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The economic impact of environmental regulation on the blue crab industry

Kamal P. Upadhyaya (Department of Economics and Finance, School of Business, University of New Haven, West Haven, Connecticut, USA)
Janelle B. Larson (Penn State University, Berks‐Lehigh Valley College, Reading, Pennsylvania, USA, and)
Franklin G. Mixon Jr (Department of Economics, University of Southern Mississippi, Hattiesburg, Missouri, USA)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 July 2002

965

Abstract

This paper estimates the impact of environmental regulations of 1994 imposed by the State of Maryland on the blue crab industry. For the analysis a model is developed, which includes three stochastic equations and five identities. After the estimation of the model the impact multipliers are calculated. The impact multipliers indicate that the overall impact of the environmental regulations on the industry is the loss of $44 million per year. This loss is shared by all the agents involved in the industry.

Keywords

Citation

Upadhyaya, K.P., Larson, J.B. and Mixon, F.G. (2002), "The economic impact of environmental regulation on the blue crab industry", International Journal of Social Economics, Vol. 29 No. 7, pp. 538-546. https://doi.org/10.1108/03068290210431560

Publisher

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MCB UP Ltd

Copyright © 2002, MCB UP Limited

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