The Korea Spatial Planning Review 2023 KCI Impact Factor : 1.2
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pISSN : 1229-8638
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An Experiment Approach for Evaluating Effects of River Restoration on Regional Economy
- The Korea Spatial Planning Review
- 2009, 61(), pp.161-173
- DOI : 10.15793/kspr.2009.61..009
- Publisher : 국토연구원
- Research Area :
Chongwon Kim 1, Han, Dong-Geun 2
1국토연구원
2영남대학교
Accredited
ABSTRACT
This paper offers a regional economic model that takes into account river restoration project. The model shows the mechanism in which amenity produced by restored river generates impacts on regional production, investment, and consumption.
Our model connects amenity produced by restored river with production, investment, accumulation of capital stocks, and consumption in a way that dynamic movements of those variables can be traced. The amenity service has impacts on regional economy in two ways. Firstly, opportunities of leisure and outdoor activities created by water front stimulate consumption and investment. That is demand-side effect of river restoration. Secondly, amenity improves quality of environment, which in turn raises total factor productivity in regional production function.
This paper suggests that the river restoration project could create much wider impact than generally thought to do, and improves regional economic growth rate as well as environmental quality.
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