The economic impacts of Pacific ocean Deep-sea manganese nodule development project
- The economic impacts of Pacific ocean Deep-sea manganese nodule development project
- Yoo, S.-H.; Jeong, D.-W.; Park, S.-H.
- KIOST Author(s)
- Park, Se Hun(박세헌)
- The securing of raw material is an important requirement for economic development. Many countries, including Korea, actively seek out a stable supply of minerals such as manganese. Manganese nodules are rock concretions on the sea bottom formed of concentric layers of iron and manganese hydroxides around a core and include several strategic minerals necessary for economic development. In particular, the manganese nodule development project (MNDP) plays an important role in the Korean national economy. This study attempts to apply input-output (I-O) analysis in investigating the economic impacts of the MNDP in the Korean national economy. A static I-O framework was employed, focusing on four topics in its application; the production-inducing impacts, the value-added-inducing impacts, the employment-inducing impacts and R&D-inducing impacts of MNDP investments on other sectors. To this end, several versions of the demand-driven models are utilized. In addition, inter-industry linkage analysis is performed to obtain information on the forward and backward linkage effects of industries, including MNDP, to quantify the strength of causation among these industries.
- Ocean and Polar Research, v.32, no.4, pp.489 - 499, 2010
- deep sea; development project; economic impact; input-output analysis; manganese nodule; numerical model; resource development; Pacific Ocean
- Deep-sea manganese nodule; Demand-driven model; Economic impact; Input-output analysis; Pacific ocean
- Related Researcher
Economics Analysis of the Ocean Science and Technology,Marine Industry Policy,해양과학기술 경제성 분석,해양산업정책
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