Measurement and Evaluation of Convergence of Japan’s Marine Fisheries and Marine Tourism

Wei Yao, Weikun Zhang, Wenxiu Li and Penglong Li
Additional contact information
Wei Yao: Graduate School of Marine Science and Technology, Tokyo University of Marine Science and Technology, Tokyo 108-8477, Japan
Weikun Zhang: Mangrove Institute, Lingnan Normal University, Zhanjiang 524088, China
Wenxiu Li: School of Economics & Trade, Guangdong University of Finance, Guangzhou 510520, China
Penglong Li: Department of Global Agriculture Science, The University of Tokyo, Tokyo 113-8657, Japan

Sustainability, 2022, vol. 14, issue 15, 1-16

Abstract: This study attempts to examine the convergence development of the marine fishery (MF) and marine tourism (MT) industries of Japan through the theory of industrial relevance. First, the current MF and MT situation in Japan is introduced to analyze the mechanism of the integration of the two industries. Second, a Vector Autoregression Model (VAR) is built to examine the relationship between MF and MT. In addition, the shock potential contributions of the MF and MT industries are identified using impulse response and variance decomposition. Results show that the impact of MF on MT is more significant than that of MT on MF. However, the interaction between MF and MT tends to stabilize in the long run. Third, the industrial integration case of Japan’s Himakajima Island is selected to analyze the MF and MT integration mechanism. The integration of MF and MT can reduce transaction costs, make full use of labor, and promote the development of the local economy. Therefore, attention should be paid to the integration of the MF and MT industries, rather than partial implementation, to balance the development of the marine economy. Finally, relevant suggestions and measures are presented for marine industry transformation and upgrading, industrial integration, and green ecological development.

Keywords: marine fisheries; marine tourism; industry convergence; vector autoregression model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/15/9108/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/15/9108/ (text/html)

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:gam:jsusta:v:14:y:2022:i:15:p:9108-:d:871087

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().