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http://dx.doi.org/10.3796/KSFT.2009.45.4.276

Economic analysis of biodegradable snow crab gill net model project  

Park, Seong-Kwae (Faculty of Marine Business & Economics, Pukyong National University)
Park, Seong-Wook (Fisheries Engineering Division, National Fisheries Research and Development Institute)
Kwon, Hyeok-Jun (Faculty of Marine Business & Economics, Pukyong National University)
Publication Information
Journal of the Korean Society of Fisheries and Ocean Technology / v.45, no.4, 2009 , pp. 276-286 More about this Journal
Abstract
The main purpose of this research is to analyze economic feasibility of biodegradable sonw crab gill net model project. The results of benefit/cost analysis show that use of the biodegradable gear is economically feasible. Assuming that the rate of gill net lost is 5 percent, net present value was estimated 311,898,282-590,533,375won, benefit-cost ratio 1.816-1.923 and internal rate of return 7.96-10.59%. The development and diffusion of biodegradable fishing gear appear to make a significant contribution to fisheries resource conservation and marine ecosystem protection. In addition, biodegradable gear production firms may have a good opportunity of exporting it to other coastal states, depending on the progress of WTO subsidy negotiation.
Keywords
Benfit-cost analysis; Biodegradable; Gill net; Conservation; Ecosystem;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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