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MAXIMUM ECONOMIC YIELD (MEY) IN FISHERIES ACCOUNTS

Statistics Directorate    
Definition:
When relating total revenues from fishing to total fishing effort in a surplus production model, the value of the largest positive difference between total revenues and total costs of fishing (including the cost of labour and capital) with all inputs valued at their opportunity costs.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank, 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 7.279.

Cross References:
Maximum sustainable yield (MSY) in Fisheries Accounts

Statistical Theme: Environmental statistics

Created on Wednesday, July 6, 2005

Last updated on Wednesday, July 6, 2005