Measuring fishery profitability: An index number approach

John B. Walden and Nolan Kitts

Marine Policy, 2014, vol. 43, issue C, 321-326

Abstract: Tracking the financial well-being of vessels that depend on a marine fishery resource is an important function of regulators. This research demonstrates how simple indices can be constructed and utilized to track the economic well-being of vessels operating in the Northeast (USA) Multispecies (Groundfish) Fishery. The indices, which use both public and private data, can separately track trends in inputs, outputs, and prices. For the Northeast Multispecies Fishery, the indices reveal that the economic well-being of the groundfish fleet has improved under catch share management through gains in productivity.

Keywords: Index numbers; Productivity; Economic health; Fisheries (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:marpol:v:43:y:2014:i:c:p:321-326

DOI: 10.1016/j.marpol.2013.07.002

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