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The Impact of Fisheries on the Economy: A Systematic Review on the Application of General Equilibrium and Input–Output Methods

Author

Listed:
  • Negar Akbari

    (School of Organisations, Systems and People, Faculty of Business and Law, University of Portsmouth, Portsmouth PO1 3DE, UK)

  • Pierre Failler

    (UNESCO Chair in Ocean Governance, Centre for Blue Governance, University of Portsmouth, Portsmouth PO1 3DE, UK)

  • Haoran Pan

    (School of Economics and Resource Management, Beijing Normal University, Beijing 100875, China
    Center for Innovation and Development Studies, Beijing Normal University, Zhuhai 519087, China)

  • Benjamin Drakeford

    (Centre for Blue Governance, Faculty of Business and Law, University of Portsmouth, Portsmouth PO1 3DE, UK)

  • Andy Forse

    (Centre for Blue Governance, Faculty of Business and Law, University of Portsmouth, Portsmouth PO1 3DE, UK)

Abstract

In this paper, a systematic literature review on the impact of fisheries on the economy and the application of the computable general equilibrium (CGE) and input–output (IO) methods for assessing this impact is conducted. The importance of fisheries as a food source, the over exploitation of this resource, and, consequently, the impact of fisheries on the economy are the motivations behind this study. By reviewing the applications of two of the most common economic modelling tools, we aim to shine light on the state of the art and how the impact of fisheries on the economy has been addressed in the literature. In this analysis, three main themes of socio-economic, ecological, and environmental have been identified, and the application of these methods in each theme has been considered. The results show that while IO methods continue to be applied in the literature, the CGE method has experienced increased application recently, and future applications are anticipated due to its enhanced capabilities in comparison with IO models.

Suggested Citation

  • Negar Akbari & Pierre Failler & Haoran Pan & Benjamin Drakeford & Andy Forse, 2023. "The Impact of Fisheries on the Economy: A Systematic Review on the Application of General Equilibrium and Input–Output Methods," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:7:p:6089-:d:1113209
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    References listed on IDEAS

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