Estimating the Economic Impact of the Wild Shrimp, Penaeus sp., Fishery: A Study of Terrebonne Parish, Louisiana
Two approaches are used to estimate the economic impact of domestic wild shrimp, Penaeus sp., fishing in Terrebonne Parish, Louisiana. A 2002 survey of commercial shrimp fishermen in the Parish yields information on sales andoperating costs, and results are used to estimate a 1-yr sales effect in the Parish of $36.7 to $128.1 million due to shrimp fishing. In addition, 2001 shrimp ticket salesdata ($49.9 million) are input into a REMI (Regional Economic Models, Inc.) model built for the 4-parish bayou region of Louisiana. The REMI model forecasts a year 1reduction in gross regional product (GRP) of $45.9 million in the 4-parish area if the shrimp fishing industry were to disappear in Terrebonne Parish, and an 8-yr cumulativenegative impact on GRP in the bayou region of $191.3 million. Study limitations and suggestions for future research are included.
| Main Authors: | , , |
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| Format: | article biblioteca |
| Language: | English |
| Published: |
2005
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| Subjects: | Ecology, Fisheries, Management, |
| Online Access: | http://hdl.handle.net/1834/26331 |
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