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.
|Seafood Commodities (Species)|
|Seafood-C||All processed seafood|
|Seafood Industries (Sectors)|
|TRAWL_CVS-A||Trawl Catcher Vessels|
|OIL_GAS-A||Oill and gas|
|OTHFOOD-A||Other food manufacturing|
|OTHRETAIL-A||Other retail trade|
|FIN_INS-A||Finance and insurance|
|SUPPORT-A||Administrative support services|
|EAT_DRINK-A||Eating and drinking|
|SLGOVI-A||State and local government services|
|FEDGOVI-A||Federal government services|
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 Year||GDP Deflator|