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The many sizes and characters of the Blue Economy

Author

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  • Graziano, Marcello
  • Alexander, Karen A.
  • McGrane, Scott J.
  • Allan, Grant J.
  • Lema, Evangelia

Abstract

This article analyses the economic size and resilience of five established definitions of the Blue Economy across two geographical locations: Scotland (UK) and Michigan (USA). The article analyses sector-level employment, labor productivity and Gross Value Added (GVA) data, and uses graphical representations to highlight the differences in conceptualizing the Blue Economy in ways that affect its weight and contribution to regional economies. Further, it analyses how each definition has fared in the post-2007/2011 crisis, assessing their resilience. This novel work tackles the emerging discourse around the Blue Economy by highlighting its regional character, and by problematizing the divergent definitions of the concept.

Suggested Citation

  • Graziano, Marcello & Alexander, Karen A. & McGrane, Scott J. & Allan, Grant J. & Lema, Evangelia, 2022. "The many sizes and characters of the Blue Economy," Ecological Economics, Elsevier, vol. 196(C).
    • Handle: RePEc:eee:ecolec:v:196:y:2022:i:c:s0921800922000817
    DOI: 10.1016/j.ecolecon.2022.107419
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    1. Gallaher, Adam & Graziano, Marcello & Axon, Stephen & Bertana, Amanda, 2023. "Breaking wind: A comparison between U.S. and European approaches in offshore wind energy leadership in the North Atlantic region," Renewable and Sustainable Energy Reviews, Elsevier, vol. 187(C).
    2. Haddad, Eduardo A. & Araujo, Inacio F., 2024. "Shades of Blue: The Geography of the Ocean Economy in Brazil," TD NEREUS 3-2024, Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS).
    3. Zhu, Bo & Liang, Chao & Mirza, Nawazish & Umar, Muhammad, 2023. "What drives gearing in early-stage firms? Evidence from blue economy startups," Journal of Business Research, Elsevier, vol. 161(C).
    4. Santos, Felipe dos & Bícego, Samuel & Rocha, Ademir & Haddad, Eduardo, 2024. "Multidimensional Analysis of the Sea Economy: A Case Study for the Madeira Island, Portugal," TD NEREUS 8-2024, Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS).
    5. Roson, Igor Oliveira Santos & Geraldo, Lucas & Rocha, Ademir Antônio Moreira & Haddad, Eduardo A., 2024. "Azores Blue Economy: Measuring the Importance of Azorean Maritime-Related Activities for Portugal’s Economy Using the Partial Hypothetical Extraction Method," TD NEREUS 9-2024, Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS).
    6. Shan, Shan & Mirza, Nawazish & Umar, Muhammad & Hasnaoui, Amir, 2023. "The nexus of sustainable development, blue financing, digitalization, and financial intermediation," Technological Forecasting and Social Change, Elsevier, vol. 195(C).

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