IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v51y2019i14p1495-1513.html
   My bibliography  Save this article

Bioeconomic diversity dynamics of a marine ecosystem

Author

Listed:
  • Ikerne del Valle
  • Kepa Astorkiza

Abstract

This paper models the bio-economic diversity dynamics of a marine ecosystem made up by its entire commercial fish species and, from the fitted model, obtains a quantitative measure of its resilience to disturbance in terms of recovery time after a shock. Such shocks might be produced by both, downturns in catches and/or prices related to changing regulatory and environmental conditions. To that end, monthly time series of bio-economic diversity indices will be used and the framework of a mixed cyclical ARFIMA joint with a GARCH type heteroscedaticity model will be explored to analyse the dynamic properties of such indices and, based on the estimated impulse response functions (IRF) to measure the effects and duration of a unitary random shock or disturbance. One of our findings is that bio-economic diversity is a mean-reverting process with an estimated recovery time between 7 and 10 years.

Suggested Citation

  • Ikerne del Valle & Kepa Astorkiza, 2019. "Bioeconomic diversity dynamics of a marine ecosystem," Applied Economics, Taylor & Francis Journals, vol. 51(14), pages 1495-1513, March.
    • Handle: RePEc:taf:applec:v:51:y:2019:i:14:p:1495-1513
    DOI: 10.1080/00036846.2018.1527459
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2018.1527459
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2018.1527459?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. Hakjun Lee & Shik Heo, 2022. "Consumption Pattern Benefits of the Cultural Activities in South Korea," Sustainability, MDPI, vol. 15(1), pages 1-14, December.

    More about this item

    Statistics

    Access and download statistics

    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:taf:applec:v:51:y:2019:i:14:p:1495-1513. 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.

    We have no bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    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.