IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i7p6089-d1113209.html
   My bibliography  Save this article

The Impact of Fisheries on the Economy: A Systematic Review on the Application of General Equilibrium and Input–Output Methods

Author

Listed:
  • Negar Akbari

    (School of Organisations, Systems and People, Faculty of Business and Law, University of Portsmouth, Portsmouth PO1 3DE, UK)

  • Pierre Failler

    (UNESCO Chair in Ocean Governance, Centre for Blue Governance, University of Portsmouth, Portsmouth PO1 3DE, UK)

  • Haoran Pan

    (School of Economics and Resource Management, Beijing Normal University, Beijing 100875, China
    Center for Innovation and Development Studies, Beijing Normal University, Zhuhai 519087, China)

  • Benjamin Drakeford

    (Centre for Blue Governance, Faculty of Business and Law, University of Portsmouth, Portsmouth PO1 3DE, UK)

  • Andy Forse

    (Centre for Blue Governance, Faculty of Business and Law, University of Portsmouth, Portsmouth PO1 3DE, UK)

Abstract

In this paper, a systematic literature review on the impact of fisheries on the economy and the application of the computable general equilibrium (CGE) and input–output (IO) methods for assessing this impact is conducted. The importance of fisheries as a food source, the over exploitation of this resource, and, consequently, the impact of fisheries on the economy are the motivations behind this study. By reviewing the applications of two of the most common economic modelling tools, we aim to shine light on the state of the art and how the impact of fisheries on the economy has been addressed in the literature. In this analysis, three main themes of socio-economic, ecological, and environmental have been identified, and the application of these methods in each theme has been considered. The results show that while IO methods continue to be applied in the literature, the CGE method has experienced increased application recently, and future applications are anticipated due to its enhanced capabilities in comparison with IO models.

