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The economic impact of the Maritime Spatial Planning (MSP) in Europe

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https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/n583z3159

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  • The European Union has set 2021 as the deadline for having a marine spatial plan in place for all its members. Despite the substantial literature analysing the last four decades of MSP implementation worldwide, the quantification of its economic effects remains at early stages. This presentation presents a methodological approach to assess the economic impacts of MSP. The approach has been applied to three front-run case studies in Europe: Belgium, Germany and Norway. The methodology is organized in five phases: identification of the sectors affected by the MSP, data collection and harmonization, development of counterfactual scenarios, estimation of the direct effects after the stakeholders' consultation and macroeconomic assessment of the effects. The key variables under analysis are the value of production and employment. The results show positive impacts on the blue (or maritime) sectors, as well as on other inland economic activities. Direct effects (affecting the blue sectors) are the most relevant, followed by the induced effects (related to 65 branches of each economies) and the indirect effects (affecting to those sectors whoprovide goods and services to the blue sectors). Conversely, the negative effects in terms of the number of sectors and intensity were low. The approach provides a systematic way of measuring the benefits and costs for the wide economy, reinforcing the appraisal, development and evaluation of the MSP.
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  • Vigo, Galicia, Spain
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