Citations


Contact Us

For Marketing, Sales and Subscriptions Inquiries
2637 E Atlantic Blvd #43110
Pompano Beach, FL 33062
USA

Conference List

Scenario Economic Impact Analysis of Offshore Fishing Tournaments in Ocean City

Yeong Nain Chi

Yeong Nain Chi 1

  1. Assistant Professor of Agricultural Economics and Quantitative Methods Department of Agriculture, Food and Resource Sciences University of Maryland Eastern Shore Princess Anne, MD 21853-1299, USA 1

on Google Scholar
on PubMed

Pages: 128-134

DOI: 10.18488/journal.62.2018.55.128.134

Share :

Article History:

Received: 04 June, 2018
Revised: 09 August, 2018
Accepted: 17 September, 2018
Published: 12 October, 2018


Abstract:

This study used scenario analysis to estimate the economic impact of the expenditures of anglers who participated in offshore fishing tournaments in Ocean City, Maryland. The primary purposes of this study were to evaluate impacts on the adjacent areas, to identify potential uses for economic impact information, and to provide justification for investment and support of programs related to the needs of coastal communities and issues related to marine recreational fisheries management. To accomplish this study, the IMPLAN modeling system was employed to calculate the economic impact of offshore fishing tournaments on local and regional economies. Preliminary results using scenario analysis suggested the total economic impact of offshore fishing tournaments in Ocean City could be nearly $2.2 million for Wicomico and Worchester counties. To get this estimate, three different scenarios were considered based on potential expenditure estimate of what each tournament party would spend on lodging, fuel, food, fishing and miscellaneous costs. Using IMPLAN, impact metric categories could be generated including general labor income, job opportunities - employment, and value added. This paper provides the extent to which fishery managers, municipalities, business and private sector stakeholders could benefit from local marine recreational fishing tournaments, and potentially justify investment in infrastructure which supports marine recreational fishing.
Contribution/ Originality
This study uses scenario economic impact analysis to estimate the economic impact of offshore fishing tournaments in Ocean City, Maryland. It provides the extent to fishery managers, municipalities, business and private sector stakeholders could benefit from local marine recreational fishing tournaments, and potentially justify investment in infrastructure which supports marine recreational fishing.

Keywords:

Offshore fishing tournaments, Expenditures, Scenario analysis, Economic impact, IMPLAN.

Reference:


Statistics:

Google Scholor ideas Microsoft Academic Search bing Google Scholor

Funding:

This research entitled “The Economic Impact of Offshore Fishing Tournaments in Ocean City, Maryland” was recommended for funding by the Living Marine Resources Cooperative Science Center Technical Advisory Board, which is supported by the NOAA Educational Partnership Program.

Competing Interests:

The author declares that there are no conflicts of interests regarding the publication of this paper.

Acknowledgement:


