The Design, Compilation, and Interpretation of Satellite Accounts for South Africa's Fisheries: Some Critical Thoughts

Using South Africa’s hake and rock lobster fisheries, the authors argue the need for satellite accounts of South Africa’s commercial fisheries.

They stress the policy role of satellite accounts where access to fish stocks is contested, value of better information on stock depletion, past and present excessive fishing effort, returns-to-effort reduction, harvest resource rents, and value of the resource stock. The United Nation’s SEEAF can help construct physical accounts (with caveats) and by extension monetary accounts, but the current guidelines embody flaws that can yield anomalous results.