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http://dx.doi.org/10.12939/FBA.2020.51.4.123

Determining Investment Priorities Using Aggregating Indicator of Regional Economic Effects: Case of the Offshore Project for Fishery Stock Enhancement  

Kang, Seok-Kyu (Department of Business Administration, Jeju National University)
Kang, Gi-Choon (Department of Economics, Jeju National University)
Publication Information
The Journal of Fisheries Business Administration / v.51, no.4, 2020 , pp. 123-136 More about this Journal
Abstract
This study attempted to propose a method of determining a project implementation area according to the purpose of the Offshore Project for Fishery Stock Enhancement after analyzing the regional economic effects in advance targeting the candidate regions for the Offshore Project for Fishery Stock Enhancement. The main results of this study can be summarized as follows: first, in comparison with the overall effect of the Offshore Project for Fishery Stock Enhancement to 2013, the production inducement coefficient increased by 0.08 in the region, but decreased by 0.39 in other regions and by 0.33 in the whole country. The value-added inducement coefficient increased by 0.01 in the region and by 0.06 in other regions, increasing 0.27 for the whole country. In the case of the employment inducement coefficient, the number of workers in the region decreased by 9.48 and increased by 0.3 in other regions, resulting in a decrease of 9.1 people in the whole country. Second, depending on the purpose of the Offshore Project for Fishery Stock Enhancement, an aggregating indicator of economic effects within the region, an aggregating indicator of economic effects in other regions, and an aggregating indicator of economic effects across the country were prepared to be used to determine the priority of the project implementation region. There was a little difference between the 2013 and 2015 regional rankings according to the standardization method, indicating that the analysis results were somewhat consistent. In conclusion, the results of this study may contribute to determine the project implementation area according to the purpose of a specific project after analyzing the regional economic effect in advance.
Keywords
Offshore Project for Fishery Stock Enhancement; Production Inducement Coefficient; Value-added Inducement Coefficient; Employment Inducement Coefficient; Aggregating Indicator of Regional Economic Effects;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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