IDEAS home Printed from https://ideas.repec.org/p/ehu/dfaeii/10021.html
   My bibliography  Save this paper

Economic Effects of Global Warming under Stock Growth Uncertainty: The European Sardine Fishery

Author

Listed:
  • Da Rocha, José María
  • Gutiérrez Huerta, María José
  • Villasante, Sebastián

Abstract

Global warming of the oceans is expected to alter the environmental conditions that determine the growth of a fishery resource. Most climate change studies are based on models and scenarios that focus on economic growth, or they concentrate on simulating the potential losses or cost to fisheries due to climate change. However, analysis that addresses model optimization problems to better understand of the complex dynamics of climate change and marine ecosystems is still lacking. In this paper a simple algorithm to compute transitional dynamics in order to quantify the effect of climate change on the European sardine fishery is presented. The model results indicate that global warming will not necessarily lead to a monotonic decrease in the expected biomass levels. Our results show that if the resource is exploited optimally then in the short run, increases in the surface temperature of the fishery ground are compatible with higher expected biomass and economic profit.

Suggested Citation

  • Da Rocha, José María & Gutiérrez Huerta, María José & Villasante, Sebastián, 2013. "Economic Effects of Global Warming under Stock Growth Uncertainty: The European Sardine Fishery," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
  • Handle: RePEc:ehu:dfaeii:10021
    as

    Download full text from publisher

    File URL: https://addi.ehu.es/handle/10810/10021
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kavuncu, Y. Okan, 2007. "Intergenerational cost–benefit analysis of climate change: an endogenous abatement approach," Environment and Development Economics, Cambridge University Press, vol. 12(2), pages 183-211, April.
    2. Medel, Carlos A., 2011. "The Effects of Global Warming on Fisheries," MPRA Paper 28373, University Library of Munich, Germany.
    3. José Da Rocha & María Gutiérrez, 2012. "Endogenous Fishery Management in a Stochastic Model: Why Do Fishery Agencies Use TACs Along with Fishing Periods?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(1), pages 25-59, September.
    4. Eboli, Fabio & Parrado, Ramiro & Roson, Roberto, 2010. "Climate-change feedback on economic growth: explorations with a dynamic general equilibrium model," Environment and Development Economics, Cambridge University Press, vol. 15(5), pages 515-533, October.
    5. Tseng, Wei-Chun & Chen, Chi-Chung, 2008. "Valuing the potential economic impact of climate change on the Taiwan trout," Ecological Economics, Elsevier, vol. 65(2), pages 282-291, April.
    6. José-María Da Rocha & María-Jose Gutiérrez & Luis Antelo, 2013. "Selectivity, Pulse Fishing and Endogenous Lifespan in Beverton-Holt Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 139-154, January.
    7. Francesco Bosello & Roberto Roson & Richard Tol, 2007. "Economy-wide Estimates of the Implications of Climate Change: Sea Level Rise," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(3), pages 549-571, July.
    8. Sean Pascoe & Simon Vieira & Catherine M. Dichmont & André E. Punt, 2011. "Optimal vessel size and output in the Australian northern prawn fishery: a restricted profit function approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(1), pages 107-125, January.
    9. Trevor A. Branch & Reg Watson & Elizabeth A. Fulton & Simon Jennings & Carey R. McGilliard & Grace T. Pablico & Daniel Ricard & Sean R. Tracey, 2010. "The trophic fingerprint of marine fisheries," Nature, Nature, vol. 468(7322), pages 431-435, November.
    10. Andreas Schmittner, 2005. "Decline of the marine ecosystem caused by a reduction in the Atlantic overturning circulation," Nature, Nature, vol. 434(7033), pages 628-633, March.
    11. Tahvonen, Olli, 2009. "Economics of harvesting age-structured fish populations," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 281-299, November.
    12. Hannesson, Rögnvaldur, 2007. "Geographical distribution of fish catches and temperature variations in the northeast Atlantic since 1945," Marine Policy, Elsevier, vol. 31(1), pages 32-39, January.
    13. Ken Caldeira & Michael E. Wickett, 2003. "Anthropogenic carbon and ocean pH," Nature, Nature, vol. 425(6956), pages 365-365, September.
    Full references (including those not matched with items on IDEAS)

