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Estimating the Direct Market Economic Impact of Sport Angling for Red Drum in Texas
Author(s) -
Matlock Gary C.
Publication year - 1986
Publication title -
north american journal of fisheries management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.587
H-Index - 72
eISSN - 1548-8675
pISSN - 0275-5947
DOI - 10.1577/1548-8659(1986)6<490:etdmei>2.0.co;2
Subject(s) - fishing , drum , fishery , fish <actinopterygii> , value (mathematics) , economic impact analysis , market size , market value , agricultural economics , business , economics , geography , biology , mathematics , commerce , statistics , finance , microeconomics , archaeology
A method for estimating the direct market economic impact of a sport fishery is developed and applied to red drum (Sciaenops ocellatus) anglers in Texas. The commercial value of angler‐landed fish is subtracted from trip expenditures to estimate the direct market value of the angling experience. This value was $29.7 million in 1976, and the statewide employment impact was 3,193 person‐years. This method can be used for comparing relative economic values of sportfishing with commercial fishing.