Impact of a simultaneous reduction in fishing subsidies and introduction of efficient management of rents: the case of the Northwest Spanish fleet
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Impact of a simultaneous reduction in fishing subsidies and introduction of efficient management of rents : the case of the Northwest Spanish fleet. / Merayo Garcia, Eugenia; Waldo, Staffan; Nielsen, Max.
In: Aquatic Living Resources, Vol. 31, 1, 2018.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Impact of a simultaneous reduction in fishing subsidies and introduction of efficient management of rents
T2 - the case of the Northwest Spanish fleet
AU - Merayo Garcia, Eugenia
AU - Waldo, Staffan
AU - Nielsen, Max
PY - 2018
Y1 - 2018
N2 - Subsidies to the fishing sector have long been criticized for fueling over-fishing, and a reduction in subsidies is currently on the agenda in the negotiations within the World Trade Organization (WTO). This article analyzes the role of subsidies and other management measures for Spain, one of the largest fishing nations within the EU. A static bio-economic model is used to analyze the effect of simultaneous elimination of subsidies and introduction of an economically efficient management system for the Northwest Spanish fleet. It is concluded that improvements in management would bring substantial rents to the industry, up to €164 million, irrespective of subsidy level, but also a reduction in fishing effort of almost 60%. Under a management scheme that maximizes economic rents, elimination of subsidies in the fishery would increase social welfare, induced by a decrease in the equilibrium fishing effort level. However, the impact of subsidies under this scheme is limited.
AB - Subsidies to the fishing sector have long been criticized for fueling over-fishing, and a reduction in subsidies is currently on the agenda in the negotiations within the World Trade Organization (WTO). This article analyzes the role of subsidies and other management measures for Spain, one of the largest fishing nations within the EU. A static bio-economic model is used to analyze the effect of simultaneous elimination of subsidies and introduction of an economically efficient management system for the Northwest Spanish fleet. It is concluded that improvements in management would bring substantial rents to the industry, up to €164 million, irrespective of subsidy level, but also a reduction in fishing effort of almost 60%. Under a management scheme that maximizes economic rents, elimination of subsidies in the fishery would increase social welfare, induced by a decrease in the equilibrium fishing effort level. However, the impact of subsidies under this scheme is limited.
KW - Bio-economic model
KW - Fisheries management
KW - Fisheries subsidies
U2 - 10.1051/alr/2017041
DO - 10.1051/alr/2017041
M3 - Journal article
AN - SCOPUS:85035044197
VL - 31
JO - Aquatic Living Resources
JF - Aquatic Living Resources
SN - 0990-7440
M1 - 1
ER -
ID: 188234235