Abstract
Deep sea water (DSW), accounting for 95% of all sea water, generally refers to sea water from a depth of more than 200m. Recently, the utilization of DSW is receiving much attention due to its high productivity, large quantity, and potential for recycling energy. The Unites States and Japan have already utilized DSW in various areas such as fishing, food, beverage, cosmetics, and medicine. Moreover, Korea is about to launch DSW products in market. This paper attempts to analyze the economic effects of industrializing the DSW on national economy. More specifically, production-inducing effect, value-added inducing effect, and employment-inducing effect are explored. The study pays particular and close attention to the DSW products sector by taking the sector as exogenous and then investigating economic impacts of it. The market size of the DSW products in 2010 is estimated as 56.9 billion won, and the production-inducing effect, value-added inducing effect, and employment-inducing effect of industrializing the DSW are measured to be 1,055.6 billion won, 437.9 billion won, and 9,311 persons, respectively. These quantitative information can be usefully utilized in the policy-making for the industrialization of the DSW.
| Translated title of the contribution | The Effects of Industrializing the Deep Sea Water on the National Economy using Inter-Industry Analysis |
|---|---|
| Original language | Korean |
| Pages (from-to) | 1345-1357 |
| Number of pages | 13 |
| Journal | 산업경제연구 |
| Volume | 20 |
| Issue number | 4 |
| State | Published - Jun 2007 |