• Title/Summary/Keyword: economic values

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A Comparative Analysis of the Functional Values for Wastewater Treatment and Atmospheric Regulation in Coastal Wetland and Rice Paddy Ecosystems (갯벌과 간척농지의 수질 및 대기조절가치의 비교분석)

  • Pyo, Hee-Dong
    • Environmental and Resource Economics Review
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    • v.10 no.1
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    • pp.95-126
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    • 2001
  • Functional values for wastewater treatment and atmospheric regulation in coastal wetland and rice paddy ecosystems are quantified, and an illustration is given on how to integrate biophysical parameters into a valuation framework. This is one of most controversial issues in economic analysis for wetland preservation versus wetland conversion to agricultural use. This paper includes theoretical considerations for estimating functional values of environmental ecosystems, and the integration of biophysical data and replacement cost method employed. Specific physical and geographical characteristics and data on ecosystem functions and services in coastal wetlands and rice paddies are addressed for evaluating their values in economic terms. In particular this paper indicates double counting problems and overestimation in the previous studies, and demonstrates how to avoid them and to maintain the consistency of valuation process involving a least-cost method, thus enables an accurate integration of the coastal wetland ecology and wetland economics. As a result which is far away from the previous studies, the total economic present value of wastewater assimilation by coastal wetland is estimated at 7,484,640 won/ha, and the net present value of positive effect for atmospheric regulation, negative effects for air pollution and water pollution by rice paddy is estimated at -37,934 won/ha, assuming that resources are infinitely long-lived and the annual value and the rate of discount (10%) is constant every year. In conclusion, for further reliability and validity of functional values for natural resources it is very noteworthy that a general equilibrium framework that could directly incorporate the interdependence between ecosystem functions and services would be preferred to the partial equilibrium framework.

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The Economic Evaluation of the Public Values of Agriculture and Rural Area in Korea (농업·농촌의 공익적 가치에 대한 경제적 평가)

  • Kim, Yong-Lyoul;Jeong, Hak-Kyun;Heo, Joo-Nyung
    • Journal of Korean Society of Rural Planning
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    • v.20 no.4
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    • pp.101-112
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    • 2014
  • The public value of agriculture and rural areas is closely associated with the concept of multifunctionality of agriculture and rural areas, which in turn signifies economic values other than the production function of agriculture and rural areas. Based on the survey results, virtual scenarios were set up and the contingent valuation method (CVM) was used to estimate the amount consumers are willing to pay (WTP) for the public functions of agriculture and rural areas. This study selected five domains of the public value (environment conservation, maintenance of landscape and cultural tradition, enhancement of national prestige, local community maintenance and socio-economic functions, and food security) and 21 value items as components of the public value. An economic assessment of the public value of agriculture and rural areas was conducted using a binomial logistic regression model. The estimation results showed that the public value consumers are willing to pay ranges from a minimum of 6,346.8 billion won to a maximum of 9,327.2 billion won.

Stable Isotope Study on the Sangdong Deposit (상동광상(上東鑛床)의 동위원소연구(同位元素硏究))

  • Moon, Kun Joo
    • Economic and Environmental Geology
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    • v.17 no.3
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    • pp.171-177
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    • 1984
  • Representative sulphide samples from the Sangdong skarn orebody and quartz veins show relatively narrow ranges of sulphur isotope values ranging from $^+5.5$ to $^+6.9$ permil and average $^+5.0$ permil with a standard deviation of 0.77 permil. Much higher temperature isotopic temperatures than homogenization temperatures may indicate even minerals in contact did not form together in isotopic equilibrium. Under conditions of formation of the skarn and quartz veins, ${\delta}^{34}\;H_2S$ ranges from $^+4.5$ to $^+5.3$ permil, suggesting a magmatic origin for the sulphur. Carbon and oxygen isotope values seem to show some of the spread of increasing ${\delta}^{13}C$ values of the interbedded limestone with distance from the central zone of the Sangdong mineralization. Negative values of ${\delta}^{13}C$ fluids appear to be typical of many ore deposits including those of magmatic origin. Calculated ${\delta}^{18}C$ values of the fluids are typical of those derived from magmatic sources.

