The Journal of Fisheries Business Administration (수산경영론집)

The Korean Society of Fisheries Business Administration (한국수산경영학회)
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The Economic Effect of Besides Fisheries Profit and Input-Output Analysis: ocused on the Tae-an Trial Sea Farm Project

어업 외 투자효과 및 투입산출분석 : 태안시범바다목장사업을 중심으로

  • Choi, Jong-Du (Department of Business Administration, Cyber University of Korea)
  • 최종두 (고려사이버대학교 경영학과)
  • Received : 2014.11.28
  • Accepted : 2015.04.16
  • Published : 2015.04.30
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Abstract

This paper is to estimate the economic effect of benefits of the R&D and recreational fishing as well as input-output analysis in the Tae-an Trial Sea Farm Project(TTSFP). We use B/C model to indicate the effects of economic valuation. B/C analyses model consists of Benefit Cost Ratio(BCR), Net Present Value(NPV) and Internal Ration of Return(IRR). Using 5.5% discounting rates and the survey data, the sub-models show economically feasible in the all of analysis and analyzed the results as follows. NPV is 42,147 million won, BCR is 3.29 and IRR is 34.30%. This study attempts to apply input-output(I-O) analysis in connecting the economic effect of TTSFP. I-O model was constructed, focusing on three effects; the production-inducing effect, the value-added-inducing effect and employment-inducing effect. There are positive effects on economic value and job creation in Tae-an and Nation.

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References

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