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Journal of Ocean and Coastal Economics

Document Type

Review

Abstract

Alongside several member countries, the OECD is embarking upon the development of a satellite account for ocean economic activity that presents international statistics in a harmonised manner. This work complements other initiatives at national and international levels and will support future comprehensive ocean accounts that include marine environment-economy linkages and ecosystem services. The production of internationally comparable statistics is a complex and time consuming endeavour that requires international cooperation. For ocean economic activities, such difficulties are compounded by the need to break down existing statistical information using secondary source material. A key preparation for internationally comparable statistics on ocean economic activity is for compilers of national data to record and publish metadata that are exhaustive of the statistical data produced. Novel approaches, including those that make sense of high frequency data using machine learning, could offer a potential solution to some of the problems associated with ocean economy measurement.

Creative Commons License

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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