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The Seafood Sector in Ireland. An Assessment of the Employment Effects of Seafood Production Growth Targets

Author

Listed:
  • Amaya Vega

    (Socio-Economic Marine Research Unit (SEMRU) School of Business and Economics Room 338, JE Cairnes Building, National University of Ireland, Galway, Ireland)

  • Ana Corina Miller

    (Department of Agriculture and Food Economics, Agri-Food and Bioscience Institute, Belfast
    Institute for International Integration Studies, Trinity College Dublin)

  • Cathal O'Donoghue

    (Rural Economy Research Centre, Teagasc, Athenry, Co. Galway)

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

  • Amaya Vega & Ana Corina Miller & Cathal O'Donoghue, 2014. "The Seafood Sector in Ireland. An Assessment of the Employment Effects of Seafood Production Growth Targets," The Institute for International Integration Studies Discussion Paper Series iiisdp447, IIIS.
    • Handle: RePEc:iis:dispap:iiisdp447
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Economic impact; social accounting matrix; Irish seafood sector; employment multiplier;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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    1. Socio-economics of Fisheries and Aquaculture

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