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An Analysis of Regional Interindustry Effect of Ground Water in Jeju Island

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  • Sung, Myunghwan

Abstract

Climate change, shortage of water and environment pollution have become a big issue all over the world. In the case of Jeju Island, it is completely dependent on subterranean water for not only drinking water but also public water, industrial water and agricultural water because of its hydrogeological condition unlike the inland. The primary objective of this study is to analyze the correlations of the ground water with the local economy and industry and to evaluate the economical value of the ground water in Jeju Island. The effect of the water industry was analyzed in a scenario using the regional input-output table. It is forecasted that the economic value of the ground water of Jeju Island will be escalated, and thus it is necessary to extend the range of the ground water-based industry to high value-creating businesses connected to tourism and the service industry. A comprehensive countermeasure needs to be devised to create economic value and evaluate the quality of life of Jeju residents.

Suggested Citation

  • Sung, Myunghwan, 2011. "An Analysis of Regional Interindustry Effect of Ground Water in Jeju Island," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 34(5), December.
    • Handle: RePEc:ags:jordng:330545
    DOI: 10.22004/ag.econ.330545
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    Resource/Energy Economics and Policy;

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