Related Article

( 1 ) Scenario Economic Impact Analysis of Offshore Fishing Tournaments in Ocean City
( 2 ) Consideration the Relationship Between Information Communications Technology and Economic Growth in Top 10 Economic
( 3 ) Shifting Global Economic Paradigm
( 4 ) How Telecommunication Development Aids Economic Growth: Evidence from Itu Ict Development Index (IDI) Top Five Countries for African Region
( 5 ) The Prospects of Accounting and Economic Systems in the Era of Global Knowledge Economy
( 6 ) Labor and Economic Growth in Zimbabwe
( 7 ) The Impact of Human Capital on Economic Growth: Evidence from Tunisia Using Star and Stecm Models
( 8 ) Exchange Rate Movements, Import And Economic Growth in Nigeria (1986-2010)
( 9 ) Impact of Food Beverage Price Index and Exchange Rate Volatility on Economic Growth
( 10 ) Long-Run Relationships and Causality Tests Between Military Expenditure and Economic Growth in India
( 11 ) Public Infrastructure Spending and Economic Growth in Nigeria: An Error Correction Mechanism (ECM) Approach
( 12 ) Study of the Relationship between Economic Growth and Inflation: Application to the Countries of the South Side of the Mediterranean: A Panel Data Approach
( 13 ) The Entrepreneurship, Knowledge Spillover and Economic Growth
( 14 ) Corruption’s and Democracy’s Effects on Economic Growth
( 15 ) Relationships between Financial Development and Economic Growth: A New Approach by Inputs
( 16 ) Impact of Microfinance Lending On Economic Growth of Third world Nations: Study of Nigeria
( 17 ) The Role of Information and Communication Technology in Rural Socio-Economic Development in Africa
( 18 ) Dividend Policy Relevancy in Theoretical and Practical Economics
( 19 ) Consideration the Effects of Water Sector Investment on Economic Growth in Iran
( 20 ) Is Brics a Viable Solution for Russia in the Context of the Present Eu’s Economic Sanctions?
( 21 ) Stock Market Performance and Economic Growth: Evidence from Nigeria Employing Vector Error Correction Model Framework
( 22 ) Rural Saving Mobilizations and Economic Development in Akamkpa Local Government Area of Cross River State - Nigeria
( 23 ) Nigerian Politics, Economic Development, and the Role of Human Rights Organisations on Elections
( 24 ) Rural - Urban Balance as a Measure of Socio-Economic Development with Special Reference to Iran
( 25 ) Causal Relationship between Imports and Economic Growth in Zimbabwe: An Empirical Analysis 1975 – 2013
( 26 ) The Effect of Access and Quality of Education on Economic Development in Botswana
( 27 ) Panel Data Analysis of the Impact of Economic Freedom as Well as Economic Conditions, The Quality of Life, and Public Education Spending on U.S. Undocumented Immigrant Settlement Patterns
( 28 ) Dynamics of Inflation, Economic Growth, Money Supply and Exchange Rate in India: Evidence from Multivariate Analysis
( 29 ) Structural Breaks, Electricity Generation and Economic Growth in Nigeria
( 30 ) Comparative Analysis of the Effectiveness of Coub-Douglas, Real Business Cycle, and Keynsian Growth Models in Determining Economic Growth in Nigeria
( 31 ) The Link Between Agricultural Budgetary Allocation and Economic Growth in Nigeria
( 32 ) Financial Deepening, Interest Rate Spread and Economic Growth: New Evidence from Sub-Sahara Africa
( 33 ) China Pakistan Economic Corridor (CPEC): Analysis of Internal and External Challenges
( 34 ) A Case Study of Local Government Implementation of the Ward Based Local Economic Development (LED) Program
( 35 ) Military Regimes and Nigeria’s Economic Development, 1966-1999
( 36 ) An Investigation of the Relationship between Manufacturing Output and Economic Growth : Evidence from Nigerias Data Set
( 38 ) Macroeconomic Indicators and Capital Formation Growth in Nigeria: A New Evidence
( 39 ) An Empirical Investigation into the Key Drivers of Economic Performance in the CEMAC Zone: A Panel Corrected Standard Errors Approach
( 40 ) Disaggregated Foreign Capital Inflows and Economic Growth in a Developing Economy: Empirical Evidence from Nigeria
( 41 ) Impact of Telecommunications Market Liberalization on Labor Productivity in Economic Community of West African States
( 42 ) Assessment of Dual Carriageway for Sustainable Socio-Economic Development in Ado Ekiti, Nigeria
