Analysis of Investment Effect on the Outdoor Swimming Pool Utilizing Reservoir's Amenity Resources

저수지 경관자원을 활용한 야외수영장 개발사업의 투자효과 분석

  • Kwon, Yong-Dae (Dept. of Agricultural Economics, College of Agricultural and Life Science, Chungnam National University) ;
  • Hwang, Jun-Woo (Dept. of Agricultural Economics, Graduate School, Chungnam National University)
  • 권용대 (충남대학교 농업생명과학대학 농업경제학과) ;
  • 황준우 (충남대학교 대학원 농업경제학과)
  • Published : 2007.06.30

Abstract

This study aimed at analyzing the economic effect of outdoor swimming pool investment using the reservoir's amenity resources. We focused on the identification of the amenity value of reservoir in the rural area and the economic evaluation for establishing This study aimed at analyzing the economic effect of outdoor swimming pool investment using the reservoir's amenity resources. We focused on the identification of the amenity value of reservoir in the rural area and the economic evaluation for establishing infrastructure such as swimming pool based on the reservoir's landscape value. To this end, we have conducted the case study on the outdoor swimming pool in connection with Go-Bok reservoir in Yeon-Gi county, Chungnam Province and estimated its income effect on the rural community by cost-benefit analysis method. The research results are as follows; 1) Outdoor swimming pool participants, with 11,581 visitors totaled to Yeon-gi county every year, was estimated to spend the worth of 58,446 thousand won paid for the agricultural product purchase and etc. 2) Internal rate return of the outdoor swimming pool project was estimated to 16.19%, which considered to be economically feasible comparing with 10% of current capital opportunity cost. Based on the results of this study, we suggest the following strategies for development of amenity value of swimming pool in connected with the reservoir; 1) Reservoir amenities should be well preserved even after construction of swimming pool lest losing amenity values while managing the facilities. 2) Measures to increase the marketing value of intangible reservoir's amenities through promotion should be established. 3) Effective program for more visitors with longer staying and more agricultural products sales should be designed.

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