Measuring, interpreting and monitoring economic productivity in commercial fisheries
The use of productivity analysis provides an useful approach to measure and monitor performance in fisheries. It allows a broad evaluation of the level of efficiency within a fishery and how efficiency changes over time. The impact of various variable, including fisheries management on efficiency can also be directly determined. Many productivity measures can be derived from available logbook data, while more detailed measures can be obtained from full economic data (e.g., socio-economics of fishers, vessel characteristics, environmental conditions). These approaches can also provide additional information about fisher behaviour and their response to changes in price and costs, as well as provide information on what is driving changes in profitability (eg prices, costs or management). This project will undertake a review of the use of productivity analysis as a performance indicator and in management assessment and assess the contexts in which it provides additional insights for effective management. The project will also develop a guide for managers to illustrate how productivity analysis can provide relevant and cost-effective economic performance indicators and how these can be used to inform management decisions.
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