The Journal of Fisheries Business Administration (수산경영론집)

The Korean Society of Fisheries Business Administration (한국수산경영학회)
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Analysis on Economic Effect and Resource Recovery of Major Coastal Fisheries by Vessel Buy-back Program in Korea

어선감척사업에 따른 주요 연안어업의 자원회복 및 경제적 효과 분석

  • Cho, Hoon-Seok (Department of Resource and Environmental Economics, Graduate School, Pukyong National University) ;
  • Nam, Jong-Oh (Division of Economics, College of Humanities & Social Sciences, Pukyong National University)
  • 조훈석 (부경대학교 일반대학원 자원환경경제학과 대학원) ;
  • 남종오 (부경대학교 인문사회과학대학 경제학부)
  • Received : 2019.03.14
  • Accepted : 2019.03.22
  • Published : 2019.03.31
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Abstract

The purpose of this study is to estimate the resource recovery effect and the economic effect of the fishermen by the fisheries vessel buy-back program. First, this study standardizes the fishing efforts of coastal gill net, coastal trap, and coastal composite fisheries using Gavaris general linear model. Second, the resource evaluation is performed by using vessel buy-back program data, and also the CYP model based on exponential growth function is applied. In order to derive the effect of the vessel buy-back program, the MSY with the vessel buy-back program is compared with the MSY without the vessel buy-back program. Finally, we compare and analyze producer surplus under the equilibrium of the MEY and the OA using bioeconomic model. In conclusion, the vessel buy-back program has shown an increase in resource growth and economic improvement for the remaining fishermen. The result shows that the remaining fishermen are able to obtain an increase in producer surplus of about 53% due to the vessel buy-back program under equilibrium levels of the open access and the maximum economic yield.

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References

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