Azores Blue Economy: Measuring the Importance of Azorean Maritime-Related Activities for Portugal’s Economy Using the Partial Hypothetical Extraction Method

Igor Oliveira Santos Roson (), Lucas Geraldo, Ademir Antônio Moreira Rocha and Eduardo Haddad
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Igor Oliveira Santos Roson: Departamento de Economia, Universidade de São Paulo
Lucas Geraldo: Departamento de Economia, Universidade de São Paulo
Ademir Antônio Moreira Rocha: Departamento de Economia, Universidade de São Paulo

No 9-2024, TD NEREUS from Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS)

Abstract: Economic activities tied to marine and coastal resources, known as blue economy, play a crucial role in coastal regions like Portugal. Despite a small population and resource challenges, the blue economy, offers potential growth for the Azorean economy. In addition, the interest in measuring the blue economy created your own strand of research. Then, this work aims to quantify the contribution of maritime related economic activities to the regional and national economy, evaluating not only the participation of activities directly carried out at sea but also their systemic effects, with a focus on the value chain perspective. The results reveal that 0.41% of Portugal’s GDP is tied to Azorean maritime activities. Furthermore, 16.58% of the Azorean GDP relies on the blue economy, employing over 15,000 people locally and affecting employment and emissions differently across regions like Madeira and Lisbon due to varying local productive structures.

Keywords: Regional Accounts; Ocean Economy; Blue Economy; Ocean-related activities; Local Economic Activity; Input-Output Analysis; Domestic Value Chains (search for similar items in EconPapers)
JEL-codes: C67 D57 E01 R12 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2024-08-24
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