Economic impacts of seafood production growth targets in Ireland

Amaya Vega, Ana Corina Miller, Cathal O'Donoghue

Research output: Contribution to journalArticlepeer-review

13 Citations (Scopus)

Abstract

This paper examines the potential economic impact of the Irish government strategy for the development of the seafood sector in Ireland, Food Harvest 2020 (FH2020). The seafood industry accounts for a large proportion of income and employment in peripheral coastal areas. Many of these regions are predominantly rural and they are largely dependent on the primary fisheries sector. Moreover, the services and retail businesses in these areas are heavily dependent on direct spending from the fisheries, aquaculture and seafood processing sectors. A social accounting matrix (SAM) approach with (1) set to zero purchase coefficients for all directly impacted industries and (2) changes in output converted to final demand shocks is used to calculate the economic and employment impact on the rest of the economy from an increase in the output in the fisheries, aquaculture and seafood processing sectors in Ireland. The results suggest fisheries sectors have strong links with the rest of the economy hence an important economic impact from a policy perspective.
Original languageEnglish
Pages (from-to)39-45
Number of pages7
JournalMarine Policy
Volume47
Early online date25 Feb 2014
DOIs
Publication statusPublished - Jul 2014

Keywords

  • Economic impact
  • Employment multiplier
  • Irish seafood sector
  • Social accounting matrix

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