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ANNEX 4. EXAMPLE OF USE OF KEY TERMS

The following example (modified from FAO, 1999. FAO Technical Guidelines for Responsible Fisheries Development and Use of Indicators for Sustainable Development of Marine Capture Fisheries, In press) illustrates with an example from the economic dimension of fisheries, the meaning and hierarchy of key terms used in this document.

Dimension:

Economic

Objective:

Economic efficiency

Criteria:

Capital productivity

Indicator:

Financial net return/capitalized value

Data type:

Total value of landings


Total operation costs


Taxes and subsidies


Capitalized value

Variables:

Investment


Vessel replacement value


Depreciation rate


Inflation index

DATA SOURCES:

Banks


Administrations


Treasury


Industry


Boatbuilders



names of boatbuilders



address



vessel size etc.

SCALE:

Fishery


Fleet segment (e.g., trawlers)

Limit reference point:

Capital productivity at the bio-economic equilibrium point under open access = 0

Target reference point:

Capital productivity set by policy - possibly at MEY level


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