TY - JOUR
T1 - Global marine fisheries with economic growth
AU - Sugiawan, Yogi
AU - Islam, Moinul
AU - Managi, Shunsuke
N1 - Funding Information:
Shunsuke Managi was supported by the following Grant in Aid from the Ministry of Education, Culture, Sports, Science and Technology in Japan (MEXT) : Grant in Aid for Specially Promoted Research [grant number 26000001 ]. Yogi Sugiawan was supported by Research and Innovation in Science and Technology Project (RISET-PRO), Ministry of Research, Technology, and Higher Education of Indonesia [loan number 8245-ID ]. Any opinions, findings, and conclusions expressed in this material are those of the authors and do not necessarily reflect the views of the funding agencies. We would like to thank anonymous reviewers for their very helpful and constructive comments, which improved this manuscript from the original.
Publisher Copyright:
© 2017 Economic Society of Australia, Queensland
PY - 2017/9
Y1 - 2017/9
N2 - This study explores the state of global marine fisheries and empirically analyzes its relationship to economic factors. We apply the pooled mean group estimator method to examine 70 fishing countries for the period of 1961–2010. We use both catch and the estimated size of stock as proxies for marine ecosystems. Our results confirm that economic growth initially leads to the deterioration of marine ecosystems. However, for a per capita income level of approximately 3,827 USD for the catch model and of 6,066 USD for the biomass model, we found beneficial impacts of economic growth on the sustainability of marine fisheries. Over the next two decades, we expect to see a decline in catch and indications of stock recovery.
AB - This study explores the state of global marine fisheries and empirically analyzes its relationship to economic factors. We apply the pooled mean group estimator method to examine 70 fishing countries for the period of 1961–2010. We use both catch and the estimated size of stock as proxies for marine ecosystems. Our results confirm that economic growth initially leads to the deterioration of marine ecosystems. However, for a per capita income level of approximately 3,827 USD for the catch model and of 6,066 USD for the biomass model, we found beneficial impacts of economic growth on the sustainability of marine fisheries. Over the next two decades, we expect to see a decline in catch and indications of stock recovery.
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U2 - 10.1016/j.eap.2017.08.004
DO - 10.1016/j.eap.2017.08.004
M3 - Article
AN - SCOPUS:85028545004
VL - 55
SP - 158
EP - 168
JO - Economic Analysis and Policy
JF - Economic Analysis and Policy
SN - 0313-5926
ER -
