
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. Kawata, Yukichika, 2012. "Fishery resource recovery strategy without reducing the number of landings: A case study of the ocellate puffer in Japan," Ecological Economics, Elsevier, vol. 77(C), pages 225-233.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:marpol:v:34:y:2010:i:1:p:92-98. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/marpol .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.