Suggested Citation

  • Negar Akbari & Pierre Failler & Haoran Pan & Benjamin Drakeford & Andy Forse, 2023. "The Impact of Fisheries on the Economy: A Systematic Review on the Application of General Equilibrium and Input–Output Methods," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:7:p:6089-:d:1113209
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/7/6089/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/7/6089/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eichner, Thomas & Pethig, Rüdiger, 2009. "Pricing the ecosystem and taxing ecosystem services: A general equilibrium approach," Journal of Economic Theory, Elsevier, vol. 144(4), pages 1589-1616, July.
    2. Waters, Edward C. & Seung, Chang K. & Hartley, Marcus L. & Dalton, Michael G., 2014. "Measuring the multiregional economic contribution of an Alaska fishing fleet with linkages to international markets," Marine Policy, Elsevier, vol. 50(PA), pages 238-248.
    3. Lee, Min-Kyu & Yoo, Seung-Hoon, 2014. "The role of the capture fisheries and aquaculture sectors in the Korean national economy: An input–output analysis," Marine Policy, Elsevier, vol. 44(C), pages 448-456.
    4. Chang Seung & Edward Waters, 2010. "Evaluating Supply-Side And Demand-Side Shocks For Fisheries: A Computable General Equilibrium (Cge) Model For Alaska," Economic Systems Research, Taylor & Francis Journals, vol. 22(1), pages 87-109.
    5. Thomas Eichner & Rüdiger Pethig, 2007. "Harvesting in an integrated general equilibrium model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 233-252, May.
    6. Carvalho, Natacha & Rege, Sameer & Fortuna, Mário & Isidro, Eduardo & Edwards-Jones, Gareth, 2011. "Estimating the impacts of eliminating fisheries subsidies on the small island economy of the Azores," Ecological Economics, Elsevier, vol. 70(10), pages 1822-1830, August.
    7. Patrick, Wesley S. & Benaka, Lee R., 2013. "Estimating the economic impacts of bycatch in U.S. commercial fisheries," Marine Policy, Elsevier, vol. 38(C), pages 470-475.
    8. Wang, Ying & Hu, Jianfeng & Pan, Haoran & Li, Shiyu & Failler, Pierre, 2016. "An integrated model for marine fishery management in the Pearl River Estuary: Linking socio-economic systems and ecosystems," Marine Policy, Elsevier, vol. 64(C), pages 135-147.
    9. Jin, Di & Hoagland, Porter & Morin Dalton, Tracey, 2003. "Linking economic and ecological models for a marine ecosystem," Ecological Economics, Elsevier, vol. 46(3), pages 367-385, October.
    10. Nong, Duy, 2019. "Potential economic impacts of global wild catch fishery decline in Southeast Asia and South America," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 213-226.
    11. Bhat, Mahadev G. & Bhatta, Ramachandra, 2006. "Regional economic impacts of limited entry fishery management: an application of dynamic input–output model," Environment and Development Economics, Cambridge University Press, vol. 11(6), pages 709-728, December.
    12. José-María Da-Rocha & Raul Prellezo & Jaume Sempere & Luis Taboada Antelo, 2017. "A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies," Serie documentos de trabajo del Centro de Estudios Económicos 2017-01, El Colegio de México, Centro de Estudios Económicos.
    13. Scrieciu, S. Serban, 2007. "The inherent dangers of using computable general equilibrium models as a single integrated modelling framework for sustainability impact assessment. A critical note on Bohringer and Loschel (2006)," Ecological Economics, Elsevier, vol. 60(4), pages 678-684, February.
    14. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550.
    15. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-1051, September.
    16. Allan, Grant & Hanley, Nick & McGregor, Peter & Swales, Kim & Turner, Karen, 2007. "The impact of increased efficiency in the industrial use of energy: A computable general equilibrium analysis for the United Kingdom," Energy Economics, Elsevier, vol. 29(4), pages 779-798, July.
    17. Holmøy, Erling, 2016. "The development and use of CGE models in Norway," Journal of Policy Modeling, Elsevier, vol. 38(3), pages 448-474.
    18. Chang K. Seung & Michael G. Dalton & André E. Punt & Dusanka Poljak & Robert Foy, 2015. "Economic Impacts Of Changes In An Alaska Crab Fishery From Ocean Acidification," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 6(04), pages 1-35, November.
    19. Angeles Cámara & Rosa Santero-Sánchez, 2019. "Economic, Social, and Environmental Impact of a Sustainable Fisheries Model in Spain," Sustainability, MDPI, vol. 11(22), pages 1-16, November.
    20. Rose, Adam, 1995. "Input-output economics and computable general equilibrium models," Structural Change and Economic Dynamics, Elsevier, vol. 6(3), pages 295-304, August.
    21. Kaplan, Isaac C. & Leonard, Jerry, 2012. "From krill to convenience stores: Forecasting the economic and ecological effects of fisheries management on the US West Coast," Marine Policy, Elsevier, vol. 36(5), pages 947-954.
    22. Richard Stone, 1966. "The Social Accounts From A Consumer'S Point Of View," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 12(1), pages 1-33, March.
    23. Steven Gronau & Etti Winter & Ulrike Grote, 2020. "Aquaculture, fish resources and rural livelihoods: a village CGE analysis from Namibia’s Zambezi Region," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(2), pages 615-642, February.
