The Sustainability of the Fishery Industry and Environmental Development: A Study on Factor Market Distortions

Abstract

By reviewing the related research on the distortion of labor, capital, and technical factors, combined with the development and the upgrading status of the marine fishery industry, we used the macro data of the industry to measure the degree of price distortion of its market factors and to construct a Moore-like index and a simplified industrial structure upgrade index based on the fsQCA fuzzy set qualitative comparative analysis. The main content of this paper is related to environment and sustainable development. We found that (1) in the case of low capital factor distortion, the combination of high labor factor distortion and low marine fishery resource distortion will inhibit the rapid upgrading of the marine fishery industry structure; (2) in the case of low capital factor distortion, the combination of low labor factor distortion and high marine fishery resources will also inhibit the rapid upgrading of the marine fishery industry structure; and (3) under the combination of low labor factor distortion and low marine fishery resource factor distortion, regardless of the degree of capital factor distortion, the rapid upgrading of the marine fishery industrial structure will be inhibited; there are only differences in the timing of the impact. The impact of factor distortion on the upgrading of industrial structure lags two and three periods, respectively.

Keywords: factor market distortion; industrial structure adjustment; marine fishery; qualitative comparative analysis.