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Characteristic Analysis for Weight Values of Evaluation Items by Traffic Safety Project Type (교통안전사업 유형별 평가항목의 가중치 특성분석)

  • Lee, Heewon;Lee, Jisun
    • International Journal of Highway Engineering
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    • v.20 no.1
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    • pp.147-156
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    • 2018
  • PURPOSES : The purpose of this study is to analyze the characteristics of the weight values of evaluation items by traffic safety project type. METHODS : In general, a large-scale investment in projects such as the traffic safety project requires economic analyses to be performed in advance. However, there is an argument for considering special characteristics of the traffic safety project. Therefore, this study conducted characteristic analysis of the weight values of evaluation items. The analysis consisted of two steps. The first step was hypothesis verification using analysis of variance (ANOVA). In this process, the authors examined whether the weight of evaluation items is the same regardless of the traffic safety project type. Based on the first step's results, the authors proceeded to the second step. The objective of this step was to analyze how different the weight values are by traffic safety project type using an analytic hierarchy process. RESULTS : According to the ANOVA test results, the benefit to cost ratios have different weight values based on traffic safety project type at the 0.01 significance level. The policy evaluation items, such as the plans connection, resident opinion, and regional equity, also showed the same results except that the result for the related plans connection was statistically significant at the 0.05 level. Based on the first step's result, the AHP analysis in the second step showed that the traffic safety projects for vulnerable users and pedestrians have very low weight values in economic evaluation factors compared with other safety project types. The weight values for vulnerable users and pedestrians were 0.29 and 0.26, respectively, in economic evaluation items. On the other hand, the weight values for other safety project types were around 0.6. Among the policy evaluation items, resident opinion showed a higher weight value than other factors, such as connection and regional equity items. CONCLUSIONS : The social and economic impact of a traffic safety project varies by project type and project characteristics. Although the economic approach is overarching and a reasonable methodology is applied for large-scale projects, it should be noted that the safety issue, especially for transportation of vulnerable uses, requires a non-economical approach. Based on the analysis results, this study suggests that the priority of the projects should be determined by separating them into independent assessment groups depending on their characteristics.

Factor Analysis in the Work Values Types of Freshmen's in the Dental Hygiene Department (치위생과 신입생들의 직업가치관 유형에 대한 요인분석)

  • Lee, Sun-Mi
    • Journal of dental hygiene science
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    • v.4 no.2
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    • pp.55-60
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    • 2004
  • The study was intended to investigate the job values type of freshmen's in the dental hygiene department. A total of 280 freshmen in the dental hygiene departments of the 3 universities were surveyed, and of them, finally 242 volumes of questionnaire were analyzed. Their job values were categorized through twice factor analysis. The findings were as follows. 1. Freshmen's job values in the dental hygiene department were divided into 6 categories; (1) position (2) economic reward (3) social contribution (4) accomplishment (5) ability (6) job interest. 2. Social contribution, accomplishment, ability, and job interest were categorized into internal job values, and position and economic reward were externl ones. 3. Dental hygiene freshmen's external values index (4.24) were higher than internal ones (3.86). 4. Types of job values that dental hygiene freshmen thought important were economic reward (4.39), position (4.07), ability (3.98), and social contribution (3.46).

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A Study on Economic Value for Non-market Properties of e-Business

  • Kim, Min-Cheol
    • Proceedings of the CALSEC Conference
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    • 2005.03a
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    • pp.293-298
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    • 2005
  • This paper is a study on the model that measures economic values for the non-market properties of e-Business. For development of this model, first of all, we reviewed the properties of e-Business service, and looked around the relation between customer satisfaction and/or payment value and e-Business properties. In addition, we checked the method to measure economic values of these properties. This measurement method is the contingent valuation method which is a method of measuring the value of the environmental product. We modified it to adapt to the e-Business. Finally, in this paper, we proposed an economic value model which measures the value of willingness to pay(WTP) to our objectives. However, there could be some restrictions at the time when surveying empirically. Therefore, the succeeding study should be done in order to improve these restrictions some day.

