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The Global Competition for Wild Fish Resources between Livestock and Aquaculture

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  • Sigbjørn Tveterås
  • Ragnar Tveterås

Abstract

Aquaculture satisfies a growing global demand for fish but also consumes an increasing share of the world’s wild fish resources. This has led to a concern that increased aquaculture production poses a threat to the sustainability of capture fisheries. We use a shrinkage estimator to estimate fishmeal demand from countries with different make‐up of meat and farmed salmon production. Although we are not able to identify structural differences between these sectors, the empirical results show that fishmeal demand is price inelastic. Technological change, however, is reducing fishmeal usage in feeds, suggesting that strong demand pressure on pelagic fish resources targeted for fishmeal is a temporary phenomenon.

Suggested Citation

  • Sigbjørn Tveterås & Ragnar Tveterås, 2010. "The Global Competition for Wild Fish Resources between Livestock and Aquaculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(2), pages 381-397, June.
    • Handle: RePEc:bla:jageco:v:61:y:2010:i:2:p:381-397
    DOI: 10.1111/j.1477-9552.2010.00245.x
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    References listed on IDEAS

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    1. Delgado, C.L. & Wada, N. & Rosegrant, M.W. & Meijer, S. & Ahmed, M., 2003. "Fish to 2020: supply and demand in changing global markets," Monographs, The WorldFish Center, number 15796, April.
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    7. Maddala, G S, et al, 1997. "Estimation of Short-Run and Long-Run Elasticities of Energy Demand from Panel Data Using Shrinkage Estimators," Journal of Business & Economic Statistics, American Statistical Association, vol. 15(1), pages 90-100, January.
    8. Peeters, Ludo, 1995. "Measuring Biases of Technical Change: The Case of Cereals Displacement in Livestock Ration Formulation in Belgium," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 22(2), pages 137-156.
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    Cited by:

    1. Sigbjorn Tveteras & Carlos Paredes & Julio Peña, 2011. "Individual Fishing Quotas in Peru: Stopping the Race for Anchovies," ILADES-UAH Working Papers inv263, Universidad Alberto Hurtado/School of Economics and Business.
    2. Asche, Frank & Oglend, Atle, 2016. "The relationship between input-factor and output prices in commodity industries: The case of Norwegian salmon aquaculture," Journal of Commodity Markets, Elsevier, vol. 1(1), pages 35-47.

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