Blue economy and economic development: The function of aquaculture and capture fisheries in Next-11 nations
Abstract
Capture fisheries and aquaculture are sectors that provide important benefits and support for the economic development of the countries. Especially for developing countries, these sub-sectors of blue economy are of great importance. The aim of the study is to investigate the impact of capture fisheries and aquaculture sector on economic development in the Next 11 countries for the period from 1990 to 2022.To achieve this goal, we use the novel Method of Moments Quantile Regression (MMQR) approach. The Driscoll-Kraay estimator was also used in the research to test for robustness. The influence of trade openness, energy use, total labor force participation rate, and value added in forestry, agriculture, and fishery (as a percentage of GDP) on economic development in the Next-11 nations was also examined. According to an examination of the study's MMQR findings, aquaculture and capture fisheries have a positive impact on economic development across all quantiles. The research also found that although trade openness and value added in forestry, agriculture, and fisheries (as a percentage of GDP) decrease economic development, labor force participation rate and energy use in the Next-11 nations increase economic development. Additionally, the robustness test results support these findings. We provide policy suggestions based on our results.
Keywords
Ethical Statement
References
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Details
Primary Language
English
Subjects
Pisciculture
Journal Section
Research Article
Authors
Asım Çoban
0000-0002-7860-7561
Türkiye
Ömer Faruk Biçen
0000-0003-1021-5198
Türkiye
Fatih Yeter
0000-0001-8769-9122
Türkiye
Ayşe Ölmez
0000-0001-5815-4254
Türkiye
Publication Date
March 31, 2026
Submission Date
January 1, 2026
Acceptance Date
March 18, 2026
Published in Issue
Year 1970 Volume: 43 Number: 2