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Economic Policy, Institutions And Fisheries Development In The Pacific

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  • Petersen, Elizabeth H.

Abstract

The South Pacific is home to the world's largest and most valuable tuna fishery. Despite this, the Pacific island countries have found it tremendously difficult to capture significant economic rents from the resource. It is argued in this paper that poor economic policy partly explains this. However, poor policies are preventing the implementation of strong, cost-effective institutions for the governance of the fishery which, coupled with strong institutions for broad social and economic governance, are required for development of the industry. Opportunities for policy reform that is likely to lead to significant gains from the fishery are highlighted.

Suggested Citation

  • Petersen, Elizabeth H., 2002. "Economic Policy, Institutions And Fisheries Development In The Pacific," 2002 Annual meeting, July 28-31, Long Beach, CA 19606, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19606
    DOI: 10.22004/ag.econ.19606
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    References listed on IDEAS

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    1. Rachel A. Schurman, 1998. "Tuna Dreams: Resource Nationalism and the Pacific Islands' Tuna Industry," Development and Change, International Institute of Social Studies, vol. 29(1), pages 107-136, January.
    2. Mancur Olson, 1996. "Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 3-24, Spring.
    3. R. Quentin Grafton & Leif K. Sandal & Stein Ivar Steinshamn, 2000. "How to Improve the Management of Renewable Resources: The Case of Canada's Northern Cod Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 570-580.
    4. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    5. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    6. Douglass C. North, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter.
    7. Matthews, R C O, 1986. "The Economics of Institutions and the," Economic Journal, Royal Economic Society, vol. 96(384), pages 903-918, December.
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    Cited by:

    1. Nichols, Rachel & Yamazaki, Satoshi & Jennings, Sarah & Watson, Reg A., 2015. "Fishing access agreements and harvesting decisions of host and distant water fishing nations," Marine Policy, Elsevier, vol. 54(C), pages 77-85.
    2. Andy Thorpe & Chris Reid & Raymon Van Anrooy & Cecile Brugere, 2005. "Integrating fisheries into the national development plans of Small Island Developing States (SIDS): Ten years on from Barbados," Natural Resources Forum, Blackwell Publishing, vol. 29(1), pages 51-69, February.
    3. McGaw, Richard, 2003. "Aboriginal fisheries policy in Atlantic Canada," Marine Policy, Elsevier, vol. 27(5), pages 417-424, September.

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