• Journal of the Korean Society of Hazard Mitigation
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• v.2 no.1 s.4
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• pp.127-134
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• 2002

The cut river is widely used for the agricultural and housing purposes in Korea and this study is to evaluate the economic value of the cut river. Say, the study is to evaluate and compare the economic values for the cases of which the cut river can be used as the agricultural or housing site and a wetland or recreational site. The study area is the downstream part of Kok-Neung stream which is a main tributary of Han River. For the case of assuming the cut river is used as the agricultural purpose, the value is estimated from the Agricultural & Forestry Statistical Yearbook 2000. For the case of assuming the cut river is used as a wetland or recreational site, the value for a wetland or recreation is estimated by the enquete using questionnaire. That is to say, the results of enquete is used for the estimation of a recreational value by the Travel Cost Method (TCM) and the aesthetical value is estimated by the enquete based on the presumed value in USA. As a results, for the case of which the cut river is used as an agricultural purpose, the equal-payment-series is estimated as 7.06 million won. For wetland purpose, the series is estimated as 1931.40 million won and for the recreational purpose, the series is as 6284.86 million won. The aesthetical value is estimated as 140 thousand won per annum. Therefore, the wetland or recreational use of the cut river is more valuable than agricultural or housing purpose.