From Monterey to Galway: Evolution of the Oceans in National Income Accounts

Stephen Hynes,Charles S Colgan

doi:10.15351/2373-8456.1153

Abstract

This paper provides an introduction and overview of selected papers from the 5th International Symposium on the Oceans in National Income Accounts organized by the Socio-Economics Marine Research Unit at the National University of Ireland Galway in March 2021. Eleven papers drawn from the symposium are included in this volume. The papers cover the current status of defining the ocean economy within national accounts, the expansion of ocean accounting to include environmental economic values, and methodological tools to assist the integration.

Highlights

Follow this and additional works at: https://cbe.miis.edu/joce Part of the Environmental Studies Commons, Industrial Organization Commons, and the Public
In 2015, the Center for the Blue Economy (CBE) of the Middlebury Institute of International Studies at Monterey (California) convened a meeting of invited experts from governments, international organizations, and academic institutions to explore ways in which the economic values of oceans and marine resources could be incorporated into national income accounts (Colgan, 2015)
While the standard system of national accounting provides a means for measuring progress in terms of the sustainable development of the ocean economy, discussions at the symposium indicated that ocean accounting requires expansion to adequately cover marine related household produced services and the role of ocean natural capital

Summary

Introduction

Follow this and additional works at: https://cbe.miis.edu/joce Part of the Environmental Studies Commons, Industrial Organization Commons, and the Public. In 2015, the Center for the Blue Economy (CBE) of the Middlebury Institute of International Studies at Monterey (California) convened a meeting of invited experts from governments, international organizations, and academic institutions to explore ways in which the economic values of oceans and marine resources could be incorporated into national income accounts (Colgan, 2015).

Results

Conclusion