Does Climate Change Bolster the Case for Fishery Reform in Asia?

Asian Development Review 35:2

27 Pages Posted: 6 Oct 2018

See all articles by Christopher Costello

Christopher Costello

University of California, Santa Barbara (UCSB) - Donald Bren School of Environmental Science & Management

Date Written: September 13, 2018

Abstract

I examine the estimated economic, ecological, and food security effects of future fishery management reform in Asia. Without climate change, most Asian fisheries stand to gain substantially from reforms. Optimizing fishery management could increase catch by 24% and profit by 34% over business-as-usual management. These benefits arise from fishing some stocks more conservatively and others more aggressively. Although climate change is expected to reduce carrying capacity in 55% of Asian fisheries, I find that under climate change large benefits from fishery management reform are maintained, though these benefits are heterogeneous. The case for reform remains strong for both catch and profit, though these numbers are slightly lower than in the no-climate change case. These results suggest that, to maximize economic output and food security, Asian fisheries will benefit substantially from the transition to catch shares or other economically rational fishery management institutions, despite the looming effects of climate change.

Keywords: Asia, climate change, fisheries, rights-based management

JEL Classification: Q22, Q28

Suggested Citation

Costello, Christopher, Does Climate Change Bolster the Case for Fishery Reform in Asia? (September 13, 2018). Asian Development Review 35:2. Available at SSRN: https://ssrn.com/abstract=3249128

Christopher Costello (Contact Author)

University of California, Santa Barbara (UCSB) - Donald Bren School of Environmental Science & Management ( email )

4670 Physical Sciences North
Santa Barbara, CA 93106-5131
United States
(805) 893-5802 (Phone)
(805) 893-7612 (Fax)

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