RT Journal Article
SR Electronic
T1 Subsidies, Fisheries Management, and Stock Depletion
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 165
OP 178
DO 10.3368/le.93.1.165
VO 93
IS 1
A1 Yutaro Sakai
YR 2017
UL http://le.uwpress.org/content/93/1/165.abstract
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)