This study examines the determinants of blue economy activities, namely tourism and fisheries, in 19 Asia-Pacific Island countries for the period 1996 to 2016. Using a panel data model, we find that the size of the blue economy positively depends on gross fixed capital formation and access to electricity. We also find that the size of the blue economy responds positively to sustainable ocean management policies. Hence, our findings support the need for, and the effectiveness of, sustainable ocean governance policies in the Asia-Pacific Island countries to further strengthen the growth of these countries.
Determinants of Blue Economy in Asia-Pacific Island Countries: A Study of Tourism and Fisheries Sectors;