DOI QR코드

DOI QR Code

The Economic Evaluation of the Public Values of Agriculture and Rural Area in Korea

농업·농촌의 공익적 가치에 대한 경제적 평가

  • Received : 2014.07.15
  • Accepted : 2014.12.02
  • Published : 2014.12.30

Abstract

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.

Keywords

References

  1. Agricultural Research Institute of Japan. 1998. Evaluation of Public Functionality of Rural Japan with an Alternative Methods.
  2. Ahn, Yoon-soo et al. 2003. Monetary Valuation of the Sociocultural Commonweal Functions form the Rural Communities in Korea. Rural Development Administration.
  3. Eom, Ki-cheol et al. 1993. "Public Benefit from Paddy Soil"Journal of Korean Soc. Soil Sci. Fert. 26(4).
  4. Hanemann, W. M., 1984. "Welfare Evaluation in Contingent Valuation Experiments with Discrete Responses", American Journal of Agricultural Economics, Vol, 66, pp.332-341. https://doi.org/10.2307/1240800
  5. Hanemann, W. M., 1989. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses: Reply," American Journal of Agricultural Economics, 71, pp.1057-1061 https://doi.org/10.2307/1242685
  6. Hanemann, W. M., 1994. "Valuing the Environment Through Contingent Valuation", an Journal of Economic Perspectives, Vol, 8, pp. 19-43. https://doi.org/10.1257/jep.8.4.19
  7. Hanemann, W.M., J. Loomis and B. Kanninen, 1991. "Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation", American Journal of Agricultural Economics, Vol. 73., pp.1255-1263. https://doi.org/10.2307/1242453
  8. Heo, Joo-nyung et al. 2012. "Valuation of Multifunctionality of Urban Agriculture using Turnbull Model". Korean Journal of Organic Agriculture, 20-4 pp. 431-445. https://doi.org/10.11625/KJOA.2012.20.4.431
  9. Kang, Kee-kyung et al. 2008. "Evaluation of Multifunctionality of Agriculture - Research achievement and apply". Rural Development Administration.
  10. Kim, Yong-lyoul et al. 2012. The Evaluation of the Economic and Public Values if Agriculture and Rural Area in Korea. Rural Development Administration.
  11. Lim, Jeong-bin et al. 2011. "Swissland Agriculture and policy focusing on Multifunctionality". Focusing GSnJ-123.
  12. Lim, Hyung-baek et al. 2004. "Measuring Economic Value of the Landscape of Rural Society". Journal of Korean Regional Development, 16-3. pp. 25-49.
  13. OECD, 2001, Multifunctionality: Towards an Analytical Framework.
  14. OECD, 2008, Multifunctionality in agriculture : evaluating the degree of jointness, policy implications.
  15. Oh, Se-ik et al. 2001. Valuation of Multifunctionality of Agriculture. Korea Rural Economic Institute.
  16. Seo, Dong-gyun et al. 2002. "Evaluation of Environmental Conservation and Landscape Function of Agriculture". Rural Development Administration.
  17. Seo, Dong-gyun et al. 2003. Evaluation of Multifunctionality by of Agricultural Production Environment. Rural Development Administration.
  18. Switzerland FOAG(Federal Office for Agriculture), Agricultural Report 2011, 2012.
  19. Whang, Jeong-im et al. 2009. "Valuing Sociocultural Multifunctionality of Rural Areas in Korea." Journal of Agricultural Extension and Development. 16(3): 643-669.
  20. Yang, Seung-ryong et al. 2011. "The Value of Agriculture and Rural Areas". Rural Development Administration.
  21. Japan Ministry of Agriculture, Forestry and Fisheries (http://www.maff.go.jp)

Cited by

  1. Estimation of Economic Value of the Happy Call Center for Farmers Using the Contingent Valuation Method vol.36, pp.3, 2014, https://doi.org/10.35412/kjcs.2018.36.3.003
  2. A Study on the Guarantee of Farmers’ Income Based on the Public Interest Functions of Agriculture and Rural Areas vol.30, pp.4, 2014, https://doi.org/10.7856/kjcls.2019.30.4.595
  3. A Study on the Classification of the Public Interest Functions in Rural Areas Using the Delphi Method vol.32, pp.4, 2021, https://doi.org/10.7856/kjcls.2021.32.4.715