Regional Economic Impact Analysis for North Pacific Fisheries

In 2015, economists and social scientists from NMFS Alaska Regional Office (AKRO), NMFS Alaska Fisheries Science Center (AFSC), and North Pacific Fishery Management Council (NPFMC) had a round of workshops at AKRO. One result from the workshops was a plan to develop a regional economic impact analysis software for North Pacific fisheries that will assist economists and social scientists working for the North Pacific fisheries in estimating the economic impacts of changes in management actions for the fisheries. This project was for implementing the plan to develop the software, and was a cooperative project between Pacific States Marine Fisheries Commission (PSMFC), AKRO, and AFSC, with funding provided by the NMFS Office of Science and Technology.

This web application is the result of the project, and runs a Multi-Regional Social Accounting Matrix (MRSAM) model. The model can calculate the economic impacts from North Pacific commercial fisheries on industry output, employment, value added, household income, and state and local government revenue, all for each of the three US regions – Alaska, West Coast, and the rest of US. The model is designed to compute the impacts from an exogenous change in the amount of fish caught by species or by vessel type. This model is for impact analysis of commercial fisheries only, and therefore, is neither suitable for assessing the economic impacts of recreational fisheries nor for a cost-benefit analysis.

Click here to access the application.

Click here to read the user's manual.

Click here to access the tech memo.

Abbreviations

AbbreviationDescription
Seafood Commodities (Species)
AtkaM-CAtka mackerel
Flatfish-CFlatfish
PacCod-CPacific cod
Pollock-CPollock
Rockfish-CRockfish/other
Sablefish-CSablefish
Crab-CCrab
Halibut-CHalibut
Herring-CHerring
Othfinfish-COther finfish
Othinvert-COther invertebrates
Othshfish-COther shellfish
Salmonetc-CSalmon/other
Seafood-CAll processed seafood
Seafood Industries (Sectors)
CPH-ACatcher-processor Harvesting
CPP-ACatcher-processor Processing
TRAWL_CVS-ATrawl Catcher Vessels
LONGLINERS-ALongliners
CRABBERS-ACrabbers
SALMON-ASalmon Netters
OTHHARVS-AOther Harvesters
MS-AMotherships
SHOREPROC-AShorebased processors
AbbreviationDescription
Non-Seafood Industries
AGRI-AAgricutlure
OIL_GAS-AOill and gas
OTHMIN-AOther mining
MINSERVS-AMining services
UTILITIES-AUtilities
CONSTR-AConstruction
WOOD-AWood products
OTHFOOD-AOther food manufacturing
OTHMANU-AOther manufacturing
REFINED-ARefined petroleum
WHOLESALE-AWholesale trade
AIRTRAN-AAir transportation
WATERTRAN-AWater transportation
OTHTRAN-AOther transportation
FOODST-AFood stores
OTHRETAIL-AOther retail trade
INFO-AInformation
FIN_INS-AFinance and insurance
REALEST-AReal estate
PROFSERVS-AProfessional services
MGTSERVS-AManagement services
SUPPORT-AAdministrative support services
WASTEMGT-AWaste management
EDUSERVS-AEdicational services
HEALTHSERV-AHealth services
ENTSERVS-AEntertainment services
LODGING-ALodging
EAT_DRINK-AEating and drinking
REPAIRSERV-ARepair services
OTHSERVS-AOther services
MISC-AMiscellaneous
SLGOVI-AState and local government services
FEDGOVI-AFederal government services

GDP Deflator

All the values (in million dollars) in the initial MRSAM table are adjusted using the GDP deflator. So, for example, if the impact year is 2016 with the impact numbers given in 2016 values, we multiply all the elements in the initial MRSAM by the GDP deflator for the year.

Impact YearGDP Deflator
20041
20051.03218055488141
20061.06389295123403
20071.09220436133069
20081.11362760707014
20091.12208653430985
20101.13579402684197
20111.15923642402879
20121.1806002492892
20131.19965843298401
20141.22113608804144
20151.23427328963073
20161.25044777016429