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Integrated Environmental and Economic Accounting for Commercial Exploitation of Wild Fish Stocks

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Abstract
  • The paper discusses compilation of economic accounts for wild fish stocks. The methods proposed in the System of National Accounting (SNA) satellite system, the System for Integrated Environmental and Economic Accounting (SEEA) are discussed and their usefulness assessed in simple examples. The paper proposes some methods for estimating the value of commercially exploited fish stocks and the cost of exploiting them. The paper uses data on some important fish stocks in Icelandic waters to give examples of results from using the proposed methods and indicate the degree of uncertainty involved in the estimations. The values of the fish stocks are estimated by using the prices of share quotas and by using direct estimations of the sum of discounted expected future profits. Estimations of fixed-price value of the fish stocks are also discussed.
  • Keywords: Environmental national accounting, commercial fisheries, value of fish stocks, cost of exploitation
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Citation
  • Danielsson, Asgeir. Integrated Environmental and Economic Accounting for Commercial Exploitation of Wild Fish Stocks. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.
Conference Name
Conference Location
  • Corvallis, Oregon, USA
Proceedings Editors
  • Shriver, Ann L.
  • Johnston, Richard S.
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Funding Statement (additional comments about funding)
  • International Institute of Fisheries Economics and Trade; U.S. National Marine Fisheries Service; MG Kailis Group
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