Ocean and Polar Research

Korea Institute of Ocean Science & Technology (한국해양과학기술원)
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A Study on the Economic Values and Productivity Attained through a Reduction in Fishing Vessels Engaged in Coastal and Offshore Fisheries

연근해어업 어선감척사업으로 인한 생산성 및 투자 효과에 관한 연구

  • Choi, Jong Du (Deptartment of Business Administration, The Cyber University of Korea)
  • 최종두 (고려사이버대학교 경영학과)
  • Received : 2014.11.17
  • Accepted : 2014.12.08
  • Published : 2014.12.30
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Abstract

The purpose of this study is to estimate the economic value and productivity achieved through a reduction in fishing vessels engaged in coastal and offshore fisheries. We found that the value of increasing catch by types in offshore and coastal fisheries was about 17,338 billion won. To examine the economic value, a cost-benefit analysis was applied. This is based on the total cost of vessel reduction (4,576 billion won) assumed to be invested equally each year for five years. BCR and NPV with a discount rate (5.5%) were used to compare the profit of fishery activities in offshore and coastal areas. The model results showed that the NPV and BCR in offshore and coastal fisheries was 5,522 billion won and 2.340 respectively.

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References

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Cited by

  1. Direct Economic Effects and Optimal Vessel Reduction Scales in Coastal and Offshore Fisheries vol.27, pp.3, 2015, https://doi.org/10.13000/JFMSE.2015.27.3.821