Do Economies Recover Their Fisheries? Evidence of an Environmental Kuznets Curve for Fish Stock Status

The depletion of global fish stocks poses a major challenge to sustainable development, particularly in economies where marine resources are critical to livelihoods and food security. In this study, the relationship between economic development and the sustainability of fish stocks is examined using the Environmental Kuznets Curve (EKC). We use panel data from 32 economies between 2002 and 2020 and analyze the fish stock status indicator (EPI_FSS) from the Environmental Performance Index, which captures the proportion of national catches from overfished or collapsed stocks. Using a dynamic panel approach and the generalized method of moments (GMM), we investigate how the human development index (HDI) and other socio-economic factors influence changes in the state of fish stocks. Our results show a statistically significant inverted-U-shaped (∩-shaped) relationship between the HDI and the state of fish stocks, suggesting that the deterioration of fish stocks increases at lower levels of development, but improves beyond a certain threshold. In addition, higher levels of foreign direct investment (FDI), education, and research and development (R&D) spending are associated with better outcomes for fish stocks. These results suggest that while early economic growth may put pressure on marine resources, sustained investment in human capital, innovation, and global integration is critical to promoting long-term marine sustainability.