Abstract
Korean government is driving the large telescope development project to improve the level of astronomical research. The objective of this study is to assess the economic effects of Korean large telescope project by employing a contingent valuation method (CVM) to provide policy-makers with useful and responsible information. According to estimating results, annually willingness to pay per household is 1,416 Korean Won. Consequently, the annual benefit of large telescope project is about 240.8 billion Korean won. This result contributes to provide policy makers with the quantitative information and for economic feasibility.
| Translated title of the contribution | A Study on the Economic Effects of Korean Large Telescope Project |
|---|---|
| Original language | Korean |
| Pages (from-to) | 40-59 |
| Number of pages | 20 |
| Journal | 기술혁신학회지 |
| Volume | 14 |
| Issue number | 1 |
| State | Published - Mar 2011 |