Across publicly owned natural resources, the practice of recovering financial compensation, commonly known as resource rent, from extractive industries influences wealth distribution and general welfare of society. Catch shares are the primary approach adopted to diminish the economically wasteful race to fish by allocating shares of fish quotas—public assets—to selected fishing firms. It is perceived that resource rent is concentrated within catch share fisheries, but there has been no systematic comparison of rent-charging practices with other extractive industries. Here, we estimate the global prevalence of catch share fisheries and compare rent recovery mechanisms (RRM) in the fishing industry with other extractive industries. We show that while catch share fisheries harvest 17.4 million tons (19% of global fisheries landings), with a value of 17.7 billion USD (17% of global fisheries landed value), rent charges occurred in only 5 of 18 countries with shares of fish quotas primarily allocated free of charge. When compared with other extractive industries, fishing is the only industry that consistently lacks RRM. While recovering resource rent for harvesting well-governed fishery resources represents a source of revenue to coastal states, which could be sustained indefinitely, overcharging the industry might impact fish supply. Different RRM occurred in extractive industries, though generally, rent-based charges can help avoid affecting deployment of capital and labor to harvest fish since they depend on the profitability of the operations. Our study could be a starting point for coastal states to consider adapting policies to the enhanced economic condition of the fishing industry under catch shares.
La caracterización de las prioridades presupuestarias en la pesca y acuicultura son importantes para optimizar la asignación y ejecución de sus recursos presupuestarios en Perú en beneficio de sus actores. Con base en la metodología del Estimado del Apoyo a la Pesca (FSE, por sus siglas en inglés), este documento caracteriza las prioridades de inversión y gasto público y analiza su consistencia con los instrumentos de gestión en el sector. Se identificó que el valor del apoyo a este sector se incrementó de PEN 235,2 millones en 2016 a PEN 376,4 millones en 2020. Además, a pesar de la volatilidad en la inversión pública, se destacó los esfuerzos orientados a investigación y desarrollo, ordenamiento pesquero e infraestructura. No obstante, todavía persisten varios problemas en el sector, a pesar de que el apoyo de Perú en relación con su PBI no es bajo en comparación a otros países que son potencias pesqueras. Ante estos hallazgos, parece ser que hay un problema respecto al uso poco eficiente de los recursos presupuestarios.
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