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- W2903401435 abstract "This paper analyses the trends in capital formation in fisheries sub-sector and the responsivenessof fisheries sector to capital formation during the period of 1990-91 to 2014-15. We find structural breaksin capital formation, coinciding with policy changes. There has been a deceleration in capital formationimmediate post-liberalisation. The share of fisheries sub-sector in agricultural gross domestic product(GDP) has gradually increased, from 4.3 % in 1994-95 to 5.4% in 2014-15. Correspondingly, the share offisheries sub-sector in gross fixed capital formation (GFCF) in agricultural sector has increased from3.4% to 9.7%. However, the efficiency of investment in the fisheries sub-sector has declined; theincremental capital output ratio (ICOR) has increased from 3.2 to 8.3 during this period. The fast declineof the efficiency of capital can be attributed to over-capitalisation of some segments of this sub-sector,particularly marine fisheries characterised by a large number of mechanised fishing vessels. The publiccapital formation in fisheries as a share of the total pubic capital formation is very low. Inland fisheriesalso face sustainability issues in terms of environmental degradation. Improving the capital productivitywarrants implementation of norms of sustainable fisheries. This requires prioritization of segments forcapital infusion and prioritization of geographical locations." @default.
- W2903401435 created "2018-12-11" @default.
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- W2903401435 date "2018-01-01" @default.
- W2903401435 modified "2023-09-26" @default.
- W2903401435 title "Capital formation in fisheries sector in India: trends, compositional changes and potential implications for sustainable development" @default.
- W2903401435 doi "https://doi.org/10.22004/ag.econ.281149" @default.
- W2903401435 hasPublicationYear "2018" @default.
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