Table 1 Effects of stock rebuilding—10% cut in TAC
Year 1 | Year 15 | Year 30 | |
|---|---|---|---|
Economic effects for mackerel sector (% of pre-policy level) | |||
Stock | 0.0 | 75.7 | 75.4 |
Harvest | −10.0 | 21.1 | 21.1 |
Fish price | 1.5 | −2.5 | −2.5 |
Rent | 63.2 | 215.1 | 214.2 |
Effort | −17.3 | −5.8 | −5.7 |
Value-added | −3.8 | 31.4 | 31.3 |
Domestic exports | −13.3 | 28.7 | 28.7 |
Foreign exports | −15.1 | 33.8 | 33.8 |
Domestic imports | 7.8 | −12.6 | −12.6 |
Foreign imports | 0.4 | −0.5 | −0.5 |
Aggregate welfare change | |||
In million KRW | −4199.0 | 21,903.0 | 21,862.4 |
As % of pre-policy level | −0.008 | 0.04 | 0.04 |
