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Size and Resilience of the Blue Economy in Pacific Island Economies

Author

Listed:
  • Mr. Fabien Gonguet
  • Junting Zhou

Abstract

Economic output and livelihoods in Pacific Island economies (PIEs) rely greatly on ocean-related sectors and products, known as the ”Blue Economy”. Yet, marine ecosystems are under mounting pressure of climate change and human degradation, exposing PIEs to very large risks, while they have only limited technical and financial capacity to mitigate them. This paper aims: first to estimate the size of the Blue Economy in PIEs, based on comprehensive international input-output tables; and second to simulate the impact of selected shocks in PIEs, so as to provide insights on the resilience of the Blue Economy to shocks, including from climate change.

Suggested Citation

  • Mr. Fabien Gonguet & Junting Zhou, 2024. "Size and Resilience of the Blue Economy in Pacific Island Economies," IMF Working Papers 2024/255, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2024/255
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