An empirical analysis of the economic value of ocean space associated with commercial fishing

Di Jin, Porter Hoagland and Brooke Wikgren

Marine Policy, 2013, vol. 42, issue C, 74-84

Abstract: Understanding the economic value of ocean space is critical for implementing marine spatial planning (MSP). Empirical data from 1999 to 2008 are compiled on the economic values arising from commercial fishing in the Gulf of Maine and adjacent areas. The data are analyzed to characterize factors affecting the spatial and temporal distribution of measures of economic productivity and fishing effort. The analysis consisted of four components: (1) estimation of net revenue at the 10-min square level by season and gear; (2) assessment of variability for catch revenue and catch per unit effort; (3) mapping net revenue and variability in the study area; and (4) estimation of interactions among catch, effort, season, and gear type. The results indicated that, at each location, average fishing efforts exhibited a positive response to increases in expected revenues and a negative response to variability in revenues. Most of the variability in catch revenue can be explained by changes in fishing effort, implying that the spatial patterns of fishery resources are relatively stable at the 10-min square level. An important conclusion is that a spatial scale of at least the 10-min square is appropriate for undertaking MSP involving allocations of commercial fisheries.

Keywords: Marine spatial planning; Economic value; Fisheries (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0308597X13000237
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:marpol:v:42:y:2013:i:c:p:74-84

DOI: 10.1016/j.marpol.2013.01.014

Access Statistics for this article

Marine Policy is currently edited by Eddie Brown

More articles in Marine Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().