Abstract
Controversies surrounding fishery subsidy policies are widespread. Many stakeholders believe that fishery subsidies play an important role in ensuring the livelihood of fishermen. At the same time, fishery subsidies pose a threat to the stock of fishery resources and affect the sustainable development of fisheries. Based on the panel data of 30 provinces, municipalities, and autonomous regions in China from 2007 to 2017, the article empirically examines the influence of fishery subsidies on fishing. The results of the study show that China′s fishery subsidies are negatively correlated with fishing. On average, for each 1% increase in fishery subsidies, fishing will decrease by 2.9%. That is to say, in general, fishery subsidies are conducive to the sustainable development of fisheries. The results of heterogeneity analysis based on geographic location and economic development level show that fishery subsidies do not have a palpable negative influence on fishing in coastal areas or developed regions, whereas have an obvious adverse influence on fishing in inland areas or underdeveloped regions. The deterioration of the fishing environment and the natural environment explains the occurrence of this differentiation.
Highlights
With the continuous improvement of people s living standards, the demand for aquatic products is increasing, which has brought huge pressure on the supply of aquatic products, followed by the continuous fishing of fishery resources [1]
According to the report of the Finance and Economics Committee of the National People s Congress of China, the current fishing volume of marine aquatic products in China is about 14 million tons per year, and 85.7% of the fishing volume occurs in coastal waters, which poses a serious threat to the sustainable development of China s fishery resources [6]
The results show that the influence of fishery subsidies on fishing was negative and passed the test at the significance level of 1%, indicating that the fishery subsidies implemented by China did not lead to an increase in fishery catch, but reduced it
Summary
With the continuous improvement of people s living standards, the demand for aquatic products is increasing, which has brought huge pressure on the supply of aquatic products, followed by the continuous fishing of fishery resources [1]. Fishery subsidies reduce the cost of the fishers fishing activities and increase its profits while the price of aquatic products remains unchanged, which will encourage fishers to carry out more fishing activities, eventually contributing to overfishing and exacerbating the “tragedy of the commons” [12]. In this way, does China s fishery subsidy activities really result in an increase in fishing activities? Does China s fishery subsidy activities really result in an increase in fishing activities? Due to the complexity of China s institutional environment, the answer to this question may not be implemented through theoretical predictions, and further empirical testing based on data is needed
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