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Rent Drain Estimation of the Thai Fisheries in the Gulf of Thailand

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Abstract
  • The fishery resources in the Gulf of Thailand have been subjected to excessive levels of fishing effort since perhaps as long as two to three decades. This has caused a change in catch composition with a higher share of short-lived species. The influence of this change on the value of the catch has not been unambiguously negative because some short-lived species fetch a good price. This notwithstanding, the paper shows significant rent losses associated with overfishing and greatly excessive fleet sizes in the Gulf of Thailand for all three of the studied fisheries, namely for demersal resources, Indo-Pacific mackeral and anchovy.
  • Keywords: Short-lived species, Fisheries Economics, Indo-Pacific mackerel, Rent drain, Thai fisheries, Demersal resources, Overfishing, Anchovy, Gulf of Thailand
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  • Boonchuwong, Pongpat and Waraporn Dechboon. 2008. Rent Drain Estimation of the Thai Fisheries in the Gulf of Thailand. 9 pages. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, The Department of Fisheries and Oceans, Canada; Aquaculture CRSP and AquaFish CRSP; Minh Phu Seafood Corporation; Vietnam Datacommunication Company (VDC); Camau Frozen Seafood Processing Import Export Corporation (Camimex); Long Sinh Limited Company; Mai Linh Group and Nam Viet Corporation.
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