Development of an integrated economic and ecological framework for ecosystem-based fisheries management in New England

We present an integrated economic-ecological framework designed to help assess the implementation of ecosystem-based fisheries management (EBFM) in New England. We develop the framework by linking a computable general equilibrium (CGE) model of a coastal economy to an end-to-end (E2E) model of a marine food web for Georges Bank. We focus on the New England region using coastal county economic data for a restricted set of industry sectors and marine ecological data for three top level trophic feeding guilds: planktivores, benthivores, and piscivores. We undertake numerical simulations to model the welfare effects of changes in alternative combinations of yields from feeding guilds and alternative manifestations of biological productivity. We estimate the economic and distributional effects of these alternative simulations across a range of consumer income levels. This framework could be used to extend existing methodologies for assessing the impacts on human communities of groundfish stock rebuilding strategies, such as those expected through the implementation of the sector management program in the US northeast fishery. We discuss other possible applications of and modifications and limitations to the framework.

► Integrated economic-ecological framework developed for marine fisheries on Georges Bank, New England.
► End-to end marine food web model is coupled to an economic computable general equilibrium model.
► Framework used to assess the economic impacts on human communities of alternative ecosystem states.
► Social welfare effects of changes in biological productivity and fishery yields are estimated.
► Welfare effects vary across ecosystem states and are distributed unevenly among households.