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http://dx.doi.org/10.12939/FBA.2015.46.1.109

The Economic Effect of Besides Fisheries Profit and Input-Output Analysis: ocused on the Tae-an Trial Sea Farm Project  

Choi, Jong-Du (Department of Business Administration, Cyber University of Korea)
Publication Information
The Journal of Fisheries Business Administration / v.46, no.1, 2015 , pp. 109-119 More about this Journal
Abstract
This paper is to estimate the economic effect of benefits of the R&D and recreational fishing as well as input-output analysis in the Tae-an Trial Sea Farm Project(TTSFP). We use B/C model to indicate the effects of economic valuation. B/C analyses model consists of Benefit Cost Ratio(BCR), Net Present Value(NPV) and Internal Ration of Return(IRR). Using 5.5% discounting rates and the survey data, the sub-models show economically feasible in the all of analysis and analyzed the results as follows. NPV is 42,147 million won, BCR is 3.29 and IRR is 34.30%. This study attempts to apply input-output(I-O) analysis in connecting the economic effect of TTSFP. I-O model was constructed, focusing on three effects; the production-inducing effect, the value-added-inducing effect and employment-inducing effect. There are positive effects on economic value and job creation in Tae-an and Nation.
Keywords
Economic effect; Besides fisheries profit; Benefit-Cost model; Input-output analysis; Tae-an Trial Sea Farm Project;
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Times Cited By KSCI : 4  (Citation Analysis)
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