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Title: A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies
Authors: Da-Rocha, Jose-Maria; Prellezo, Raul; Sempere, Jaume; Taboada Antelo, Luis
Citation: MARINE POLICY, 2017, 81, 185-195
Abstract: The paper develops and analyses a dynamic general equilibrium model with heterogeneous agents that can be used for assessment of the economic consequences of fish stock-rebuilding policies within the EU. In the model, entry and exit processes for individual plants (vessels) are endogenous, as well as output, employment and wages. This model is applied to a fishery of the Mediterranean Sea. The results provide both individual and aggregate data that can help managers in understanding the economic consequences of rebuilding strategies. In particular, this study shows that, for the application presented, all aggregate results improve if the stock rebuilding strategy is followed, while individual results depend on the indicator selected.
Keywords: Vessel dynamics; General equilibrium model; Multiannual management plans; MEDITERRANEAN FISHERIES; BIOECONOMIC MODEL; HAKE; INVESTMENT; ENTRY; EXIT
Issue Date: 2017
Type: Article
Language: English
DOI: 10.1016/j.marpol.2017.03.029
ISSN: 0308-597X
E-ISSN: 1872-9460
Funder: European Commission Horizon Research and Innovation Programme [634495]
Spanish Ministry of Economy and Competitiveness [ECO2016-78819-R]
Xunta de Galicia [GRC 2015/014]
Basque Government project MULTIPLAN of the Department of Economic Development and Infrastructures of the Basque Government
Ramon y Cajal Programme of the Spanish Government
Xunta de Galicia (ECOBAS)
Appears in Publication types:Artículos científicos

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