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dc.contributor.authorJin, Di
dc.contributor.authorKite-Powell, Hauke
dc.contributor.authorHoagland, Porter
dc.contributor.authorSolow, Andrew
dc.date.accessioned2017-06-12T13:52:07Z
dc.date.available2017-06-12T13:52:07Z
dc.date.issued2012-06-15
dc.identifier.citationJin D, Kite-Powell H, Hoagland P, Solow A (2012) A Bioeconomic Analysis of Traditional Fisheries in the Red Sea. Marine Resource Economics 27: 137–148. Available: http://dx.doi.org/10.5950/0738-1360-27.2.137.
dc.identifier.issn0738-1360
dc.identifier.issn2334-5985
dc.identifier.doi10.5950/0738-1360-27.2.137
dc.identifier.urihttp://hdl.handle.net/10754/624952
dc.description.abstractWe undertake a bioeconomic analysis of the aggregate traditional fisheries in the Northern and Central areas of Red Sea off the coast of the Kingdom of Saudi Arabia (KSA). Results of our analysis using a Fox model and the Clarke-Yoshimoto-Pooley (CY&P) estimation procedure suggest that the aggregate traditional fisheries have been overfished since the early 1990s. The estimated stock size in recent years is as low as 6,400 MT, while the estimated stock size associated with the maximum economic yield (MEY) is 19,300 MT. The socially optimal level of fishing effort is about 139,000 days. Thus, the current effort level of 300,000 to 350,000 days constitutes a problem of overfishing. The estimated current total gross revenue from the traditional fisheries is Saudi Rials (SR) 147 million with zero net benefit. If total fishing effort is reduced to the socially optimal level, then we estimate gross revenue would be SR 167 million and the potential net benefit from the KSA Red Sea traditional fisheries could be as large as SR 111 million. Copyright © 2012 MRE Foundation, Inc.
dc.description.sponsorshipThis research was supported by the King Abdullah University of Science and Technology (KAUST) under a research agreement with the Woods Hole Oceanographic Institution (WHOI). We benefitted from the comments of two anonymous reviewers of an earlier version of the article
dc.publisherUniversity of Chicago Press
dc.subjectBioeconomic model
dc.subjectRed Sea
dc.subjectSaudi arabia
dc.subjectTraditional fisheries
dc.titleA Bioeconomic Analysis of Traditional Fisheries in the Red Sea
dc.typeArticle
dc.identifier.journalMarine Resource Economics
dc.contributor.institutionMarine Policy Center, Woods Hole Oceanographic Institution, Woods Hole, MA 02543, United States
dc.date.published-online2012-06-15
dc.date.published-print2012-06


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