Cristin-resultat-ID: 2134904
Sist endret: 17. mars 2023, 15:39
Resultat
Vitenskapelig foredrag
2022

Drivers of Geographical Consolidation: The Case of Quota Holdings in Norwegian Fisheries

Bidragsytere:
  • Mads Fjeld Wold

Presentasjon

Navn på arrangementet: International Institute of Fisheries Economics & Trade 20th BIENNIAL CONFERENCE
Sted: Vigo, Spania
Dato fra: 18. juli 2022
Dato til: 22. mars 2023

Arrangør:

Arrangørnavn: The International Institute of Fisheries Economics & Trade

Om resultatet

Vitenskapelig foredrag
Publiseringsår: 2022

Klassifisering

Vitenskapsdisipliner

Samfunnsøkonomi

Emneord

Miljø og ressursøkonomi • Fiskeriøkonomi • Regionaløkonomi

Beskrivelse Beskrivelse

Tittel

Drivers of Geographical Consolidation: The Case of Quota Holdings in Norwegian Fisheries

Sammendrag

Regional policy instruments that transfer funds between jurisdictions are popular tools for mitigating spatial economic disparities. Given the regional aspect of fishing activity, these policy tools often benefit fisheries firms. In this paper, I study the effect of the regional policy area in Norway---a geographical area that is, among others, exempt from the general ban on public investment support in the European Economic Area. Fishing firms receive substantial amounts of subsidies for, among others, buying vessels and fishing quotas as part of regional development policies. Insight into the effect of the subsidies is consequently important. The geographical scope of the regional policy area was revised in 2007 and 2014. In both occasions, many fishing firms lost access to public funding as a consequence of the policy change. I exploit these changes in a difference-in-difference setup to study study how regional aid affects fisheries investment. In addition, I construct a comprehensive and novel data set on public subsidies geared toward fisheries investments in Norway. I use this data to measure the effect of public investment support on investments for all fishing firms in Norway in the period 2009--2017. My empirical results indicate a strong effect of public funding on investment behaviour among fishing firms. Additionally, I find that a large share of the public subsidies to the fishing industry are used for fishing quotas. My results shed light on how public investment subsidies can influence the distribution of property rights ownership in resource industries. This has relevance for the the ongoing debate in fisheries management policy around the trade-offs between social and economic goals.

Bidragsytere

Mads Fjeld Wold

  • Tilknyttet:
    Forfatter
    ved Institutt for samfunnsøkonomi ved Norges Handelshøyskole
  • Tilknyttet:
    Forfatter
    ved Senter for økonomisk forskning ved NTNU Samfunnsforskning AS
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