    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. Colla-De-Robertis, Esteban & Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutiérrez, María-José & Prellezo, Raul, 2018. "A bayesian estimation of the economic effects of the Common Fisheries Policy on the Galician Fleet: a dynamic stochastic general equilibrium approach," MPRA Paper 89944, University Library of Munich, Germany.
    2. Ni, Yuanming & Steinshamn, Stein I. & Kvamsdal, Sturla F., 2022. "Negative shocks in an age-structured bioeconomic model and how to deal with them," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 15-30.
    3. Da Rocha, José María & García-Cutrín, Javier & Gutiérrez Huerta, María José & Touza, Julia, 2015. "Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    4. Parrado, Ramiro & De Cian, Enrica, 2014. "Technology spillovers embodied in international trade: Intertemporal, regional and sectoral effects in a global CGE framework," Energy Economics, Elsevier, vol. 41(C), pages 76-89.
    5. Francesco Bosello & Lorenza Campagnolo & Raffaello Cervigni & Fabio Eboli, 2018. "Climate Change and Adaptation: The Case of Nigerian Agriculture," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(4), pages 787-810, April.
    6. Theodoros Chatzivasileiadis & Ignasi Cortes Arbues & Jochen Hinkel & Daniel Lincke & Richard S. J. Tol, 2023. "Actualised and future changes in regional economic growth through sea level rise," Papers 2401.00535, arXiv.org.
    7. Theodoros N. Chatzivasileiadis & Marjan W. Hofkes & Onno J. Kuik & Richard S.J. Tol, 2016. "Full economic impacts of sea level rise: loss of productive resources and transport disruptions," Working Paper Series 09916, Department of Economics, University of Sussex Business School.
    8. Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutierrez, Maria Jose & Touze, Julia, 2016. "A note on CES Preferences in Age-Structured Models," MPRA Paper 75298, University Library of Munich, Germany.
    9. Richard S. J. Tol & Robert J. Nicholls & Sally Brown & Jochen Hinkel & Athanasios T. Vafeidis & Tom Spencer & Mark Schuerch, 2016. "Comment on ‘The Global Impacts of Extreme Sea-Level Rise: A Comprehensive Economic Assessment’," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(2), pages 341-344, June.
    10. Ni, Yuanming & Steinshamn, Stein I., 2016. "Optimal fishing mortalities with age-structured bioeconomic model - a case of NEA mackerel," Discussion Papers 2016/9, Norwegian School of Economics, Department of Business and Management Science.
    11. Ochuodho, T.O. & Lantz, V.A. & Lloyd-Smith, P. & Benitez, P., 2012. "Regional economic impacts of climate change and adaptation in Canadian forests: A CGE modeling analysis," Forest Policy and Economics, Elsevier, vol. 25(C), pages 100-112.
    12. Winchester Niven & Paltsev Sergey & Reilly John M, 2011. "Will Border Carbon Adjustments Work?," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-29, January.
    13. Karen Fisher-Vanden & Ian Sue Wing & Elisa Lanzi & David Popp, 2013. "Modeling climate change feedbacks and adaptation responses: recent approaches and shortcomings," Climatic Change, Springer, vol. 117(3), pages 481-495, April.
    14. Delpiazzo, Elisa & Parrado, Ramiro, 2016. "Analyzing the coordinated impacts of climate policies for financing adaptation and development actions," Conference papers 332737, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Roberto Roson & Dominique Van der Mensbrugghe, 2012. "Climate change and economic growth: impacts and interactions," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 4(3), pages 270-285.
    16. Ochuodho, Thomas O. & Lantz, Van A. & Olale, Edward, 2016. "Economic impacts of climate change considering individual, additive, and simultaneous changes in forest and agriculture sectors in Canada: A dynamic, multi-regional CGE model analysis," Forest Policy and Economics, Elsevier, vol. 63(C), pages 43-51.
    17. José-María Da-Rocha & Rosa Mato-Amboage, 2016. "On the Benefits of Including Age-Structure in Harvest Control Rules," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 619-641, August.
    18. Enrica De Cian & Ramiro Parrado, 2012. "Technology Spillovers Embodied in International Trade: Intertemporal, regional and sectoral effects in a global CGE," Working Papers 2012.27, Fondazione Eni Enrico Mattei.
    19. Alvin Slewion Jueseah & Dadi Mar Kristofersson & Tumi Tómasson & Ogmundur Knutsson, 2020. "A Bio-Economic Analysis of the Liberian Coastal Fisheries," Sustainability, MDPI, vol. 12(23), pages 1-21, November.
    20. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.

    More about this item

    Keywords

    global warming; stock growth uncertainty; European sardine fishery;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ehu:dfaeii:10021. 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: Alcira Macías Redondo (email available below). General contact details of provider: https://edirc.repec.org/data/f1ehues.html .

    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.