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The oceans and seas are vital resources for human life and fundamental to global economic growth. With the expansion of globalization and increasing demand for resource exploitation, the ocean economy has emerged as a critical support for economic growth and a significant concern for many. However, the exploitation of marine resources often leads to ecological damage and environmental pollution, seriously threatening the long-term viability of the marine economy. Measures must be implemented to balance ecological protection and economic development for sustainable growth in the marine sector. This investigation synthesizes over a decade’s worth of data from various coastal cities, incorporating insights from national databases, international reports, and scholarly articles, resulting in an analysis of more than 500 data points. Through the application of a rigorous quantitative approach and a dual fixed-effect model, the study delves into the dynamics between ocean governance and economic development. By analyzing a broad and representative dataset, the research provides an exhaustive overview of global ocean governance frameworks and the current state of the marine economy. The statistical analyses unveil the complexity and diversity of factors influencing the development and governance of marine economies. This paper explores the interplay between marine economic development and ocean governance, evaluating the impact of governance on marine economic progression within the context of environmental optimization. Furthermore, it proposes policy interventions aimed at fostering the sustainable growth of marine economies, ensuring the conservation of marine ecosystems, and pursuing overarching long-term global growth ambitions.
Hong et al. (Tue,) studied this question.