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A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies

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A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies

Da Rocha Álvarez, José María; Prellezo, Raúl; Sempere, Jaume; Taboada Antelo, Luis
 
DATE : 2017-07
UNIVERSAL IDENTIFIER : http://hdl.handle.net/11093/1190
UNESCO SUBJECT : 5312.01 Agricultura, Silvicultura, Pesca
DOCUMENT TYPE : article

ABSTRACT :

The paper develops and analyses a dynamic general equilibrium model with heterogeneous agents that can be used for assessment of the economic consequences of sh stock-rebuilding policies within the EU. In the model, entry and exit processes for individual rms are endogenous, as well as output, employment and wages. This model is applied to a shery of the Mediterranean Sea. The results provide both individual and aggregate data that can help managers in understanding the economic consequences of rebuilding strategies. In particular, this study shows that, for the application presented, all aggregate results improve if the stock rebuilding strategy is followed, while individual results depend on the indicator selected.

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