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Measurement and Evaluation of Convergence of Japan’s Marine Fisheries and Marine Tourism

Author

Listed:
  • Wei Yao

    (Graduate School of Marine Science and Technology, Tokyo University of Marine Science and Technology, Tokyo 108-8477, Japan)

  • Weikun Zhang

    (Mangrove Institute, Lingnan Normal University, Zhanjiang 524088, China)

  • Wenxiu Li

    (School of Economics & Trade, Guangdong University of Finance, Guangzhou 510520, China)

  • Penglong Li

    (Department of Global Agriculture Science, The University of Tokyo, Tokyo 113-8657, Japan)

Abstract

This study attempts to examine the convergence development of the marine fishery (MF) and marine tourism (MT) industries of Japan through the theory of industrial relevance. First, the current MF and MT situation in Japan is introduced to analyze the mechanism of the integration of the two industries. Second, a Vector Autoregression Model (VAR) is built to examine the relationship between MF and MT. In addition, the shock potential contributions of the MF and MT industries are identified using impulse response and variance decomposition. Results show that the impact of MF on MT is more significant than that of MT on MF. However, the interaction between MF and MT tends to stabilize in the long run. Third, the industrial integration case of Japan’s Himakajima Island is selected to analyze the MF and MT integration mechanism. The integration of MF and MT can reduce transaction costs, make full use of labor, and promote the development of the local economy. Therefore, attention should be paid to the integration of the MF and MT industries, rather than partial implementation, to balance the development of the marine economy. Finally, relevant suggestions and measures are presented for marine industry transformation and upgrading, industrial integration, and green ecological development.

Suggested Citation

  • Wei Yao & Weikun Zhang & Wenxiu Li & Penglong Li, 2022. "Measurement and Evaluation of Convergence of Japan’s Marine Fisheries and Marine Tourism," Sustainability, MDPI, vol. 14(15), pages 1-16, July.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:15:p:9108-:d:871087
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    References listed on IDEAS

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