Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.
This study analyzes the relationship between annual growth in the production of the major aquaculture countries and the quality of institutions in those countries over the last three decades (1984- 2013). Seventy-four aquaculture countries from five different regions - Africa, the Americas, Asia, Europe and Oceania - were selected for the study. The annual percentage change in total aquaculture production in terms of quantity and value was used as a proxy for sector development. Three indices governance, corruption, and competitiveness were used as institutional quality proxies. The results show that the quality of the national institutions does not significantly influence the aquaculture production. Most developed countries with higher quality institutions experienced a negative average annual change in production. However, some Asian and African countries with lower quality national institutions enjoyed a positive average annual change in production. Furthermore, the study found that total aquaculture production was not affected by eco-label certification. We conclude by presenting the “aquaculture paradox."