( 43 ) Industrialization and Economic Growth in Sub-Saharan Africa: The Role of Human Capital in Structural Transformation
( 44 ) Does Agricultural Sector Contribute to the Economic Growth in Case of Republic of Benin?
( 45 ) Uncertainties in Global Economic Policy and Nigerias Export Earnings
( 46 ) Public Health Expenditure, Economic Growth and Health Outcomes in Nigeria
( 47 ) External Debt and Economic Growth: Two-Step System GMM Evidence for Sub-Saharan Africa Countries
( 48 ) Impact of Exchange Rate Fluctuation on Selected Economic Sectors of the Nigerian Economy
( 49 ) The Colonialists & Indigenous Exchange Currency: Tracing the Genesis of Socioeconomic Woes in Postcolonial Nigeria
( 50 ) The Transitional Relationship between Economic Growth and Exchange Rate in Ghana: An Empirical Approach
( 51 ) Estimating the Economic Determinants of Technical Efficiency of Bioenergy in EU-28: An Application of Tobit Analysis
( 52 ) The Impact of Military Spending on Economic Wellbeing in Nigeria
( 53 ) The Relationship between Financial Development, Economic Growth, and Inflation: Evidence from Southeast Asia
( 54 ) German Exports, Economic Growth and Foreign Demand: An Analysis of the Period 2000–2017
( 55 ) Does External Borrowing Affect Economic Growth? A Revisit of the Age-Long Debate for Nigeria
( 56 ) Nexus between Non-Oil Sectoral Contribution and Economic Growth in Nigeria 1981-2018
( 57 ) Management of The CFA Franc: What are the Fundamentals of the Real Exchange Rate in West African Economic and Monetary Union (WAEMU)?
( 58 ) Investigating the Environmental Effects of Economic Growth in African Economies
( 59 ) Analysis of Causal Nexus between Defense Spending and Economic Growth in Nigeria: A Toda-Yamamoto Approach
( 60 ) The Impact of Social Media on Economic Growth: Empirical Evidence of Facebook, YouTube, Twitter and Pinterest
( 61 ) The Impact of Economic Growth, Oil Price, and Financial Globalization Uncertainty on Financial Development: Evidence from Selected Leading African Countries
( 62 ) The Effects of Macroeconomic Variables on Bank Default: A Case Study in Brazil
( 63 ) Deficit Financing Asymmetry and Nigerias Economic Growth: A Nonlinear Autoregressive Distributed Lag Approach
( 64 ) Impact of Savings on Economic Growth in Africa
( 65 ) Does Corruption Grease or Sand the Wheels of Economic Growth in Ghana? An ARDL Bounds Test
( 66 ) Fiscal Decentralization and Economic Growth: Assessing Public Policy in Ukraine
( 67 ) Socioeconomic Environment and Obesity on the US West and East Coasts
( 68 ) Human Capital and Economic Growth in Latin America: A Cointegration and Causality Analysis
( 69 ) An Empirical Investigation of the Impact of FDI, Export and Gross Domestic Savings on the Economic Growth in Bangladesh
( 70 ) Exploring the Linkages between Remittances, Economic Growth and Poverty: Empirical Evidence from Pakistan
( 71 ) Impact of Labour, Capital and Human Resources in Productivity of Transport Firms in Nigeria
( 72 ) The Impact of Investment Climate Reforms on the Development of Small and Medium Sized Enterprises in Nigeria: A Policy Brief
( 76 ) The Impact of Rice Production, Consumption and Importation in Nigeria: The Political Economy Perspectives
( 77 ) The Impact of Dividend Policy on Shareholders’ Wealth before and After Financial Melt down: Evidence from FMCG Sector in India
( 78 ) Factors Impacting on SMEs Internationalization: Dairy Industry in Zimbabwe
( 79 ) The Life-Time of Tomorrow Party of Japan and Its Negative Impacts on the Anti-Nuclear Movements in Japan’s Politics
( 80 ) An Assessment of the Impact of Information Communication Technology (ICT) On the Administration of Public Records: A Case Study of the Bolgatanga Municipal Assembly in the Upper East Region of Ghana-West Africa
( 81 ) Impact of Inflation on Per Capita Income in Emerging Economies: Evidence from BRICS Nations
( 82 ) The Impact of the Global Financial Crisis on the Debt, Liquidity, Growth, and Volume of Companies in Palestine Stock Exchange
( 83 ) The Impact of the Decline in Oil Prices in Latin America
( 84 ) Measuring the Quality of Islamic Banks Services and Its Impact on Customers Satisfaction A Survey Study on the Islamic Banks Customers in Lattakia-Syria
