Net economic effects of achieving maximum economic yield in fisheries

Ana Norman-Lopez and Sean Pascoe

Marine Policy, 2011, vol. 35, issue 4, 489-495

Abstract: Improving the economic performance of fisheries is becoming increasingly important in fisheries management, and in some cases, maximum economic yield (MEY) is set as a key management target. However, recent critics of MEY as a management target have argued that a decline in the level of fishing activity necessary to achieve the target will result in a subsequent loss of economic activity elsewhere in the economy and, potentially, a net loss to society. In this paper, an input-output framework is used to estimate the net economic effects of achieving MEY in several Australian fisheries for which there is information on their short- and long-term performances when moving towards MEY. While overall losses were found in the short term, achieving MEY was found to result in a net economic benefit to society in the longer term. Local coastal communities in particular were found to benefit, although some losses were incurred elsewhere in the economy.

Keywords: Maximum; economic; yield; Fisheries; management; Net; economic; effects; Input-output; analysis (search for similar items in EconPapers)
Date: 2011
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