Research Reports
A Feasibility Study for ｢2015 Damyang World Bamboo Expo, Korea｣
-
AuthorKim, Yonglyoul
-
Publication Date2011.09.30
-
Original
The purpose of this study is to examine feasibility of the 'Master Plan of 2015 Damyang World Bamboo Expo, Korea' and to analyze the following economic effect.
Key details of this study include an analysis of conditions of the bamboo industry in Damyang, examination of the master plan for the Expo, estimate of visitors, and examination of feasibility. To this end, we used existing data and statistics, and estimated the demand by means of survey for people's traveling and questionnaires for ordinary Koreans. For examining financial feasibility for hosting the Expo, BC ratio (Benefit-Cost Ratio) and NPV (Net Present Value) was applied. For estimating the economic effect following the Expo, the effect on all over the country and the Jeon-nam Province was analyzed, using the MRIO (Model of Regional Input-Output).
A theme of the ｢2015 Damyang World Bamboo Expo, Korea｣ is 'The Green Future found in Bamboo Wood' and a purpose of the Expo is to revisit the value of bamboo and the vision of Damyang's future. Damyang is known for the best place for bamboo's growth and the cultivation-area of the bamboo in Damyang is about 1,797 ha(25.5% nationwide).
In an analysis of economic feasibility test, both the financial feasibility and the economic feasibility show more than 1.0 BC ratio. Specifically, with the net effect of Expo, the economic feasibility test shows 1.48 BC ratio and 5,671 million won NPV. Furthermore, the Expo feeds through Damyang's regional economies with production induction effect, value-added induction effect, and employment induction effect. The amounts of regional effects are 192.9 billion won, 85.2 billion won, and 5,801 persons, respectively.
In summary, the ｢2015 Damyang World Bamboo Expo, Korea｣ was analyzed profitable in general. Residents in Damyang expects the Expo to bring vitalities into their hometown. The Expo is highly related to the development plan of Damyang and to the bamboo industries in the area.
Researchers : Yong-lyoul Kim, Kyeong-hwan Choi, Jun-pyo Hong, Ji-eun Lim
Research period : 2011. 5 ~ 2011. 9
E-mail address : kimyl@krei.re.kr, kyeong@krei.re.kr, jhong@krei.re.kr, jelim@krei.re.kr
- Next
- A Study on Improvements of Rice Production and Consumption Statistics
- Prev
- Policy Measure for Livestock Industry Progress