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The influence of fiscal regulations on investment in marine fisheries: A French case study

Author

Listed:
  • Pascal Le Floc'H

    (AMURE - Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UBO - Université de Brest - IUEM - Institut Universitaire Européen de la Mer - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - UBO - Université de Brest - CNRS - Centre National de la Recherche Scientifique - CNRS - Centre National de la Recherche Scientifique)

  • Fabienne Daures

    (AMURE - Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UBO - Université de Brest - IUEM - Institut Universitaire Européen de la Mer - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - UBO - Université de Brest - CNRS - Centre National de la Recherche Scientifique - CNRS - Centre National de la Recherche Scientifique, EM - Unité d'Economie Maritime - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer)

  • Myriam Nourry

    (AMURE - Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UBO - Université de Brest - IUEM - Institut Universitaire Européen de la Mer - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - UBO - Université de Brest - CNRS - Centre National de la Recherche Scientifique - CNRS - Centre National de la Recherche Scientifique)

  • Olivier Thébaud

    (AMURE - Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UBO - Université de Brest - IUEM - Institut Universitaire Européen de la Mer - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - UBO - Université de Brest - CNRS - Centre National de la Recherche Scientifique - CNRS - Centre National de la Recherche Scientifique, EM - Unité d'Economie Maritime - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer, CSIRO - Commonwealth Scientific and Industrial Research Organisation [Canberra])

  • Muriel Travers

    (GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - AGROCAMPUS OUEST - Institut National de l'Horticulture et du Paysage)

  • Sylvie van Iseghem

    (AMURE - Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UBO - Université de Brest - IUEM - Institut Universitaire Européen de la Mer - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - UBO - Université de Brest - CNRS - Centre National de la Recherche Scientifique - CNRS - Centre National de la Recherche Scientifique, EM - Unité d'Economie Maritime - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer)

Abstract

Analysing investment drivers in fisheries is essential in understanding the long-term development of fishing capacity. This paper addresses the drivers of investment in the French commercial fishing fleets operating along the Atlantic coast, and the role of public policies have had on investment. First, we examine the changes in the capital value of the fleet, which was strongly impacted by decommissioning schemes during the nineties. We then examine drivers of investment using an unbalanced panel data set describing the investment decisions of a sample of firms over the period 1994-2004. In addition to economic variables, the estimated models account for other factors that may have an impact on investment behaviour, including the different career phases of the skipper-owners. The study concludes with a discussion of the results, and in particular of the role of fiscal policy on observed investment strategies.

Suggested Citation

  • Pascal Le Floc'H & Fabienne Daures & Myriam Nourry & Olivier Thébaud & Muriel Travers & Sylvie van Iseghem, 2011. "The influence of fiscal regulations on investment in marine fisheries: A French case study," Post-Print hal-00630961, HAL.
    • Handle: RePEc:hal:journl:hal-00630961
    DOI: 10.1016/j.fishres.2011.02.012
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    Citations

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    Cited by:

    1. Verena M Trenkel & Fabienne Daurès & Marie-Joëlle Rochet & Pascal Lorance, 2013. "Interannual Variability of Fisheries Economic Returns and Energy Ratios Is Mostly Explained by Gear Type," PLOS ONE, Public Library of Science, vol. 8(7), pages 1-9, July.
    2. Emmanuelle Quillérou & Nolwenn Roudaut & Olivier Guyader, 2013. "Managing fleet capacity effectively under second-hand market redistribution," Post-Print hal-00835574, HAL.

    More about this item

    Keywords

    Fishery; Capital; Fiscal regime;
    All these keywords.

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