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.
Climate change and continued fishing pressure threaten to increase recruitment variability for many wild stocks. Additionally, as many seafood markets are now integrated nationally and globally, individual fisheries may be less insulated from broad macroeconomic shocks. Large inter-annual shifts in fisheries production may have dramatic consequences for economically dependent industries and communities, especially in impoverished or developing regions. Using country-level data on fisheries production, I explore the relationship between volatility and employment. A strong negative relationship is found to exist between prior period volatility and current period fishery sector employment, even after controlling for the effects of several other variables and allowing unobservable factors to be correlated within country. These findings suggest that increases in the volatility of fisheries production—as a result of overfishing or exogenous environmental and economic shocks—may lead to decreased employment levels and consolidation of fishing industries.