Measuring fishery profitability: An index number approach |
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| Institution: | 1. NOAA/NMFS, Northeast Fisheries Science Center, 166 Water Street, Woods Hole, MA 02543, USA;2. Northeast Fisheries Science Center, 166 Water Street, Woods Hole, MA 02543, & Northeastern University, USA;1. Resources for the Future, 1616 P Street NW, Washington DC 20036, USA;2. Environment for Development, 1616 P Street NW, Washington DC 20036, USA;3. Dept. of Environmental Science and Policy, University of California, Davis, One Shields Avenue, Davis, CA 95616, USA;4. Dept. of Economics and Research Center, Universidad del Pacífico, Lima-Perú, 2050 Sanchez Cerro Street, Lima 15072, Peru;5. Independent Consultant, Juan Esplandiu 9 D, Madrid 28007, Spain;1. Marine Research Institute and Department of Biological Sciences, University of Cape Town, Private Bag X3, Rondebosch 7701, Cape Town, South Africa;2. Department of Economics, University of Cape Town, Private Bag X3, Rondebosch 7701, Cape Town, South Africa;1. CSIRO Oceans and Atmosphere, PO Box 2583, Brisbane, QLD 4001, Australia;2. Queensland Department of Agriculture and Fisheries, Ecosciences Precinct, Joe Baker St., Dutton Park, Brisbane, QLD 4102, Australia;3. School of Agriculture and Food Sciences, University of Queensland, St. Lucia, QLD 4072, Australia;1. Faculty of Economics, Nha Trang University, Vietnam;2. Norwegian College of Fishery Science, UiT—The Arctic University of Norway, Norway |
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| Abstract: | Tracking the financial well-being of vessels that depend on a marine fishery resource is an important function of regulators. This research demonstrates how simple indices can be constructed and utilized to track the economic well-being of vessels operating in the Northeast (USA) Multispecies (Groundfish) Fishery. The indices, which use both public and private data, can separately track trends in inputs, outputs, and prices. For the Northeast Multispecies Fishery, the indices reveal that the economic well-being of the groundfish fleet has improved under catch share management through gains in productivity. |
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| Keywords: | Index numbers Productivity Economic health Fisheries |
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