Economic Impact of the Ocean Economy in the Eastern Cape Province

Jean Luc Erero, Kambale Kavese

Citation: Jean Luc Erero, Kambale Kavese, "Economic Impact of the Ocean Economy in the Eastern Cape Province", Universal Library of Innovative Research and Studies, Volume 03, Issue 01.

Copyright: This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

This study assesses the impact of the Ocean Economy on the Eastern Cape province in South Africa. The study adopts a science-based, policy-oriented approach to evaluate the positive economic spillovers from the ocean economy. The Social Accounting Matrix (SAM) is used as model to estimate some key multipliers for GDP, employment, compensation of employees (CoE), gross operating surplus (GoS), investment, and exports—that measure the economy-wide effects per R1 million of final demand in ocean economy sectors. These multipliers are mapped to core policy areas, such as: inclusive economic growth (GDP multipliers), labour market policy (employment multipliers), poverty and inequality reduction (CoE, GoS, employment multipliers), export promotion and trade policy (export multipliers), enterprise and private sector development (GoS multipliers), regional and rural development (all six multipliers), investment attraction (investment multipliers), and industrial diversification (export, GVA, GoS, employment multipliers).


Keywords: Ocean Economy, Social Accounting Matrix, Satellite Account.

Download doi https://doi.org/10.70315/uloap.ulirs.2026.0301007