Valuing fisheries depreciation in natural resource accounting
In this paper, an approach based on the net present value method is used to account for the changes in the value of fisheries resources. Changes in the value of fisheries resources can occur between successive years' catch as well as between current and optimal levels of catch. These changes ne...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer Science and Business Media LLC
2000
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/115210/ http://psasir.upm.edu.my/id/eprint/115210/1/115210.pdf |
| _version_ | 1848866715335655424 |
|---|---|
| author | Tai, Shzee Yew Noh, Kusairi Mohd Abdullah, Nik Mustapha Raja |
| author_facet | Tai, Shzee Yew Noh, Kusairi Mohd Abdullah, Nik Mustapha Raja |
| author_sort | Tai, Shzee Yew |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | In this paper, an approach based on the net present value method is used to account for the changes in the value of fisheries resources. Changes in the value of fisheries resources can occur between successive years' catch as well as between current and optimal levels of catch. These changes need to be accounted for in the national accounting system to reflect the 'true' net national income that is sustainable. The approach outlined in this paper is desirable as it allows the estimation of the depreciation value of fisheries resource with limited biological information. The application of the approach to the pelagic fisheries in Northeast Peninsular Malaysia (NEPM) showed that the resource depreciated in value over most years from 1982 to 1993. These depreciations correspond to increased fishing effort. In addition, pelagic catches in NEPM from 1982 to 1993 were lower than the optimal levels of catch due to overfishing. Thus policies aimed at reducing fishing effort can provide improvement in both the potentially higher capital values of the fishery resource and the earning potentials of the fishing industry in NEPM. |
| first_indexed | 2025-11-15T14:25:00Z |
| format | Article |
| id | upm-115210 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:25:00Z |
| publishDate | 2000 |
| publisher | Springer Science and Business Media LLC |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1152102025-02-26T03:47:34Z http://psasir.upm.edu.my/id/eprint/115210/ Valuing fisheries depreciation in natural resource accounting Tai, Shzee Yew Noh, Kusairi Mohd Abdullah, Nik Mustapha Raja In this paper, an approach based on the net present value method is used to account for the changes in the value of fisheries resources. Changes in the value of fisheries resources can occur between successive years' catch as well as between current and optimal levels of catch. These changes need to be accounted for in the national accounting system to reflect the 'true' net national income that is sustainable. The approach outlined in this paper is desirable as it allows the estimation of the depreciation value of fisheries resource with limited biological information. The application of the approach to the pelagic fisheries in Northeast Peninsular Malaysia (NEPM) showed that the resource depreciated in value over most years from 1982 to 1993. These depreciations correspond to increased fishing effort. In addition, pelagic catches in NEPM from 1982 to 1993 were lower than the optimal levels of catch due to overfishing. Thus policies aimed at reducing fishing effort can provide improvement in both the potentially higher capital values of the fishery resource and the earning potentials of the fishing industry in NEPM. Springer Science and Business Media LLC 2000 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/115210/1/115210.pdf Tai, Shzee Yew and Noh, Kusairi Mohd and Abdullah, Nik Mustapha Raja (2000) Valuing fisheries depreciation in natural resource accounting. Environmental and Resource Economics, 15 (3). pp. 227-241. ISSN 0924-6460 https://link.springer.com/article/10.1023/A:1008352730330?error=cookies_not_supported&code=b9d11df8-82f7-4dae-a10a-dc52b30a5670 10.1023/A:1008352730330 |
| spellingShingle | Tai, Shzee Yew Noh, Kusairi Mohd Abdullah, Nik Mustapha Raja Valuing fisheries depreciation in natural resource accounting |
| title | Valuing fisheries depreciation in natural resource accounting |
| title_full | Valuing fisheries depreciation in natural resource accounting |
| title_fullStr | Valuing fisheries depreciation in natural resource accounting |
| title_full_unstemmed | Valuing fisheries depreciation in natural resource accounting |
| title_short | Valuing fisheries depreciation in natural resource accounting |
| title_sort | valuing fisheries depreciation in natural resource accounting |
| url | http://psasir.upm.edu.my/id/eprint/115210/ http://psasir.upm.edu.my/id/eprint/115210/ http://psasir.upm.edu.my/id/eprint/115210/ http://psasir.upm.edu.my/id/eprint/115210/1/115210.pdf |