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An empirical analysis of the economic value of ocean space associated with commercial fishing

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  • Jin, Di
  • Hoagland, Porter
  • Wikgren, Brooke

Abstract

Understanding the economic value of ocean space is critical for implementing marine spatial planning (MSP). Empirical data from 1999 to 2008 are compiled on the economic values arising from commercial fishing in the Gulf of Maine and adjacent areas. The data are analyzed to characterize factors affecting the spatial and temporal distribution of measures of economic productivity and fishing effort. The analysis consisted of four components: (1) estimation of net revenue at the 10-min square level by season and gear; (2) assessment of variability for catch revenue and catch per unit effort; (3) mapping net revenue and variability in the study area; and (4) estimation of interactions among catch, effort, season, and gear type. The results indicated that, at each location, average fishing efforts exhibited a positive response to increases in expected revenues and a negative response to variability in revenues. Most of the variability in catch revenue can be explained by changes in fishing effort, implying that the spatial patterns of fishery resources are relatively stable at the 10-min square level. An important conclusion is that a spatial scale of at least the 10-min square is appropriate for undertaking MSP involving allocations of commercial fisheries.

Suggested Citation

  • Jin, Di & Hoagland, Porter & Wikgren, Brooke, 2013. "An empirical analysis of the economic value of ocean space associated with commercial fishing," Marine Policy, Elsevier, vol. 42(C), pages 74-84.
    • Handle: RePEc:eee:marpol:v:42:y:2013:i:c:p:74-84
    DOI: 10.1016/j.marpol.2013.01.014
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    Cited by:

    1. Blau, Jason & Green, Lee, 2015. "Assessing the impact of a new approach to ocean management: Evidence to date from five ocean plans," Marine Policy, Elsevier, vol. 56(C), pages 1-8.
    2. Morrissey, Karyn, 2014. "Using secondary data to examine economic trends in a subset of sectors in the English marine economy: 2003–2011," Marine Policy, Elsevier, vol. 50(PA), pages 135-141.
    3. Hoagland, P. & Dalton, T.M. & Jin, D. & Dwyer, J.B., 2015. "An approach for analyzing the spatial welfare and distributional effects of ocean wind power siting: The Rhode Island/Massachusetts area of mutual interest," Marine Policy, Elsevier, vol. 58(C), pages 51-59.

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