Brito, Joao Antonio F. and Nguyen, Thanh Viet and Kristofersson, Daoi Mar (2024) Evaluating the sustainability and potential of the blue economy: A bioeconomic and input–output analysis of the fisheries sector in Cape Verde. Ocean & Coastal Management, 250.
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This study examines the biological and economic sustainability of the fisheries sector in Cape Verde, with a focus on its potential contribution to the Blue Economy. The estimated fish stocks in Cape Verde range from 32,000 to 41,000 tonnes, and fresh fish represents a significant source of animal protein for the Cape Verdean population. Using the standard bioeconomic models, we analyze fishing effort and harvest data from 1993 to 2021 to determine key reference points for equilibrium, such as Effort at Maximum Sustainable Yield (MSY), Effort at Maximum Economic Yield (MEY), Effort at Open Access Equilibrium Yield (OAY). Additionally, we apply the Input–Output model to compute the output and employment multipliers for the fisheries sector, assuming it operates at Maximum Economic Yield. Our findings indicate that in 2021, the fishing effort and harvest levels exceed those necessary for maximum sustainable yield. To ensure the biological sustainability and growth of fisheries in Cape Verde, a reduction of 17 percent in fishing effort and 9 percent in harvest is recommended. Furthermore, the results of the Input–Output model reveal an output multiplier of 1.743 and an employment multiplier of 1.265 for the fishing sector. Based on our analysis, policymakers seeking to increase the output multiplier should focus on increasing the number of industrial vessels, while promoting artisanal vessels would be more effective in achieving a higher employment multiplier.
| Item Type: | Articles |
|---|---|
| Keywords: | Blue Economy, Cape Verde, Fish Stocks, Fishing Efforts, Maximum Sustainable Yield (MSY), Maximum Economic Yield (MEY), Sustainable Fisheries, Capture Fisheries |
| Subjects: | Right to Resources |
| Depositing User: | Kokila ICSF Krish |
| Date Deposited: | 09 Jan 2025 09:42 |
| Last Modified: | 09 Jan 2025 09:42 |
| URI: | http://icsfarchives.net/id/eprint/21438 |
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