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A bottom-up re-estimation of global fisheries subsidies

Citation

Sumaila, UR and Khan, AS and Dyck, AJ and Watson, RA and Munro, G and Tydemers, P and Pauly, D, A bottom-up re-estimation of global fisheries subsidies, Journal of Bioeconomics, 12, (3) pp. 201-225. ISSN 1387-6996 (2010) [Refereed Article]

DOI: doi:10.1007/s10818-010-9091-8

Abstract

Using a recently developed database of fisheries subsidies for 148 maritime countries spanning 1989 to the present, total fisheries subsidies for the year 2003 is computed. A key feature of our estimation approach is that it explicitly deals with missing data from official sources, and includes estimates of subsidies to developing country fisheries. Our analysis suggests that global fisheries subsidies for 2003 are between US$ 25 and 29 billion, which is higher than an earlier World Bank estimate of between US$ 14-20 billion. This new estimate is lower than our 2000 global subsidies estimate of US$ 30-34 billion. We find that fuel subsidies compose about 15-30% of total global fishing subsidies, and that capacity enhancing subsidies sum to US$ 16 billion or about 60% of the total. These results imply that the global community is paying the fishing industry billions each year to continue fishing even when it would not be profitable otherwise-effectively funding the over-exploitation of marine resources. © 2010 Springer Science+Business Media, LLC.

Item Details

Item Type:Refereed Article
Keywords:Fuel subsidies; Overcapacity; Overfishing; World Trade Organization; bottom-up approach; developing world; estimation method; exploitation; fishery economics; fishery management; fishing industry; overfishing; subsidy system; World Bank
Research Division:Agricultural and Veterinary Sciences
Research Group:Fisheries Sciences
Research Field:Aquatic Ecosystem Studies and Stock Assessment
Objective Division:Animal Production and Animal Primary Products
Objective Group:Fisheries - Wild Caught
Objective Field:Wild Caught Fin Fish (excl. Tuna)
Author:Watson, RA (Professor Reginald Watson)
ID Code:83726
Year Published:2010
Deposited By:Sustainable Marine Research Collaboration
Deposited On:2013-03-21
Last Modified:2013-03-21
Downloads:0

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