An Efficiency Analysis of South Korean Offshore Fisheries Using a Stochastic Metafrontier Approach
This study analyzes the efficiency of South Korean offshore fisheries by classifying them into active and passive fisheries under worsening internal and external fishing conditions, employing a stochastic metafrontier approach. The analysis uses panel data from 13 offshore fisheries covering the period from 2001 to 2024. The empirical results show that the MTE (meta technical efficiency) of passive fisheries is higher than that of active fisheries. This finding arises because, although the TGR (technology gap ratio) of active fisheries is slightly higher than that of passive fisheries, the GTE (group technical efficiency) of active fisheries is lower by a larger margin. These results suggest that differentiated policy approaches based on the characteristics of different fishing methods are necessary to improve the efficiency of offshore fisheries. Policy support for active fisheries should focus on improving operational efficiency within groups, whereas passive fisheries require policy support centered on improving the use of fishing-related technologies in response to changes in the fishing environment. More specifically, policies for active fisheries should emphasize reviewing the input structure and improving operational efficiency, while policies for passive fisheries should focus on advancing fishing information systems and supporting the development of fish-finding technologies.