Congratulations to Dr. Karyn Morrissey, who has been asked to deliver an address to the Prime Minister’s Office of Mauritius on the 22nd and 23rd of July in the Republic of Mauritius. The presentation entitled ‘Harnessing our Ocean’s Wealth’ is part of the national Dialogue on the ocean Economy of Mauritius. It aims to create general awareness on the significant potential of the Ocean Economy in Mauritius. The audience will include the Prime Minister of the Republic of Mauritius, World Bank representatives, United Nations representatives and public, private and non-governmental sector stakeholders.
Post by Karyn Morrissey
The realisation that the world’s oceans play an important role in climate regulation and many territory activities, notably food production, coupled with economic changes and the rapid advancement in ocean technology have seen a shift in the perception of the importance of the marine resource. My recent research in Ireland has estimated both the national and regional economic value of the marine sector. However, economic activity does not exist in a vacuum. Activities in the marine sector not only directly affect the industries in the sector but also influence other sectors through inter-sectoral linkages. My new research uses an Input-Output (IO) methodology to examine the linkages and production effects of the Irish marine sector on the national economy. This work is presented in the world’s leading marine policy journal, Marine Policy, (volume 37, p. 230–238) and represents the first effort to quantify the inter-industry linkage effects, production-inducing effects and employment multipliers in the marine sector. I found that a number of marine sectors, notably the maritime transportation sector, have an important economic role within the wider Irish economy.