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Productivity in Global Aquaculture

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Handbook of Production Economics

Abstract

This chapter provides insights on productivity in aquaculture based on production economic studies of several farmed species in different countries. We first survey studies of bioeconomic modeling of aquaculture production, and the farmer’s optimization problem. Next, we look at empirical studies of productivity and efficiency. Aquaculture is an industry with considerable production and price risk, and we survey econometric studies which estimate the structure of risk and farmers’ risk preferences and behavior. Studies of relationships between productivity and environmental factors, which are today one of the main barriers for further production growth, are discussed separately. We also present studies of agglomeration economies in aquaculture, including economies and diseconomies of geographic farm density. Finally, we discuss the challenge of growing aquaculture sustainably through productivity growth and lower external environmental footprints.

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Notes

  1. 1.

    Recently, nonparametric SF models have been developed to avoid this problem. See Parmeter et al. [95], Zhou, Wang, and Kumbhakar (2020), and references in there.

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Authors and Affiliations

  1. School of Forest, Fisheries and Geomatics Sciences, Institute for Sustainable Food Systems and Fisheries and Aquatic Sciences, University of Florida, Gainesville, FL, USA

    Frank Asche

  2. UiS Business School, University of Stavanger, Stavanger, Norway

    Ruth Beatriz Mezzalira Pincinato & Ragnar Tveteras

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  1. Frank Asche
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  2. Ruth Beatriz Mezzalira Pincinato
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  3. Ragnar Tveteras
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Correspondence to Ragnar Tveteras .

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Editors and Affiliations

  1. Department of Economics, University of Connecticut, Storrs, CT, USA

    Subhash C. Ray

  2. Department of Agricultural and Resource Economics, University of Maryland, College Park, MD, USA

    Robert G. Chambers

  3. Department of Economics, Binghamton University, Binghamton, NY, USA

    Subal C. Kumbhakar

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Asche, F., Pincinato, R.B., Tveteras, R. (2022). Productivity in Global Aquaculture. In: Ray, S.C., Chambers, R.G., Kumbhakar, S.C. (eds) Handbook of Production Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-3455-8_41

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