Does Self Management in Fisheries Enhance Profitability? Examination of Korea's Coastal Fisheries

Citation data:

Marine Resource Economics, ISSN: 0738-1360, Vol: 25, Issue: 1, Page: 37-59

Publication Year:
2010
Usage 693
Abstract Views 361
Downloads 247
Full Text Views 70
Link-outs 15
Captures 37
Exports-Saves 22
Readers 15
Citations 10
Citation Indexes 10
Repository URL:
http://digitalcommons.uri.edu/enre_facpubs/4; http://digitalcommons.uri.edu/cgi/viewcontent.cgi?article=1003&context=enre_facpubs
DOI:
10.5950/0738-1360-25.1.37
Author(s):
HIROTSUGU UCHIDA; EMI UCHIDA; JUNG-SAM LEE; JEONG-GON RYU; DAE-YOUNG KIM
Publisher(s):
University of Chicago Press; DigitalCommons@URI
Subject:
Environmental Sciences; Biological Sciences
Tags:
Earth and Planetary Sciences; Social Sciences; Economics, Econometrics and Finance; Environmental Science; Self management; club goods; matching methods; coastal fishery; South Korea; Self management; club goods; matching methods; coastal fishery; South Korea; International and Area Studies; Natural Resources Management and Policy
article description
Self management of natural resources has started to gain increasing at- tention as an alternative tool to command-and-control and market-based tools, but the fundamental question remains: is self management economically beneficial such that it should be promoted in the first place? This article uses a unique set of survey data from South Korea and applies an empirical strategy to provide some of the first quantitative evidence that self management is benefiting the fishermen. We find that positive benefits of fishery self management—an increase in fishery revenue and reduction in cost—are perceived by member fishermen, which is a good start consid- ering the average number of years since the establishment of these self-management groups is only about seven. Empirical results of the magnitude of change in profit showed some consistent results, although the estimates were not as robust. These re- sults suggest that the impact of fishery self management is still in progress. Thus, the government should maintain its current position to support self management as the country’s fishery management policy.