Abstract
The 4 major rivers restoration project (4RRP) requires the government to invest a lot of money. Regional economic effect is one of the main purposes of implementing the 4RRP. This paper attempts to measure the regional economic effects, focusing on regional employment-inducing effect and regional income-inducing effect. Regional employment-inducing effect is computed by excluding indirect effect and directly investigating the amount of employment. To this end, marginal propensity to consume, household consumption, household income should be derived.
We used working day data and government expenditure multiplier to measure local employment creation and income generation. As a result, the project creates 46,628 employments from 2009 to 25 August 2011 and generates 25 trillion won regional income for three years.
We used working day data and government expenditure multiplier to measure local employment creation and income generation. As a result, the project creates 46,628 employments from 2009 to 25 August 2011 and generates 25 trillion won regional income for three years.
| Translated title of the contribution | The Effects of the Four Major Rivers Restoration Project on Regional Economy |
|---|---|
| Original language | Korean |
| Pages (from-to) | 159-164 |
| Number of pages | 6 |
| Journal | 한국습지학회지 |
| Volume | 15 |
| Issue number | 2 |
| State | Published - May 2013 |
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