A Methodological Note for the Development of Integrated Aquaculture Production Models

Frontiers in Marine Science, January, 2018, Vol. 4, Article 406

13 Pages Posted: 13 Oct 2018

See all articles by Stella Tsani

Stella Tsani

University of Ioannina - Department of Economics; Athens University of Economics and Business

Phoebe Koundouri

Athens University of Economics and Business - Department of International and European Economic Studies; University of Reading - Department of Economics

Date Written: January 4, 2018

Abstract

Aquaculture production can yield significant economic, social, and environmental effects. These exceed the financial costs and benefits aquaculture producers are faced with. We propose a methodology for the development of integrated production models that allow for the inclusion of the socio-economic and environmental effects of aquaculture into the production management.

The methodology develops on a Social Cost-Benefit Analysis context and it includes three parts:

(i) environmental, that captures the interactions of aquaculture with the environment,

(ii) economic, that makes provision for the incorporation of economic determinants in the production models and

(iii) social, that introduces the social preferences to the production and management process.

Alternatives to address data availability issues are also discussed. The methodology extends the assessment of the costs and benefits of aquaculture beyond pure financial metrics and beyond the quantification of private costs and benefits. It can also support the development of integrated models of aquaculture production that take into consideration both the private and the social costs and benefits associated with externalities and effects not appropriately captured by market mechanisms. The methodology can support aquaculture management and policies targeting sustainable and efficient aquaculture production and financing from an economic, financial, social, and environmental point of view.

Keywords: aquaculture, production model, socio-economic assessment, economic effects, environmental effects, blue growth

JEL Classification: Q01, Q22, Q51, B41

Suggested Citation

Tsani, Stella and Koundouri, Phoebe, A Methodological Note for the Development of Integrated Aquaculture Production Models (January 4, 2018). Frontiers in Marine Science, January, 2018, Vol. 4, Article 406, Available at SSRN: https://ssrn.com/abstract=3252335

Stella Tsani (Contact Author)

University of Ioannina - Department of Economics ( email )

45110 Ioannina
Greece

Athens University of Economics and Business ( email )

Patision 76
Athens, 10443
Greece

Phoebe Koundouri

Athens University of Economics and Business - Department of International and European Economic Studies ( email )

GR-10434 Athens
Greece
+0030 210 8203147 (Phone)
+0030 210 8214122 (Fax)

HOME PAGE: http://www.econ.ucl.ac.uk/downloads/koundouri/cv.pdf

University of Reading - Department of Economics ( email )

Reading, RG6 6AA
United Kingdom
+44 - (0)118 - 9875123 (Phone)
+44 - (0)118 - 9750236 (Fax)

HOME PAGE: http://www.rdg.ac.uk/economics/koundouri.html

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