Using input–output methods to assess the effects of fishing and aquaculture on a regional economy: The case of Galicia, Spain

Abstract

This paper uses an input–output model to quantify the socioeconomic impact of fishing and aquaculture on Galicia, one of Spain's most important maritime regions. Results indicate that the carryover effects of these production activities are important for Galicia's economy because they contribute not only to job creation but also to possibilities for obtaining income in other economic sectors. These sectors’ combined production in 2013 was almost a million euros, and that production was estimated to account for nearly 2% of the regional economy's value added and for more than 17,000 full-time jobs. Together these contributions amounted to some €1.7 billion in production and €975 million in value added to other Galician economic activities. At the same time, fishing and aquaculture were responsible for creating the equivalent of more than 14,000 full-time jobs in other economic activities.