In this paper we try to assess the welfare implications of the Tanzanian fisheries boom following from the increase in quantities and prices of the Lake Victoria Nile perch export primarily to Europe over the last twenty years. We have a micro level perspective using data from a 1993 World...
In Senegal, macroeconomic and fishery sector policies stress sustainable
wealth creation for poverty alleviation. However, the current fisheries
management system is incapable of achieving this objective. The most
valuable fish stocks are over-exploited with excessive fishing effort and
capacity and no sustainable resource rents are being produced.
Policy reform has...
The Peruvian anchoveta fishery (the largest mono-specific fleet worldwide)
supplies mostly a chain of fishmeal and fish oil aimed at producing animal
feeds, mostly in other continents, whereas others supply chains for direct
human consumption only use <1% of the anchoveta landing. Although
improving during the last 10 years, this...
The UN Law of the Sea of 1982 assigned rights and responsibilities to the
fishery resources within 200 nautical miles of the coast (i.e.,the Exclusive
Economic Zones: EEZs) to the adjacent maritime countries. A key
responsibility is the requirement that these countries manage their marine
living resources sustainably through time...
In the globalizing era, world trade of fishery resources has sharply
increased. Because capture fisheries are hard to be managed, growing
opportunity for fishery trade may cause the overexploitation of world
fishery resources. For instance, the theoretical model developed by
Takarada et al (2009, mimeograph) implies that fish stocks may...
The cumulative global loss of economic potential from fisheries over the
last 30 years is US $3 trillion. More than half of these fishery sector losses
come from developing countries. However, these are only primary costs
and do not take into account human security risks associated with poorly
The World Bank has fostered introduction of an individual quota
management system in the world's largest fishery based on both economic
and social studies. The implementation of the quota legislation has
uncovered a range of issues which were largely foreseen but fall outside the
remit of the fisheries authorities. The...
Despite the global clamour for the eradication of child labour in agriculture, children in developing countries continue to be prominent actors in the fisheries sector though their contribution is unrecorded in the national income accounts of many countries. The study examined the involvement of children in artisanal fisheries in Ondo...
Economists have devoted considerable attention to rent-dissipation in limited-entry fisheries as a result of excessive use of capital inputs, or "capital stuffing." We may refer to this mechanism of rent dissipation as "cost-driven rent dissipation." An alternative potential mechanism of rent dissipation, which we refer to as "value-driven rent dissipation,"...
Recent articles in the multidisciplinary fisheries literature have been critical
of fisheries economics concepts and literature. For example, a paper by
Bromley (2009) entitled Abdicating Responsibility: The Deceits of
Fisheries Policy: Fisheries 34(6):280-302, provides a critical review of
fisheries economics. I explore the main issues raised in this paper and...