Purpose and Scope
The PIFSC Economics Program conducts economics monitoring and research in support of living marine resources conservation and management in the NOAA Fisheries Pacific Islands Region. Studies are conducted in all areas of the Region, including American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, and Hawaii.
The program conducts many kinds of studies to meet economic information needs:
- development of key economic indicators and statistics for fisheries and other marine ecosystem services
- modeling and analysis of economic systems
- evaluation of economic implications and impacts of alternative management policies and regulatory measures for fisheries and other ecosystem services
- other studies in support of management information needs
The research produces a variety of outputs, including peer-reviewed publications, advisory reports, data summaries, economic indicators, and other products.
The program's research studies are organized into several broad themes:
Economic Performance of Commercial Fisheries
A key objective of the Economics Program is to monitor the economic performance of commercial fisheries. Research is focused on long-term collection and analysis of fishery statistics, periodic market surveys, cost-earnings surveys, and other studies.
Market Dynamics and Consumer Preferences
An improved understanding of the commercial fishery sector is being fostered through studies of fish supply and demand, consumer choices and behavior, and other market forces.
Economics of Recreational Fisheries and Ecotourism
Increased attention is being devoted to the understanding the economic contributions of shore-based and boat-based recreational fisheries and marine ecotourism enterprises.
Economic Analysis of Management Options
Several studies have been undertaken to assess the economic implications of alternative management policies and provide managers with a broader foundation for sound management decisions.