A global synthesis of the economic multiplier effects of marine sectors

Jacobsen, Kelsey I.; Lester, Sarah E.; Halpern, Benjamin S.

doi:10.1016/j.marpol.2013.09.019

Cited by 24 publications

(15 citation statements)

References 24 publications

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“…A single multiplier can be used for the entire fishing industry or separate multipliers can be used for the commercial fishing/harvesting and processing/cleaning sectors. In this case, an income multiplier of 1.23 (Table 113) for commercial marine capture is used for the net income from commercial fishing (Jacobsen, 2014).…”

Section: Fisheriesmentioning

confidence: 99%

Economic Valuation of the Ecosystem Services of the Mesoamerican Reef, and the Allocation and Distribution of these Values

Gauna¹,

Markandya²,

Onofri³

et al. 2021

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Coral reefs are one of the most diverse and valuable ecosystems on Earth. The Mesoamerican Reef contains the largest barrier reef in the Western Hemisphere. However, its health is threatened, so there is a need for a management and sustainable conservation. Key to this is knowing the economic value of the ecosystem. “Mainstreaming the value of natural capital into policy decision-making is vital” The value of environmental and natural resources reflects what society is willing to pay for a good or service or to conserve natural resources. Conventional economic approaches tended to view value only in terms of the willingness to pay for raw materials and physical products generated for human production and consumption (e.g. fish, mining materials, pharmaceutical products, etc.). As recognition of the potential negative impacts of human activity on the environment became more widespread, economists began to understand that people might also be willing to pay for other reasons beyond the own current use of the service (e.g. to protect coral reefs from degradation or to know that coral reefs will remain intact in the future). As a result of this debate, Total Economic Value (TEV) became the most widely used and commonly accepted framework for classifying economic benefits of ecosystems and for trying to integrate them into decision-making. This report estimates the economic value of the following goods and services provided by the MAR's coral reefs: Tourism & Recreation, Fisheries, Shoreline protection. To our knowledge, the inclusion of non-use values in the economic valuation of the Mesoamerican Barrier Reef System is novel, which makes the study more comprehensive.

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Section: Fisheriesmentioning

confidence: 99%

Economic Valuation of the Ecosystem Services of the Mesoamerican Reef, and the Allocation and Distribution of these Values

Gauna¹,

Markandya²,

Onofri³

et al. 2021

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“…Aquaculture can provide positive economic effects for a region due to the sector’s core activities (a direct economic effect), activities in upstream and downstream industries ( indirect effect – also termed type I multiplier effect) and through the additional multiplier effect from spending of increased income for households and taxes for the public ( induced effect – type II multiplier effect) (Jacobsen et al . 2014).…”

Section: Understanding Economic Effects Of Aquaculturementioning

confidence: 99%

“…The indirect and induced economic effects can be assessed using input–output techniques, which also enable the estimation of economic multipliers (Jacobsen et al . 2014). These multipliers indicate how activity in the core industry affects other parts of the economy through financial transactions in and from the core industry value chain.…”

Section: Understanding Economic Effects Of Aquaculturementioning

confidence: 99%

Availability and usefulness of economic data on the effects of aquaculture: a North Atlantic comparative assessment

Mikkelsen

Fanning

Kreiss

et al. 2020

Reviews in Aquaculture

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This paper focuses on the availability of economic indicators and metrics to assess effects of marine aquaculture production in the North Atlantic area (the EU, Norway, Canada and USA), including also social and environmental effects. We consider how aquaculture planning and management is organised in the different countries and the usefulness of economic information to address different aquaculture-related policies. We find that the most relevant economic data for aquaculture management should be at the local and regional levels rather than nationally. The availability of such economic data is mapped for national, regional and local level. The focus is on data that are publicly available from authorities or research institutions. The availability of data is generally fairly good for national and regional data on the direct economic effects of aquaculture. Data on how aquaculture-related products or input markets are affected are however poorly available, as are economic data on external effects from aquaculture. Countries with a larger aquaculture sector tend to have better availability of aquaculture-related economic data than those with a smaller sector. An index is developed and calculated to show more specifically where the countries have relatively good or poor data availability compared to their needs. While it will not always be cost-effective or meaningful to collect economic data on the effects of aquaculture, our study indicates that several countries could benefit from expanding such data collection. It can make trade-off decisions more consistent and easier to perform, and aquaculture policies and measures can be better tailored to specific contexts.

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“…Surprisingly, given the current economic crisis affecting most European countries, employment and income-related variables are chiefly moderately rated, with most of them classified as 'priority 2 0 variables. Other studies have also noted that these variables tend to be neglected or downplayed in marine spatial planning and management studies to date (Jacobsen et al, 2014;Rees et al, 2013a).…”

Section: 5mentioning

confidence: 99%

Assessing the socioeconomic effects of multiple-use MPAs in a European setting: A national stakeholders’ perspective

Rodríguez‐Rodríguez¹,

Rees²,

Rodwell³

et al. 2015

Environmental Science & Policy

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A global synthesis of the economic multiplier effects of marine sectors

Cited by 24 publications

References 24 publications

Economic Valuation of the Ecosystem Services of the Mesoamerican Reef, and the Allocation and Distribution of these Values

Economic Valuation of the Ecosystem Services of the Mesoamerican Reef, and the Allocation and Distribution of these Values

Availability and usefulness of economic data on the effects of aquaculture: a North Atlantic comparative assessment

Assessing the socioeconomic effects of multiple-use MPAs in a European setting: A national stakeholders’ perspective

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