Size and Resilience of the Blue Economy in Pacific Island Economies

Fabien Gonguet and Junting Zhou

No 2024/255, IMF Working Papers from International Monetary Fund

Abstract: Economic output and livelihoods in Pacific Island economies (PIEs) rely greatly on ocean-related sectors and products, known as the ”Blue Economy”. Yet, marine ecosystems are under mounting pressure of climate change and human degradation, exposing PIEs to very large risks, while they have only limited technical and financial capacity to mitigate them. This paper aims: first to estimate the size of the Blue Economy in PIEs, based on comprehensive international input-output tables; and second to simulate the impact of selected shocks in PIEs, so as to provide insights on the resilience of the Blue Economy to shocks, including from climate change.

Keywords: Climate change; Blue Economy; Pacific Island Economies; input-output analysis; global value chains; commodity trade statistics database; resilience of the Blue Economy; livelihoods in Pacific Island economies; GVA multiplier effects; demand shock; input-output table; Agroindustries; Tourism; Natural disasters; Pacific Islands; Global (search for similar items in EconPapers)
Pages: 33
Date: 2024-12-20
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