Commercial fisheries &amp; local economies

Watson, Brett; Reimer, Matthew N.; Guettabi, Mouhcine; Haynie, Alan C.

doi:10.1016/j.jeem.2021.102419

Cited by 17 publications

(8 citation statements)

References 52 publications

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“…We recognize that price is not necessarily reflective of income, as fishers and wholesalers could choose to switch to lower cost and lower risk alternatives (Dahl & Ogland, 2014 ). However, price uncertainty and lower overall prices can certainly reflect overall earnings and the state of local economies where fisheries play a major role (Watson et al, 2021 ). We, therefore, used market price data given its utility and availability across markets, and we combined this price data with volume data wherever possible as a first step in understanding the economic impact of the pandemic on fishworkers and consumers.…”

Section: Introductionmentioning

confidence: 99%

Collapse and recovery of seafood wholesale prices in time of COVID‐19

et al. 2022

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The COVID‐19 pandemic has spread around the world, disrupting economies, societies and daily life. Early research anticipated significant negative impacts for the globalized seafood supply network. Here, we explore the impact of the COVID‐19 pandemic on wholesale prices from five major seafood markets around the world. An anomalies analysis was used to establish a 5‐year baseline price for each commodity. Daily price data from 2020 were compared to the baseline to identify collapses (>1.96 SE from baseline) and analyse collapse characteristics (timing, duration and magnitude). Non‐uniform price collapses were observed across, and within, the markets analysed. Toyosu (Tokyo) Market experienced price collapses to 51% of commodities, Rungis (Paris) 36%, Mercamadrid (Madrid) 19%, Mercado La Nueva Viga (Mexico City) 35% and the Portland Fish Exchange (Portland, Maine) 32%. Collapse magnitude varied from 11% to 79% of the 5‐year average price. Average collapse duration ranged from 13 to 24 weeks with some commodities (4%–22%) remaining collapsed at the end of 2020. For markets where volume data were available, collapses were also noted (59% of commodities in Toyosu, 10% in Mercamadrid and 19% in Portland Fish Exchange); in these cases, the volume collapse was more severe than the related price collapse. To better detect, anticipate and respond to future shocks, we recommend that relevant government agencies conduct comprehensive economic reviews of the COVID‐19 pandemic throughout the seafood supply chain, including the outcomes of emergency measures, short‐ and long‐term implications of market volatility and identify areas of supply and labour vulnerabilities.

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Section: Introductionmentioning

confidence: 99%

Collapse and recovery of seafood wholesale prices in time of COVID‐19

et al. 2022

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“…Given this, we take these population estimates to equal or exceeding actual populations. 9 Focus on resident owners is supported by recent research suggesting larger economic impacts of resident fishery income relative to non-residents (Watson et al 2021). 10 For our time period and species of interest, COAR data shows consistently fewer landings than fish tickets, suggesting this dataset is missing some landings.…”

Section: Figures Captionsmentioning

confidence: 66%

“…However, these aggregate gains mask significant community-level effects for small and remote fishing communities. Commercial fisheries are an important source of income for coastal Alaskan cities (Watson et al 2021).…”

Section: Discussionmentioning

confidence: 99%

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The Impact of Property Rights to Fish on Remote Communities in Alaska

Sutherland

Edwards

2021

Land Economics

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“…The lack of processes and governance structures for practical integration of economic and social aspects has contributed to marginalization of these objectives, and in many cases, social and economic aspects are only considered in an informal manner following biological considerations (Nielsen et al, 2018; Pascoe et al, 2017; Stephenson et al, 2017). There are some exceptions, most notably the Commonwealth fisheries in Australia, which are formally managed for long‐term economic returns by harvesting at maximum economic yield (MEY) (Dichmont et al, 2010; Pascoe et al, 2017; Smith et al, 2014; Watson et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Global insights on managing fishery systems for the three pillars of sustainability

et al. 2022

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There is growing recognition that fisheries should be managed for all three pillars of sustainability: economic, social and environmental sustainability. Limited quantitative evidence exists on factors supporting social sustainability, much less factors that contribute to multiple dimensions of sustainability. To develop a broader understanding of the factors that influence the performance of fishery management systems in environmental, economic and social pillars, we examine 11 input factors conjectured to contribute to successful fisheries using a global dataset of 145 fisheries case studies.The analysis indicates that management approaches are cross-cutting and contribute to multiple dimensions of sustainability to varying extents. Importantly, factors exogenous to fisheries management can be as important as fisheries management, suggesting collaboration of fisheries institutions with other public and private institutions is important for sustainable fisheries development.

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Commercial fisheries & local economies

Cited by 17 publications

References 52 publications

Collapse and recovery of seafood wholesale prices in time of COVID‐19

Collapse and recovery of seafood wholesale prices in time of COVID‐19

The Impact of Property Rights to Fish on Remote Communities in Alaska

Global insights on managing fishery systems for the three pillars of sustainability

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