Northwest Fisheries Science Center

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Document Type: Journal Article
Center: NWFSC
Document ID: 7691
Title: Social Capital and Economic Performance of New England Groundfish Harvest Cooperatives: An Evolving Story
Author: Daniel S. Holland, Patricia Pinto da Silva, Andrew Kitts
Publication Year: 2015
Journal: Marine Resource Economics
Volume: 30
Issue: 4
Pages: 371-392
Keywords: social capital,fisheries,cooperatives,co-management
Abstract:

In 2010 a new management system based on harvest cooperatives called “sectors” was implemented in the U.S. Northeast Multispecies Groundfish Fishery. We hypothesized that success of individual sectors might depend on their social capital. Sector members were surveyed prior to the implementation of the policy to develop baseline measures of social capital for each sector and again after the sectors had been operating for three years. We construct indices of bonding, bridging and linking social capital, information sharing, and trust and explore how these indicators of social capital have changed since the implementation of the sector program. We also evaluate the relationship between these social capital indicators and various measures of economic performance of sectors. The result suggests that the relationship between social capital and economic performance has strengthened over time. Profitability is associated with broader community and fishery wide connections as well as bonding social capital within sectors.

Description:

Discusses change in social capital and economic performance of harvest cooperatives (Sectors)  in the New England Groundfish fishery over the first three years of the program.

Theme: Ecosystem approach to improve management of marine resources
Foci: Describe the interaction between human activities, particularly harvest of marine resources, and ecosystem function.
Describe the interaction between human activities, particularly harvest of marine resources, and ecosystem function.
Official Citation:

Holland, D.S., P. Pinto da Silva, A. Kitts. 2015. “Social Capital and Economic Performance of New England Groundfish Harvest Cooperatives: An Evolving Story.” Marine Resource Economics 30(4):371-92.