A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies
José-María Da-Rocha (),
Raul Prellezo (),
Jaume Sempere () and
Luis Taboada Antelo ()
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José-María Da-Rocha: ITAM and Universidad de Vigo
Raul Prellezo: AZTI
Luis Taboada Antelo: (IIM) CSIC
Authors registered in the RePEc Author Service: José María Da Rocha ()
Serie documentos de trabajo del Centro de Estudios Económicos from El Colegio de México, Centro de Estudios Económicos
The paper develops and analyses a dynamic general equilibrium model with heterogeneous agents that can be used for assessment of the economic consequences of fish stock-rebuilding policies within the EU. In the model, entry and exit processes for individual firms are endogenous, as well as output, employment and wages. This model is applied to a fishery of the Mediterranean Sea. The results provide both individual and aggregate data that can help managers in understanding the economic consequences of rebuilding strategies. In particular, this study shows that, for the application presented, all aggregate results improve if the stock rebuilding strategy is followed, while individual results depend on the indicator selected.
Keywords: macroeconomics; general equilibrium model; multiannual management plans (search for similar items in EconPapers)
JEL-codes: Q22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:emx:ceedoc:2017-01
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