Measuring the initial economic effects of hurricanes on commercial fish production: The US Gulf of Mexico grouper (Serranidae) fishery

Daniel Solís, Larry Perruso, Julio del Corral, Brent Stoffle, David Letson

Research output: Contribution to journalArticle

8 Scopus citations

Abstract

A stochastic production frontier was used to measure the initial (i. e., bi-weekly) economic effects of hurricanes on commercial grouper (Serranidae) production in the Exclusive Economic Zone of the United States Gulf of Mexico from 2005 to 2009. We estimated the economic effects of productivity losses associated with specific hurricanes on the commercial grouper fleet. We also calculated the economic effects due to productivity losses during an entire hurricane season at the regional level. The empirical model controls for input levels as well as other factors affecting production to isolate the initial economic effect caused by hurricanes from other non-weather-related factors. The empirical results revealed that hurricanes striking the Gulf of Mexico coastline from 2005 to 2009 had a negative effect on the production of the commercial grouper fleet. The results also demonstrated the relative importance of inputs and regulations on fish production.

Original languageEnglish (US)
Pages (from-to)271-289
Number of pages19
JournalNatural Hazards
Volume66
Issue number2
DOIs
StatePublished - Jan 1 2013

Keywords

  • Commercial fisheries
  • Economic damage
  • Hurricanes
  • Stochastic production frontier
  • US Gulf of Mexico

ASJC Scopus subject areas

  • Water Science and Technology
  • Atmospheric Science
  • Earth and Planetary Sciences (miscellaneous)

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