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

Cilt: 43 Sayı: 3 26 Temmuz 2026
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The impact of blue economy components on economic growth: Evidence from fisheries and aquaculture in ASEAN-5 countries

Öz

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.

Anahtar Kelimeler

Kaynakça

  1. Abila, R.O. (2003). Fish trade and food security: are they reconcilable in Lake Victoria. FAO Fisheries Report, (708), 128 152. https://www.fao.org/4/y4961e/y4961e0d.htm
  2. Ahammed, S., Rana, M.M., Uddin, H., Majumder, S.C., & Shaha, S. (2025). Impact of blue economy factors on the sustainable economic growth of China. Environment, Development and Sustainability, 27, 12625-12652. https://doi.org/10.1007/s10668-023-04411-6
  3. Alharthi, M., & Hanif, I. (2020). Impact of blue economy factors on economic growth in the SAARC countries. Maritime Business Review, 5(3), 253-269. https://doi.org/10.1108/MABR-01-2020-0006
  4. Alsaleh, M., & Wang, X. (2024). Aquaculture growth and coastal tourism development in the context sustainable blue economy. Sustainable Development, 33(2), 2030-2046. https://doi.org/10.1002/sd.3224
  5. Bădîrcea, R.M., Manta, A.G., Florea, N.M., Puiu, S., Manta, L.F., & Doran, M.D. (2021). Connecting blue economy and economic growth to climate change: Evidence from European Union countries. Energies, 14(15), 4600. https://doi.org/10.3390/en14154600
  6. Bennett, N.J., Cisneros-Montemayor, A.M., Blythe, J., Silver, J.J., Singh, G., Andrews, N., Calò, A., Christie, P., Di Franco, A., Finkbeiner, E.M., Gelcich, S., Guidetti, P., Harper, S., Hotte, N., Kittinger, J. N., Le Billon, P., Lister, J., López de la Lama, R., McKinley, … & Sumaila, U.R. (2019). Towards a sustainable and equitable blue economy. Nature Sustainability, 2(11), 991 993. https://doi.org/10.1038/s41893 019 0404-1
  7. Breusch, T.S., & Pagan, A.R. (1980). The lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253. https://www.jstor.org/stable/2297111
  8. Chakila, E., Kongolo, M., & Wainyaragania, K.A. (2025). The effect of blue economy elements on economics growth in Tanzania. Journal of Economics & Development, 1(1), 28-39.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Sucul Kültür, Sucul Kültür ve Balıkçılık (Diğer)

Bölüm

Araştırma Makalesi

Yazarlar

Yayımlanma Tarihi

26 Temmuz 2026

Gönderilme Tarihi

1 Nisan 2026

Kabul Tarihi

9 Temmuz 2026

Yayımlandığı Sayı

Yıl 2026 Cilt: 43 Sayı: 3

DOI

https://doi.org/10.12714/egejfas.43.3.14

IZ

https://izlik.org/JA82DA26KU

Kaynak Göster

RIS / Bibtex
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 (01 Temmuz 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, c. 43, sy 3, ss. 298–306, Tem. 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 (01 Temmuz 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, c. 43, sy 3, Temmuz 2026, ss. 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. 01 Temmuz 2026;43(3):298-306. doi:10.12714/egejfas.43.3.14