Economic Impacts of the U.S. Gulf of Mexico Recreational For-Hire Fishing Industry

Abstract

IMPLAN Version 3.0 was used with a 2008 IMPLAN data package to estimate the economic impacts of the recreational for-hire (RFH) fishing industry in the U.S. Gulf of Mexico (GOM). Initial, direct, indirect, and induced impacts were estimated. Impacts were estimated for head, charter, and guide boat operations for Texas, Louisiana, Mississippi, and Alabama (combined), and West Florida as individual state models, while introducing multiregional spillover effects that account for regional linkages between states. These updated data are necessary to meet national standards set forth by the Magnuson-Stevens Act, such that social and economic ramifications of proposed federal fishing regulations in the GOM can be made part of the overall decision- and policymaking process. © 2014 Copyright Taylor and Francis Group, LLC.