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Fisheries subsidies have attracted considerable attention worldwide since the 1990s. The World Trade Organization (WTO), among others, started to strengthen its disciplines in fisheries subsidies in 2001. The academic study of fisheries subsidies can play a key role in contributing to policy-making processes such as WTO negotiations by providing more accurate information on the link between subsidies...
Using a recently developed database of fisheries subsidies for 148 maritime countries spanning 1989 to the present, total fisheries subsidies for the year 2003 is computed. A key feature of our estimation approach is that it explicitly deals with missing data from official sources, and includes estimates of subsidies to developing country fisheries. Our analysis suggests that global fisheries subsidies...
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