The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy
Expansion and development of the fisheries sector was the driving force behind Iceland’s economic transformation during the 20th century. However, the role of fisheries in national and regional economies is neither well documented nor understood. National accounts do not fully reflect the significan...
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ftrepec:oai:RePEc:eee:marpol:v:39:y:2013:i:c:p:154-161 2024-04-14T08:13:34+00:00 The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy Sigfusson, Thor Arnason, Ragnar Morrissey, Karyn http://www.sciencedirect.com/science/article/pii/S0308597X1200214X unknown http://www.sciencedirect.com/science/article/pii/S0308597X1200214X article ftrepec 2024-03-19T10:27:34Z Expansion and development of the fisheries sector was the driving force behind Iceland’s economic transformation during the 20th century. However, the role of fisheries in national and regional economies is neither well documented nor understood. National accounts do not fully reflect the significant part played by the fisheries as they do not take into consideration the various ways economic activity in the fisheries sector affects other branches of the economy. The fisheries sector, which includes fishing and fish processing, has been established as a base industry within the Icelandic economy. Using data collected during 2010 and 2011 and cluster analysis techniques, this paper seeks to establish the economic importance of the fishing industry in Iceland. As a base industry, this paper finds that a wide range of companies have gradually developed to service the sector and through these interlinkages, the fisheries sector and its related operations can be viewed as an industry cluster. Fisheries cluster; Economic mapping; Micro-level; Direct and indirect economic contribution; Iceland; Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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description |
Expansion and development of the fisheries sector was the driving force behind Iceland’s economic transformation during the 20th century. However, the role of fisheries in national and regional economies is neither well documented nor understood. National accounts do not fully reflect the significant part played by the fisheries as they do not take into consideration the various ways economic activity in the fisheries sector affects other branches of the economy. The fisheries sector, which includes fishing and fish processing, has been established as a base industry within the Icelandic economy. Using data collected during 2010 and 2011 and cluster analysis techniques, this paper seeks to establish the economic importance of the fishing industry in Iceland. As a base industry, this paper finds that a wide range of companies have gradually developed to service the sector and through these interlinkages, the fisheries sector and its related operations can be viewed as an industry cluster. Fisheries cluster; Economic mapping; Micro-level; Direct and indirect economic contribution; Iceland; |
format |
Article in Journal/Newspaper |
author |
Sigfusson, Thor Arnason, Ragnar Morrissey, Karyn |
spellingShingle |
Sigfusson, Thor Arnason, Ragnar Morrissey, Karyn The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy |
author_facet |
Sigfusson, Thor Arnason, Ragnar Morrissey, Karyn |
author_sort |
Sigfusson, Thor |
title |
The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy |
title_short |
The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy |
title_full |
The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy |
title_fullStr |
The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy |
title_full_unstemmed |
The economic importance of the Icelandic fisheries cluster—Understanding the role of fisheries in a small economy |
title_sort |
economic importance of the icelandic fisheries cluster—understanding the role of fisheries in a small economy |
url |
http://www.sciencedirect.com/science/article/pii/S0308597X1200214X |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://www.sciencedirect.com/science/article/pii/S0308597X1200214X |
_version_ |
1796311575581163520 |