Browse > Article
http://dx.doi.org/10.17663/JWR.2013.15.2.159

The Effects of the Four Major Rivers Restoration Project on Regional Economy  

Yoo, Seung-Hoon (Graduate School of Energy & Environment, Seoul National University of Science & Technology)
Park, Dooho (K-water Institute, Korea Water Resources Corporation)
Publication Information
Journal of Wetlands Research / v.15, no.2, 2013 , pp. 159-164 More about this Journal
Abstract
The 4 major rivers restoration project (4RRP) requires the government to invest a lot of money. Regional economic effect is one of the main purposes of implementing the 4RRP. This paper attempts to measure the regional economic effects, focusing on regional employment-inducing effect and regional income-inducing effect. Regional employment-inducing effect is computed by excluding indirect effect and directly investigating the amount of employment. To this end, marginal propensity to consume, household consumption, household income should be derived. We used working day data and government expenditure multiplier to measure local employment creation and income generation. As a result, the project creates 46,628 employments from 2009 to 25 August 2011 and generates 25 trillion won regional income for three years.
Keywords
4 major rivers restoration project; regional economy; regional income; regional employment;
Citations & Related Records
연도 인용수 순위
  • Reference
1 Ahn, HK (2009). Four major rivers restoration project and measures of creating jobs, Kukto, 330, pp. 23-31. [Korean Literature]
2 Ahn, SH (2012). Comparative study on the economic impacts of four major rivers restoration project, Master's Thesis, Pusan National University. [Korean Literature]
3 Choi, CW (2011). Economic impacts of large-scale national projects, Ph.D. Dissertation, Dankook University. [Korean Literature]
4 Kim, ES, Min, WK, Park, SJ, Song TB, Jung, MK, Hwang, JY (2010). Introduction of Economics, 2nd Edition, Haklim Publisher. [Korean Literature]
5 Korea Employment Information Service (2010). Analysis and Evaluation of the Impacts of Governmental Policy on Employment: the Case of the Four Major Rivers Restoration Project Conducted by Ministry of Land, Transport and Maritime Affairs. [Korean Literature]
6 Kwon, OH, Yoon, YS (2009). Main contents and effects of the four major rivers restoration project, Construction Issues Focus, 9(15), pp. 1-30. [Korean Literature]
7 Ministry of Land, Transport and Maritime Affairs (2009). Master Plan for the Four Major Rivers Restoration Project. [Korean Literature]
8 Park, JW (2012). Political economics of four major rivers restoration project: the impacts on regional economy, Proceedings of the 2012 Joint Conference of Economics Societies, Korean Economics Association. [Korean Literature]
9 Ryu, MH, Park DH (2009). National economic effects of the four major rivers restoration project, Proceedings of the 2009 Joint Conference of the Korean Society on Water Environment and the Korean Society of Water and Wastewater, Korean Society on Water Environment and Korean Society of Water and Wastewater, pp. 101-102. [Korean Literature]
10 Statistics Korea (2011). Survey of Household Status: 2nd Quarter 2011. [Korean Literature]