    24. Seung, Chang K. & Kim, Do-Hoon & Yi, Ju-Hyun & Song, Se-Hyun, 2021. "Accounting for price responses in economic evaluation of climate impacts for a fishery," Ecological Economics, Elsevier, vol. 181(C).
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Xiao Liang & Shilong Yang & Zhichao Lou & Abdelrahman Ali, 2024. "The Impact of Japan’s Discharge of Nuclear-Contaminated Water on Aquaculture Production, Trade, and Food Security in China and Japan," Sustainability, MDPI, vol. 16(3), pages 1-15, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Ying & Hu, Jianfeng & Pan, Haoran & Li, Shiyu & Failler, Pierre, 2016. "An integrated model for marine fishery management in the Pearl River Estuary: Linking socio-economic systems and ecosystems," Marine Policy, Elsevier, vol. 64(C), pages 135-147.
    2. Surís-Regueiro, Juan C. & Garza-Gil, M. Dolores & Varela-Lafuente, Manuel M., 2014. "Socio-economic quantification of fishing in a European urban area: The case of Vigo," Marine Policy, Elsevier, vol. 43(C), pages 347-358.
    3. Haoran Pan & Pierre Failler & Qianyi Du & Christos Floros & Loretta Malvarosa & Emmanuel Chassot & Vincenzo Placenti, 2022. "An Inter-Temporal Computable General Equilibrium Model for Fisheries," Sustainability, MDPI, vol. 14(11), pages 1-23, May.
    4. Mark D. Partridge & Dan S. Rickman, 1998. "Regional Computable General Equilibrium Modeling: A Survey and Critical Appraisal," International Regional Science Review, , vol. 21(3), pages 205-248, December.
    5. Bjarne S. Jensen, 2004. "Pareto Efficiency, Relative Prices, and Solutions to CGE Models," DEGIT Conference Papers c009_006, DEGIT, Dynamics, Economic Growth, and International Trade.
    6. Karim, Mohamed, 2013. "Taxation of agricultural sector in Morocco. An Analysis using a Dynamic Computable General Equilibrium Model," MPRA Paper 45622, University Library of Munich, Germany.
    7. Travis Warziniack & David Finnoff & Jonathan Bossenbroek & Jason Shogren & David Lodge, 2011. "Stepping Stones for Biological Invasion: A Bioeconomic Model of Transferable Risk," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(4), pages 605-627, December.
    8. Smith, Richard D. & Yago, Milton & Millar, Michael & Coast, Jo, 2005. "Assessing the macroeconomic impact of a healthcare problem: The application of computable general equilibrium analysis to antimicrobial resistance," Journal of Health Economics, Elsevier, vol. 24(6), pages 1055-1075, November.
    9. Angeles Cámara & Rosa Santero-Sánchez, 2019. "Economic, Social, and Environmental Impact of a Sustainable Fisheries Model in Spain," Sustainability, MDPI, vol. 11(22), pages 1-16, November.
    10. Mark Partridge & Dan Rickman, 2010. "Computable General Equilibrium (CGE) Modelling for Regional Economic Development Analysis," Regional Studies, Taylor & Francis Journals, vol. 44(10), pages 1311-1328.
    11. Dimitropoulos, John, 2007. "Energy productivity improvements and the rebound effect: An overview of the state of knowledge," Energy Policy, Elsevier, vol. 35(12), pages 6354-6363, December.
    12. Fullerton, Don & Ta, Chi L., 2019. "Environmental policy on the back of an envelope: A Cobb-Douglas model is not just a teaching tool," Energy Economics, Elsevier, vol. 84(S1).
    13. Bjarne S. Jensen & Mogens E. Larsen, 2005. "General Equilibrium Dynamics of Multi-Sector Growth Models," DEGIT Conference Papers c010_003, DEGIT, Dynamics, Economic Growth, and International Trade.
    14. Zhai, Fan, 2007. "Armington Meets Melitz: Introducing Firm Heterogeneity in Global CGE Model of Trade," Conference papers 331646, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Nabernegg, Stefan & Bednar-Friedl, Birgit & Muñoz, Pablo & Titz, Michaela & Vogel, Johanna, 2019. "National Policies for Global Emission Reductions: Effectiveness of Carbon Emission Reductions in International Supply Chains," Ecological Economics, Elsevier, vol. 158(C), pages 146-157.
    16. Mahmood, Arshad & Marpaung, Charles O.P., 2014. "Carbon pricing and energy efficiency improvement -- why to miss the interaction for developing economies? An illustrative CGE based application to the Pakistan case," Energy Policy, Elsevier, vol. 67(C), pages 87-103.
    17. Bohringer, Christoph & Boeters, Stefan & Feil, Michael, 2005. "Taxation and unemployment: an applied general equilibrium approach," Economic Modelling, Elsevier, vol. 22(1), pages 81-108, January.
    18. Timilsina, Govinda & Steinbuks, Jevgenijs & Sapkota, Prakash, 2019. "Economy-wide Cost of Electricity Load Shedding in Nepal," Conference papers 333038, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    19. Kym Anderson, 2003. "Measuring Effects of Trade Policy Distortions: How Far Have We Come?," The World Economy, Wiley Blackwell, vol. 26(4), pages 413-440, April.
    20. Peichl, Andreas, 2008. "The benefits of linking CGE and Microsimulation Models - Evidence from a Flat Tax analysis," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 08-6, University of Cologne, FiFo Institute for Public Economics.

    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:gam:jsusta:v:15:y:2023:i:7:p:6089-:d:1113209. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.