Empirical Applications of International Fisheries

Trond Bjørndal and Gordon R. Munro

in The Economics and Management of World Fisheries

Published in print October 2012 | ISBN: 9780199576753
Published online January 2013 | e-ISBN: 9780191745973 | DOI:
Empirical Applications of International Fisheries

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This chapter provides an overview of world capture fisheries, pointing to the rapid growth of these fisheries from the mid-twentieth century on, followed by a leveling off. While the leveling off is not a cause for concern, the increasing evidence of overexploitation of these resources is. It is claimed that the root causes of the overexploitation lie in economics, as do the solutions. The chapter then goes on to lay the foundation of the chapters to follow, by discussing the legal regime underlying the management of world capture fisheries, and by discussing the capital-theoretic nature of the economic analysis to follow. Taking a capital-theoretic approach to fisheries economics compels us to recognize explicitly the biological foundations of all economic models of the fishery. The concept bioeconomics is introduced and explored.

Keywords: capture fisheries; overexploitation; UN Convention on the Law of the Sea; capital theoretic; bioeconomics

Chapter.  10429 words.  Illustrated.

Subjects: Economic Development and Growth

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