Ocean and Polar Research

Korea Institute of Ocean Science & Technology (한국해양과학기술원)
권호 표지
DOI QR코드

DOI QR Code

A Policy Direction of Vessel Buyback Program for Coastal and Offshore Fisheries in Korea

우리나라 연근해어선감척사업의 정책방향에 관한 연구

  • Pyo, Hee-Dong (Faculty of Marine Business and Economics Pukyong National University) ;
  • Kwon, Suk-Jae (Policy Research Division, KORDI)
  • 표희동 (부경대학교 해양산업경영학부) ;
  • 권석재 (한국해양연구원 기술정책연구실)
  • Published : 2005.09.30
Download PDF
⟨ Previous Next ⟩

Abstract

The paper is to serve as a guide for deciding on a desirable direction for the vessel buyback program, reviewing their performance and economic effects from fish harvest reduction due to not reaching MSY. Compared with maximum willingness to pay for vessel buyback programs designed to avoid economic losses occurring as a result of overfishing, the portions of investment costs for buyback program are so small comparatively to the range of 0.32% to 12.19% at the annual base. The economic loss effects occurred in terms of the reduction of fishing harvest are comprehensively estimated at the present value of 30,877 billion won since 1971, and exceeded the revenues for fish harvests from 1999. In order to resole fish stocks through a vessel buyback program, this paper recommends that the yield should be reduced to less than the intrinsic growth rate. Otherwise, the buyback program policy eventually fails regardless of the temporal effect of benefits. This paper further argues that technical policy tools such as fishing grounds, fishing seasons, size of fish and minimum size of meshes should be effectively utilized.

Keywords

References

  1. 농림수산부. 농림수산통계연보, 각년호.
  2. 농수산부. 수산통계연보, 각년호.
  3. 수협중앙회. 수산물계통판매고통계연보, 각년호.
  4. 수협중앙회. 어업경영조사보고, 각년호.
  5. 한국은행. 주요경제지표, 각년호.
  6. 해양수산부. 2003. 연근해어선 감척사업 투자효과 분석. p. 421-423.
  7. 해양수산부. 해양수산통계연보, 각년호.
  8. Anderson, L.G. 1985. Potential economic benefits from gear restrictions and license Limitation in Fisheries Regulation. Land Econ., 61(4), 409-418. https://doi.org/10.2307/3146158
  9. Campbell, H.F. 1989. Fishery buy-back programs and economic welfare. Aust. J. Agr. Econ., 33(1), 20-31.
  10. Campbell, H.F. and R.K. Linder. 1990. The production of fishing effort and the economic performance of licence limitation programs. Land Econ., 66(1), 56-66. https://doi.org/10.2307/3146683
  11. Conrad, J.M. 1999. Resource economics. Cambridge University Press. p. 49-57.
  12. Guyader, O. and F. Daures. 2000. Economic analysis of the impact of buyback programs and the role of financial incentives schemes: Application to French fishery sector. IIFET(International Institute of Fisheries Economics and Trade) 2000, July 10-14, Corvallis, Oregon, USA.
  13. Holland, D., E. Gudmundsson, and J. Gates. 1999. Do fishing vessel buyback programs work: A survey of the evidence. Mar. Policy, 23(1), 47-69. https://doi.org/10.1016/S0308-597X(98)00016-5
  14. Sun, C.H. 1999. Optimal number of fishing vessels for Taiwan’s offshore fisheries: A comparison of different fleet size reduction policies. Mar. Resour. Econ., 13, 275-288.
  15. Walden, J.B., J.E. Kirkley, and A.W. Kitts. 2003. A limited economic assessment of the northeast groundfish fishery buyout program. Land Econ., 79(3), 426-439. https://doi.org/10.2307/3147027
  16. Weninger, Q. and K.E. McConnell. 2000. Buyback programs in commercial fisheries: Efficiency versus Transfers. Can. J. Econ., 33(2), 394-412. https://doi.org/10.1111/0008-4085.00021