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The Seafood Sector in Ireland: Economic Impacts of Seafood Production Growth Targets

Author

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  • Vega, Amaya
  • Miller, Ana Corina
  • O'Donoghue, Cathal

Abstract

This paper examines the potential economic impact of the Irish government strategy for the development of the seafood sector in Ireland, Food Harvest 2020 (FH2020). The seafood industry accounts for a large proportion of income and employment in peripheral coastal areas. Many of these regions are predominantly rural and they are largely dependent on the primary fisheries sector. Moreover, the services and retail businesses in these areas are heavily dependent on direct spending from the fisheries,aquaculture and seafood processing sectors. A social accounting matrix (SAM) approach with (1) set to zero purchase coefficients for all directly impacted industries and (2) changes in output converted to final demand shocks is used to calculate the economic and employment impact on the rest of the economy from an increase in the output in the fisheries, aquaculture and seafood processing sectors in Ireland. The results suggest fisheries sectors have strong links with the rest of the economy hence an important economic impact from a policy perspective.

Suggested Citation

  • Vega, Amaya & Miller, Ana Corina & O'Donoghue, Cathal, 2014. "The Seafood Sector in Ireland: Economic Impacts of Seafood Production Growth Targets," Working Papers 163051, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    • Handle: RePEc:ags:semrui:163051
    DOI: 10.22004/ag.econ.163051
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    References listed on IDEAS

    as
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    2. Morrissey, Karyn & O’Donoghue, Cathal, 2013. "The role of the marine sector in the Irish national economy: An input–output analysis," Marine Policy, Elsevier, vol. 37(C), pages 230-238.
    3. Khalilian, Setareh & Froese, Rainer & Proelss, Alexander & Requate, Till, 2010. "Designed for failure: A critique of the Common Fisheries Policy of the European Union," Marine Policy, Elsevier, vol. 34(6), pages 1178-1182, November.
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    8. repec:rre:publsh:v:34:y:2004:i:1:p:57-71 is not listed on IDEAS
    9. Miller, Ana Corina & Matthews, Alan & Donnellan, Trevor & O’Donoghue, Cathal, 2013. "The Employment Effects of Food Harvest 2020 in Ireland," 87th Annual Conference, April 8-10, 2013, Warwick University, Coventry, UK 158698, Agricultural Economics Society.
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    11. Chang Seung & Edward Waters, 2013. "Calculating impacts of exogenous output changes: application of a social accounting matrix (SAM) model to Alaska fisheries," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 51(2), pages 553-573, October.
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    2. 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.
    3. Chang K. Seung & Do-Hoon Kim, 2020. "Examining Supply Chain for Seafood Industries Using Structural Path Analysis," Sustainability, MDPI, vol. 12(5), pages 1-20, March.
    4. Surís-Regueiro, Juan C. & Santiago, Jose L., 2018. "Assessment of Socioeconomic Impacts Through Physical Multipliers: The Case of Fishing Activity in Galicia (Spain)," Ecological Economics, Elsevier, vol. 147(C), pages 276-297.

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