Commercial fisheries & local economies

Brett Watson, Matthew Reimer (), Mouhcine Guettabi and Alan Haynie

Journal of Environmental Economics and Management, 2021, vol. 106, issue C

Abstract: Commercial fisheries are often presumed to contribute meaningfully to local economies, despite a lack of supporting empirical evidence. We address this gap by estimating local economic effects from commercial fishing activity in Alaska. Using exogenous variation in fish stocks and prices, we find that a 10% increase in a community's annual resident fishery earnings leads to a corresponding 0.7% increase in resident income. This translates to an increase of 1.54 dollars in total income for each dollar increase in fisheries earnings. Our results demonstrate the potential for local benefits from commercial fishing through direct, indirect, and induced effects into other sectors. Moreover, our findings demonstrate the importance of local resource ownership for generating benefits for local economies.

Keywords: Renewable resources; Fisheries; Shift-share instrument; Leakage; Spillovers (search for similar items in EconPapers)
JEL-codes: O11 Q22 R12 R23 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:106:y:2021:i:c:s0095069621000024

DOI: 10.1016/j.jeem.2021.102419

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