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Benguela Current Large Marine Ecosystem (BCLME) Project LMR/CF/03/07

Project objectives

The specific objective of project LMR/CF/03/07 is to determine the optimal harvesting ratio between trawled and longlined hake in order to extract maximum socio-economic value from these resources, and at the same time ensure long-term sustainability of hake stocks in the BCLME.

Sumaila, U.R., Suatoni, E. (2005) Fish Economics: The Benefits of Rebuilding U.S. Ocean Fish Populations. Fisheries Economics Research Unit.

U.S. fish stocks are a valuable natural resource that provides a wealth of environmental and economic benefits. This paper determines the discounted flow of net benefits (net present value or NPV) that can be derived by the commercial and 26 recreational sectors from rebuilding 17 different overfished stocks from around the United States.