( 85 ) The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure
( 86 ) Impact of FDI on Environmental Quality of China
( 88 ) The Role of Social Entrepreneurship in Pakistan and its Impact on Economy
( 91 ) Impact of Participatory Decision Making on Organisational Goal Attainment
( 92 ) The Impact of Organisational Culture on Public Sector Performance: A Case Study of Local Authorities in Zimbabwe
( 93 ) An Empirical Assessment of the Impact of Access to Credit on Farm Output: A Case Study of Sefwi-Wiawso Municipality Ghana
( 94 ) An Investigation of the Impact of Organisational Structure on Organisational Performance
( 96 ) Impact of Asymmetric Government Spending on Real Balances Demand
( 97 ) Investigating the Impact of Business Alignment on Job Gratification in an Organization: The Case of a University in Egypt
( 98 ) Impact of Network Finance Development on Inflation: Evidence from Chinese Market
( 100 ) Determinant of MSMEs Performance and its Impact on Province GRDP in Indonesia
( 101 ) Determinants of Financial Performance and its Impact on the Growth of Islamic Bank Assets on Indonesia
( 102 ) The Impact of Land Price Movements on the Properties in Croatia
( 106 ) An Empirical Analysis of the Impact of Decentralization on Poverty in Cameroon
( 107 ) The Impact of Merger and Acquisition on the Financial Performance of the Nasdaq Listed Small Size Technology Companies
( 109 ) The Impact of Data Frequency on the Level of Exchange Rate Pass-through to Consumer Prices in Nigeria
( 110 ) New Evidence on the Link Between Income Inequality and Misery Index: A Nonlinear Time Series Analysis
( 111 ) Geographical Starting Points the Analysis of Current Rural Problems in Montenegro: Case Study of Rural Local Community Kralje
( 112 ) Institutionalising and Mainstreaming Policy Analysis Culture in African Environments
( 113 ) Profit And Loss Sharing As an Offshoot for Bank Stability: A Comparative Analysis
( 114 ) The Effect of Selected Financial Ratios on Profitability: An Empirical Analysis of Listed Firms of Cement Sector in Saudi Arabia
( 115 ) Benefit-Cost Analysis of Alternative Insect Pests Management in Cashew and Mango Orchards in Tanzania
( 116 ) Comparative Analysis of Technical Efficiency of Milk Production Systems in Uasin Gishu County of Kenya
( 117 ) An Analysis of Purchase Behavior of Generation Y in Kenya
( 118 ) Dynamic Analysis of Competitive Technology Innovation Diffusion Model
( 120 ) Measuring Efficiency in Banks: A Brief Survey on Non – Parametric Technique (Data Envelopment Analysis)
( 121 ) A Theoretical Analysis Upon the Environmental Health and Justice Issue: A Case Study for a Comparison Between G20s Unitary and Federal Members
( 122 ) Decoupling Analysis of Bulgaria’s Agriculture
( 123 ) A Factor Analysis Approach Towards a Study of the Factors Affecting Students’ Choice of Higher Education Institution: A Case Study of a Private Institution (Twintech International University College of Technology)
( 126 ) Purchasing Power Parity Hold in Major SAARC Countries? Panel Cointegration Analysis
( 127 ) Specifying Quality of Governance in Transition Economies with Cluster Analysis
( 128 ) Effect of Budget Defict on Private Investment in East African Community for the Period 1981-2015: A Panel Data Analysis
( 131 ) The Effects of Exchange Rate Variability on Trade Flows in Nigeria: A Cointegration Analysis
( 132 ) Social Protection Programmes, Agricultural Production and Youth Employment in Nigeria: Analysis from LSMS-ISA
( 134 ) An Analysis of Chinas Poverty Research Based on CiteSpace
( 135 ) Dutch Disease: Myth or Reality? An Analysis of the ARDL Model
( 136 ) Analysis of the Effects of Pull and Push Factors on Brain Drain: An Example of Turkey
( 137 ) Analysis of Environmental Factors Affecting Manufacturing Small and Medium-Size Enterprises in Kogi State Nigeria
( 139 ) Problems of Bilateral Trade Deficit between Bangladesh and India: A 2SLS Regression Analysis
( 140 ) Analysis of Effect of Profitability, Capital, Risk Financing, the Sharia Supervisory Board and Capabilities Zakat in Islamic Perspective with Circular Approach Causastion on Islamic Banks in Indonesia
( 141 ) Incidence of Short Term Private Capital Outflow: Empirical Analysis in Nigeria