Investigating the interindustry dynamics of Greece's fisheries and aquaculture sector: Effects on production and employment

Abstract

This paper investigates the interindustry relationships of the sector of fisheries and aquaculture within the Greek economy by utilizing input-output analysis. Specifically, the sector's dependence on other industries for the purchases and sales of its domestically produced and imported intermediate inputs is examined by simultaneously employing Leontief demand and Ghosh supply input-output models. The findings reveal that: (i) the sector has relatively low backward and forward production linkages and leakages, indicating limited demand for and supply of its intermediate inputs; (ii) the sector exhibits significant employment linkages, highlighting its important role in the increase of employment within the Greek economy; (iii) the primary domestic produced intermediate input for the sector is the ‘Wholesale and retail trade’ industry, while ‘Coke and refined petroleum products’ constitute the most significant imported input; and (iv) the sector mainly provides its output to the ‘Hotels and restaurants’ and ‘Food, beverages and tobacco’ industries. These findings offer a valuable context for formulating well-targeted policies that enhance the sustainability of the fisheries and aquaculture sector and increase overall employment within the Greek economy.