Fish Exports and Economic Growth: The Case of SIDS, Coastal Management

Fish Exports and Economic Growth: The Case of SIDS, Coastal Management

Primary Country: multiple
Ecosystem: species
Sample Value Estimates: To determine the impact of fish export on economic growth the following reduced-form equation is estimated: GRit = β0 + β1FXit + εit (1) where i = 1, 2. . . , 23, denoting individual countries, t = 1989, 1990 . . . , 2002, denoting the time period. GR is the growth rate of real GDP and FX is the growth rate of real fish exports. Having determined the direction of the causal effect, the impact of export growth on economic growth is computed. Bi-directional causality is synonymous to endogenous regressors, which can produce both inconsistent and biased parameters. Efficient methods like the FMOLS can deal with such problems. The long- run coefficient is estimated to be 0.01, statistically significant at 5% level. These results lend support to a fish export-oriented strategy for the SIDS.
Methodology: Blundell-Bond system generalized methods-of-moments (GMM) method, panel fully modified ordinary least squares (FMOLS) method
Region: multiple

Publication information

Jaunky, V.C. [Initial. Lastname] (J. Doe) “Fish Exports and Economic Growth: The Case of SIDS, Coastal Management” Coastal Management, 39:4, 377-395, DOI: 10.1080/08920753.2011.589210, 2011

Addtional Notes

 

 

This article attempts to explore the causal relationship between fish exports growth and economic growth for 23 small island developing states (SIDS) over the period 1989–2002. The results show that fish exports represent a means for the SIDS to sustain their economic growth over the long run and the importance for them to manage their fisheries.

 


Information provided when available, for more information please visit the original database or PDF.