Ocean and Polar Research

Korea Institute of Ocean Science & Technology (한국해양과학기술원)
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A Note on the Economic Rationale for the Development of the Korean Operational Oceanographic System

운용해양시스템 구축의 경제적 의의

  • Lee, Joon-Haeng (Department of Economics, College of Social Sciences Seoul Women's University) ;
  • Noh, Yong-Hwan (Department of Economics, College of Social Sciences Seoul Women's University)
  • 이준행 (서울여자대학교 사회과학대학 경제학과) ;
  • 노용환 (서울여자대학교 사회과학대학 경제학과)
  • Received : 2010.05.07
  • Accepted : 2010.07.22
  • Published : 2010.09.30
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Abstract

This study evaluated economic feasibility and provided rationale for the development of the Korean Operational Oceanographic System (KOOS). KOOS is supposed to be established for the preservation and management of marine environments, and for the safety of ocean activities. Economic issues associated with operational oceanographic systems are discussed. During the operational period of KOOS associated with conservative small-input scenarios, and according to the macroeconomic inputoutput analysis, the system was estimated to generate 8.3 times its actual proposed economic investment (about KRW 327.7 billion). Other rationales that cannot be easily quantified were also discussed.

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References

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