PT  - JOURNAL ARTICLE
AU  - Sakai, Yutaro
TI  - Subsidies, Fisheries Management, and Stock Depletion
AID  - 10.3368/le.93.1.165
DP  - 2017 Feb 01
TA  - Land Economics
PG  - 165--178
VI  - 93
IP  - 1
4099  - http://le.uwpress.org/content/93/1/165.short
4100  - http://le.uwpress.org/content/93/1/165.full
SO  - Land Econ2017 Feb 01; 93
AB  - This paper investigates the impact of fishery subsidies on resource stocks in 23 OECD countries during 1996–2011. Results show that the effect of subsidies depends on the type of subsidy and the management regime. Within this sample, cost-reducing subsidies have no effect on stocks if management is individual quota based but have negative effects if management uses traditional input/output restrictions. Subsidies for improving fishery management and infrastructure produce beneficial effects on stocks under traditional management, but no effect with individual quota–based management. These results suggest global efforts to reform fishery subsidies should be carried out in a highly selective manner. (JEL Q22, Q28)