Subsidies—Help or Hurt? A Study from Vietnamese Fisheries

نویسندگان

چکیده

Subsidies are part of the set management tools that governments apply to modernize their fishing fleets and enable them engage in offshore international fisheries. Research has shown subsidies often lead overcapacity overfishing, resulting depletion fish stocks. A few studies, however, have found some positive effects for particular subsidies. In this paper, we investigate a credit-linked subsidy scheme Vietnam, which seems be justified on basis economic, social, environmental considerations. Both propensity score matching endogenous switching regression methods employed analysis. The results show had effect fishermen’s profitability, mainly because increased revenue rather than reduced cost. However, benefited owners only biggest vessels, inefficiency subsidized vessels may threaten resources profitability long term.

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ژورنال

عنوان ژورنال: Marine Resource Economics

سال: 2021

ISSN: ['2334-5985', '0738-1360']

DOI: https://doi.org/10.1086/715358