Abstract
The European Union (EU) launched the Common Fisheries Policy (CFP) in the 1970s. Currently, a large part of the CFP has been financed with the European Maritime and Fisheries Fund (FEMP). This research aims to determine whether there is a high degree of homogeneity in the levels of efficiency achieved by the fishing projects financed by European Funds for the period 2014 to 2020. The Data Envelopment Analysis (DEA) methodology was adopted. The main results showed that there is a high degree of heterogeneity in the level of efficiency achieved by European countries during the analyzed period. Moreover, despite the fact that regional efficiency has been increasing during the years under study, territorial disparities persist over time. This research provides a contribution for policymakers targeting better use of the FEMP funds for the upcoming funding package 2021–2027.
Highlights
The Common Fisheries Policy (CFP) was created aimed at the regulation of the conservation, management, and exploitation of living aquatic resources
In the case of the FEMP, the projects that are approved must have, in general, a co-financing of the member countries that amounts to 75%. Based on this process of distribution of European Funds among the countries, this research has a goal to determine whether there is a high degree of homogeneity in the levels of efficiency achieved by the fishing projects financed by European Funds for the period 2014 to 2020
This research aimed to determine if there is a high degree of homogeneity in the levels of efficiency achieved by the European countries analyzed in the management of fishing projects financed with the FEMP
Summary
The Common Fisheries Policy (CFP) was created aimed at the regulation of the conservation, management, and exploitation of living aquatic resources. The CFP aims to guarantee the stability of the income and jobs of fishermen in the European Union (EU), in a worrying situation of a decrease in catches as a consequence of the decrease in the fish population This policy attempts to achieve the always difficult balance between the economic aspirations of the fishing sector and environmental sustainability. This balance is necessary and essential to ensure the economic viability for fishermen and their regions in the medium and long term [1,2,3,4].
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