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A Study on the Urban Housewives. Economic Preparation for their Retirement Planning based on the Attitudes of their Personal Asset.s Management and Perception on it (도시주부의 자산관리태도.자산적정인지도에 따른 노후경제대책수행에 관한 연구)

  • 계선자;박혜성
    • Journal of Family Resource Management and Policy Review
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    • v.4 no.1
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    • pp.29-45
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    • 2000
  • The purpose of this study is to investigate some influencial factors for urban housewives’economic retirement preparation. Questionnaires were distributed to the 550 housewives in Seoul. The 453 data obtained were analyzed by Frequency, Percentage, Mean, Factor analysis, Reliability, and Stepwised Multiple Regression with SPSS win PC+. The major findings of this study were summarized as follows: First, there wre significant differences on the attitudes of assets management and the perception of assets property according to the expectation for being supported in their old age and the controlable values. Second, the most influential variables on the economic preparation for the old age of the urban housewives were through the attitudes of assets management, the perception on it and controlable values. Based on the above findings the urban housewives should have concerns on the economic preparation in advance.

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Evaluating the Value of Environment-Friendly Agricultural Landscapes Using CRM (CRM을 이용한 친환경농업의 경관가치 평가)

  • Yun Hee-Jeong;Kim Hye-Min
    • Journal of the Korean Institute of Landscape Architecture
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    • v.34 no.1 s.114
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    • pp.37-47
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    • 2006
  • Environment-friendly agriculture has not only the simple purpose producing foods but also the key roles of conserving rural environments, landscapes and sustainable land uses. In addition, environment-friendly agricultural areas and their landscapes are important factors representing uniqueness of rural areas. For these reasons, this study investigates the landscapes formed through environment-friendly agriculture and evaluates the economic values of the landscapes using CRM(contingent ranking method) which has been known as one of the practical methods in the field of environmental economics. Based upon a scenario that government introduces the ratio of environment-friendly agriculture to evaluate economic values, a survey was performed with 1,088 of rural residents throughout the country. The results of this study indicate that the economic value for conservation and maintenance of environment-friendly agriculture landscapes is 480 won per household/month/1% environment-friendly agriculture, and this can be converted into 829 hundred million won per 1% environment-friendly agriculture nationally.

Attitudes toward Social Values and Economic Values of Social Enterprise Workers (사회적기업 근로자의 사회적 가치와 경제적 가치에 대한 태도)

  • Kim, Eun-Hee;Lee, Yong-Jae
    • The Journal of the Korea Contents Association
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    • v.17 no.5
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    • pp.602-612
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    • 2017
  • The purpose of this study was to identify employees' perception of social and economic values that social enterprises pursue and to provide implications for the training of social enterprise workers. The main results are as follows. First, more than half of the social enterprise workers recognized that economic value and social value were equally important. In addition, the responsibilities of realizing corporate social values were somewhat higher than those of employees. The social value of the social enterprise should be pursued in preference to the value for the company and its members. However, efforts to set goals for the social value of social enterprises were lacking. Second, social enterprise workers generally had a high perception of economic value and recognized that the responsibility and effort of management was more important than the employees in order to realize economic value. Third, the higher the age of workers, the higher the importance of social value than economic value, emphasized the responsibility of the manager, and the less the work experience, the more important is the social value and the manager's responsibility. While commercial enterprise workers are highly aware of the importance of economic value, non-profit enterprise workers are highly aware of the importance of social value. In the future, it will be necessary to provide an educational support program that allows workers to recognize the social and economic value of social enterprises in a balanced manner. Efforts are needed to develop, monitor and monitor standardized measures for measuring the value of social enterprises.

THE EFFECT OF LEED CERTIFIED BUILDING ON THE SURROUNDING NEIGHBORHOOD IN NEW YORK CITY

  • Min Jae Suh;Annie R. Pearce;Young Hoon Kwak
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.28-35
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    • 2013
  • The construction industry has introduced the Leadership in Energy and Environmental Design (LEED) rating system to promote objective evaluations of the sustainability of buildings. Three important values to consider when implementing sustainability are the associated environmental, social, and economic impacts. Recently, researchers have begun to investigate the real estate value of LEED certified buildings in terms of the rental cost, occupancy rate, cost per unit area, and resale value in order to better understand the economic benefits of the LEED rating system. However, the economic benefits also encompass economic effects such as the impact of LEED certified buildings on neighborhood real estate values surrounding the certified buildings. This research examines whether the enhanced real estate value of LEED certified buildings in New York City extends to surrounding commercial buildings, utilizing spatial analysis via a Geographic Information System (GIS) and the hedonic pricing method to derive meaningful economic relationships. The results provide practical insights into the economic effect of LEED certified buildings that will be of interest to city officials and planners, as well as the owners, developers, investors and other stakeholders of surrounding buildings.

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