Agricultural and Resource Economics Commons^™

Investing In The New Blue Economy: The Changing Role Of International Development Organizations In Catalyzing Private Sector Investment In Support Of Regional Strategic Action Programmes For The Sustainable Development Of Coasts And Oceans, Ryan Whisnant, Veerle Vandeweerd

Journal of Ocean and Coastal Economics

Over the last 20 years, governments sharing common coastal and ocean ecosystems have developed and agreed on concrete regional action programs to stop and, in some cases, reverse a trend of deteriorating coastal and ocean resources. Implementation of these action programs requires significant investments by the public and private sectors alike, with the potential for substantial economic growth and enhanced social well-being. For this to happen, new institutional arrangements, technologies, and financial vehicles and asset classes are needed to mainstream innovative “blue economy” projects that have the potential to transition economies and communities to more sustainable development paths.

This paper …

Actual Versus Hypothetical Wta Stated Values For Recreational Fishing Licenses: Experimental Evidence Of Fish Tales, Scott Steinback, Kristy Wallmo, Sabrina Lovell, Eric Thunberg, John Foster

Journal of Ocean and Coastal Economics

We compared hypothetical willingness to accept (WTA) values for Massachusetts saltwater recreational fishing licenses with WTA values obtained in an actual (simulated) marketplace. Using a dichotomous choice contingent valuation approach, our results align with past evidence that found WTA values elicited from hypothetical transactions overstate those derived from an actual marketplace. We also provide the first evidence about the effectiveness of an ex-post certainty adjustment technique in a WTA environment. While the adjustment technique has been found to eliminate hypothetical bias in willingness to pay (WTP) settings, we find that when applied in a WTA setting, the approach mitigates but …

Augmenting Marine Food Production Through Fisheries Management And Mariculture, S M. Sharifuzzaman, M I. Golder, M. Shahadat Hossain

Journal of Ocean and Coastal Economics

There is new aspiration of sustainable exploitation of marine resources and to achieve sustainable development goals (SDG 14) in recent years. In this context, this document delineates new scope of venturing into the blue economy relative to marine fisheries and mariculture. Potential interventions in marine fisheries include – (i) expansion of the commercial fishing area (beyond the 80 m depth) for harvesting high value fish species (such as tuna, lakkha), (ii) exploration for new fishing grounds and fisheries, (iii) value addition and reducing post-harvest losses, and (iv) assessment of fisheries stocks for estimation of potential yields and optimum sizes of …

Coming Stakes In The Ocean: Food Production, Shipping And Trade, Tourism, Ecosystem-Biodiversity, New Technologies And Climate Change Challenges In Bangladesh, Muhammad Abdur Rouf, Md. Moshiur Rahman, Sk Mustafizur Rahman, Md Nazmul Ahsan

Journal of Ocean and Coastal Economics

Blue economy is an emerging concept in all over the world where Bangladesh is not in exception. The blue economy of Bangladesh is subject to multiple interlinked activities. Among the major activities, food production, shipping and trade, tourism, ecosystem-biodiversity, new technologies and climate change challenges are the most promising sectors which are discussed in this chapter to project the present and future potential, constrains, ways to overcome in the context of the blue economy of Bangladesh following various published literatures. The review has revealed that Bangladesh has enormous resources which have great potential to uplift the existing economy, improving livelihoods, …

The Costs Of Obtaining Environmental Outcomes Through Coastal Habitat Restoration, Shea Gould, Matthew G. Interis

Journal of Ocean and Coastal Economics

Studies examining the costs of coastal habitat restoration have focused on the cost per acre of restoration or on cost efficiency of various restoration methods. On the other hand, studies examining the benefits of restoration have focused on various ecosystem services that more directly affect welfare including amenity value, storm protection, nutrient retention and biodiversity. We examine a set of 133 Gulf of Mexico coastal habitat restoration projects to estimate the cost of obtaining average annual habitat units (AAHUs), a measure which captures the quantity and, importantly, quality of habitat restored, which is one of the more direct ecosystem service …