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http://dx.doi.org/10.13000/JFMSE.2016.28.3.727

An Economic Analysis of the Marine Afforestation Project in Gangneung Region, Republic of Korea  

PARK, Kyung-Il (Pukyong National University)
HONG, Hye-Su (Pukyong National University)
KIM, Do-Hoon (Pukyong National University)
Publication Information
Journal of Fisheries and Marine Sciences Education / v.28, no.3, 2016 , pp. 727-737 More about this Journal
Abstract
This study is aimed to analyze the economic effectiveness (direct fishing income effect) of the marine afforestation project in Gangneung region. Based on the surveyed data, the production values and costs of the marine afforestation project are estimated and compared to determine the economic validity of the marine afforestation project. Results show that the B/C ratio, as an indicator of economic evaluation, is 1.30 with an interest rate of 5.5%, indicating that the marine afforestation project in Gangneung region would be economically feasible under the current production and market conditions. However, it is expected that the economic effectiveness would be increased when considering benefits of recreational fishing and greenhouse gas reduction from the marine afforestation project.
Keywords
Marine afforestation; Economic effectiveness; Fishing income; B/C ratio; Biomass;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
연도 인용수 순위
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