The Economic Effects of the Covid-19 Pandemic on Swedish Shrimp Fishers

Abstract

This paper explores the effect of the perceived risk of the Swedish people of Covid-19 on daily auctioned shrimp prices from the start of the pandemic to the end of the year 2021. This topic is of interest to see whether the government intervention in the shrimp market to aid fishers with possible losses was justified. We find that auction prices were negatively affected by covid-19 cases by 19.83 SEK/kg (-9.37 %), and that fishers have suffered a loss of 21.5 million SEK.