Abstract Numerous studies have focused on the need to expand production of ‘blue foods’, defined as aquatic foods captured or cultivated in marine and freshwater systems, to meet rising population- and income-driven demand. Here we analyze the roles of economic, demographic, and geographic factors and preferences in shaping blue food demand, using secondary data from FAO and The World Bank, parameters from published models, and case studies at national to sub-national scales. Our results show a weak cross-sectional relationship between per capita income and consumption globally when using an aggregate fish metric. Disaggregation by fish species group reveals distinct geographic patterns; for example, high consumption of freshwater fish in China and pelagic fish in Ghana and Peru where these fish are widely available, affordable, and traditionally eaten. We project a near doubling of global fish demand by mid-century assuming continued growth in aquaculture production and constant real prices for fish. Our study concludes that nutritional and environmental consequences of rising demand will depend on substitution among fish groups and other animal source foods in national diets.
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Measuring Welfare by Matching Households across Time
Abstract The money metric utility function is an essential tool for calculating welfare-relevant growth and inflation. We show how to recover it from repeated cross-sectional data without making parametric assumptions about preferences. We do this by solving the following recursive problem. Given compensated demand, we construct money metric utility by integration. Given money metric utility, we construct compensated demand by matching households over time whose money metric utility value is the same. We illustrate our method using household consumption survey data from the United Kingdom from 1974 to 2017 and find that real consumption calculated using official aggregate inflation statistics overstates money metric utility in 1974 pounds for the poorest households by around 0.5% a year and understates it by around a third of a percentage point per year for the richest households. We extend our method to allow for missing or mismeasured prices, assuming preferences are separable between goods with well-measured prices and the rest. We discuss how our results change if the prices of some service sectors are mismeasured.
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- PAR ID:
- 10512119
- Publisher / Repository:
- Oxford Academic Press
- Date Published:
- Journal Name:
- The Quarterly Journal of Economics
- Volume:
- 139
- Issue:
- 1
- ISSN:
- 0033-5533
- Page Range / eLocation ID:
- 533 to 573
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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