Disentangling Effects of Policy Reform and Environmental Changes in the Norwegian Coastal Fishery for Cod

Florian Diekert and Tore Schweder

Land Economics, 2017, vol. 93, issue 4, 689-709

Abstract: We construct a detailed bioeconomic model of the Norwegian coastal cod fishery. This fishery has been open access up to the policy change during the “cod crisis” of 1989/1990. To answer to what extent the subsequent increase in biomass and profits was due to improved management, we isolate the effect of environmental variability. Projecting stock and harvest forward in the counterfactual scenario of no intervention, we show that the policy had a small positive impact on biomass, but a pronounced positive effect on profits. The main drivers of profit gains are increases in productivity and savings in fuel and labor costs.

JEL-codes: D23 Q22 (search for similar items in EconPapers)
Date: 2017
Note: DOI: 10.3368/le.93.4.689
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:93:y:2017:i:4:p:689-709

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