NOAA Fisheries Participates in National Conference on Economic Impact Modeling Federal legislation requires an analysis of the potential economic impacts of fisheries management and regulations, and economic impact modeling is an important part of NOAA Fisheries’ work. For recreational fisheries, the focus is on determining the economic impacts associated with angler purchases on trip-related expenses as well as purchases of equipment and more durable goods such as boats on the local economy. When commercial fishing is analyzed, the economic consequences of the seafood processing and distributing industries is often included; sometimes, the analysis of the seafood industry is extended to retail activities. For a complete description of the model and results of the analyses, go to: http://www.nefmc.org/nemulti/index.html. External reviewers’ comments are also posted: http://www.nefsc.noaa.gov/groundfish/index.htm. NOAA Fisheries has also estimated the economic impacts of recreational fishing expenditures in a recent peer reviewed publication. For further information on this economic research, contact
NOAA Fisheries staff presented several models at a recent conference. One was a multi-regional model designed to estimate the short-term economic losses (sales, income, and employment) arising from changes in fisheries regulations. Most recently this model was used to analyze the four major management alternatives developed to address the rebuilding requirements Amendment 13 to the Northeast Multispecies Fishery Management Plan (FMP).
Br**********@no**.gov
.
NOAA Fisheries Participates in National Conference on Economic Impact Modeling
Federal legislation requires an analysis of the potential economic impacts of fisheries management and regulations, and economic impact modeling is an important part of NOAA Fisheries’ work. For recreational fisheries, the focus is on determining the economic impacts associated with angler purchases on trip-related expenses as well as purchases of equipment and more durable goods such as boats on the local economy. When commercial fishing is analyzed, the economic consequences of the seafood processing and distributing industries is often included; sometimes, the analysis of the seafood industry is extended to retail activities.
NOAA Fisheries staff presented several models at a recent conference. One was a multi-regional model designed to estimate the short-term economic losses (sales, income, and employment) arising from changes in fisheries regulations. Most recently this model was used to analyze the four major management alternatives developed to address the rebuilding requirements Amendment 13 to the Northeast Multispecies Fishery Management Plan (FMP).
For a complete description of the model and results of the analyses, go to: http://www.nefmc.org/nemulti/index.html. External reviewers’ comments are also posted: http://www.nefsc.noaa.gov/groundfish/index.htm. NOAA Fisheries has also estimated the economic impacts of recreational fishing expenditures in a recent peer reviewed publication.
For further information on this economic research, contact
Br**********@no**.gov
.