Research Article

The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries

Volume: 43 Number: 3 July 26, 2026
EN TR

The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries

Abstract

This study investigates the effects of the fisheries and aquaculture sectors, two key components of the blue economy, on economic performance in ASEAN-5 countries over the period 2000–2023 using panel data methods. The existence of a long-run relationship among the variables is examined through the Westerlund and Edgerton panel LM bootstrap cointegration test, while long-run coefficients are estimated using the Common Correlated Effects (CCE) estimator developed by Pesaran (2006). The empirical findings reveal that fisheries production exerts a positive and statistically significant impact on economic growth. In contrast, aquaculture production does not exhibit a statistically significant effect at the panel level. Furthermore, gross fixed capital formation is identified as an important driver of long-run economic development. The results indicate that fisheries activities and capital accumulation make a substantial contribution to growth dynamics within the blue economy framework. By providing sector specific evidence for ASEAN-5 countries, the study contributes to the literature on the blue economy and offers policy-relevant insights for promoting sustainable fisheries development and regional prosperity.

Keywords

References

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Details

Primary Language

English

Subjects

Aquaculture, Aquaculture and Fisheries (Other)

Journal Section

Research Article

Publication Date

July 26, 2026

Submission Date

April 1, 2026

Acceptance Date

July 9, 2026

Published in Issue

Year 2026 Volume: 43 Number: 3

APA
Atılgan, D. (2026). The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries. Ege Journal of Fisheries and Aquatic Sciences, 43(3), 298-306. https://doi.org/10.12714/egejfas.43.3.14
AMA
1.Atılgan D. The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries. EgeJFAS. 2026;43(3):298-306. doi:10.12714/egejfas.43.3.14
Chicago
Atılgan, Dilek. 2026. “The Impact of Blue Economy Components on Economic Growth: Evidence from Fisheries and Aquaculture in ASEAN-5 Countries”. Ege Journal of Fisheries and Aquatic Sciences 43 (3): 298-306. https://doi.org/10.12714/egejfas.43.3.14.
EndNote
Atılgan D (July 1, 2026) The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries. Ege Journal of Fisheries and Aquatic Sciences 43 3 298–306.
IEEE
[1]D. Atılgan, “The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries”, EgeJFAS, vol. 43, no. 3, pp. 298–306, July 2026, doi: 10.12714/egejfas.43.3.14.
ISNAD
Atılgan, Dilek. “The Impact of Blue Economy Components on Economic Growth: Evidence from Fisheries and Aquaculture in ASEAN-5 Countries”. Ege Journal of Fisheries and Aquatic Sciences 43/3 (July 1, 2026): 298-306. https://doi.org/10.12714/egejfas.43.3.14.
JAMA
1.Atılgan D. The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries. EgeJFAS. 2026;43:298–306.
MLA
Atılgan, Dilek. “The Impact of Blue Economy Components on Economic Growth: Evidence from Fisheries and Aquaculture in ASEAN-5 Countries”. Ege Journal of Fisheries and Aquatic Sciences, vol. 43, no. 3, July 2026, pp. 298-06, doi:10.12714/egejfas.43.3.14.
Vancouver
1.Dilek Atılgan. The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries. EgeJFAS. 2026 Jul. 1;43(3):298-306. doi:10.12714/egejfas.43.3.14