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http://dx.doi.org/10.7747/JFS.2014.30.1.145

Feasibility Analysis on the International Wood Industry EXPO held in Jeollanam-do  

An, Ki-Wan (Division of Forest Resources, Chonnam National University)
Choi, In-Hwa (Department of Forest Management, Kangwon National University)
Park, Kyung-Seok (Division of Forest Economics & Management, Korea Forest Research Institute)
Publication Information
Journal of Forest and Environmental Science / v.30, no.1, 2014 , pp. 145-151 More about this Journal
Abstract
The study examines the feasibility of hosting the International Wood Industry EXPO as a part of the effort to establish Wood Industry Cluster in Jeollanam-do. The provisional EXPO period suggested by the study is 30 days between July 23 (Saturday) and August 21 (Sunday) 2016 and the proposed venues are Namdo International Education Center, Woodland, and Woodcraft Center, Jangheung-gun, Jeollanam-do, and so on. According to the study, it is calculated that the expected investment cost amounts to around 4.5 billion won and the number of total potential visitors reaches 1,627,478. The study also predicts that the EXPO generates various economic effects and outputs that can be quantified as following; a production inducement effect equivalent of 344.5 billion won, an income inducement effect of 77 billion won, an employment inducement effect corresponding to 3,899 jobs, a value-added inducement effect equivalent of 143 billion won, and an indirect tax inductive effect of 32 billion won. Then, emphasizing the need for the organizing committee that can play an important role in managing the overall EXPO events, the study, based on the figures, concludes that the International Wood Industry EXPO 2016 is to be promoted at the regional and national level.
Keywords
International Wood Industry EXPO 2016; production inducement effect; income inducement effects; employment inducement effects; value added inducement effects; indirect tax inductive effect;
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Times Cited By KSCI : 3  (Citation Analysis)
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