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Estimating the Impact of Whaling on Global Whale Watching

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  • Hsiao-I Kuo

    (Department of Senior Citizen Service Management Chaoyang University of Technology Taichung, Taiwan)

  • Chi-Chung Chen

    (Department of Applied Economics, National Chung Hsing University, Taichung, Taiwan)

  • Michael McAleer

    (Econometrisch Instituut (Econometric Institute), Faculteit der Economische Wetenschappen (Erasmus School of Economics), Erasmus Universiteit, Tinbergen Instituut (Tinbergen Institute).)

Abstract

After the commercial whaling moratorium was enacted in 1986, whale watching became one of the fastest growing tourism industries worldwide. As whaling was regarded as an activity that is incompatible with whale watching, the possible resumption of commercial whaling caused an urgent need to investigate the potential negative effects of whaling on the whale-watching industry. We examine the potential impacts of whaling on the global whale-watching tourism industry using an unbalanced panel data model. The empirical results indicate that the resumption of commercial whaling has the potential for a negative effect on the global whale-watching industry, especially for nations that are engaged in commercial whaling.

Suggested Citation

  • Hsiao-I Kuo & Chi-Chung Chen & Michael McAleer, 2011. "Estimating the Impact of Whaling on Global Whale Watching," Documentos de Trabajo del ICAE 2011-23, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    • Handle: RePEc:ucm:doicae:1123
    Note: The authors wish to acknowledge the helpful comments and suggestions of three reviewers. The third author acknowledges the financial support of the Australian Research Council, National Science Council, Taiwan, and the Japan Society for the Promotion of Science.
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    References listed on IDEAS

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    1. Cisneros-Montemayor, A.M. & Sumaila, U.R. & Kaschner, K. & Pauly, D., 2010. "The global potential for whale watching," Marine Policy, Elsevier, vol. 34(6), pages 1273-1278, November.
    2. Conrad, Jon M, 1989. "Bioeconomics and the Bowhead Whale," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 974-987, August.
    3. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315.
    4. Richard Horan & James Shortle, 1999. "Optimal Management of Multiple Renewable Resource Stocks: An Application to Minke Whales," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(4), pages 435-458, June.
    5. Herrera, Guillermo E. & Hoagland, Porter, 2006. "Commercial whaling, tourism, and boycotts: An economic perspective," Marine Policy, Elsevier, vol. 30(3), pages 261-269, May.
    6. World Bank, 2004. "World Development Indicators 2004," World Bank Publications - Books, The World Bank Group, number 13890.
    7. Bjørndal, Trond & Conrad, Jon M, 1998. "A report on the Norwegian minke whale hunt," Marine Policy, Elsevier, vol. 22(2), pages 161-174, March.
    8. Schiff, Aaron & Becken, Susanne, 2011. "Demand elasticity estimates for New Zealand tourism," Tourism Management, Elsevier, vol. 32(3), pages 564-575.
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    Cited by:

    1. Paul, Prosenjit & Kar, T.K. & Ghorai, Abhijit, 2016. "Ecotourism and fishing in a common ground of two interacting species," Ecological Modelling, Elsevier, vol. 328(C), pages 1-13.

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    More about this item

    Keywords

    Global whale watching; Commercial whaling; Delay-difference equation; Unbalanced panel data.;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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