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An Economic Analysis of the Marine Afforestation Project in Gangneung Region, Republic of Korea
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 Title & Authors
An Economic Analysis of the Marine Afforestation Project in Gangneung Region, Republic of Korea
PARK, Kyung-Il; HONG, Hye-Su; KIM, Do-Hoon;
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 Abstract
This study is aimed to analyze the economic effectiveness (direct fishing income effect) of the marine afforestation project in Gangneung region. Based on the surveyed data, the production values and costs of the marine afforestation project are estimated and compared to determine the economic validity of the marine afforestation project. Results show that the B/C ratio, as an indicator of economic evaluation, is 1.30 with an interest rate of 5.5%, indicating that the marine afforestation project in Gangneung region would be economically feasible under the current production and market conditions. However, it is expected that the economic effectiveness would be increased when considering benefits of recreational fishing and greenhouse gas reduction from the marine afforestation project.
 Keywords
Marine afforestation;Economic effectiveness;Fishing income;B/C ratio;Biomass;
 Language
Korean
 Cited by
1.
거제지역 연안바다목장 조성사업의 경제적 효과 분석,김도훈;

수산해양교육연구, 2017. vol.29. 4, pp.1147-1155 crossref(new window)
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