Comparison of efficiency levels using meta-frontier analysis of global fisheries for the period 1960-2010
2015
Lee, S.G. (Pukyong National University, Busan (South Korea). Department of Marine Business and Economics) | Rahimi Midani, A.
The purpose of this study was to analyse the technical efficiency, meta-frontier, and technological gap ratios of six world fishery regions during the years 1960-2010. We calculated the efficiency level for Europe, Asia, North and Central America, Africa, South America, and Oceania, based on countries from which adequate data were available. While world fish stocks are suffering from overexploitation, and many countries have initiated stock rebuilding plans to overcome this issue, we offer a new solution. Although many country's efficiency levels are high within their region, on a global scale, few can be considered efficient. This shows that today's worldwide fishery is facing a lack of cooperation. We hope that by showing the efficiency levels, countries can moderate the over-capacity, which imparts higher costs on the fishery sector, in addition to constrain most of the fisheries to harvest levels below regional maximum sustainable yield levels, while not reducing their economic return.
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