IFQs and total factor productivity changes: The case of the Gulf of Mexico red snapper fishery

Details

• Journal Title:
  Marine Policy
• Personal Author:
  Solís, Daniel ; Agar, Juan J. ; del Corral, Julio
• NOAA Program & Office:
  NOAA General Documents
• Description:
  This study investigates changes in the total factor productivity (TFP) and identifies the main sources of TFP growth following the adoption of an individual fishing quota (IFQ) program in the Gulf of Mexico red snapper commercial fishery. Utilizing an unbalanced panel of 722 vertical line vessels Malmquist indices were derived from an output-oriented stochastic distance frontier. The analysis shows that the IFQ program had a positive impact on the productivity of the fleet and that most of the productivity gains were due to improvements in technical efficiency. The study also finds that changes in technical efficiency were time variant suggesting that the exit of the less efficient vessels and easing of command and control regulations such as trip limits and short fishing seasons were responsible for most of these gains. Changes in the exploitable biomass of red snapper were found to have a moderate impact on productivity growth whereas the impact of technological progress was minimal.
• Keywords:
  • Law
  • Management, Monitoring, Policy and Law
  • Economics and Econometrics
  • General Environmental Science
  • Aquatic Science
• Source:
  Marine Policy, 62, 347-357
• DOI:
  https://doi.org/10.1016/j.marpol.2015.06.001
• ISSN:
  0308-597X
• Format:
  PDF
• Publisher:
  Elsevier BV
• Document Type:
  Journal Article
• License:
  https://creativecommons.org/licenses/by-nc-nd/4.0/
• Rights Information:
  CC BY-NC-ND
• Compliance:
  Library
• Download URL:
  https://repository.library.noaa.gov/view/noaa/59471/noaa_59471_DS1.pdf
• File Type:
  [PDF - 810.45 KB]
• Collection(s):
  NOAA General Documents
• Main Document Checksum:
  urn:sha256:0f371192a8554a0d3df33f7ba32687705989fef3b3fd27d671e968e3efb2f2fb