Structural Transformation and Value-Based Economic Resilience in Madeira's Fisheries Sector
This study reveals that Madeira's fisheries sector underwent significant physical contraction and increased specialization from 1976 to 2024, successfully preserving a substantial portion of its real economic value through a shift toward high-value, low-volatility species like black scabbardfish, despite a decline in overall diversity and a modest long-term decrease in total real landed value.