The Journal of Fisheries Business Administration (수산경영론집)

The Korean Society of Fisheries Business Administration (한국수산경영학회)
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The Estimation and Economic Evaluation of Fisheries Benefit in Jeju Trial Sea Farm Project

제주 시범바다목장사업의 어업편익 추정과 경제성 평가

  • Kang, Seok-Kyu (Department of Business Administration, Jeju National University)
  • Received : 2013.11.05
  • Accepted : 2013.11.22
  • Published : 2013.12.31
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Abstract

The purpose of this study is to evaluate the economic validity of artificial reefs facilities and seeds release programs in Jeju Trial Sea Farm Project for raising fishing people's revenue. The results of this study show the artificial reefs facilities and seeds release programs have net present value of 15,962.63 million won, internal rate of retrurn 13.86%, and benefit-cost of 1.912 under a 5.5% social discount rate. This suggests that in Jeju trial sea farm project, artificial reefs facilities and seeds release programs increase fisherperson's revenue.

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References

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