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Navigating Sustainably in Stormy Wat...

Gokhale, Sanmitra Ulhas,

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Navigating Sustainably in Stormy Waters: Economic Risks in Fisheries and the Role of Income Diversification and Governance /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Navigating Sustainably in Stormy Waters: Economic Risks in Fisheries and the Role of Income Diversification and Governance // Sanmitra Ulhas Gokhale.
Author:	Gokhale, Sanmitra Ulhas,
Description:	1 electronic resource (211 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 86-05, Section: A.
Contained By:	Dissertations Abstracts International86-05A.
Subject:	Agriculture. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=31724361
ISBN:	9798346570110

Navigating Sustainably in Stormy Waters: Economic Risks in Fisheries and the Role of Income Diversification and Governance /
Gokhale, Sanmitra Ulhas,

Navigating Sustainably in Stormy Waters: Economic Risks in Fisheries and the Role of Income Diversification and Governance /Sanmitra Ulhas Gokhale. - 1 electronic resource (211 pages)

Source: Dissertations Abstracts International, Volume: 86-05, Section: A.

This thesis aims to build upon the research done on economic risk management in fisheries. Commercial fishing is widely known to be a risky business both physically and economically. Fishers routinely face a variety of economic risks that most other natural resource producers do not incur to the same extent. As global trade of fish has increased and the impacts of climate change continue to rise, the risks they face are no longer limited to their locality but can come from events taking place around the world. Fishers also lack access to the risk management tools that are widely available to other natural resource producers, and the consequences to inadequately managing their economic risks can be catastrophic at the individual and the community level. As a result, risk management in fisheries is extremely important and challenging.At the individual level, fishers have historically managed their risk by diversifying their incomes within and outside of fishing. However, this area of risk management has not been well studied, with very few empirical studies looking into individual fishers' economic risk profile. At the broader institutional/manager level, governments have typically supported the fishing sector via subsidies for various purposes, such as research and development, conservation efforts, fuel subsidies, infrastructure subsidies, etc. They have also used subsidies as a response to any large negative shocks, such as the collapse of a major fish stock. However, the impact of subsidies on fish stock is not entirely clear. Subsidies may act as a response to a weak fish stock and help fishers maintain a certain level of income to support their families. They may also encourage greater exploitation of fisheries via reducing the cost of participation. Thus, there is a need to understand the impact of subsidies as a whole on fish stocks.This thesis comprises of six chapters that address various aspects of risk and governance in fisheries. Chapter one provides a brief introduction into the main problems that this thesis tackles as well as the motivation and surrounding context. Chapter two examines the relationship between income diversification within fisheries and the risk level of fishers in Norwegian fisheries. It also delves into the correlation between income diversification and various financial variables, such as revenues. I use the Herfindahl-Hirschman Index (HHI) to measure diversification and the coefficient of variation (CV) of revenues to measure risk. Overall, in that chapter, I find a statistically significant dome-shaped relationship between the level of risk and income diversification. This relationship implies that initial increases in diversification are correlated with higher risk levels, but further increases show a plateau and then a reduction in income risk. I also found that revenues are positively correlated, while variable costs are negatively correlated with diversification.Chapter three aims to build upon chapter two and examines the entire income risk profile of Swedish fishers - which includes fishing income, non-fishing income and income from their partner. We use each fisher's portfolio risk and the coefficient of variation of revenues as measures of risk. My co-authors and I find that the vast majority of fishers in our sample have at least one source of secondary income which typically represents more than half of the total household income of the average fisher.

English

ISBN: 9798346570110Subjects--Topical Terms:

518588
Agriculture.

Navigating Sustainably in Stormy Waters: Economic Risks in Fisheries and the Role of Income Diversification and Governance /
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