{"title":"Wealth of Peruvian fishery","authors":"Carlos Orihuela , Jose Davila-Garcia","doi":"10.1016/j.marpol.2025.106816","DOIUrl":null,"url":null,"abstract":"<div><div>Fisheries provide critical sources of employment, nutrition, and economic value for many countries, making fishery resources an essential component of natural capital. Accordingly, their efficient and sustainable management is fundamental for long-term development. One approach to evaluate sustainability is through the estimation of wealth, defined as the present value of profits derived from fishery assets. While previous global studies have estimated the natural wealth of fisheries -including for Peru- these assessments often omit processing profits, leading to potential underestimations. This study improves upon existing estimates by incorporating both extraction and processing profits to calculate Peru’s fishery wealth over the period 1994–2022. Results reveal a 51 % increase in wealth during this timeframe. Moreover, the analysis shows that processing profits significantly exceed resource rents, highlighting the importance of including them to avoid substantial distortions in fishery wealth valuation.</div></div>","PeriodicalId":48427,"journal":{"name":"Marine Policy","volume":"180 ","pages":"Article 106816"},"PeriodicalIF":3.7000,"publicationDate":"2025-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Marine Policy","FirstCategoryId":"90","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0308597X25002313","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
Fisheries provide critical sources of employment, nutrition, and economic value for many countries, making fishery resources an essential component of natural capital. Accordingly, their efficient and sustainable management is fundamental for long-term development. One approach to evaluate sustainability is through the estimation of wealth, defined as the present value of profits derived from fishery assets. While previous global studies have estimated the natural wealth of fisheries -including for Peru- these assessments often omit processing profits, leading to potential underestimations. This study improves upon existing estimates by incorporating both extraction and processing profits to calculate Peru’s fishery wealth over the period 1994–2022. Results reveal a 51 % increase in wealth during this timeframe. Moreover, the analysis shows that processing profits significantly exceed resource rents, highlighting the importance of including them to avoid substantial distortions in fishery wealth valuation.
期刊介绍:
Marine Policy is the leading journal of ocean policy studies. It offers researchers, analysts and policy makers a unique combination of analyses in the principal social science disciplines relevant to the formulation of marine policy. Major articles are contributed by specialists in marine affairs, including marine economists and marine resource managers, political scientists, marine scientists, international lawyers, geographers and anthropologists. Drawing on their expertise and research, the journal covers: international, regional and national marine policies; institutional arrangements for the management and regulation of marine activities, including fisheries and shipping; conflict resolution; marine pollution and environment; conservation and use of marine resources. Regular features of Marine Policy include research reports, conference reports and reports on current developments to keep readers up-to-date with the latest developments and research in ocean affairs.