Next Article in Journal
How Urbanization Economies Impact TFP of R&D Performers: Evidence from China
Previous Article in Journal
Attitudes of the Lifestyle of Health and Sustainability Segment in Hungary
Article Menu

Export Article

Open AccessArticle
Sustainability 2017, 9(10), 1764; doi:10.3390/su9101764

Heterogeneous Value of Water: Empirical Evidence in South Korea

1
Department of International Economics and Trade & Global Sustainable Development Economics Institute, Sunmoon University, Asan 31460, Korea
2
Korea Research Institute for Human Settlements, 5 Gukchaegyeonguwon-ro, Sejong 30149, Korea
3
Korea Environment Institute, 370 Sicheong-daero, Sejong 30147, Korea
4
National Assembly Research Service, Seoul 07233, Korea
5
Program in Environmental Technology and Policy, Department of Environmental Engineering, Korea University, Sejong 30019, Korea
*
Author to whom correspondence should be addressed.
Received: 6 September 2017 / Revised: 24 September 2017 / Accepted: 26 September 2017 / Published: 29 September 2017
View Full-Text   |   Download PDF [1621 KB, uploaded 29 September 2017]   |  

Abstract

Anthropogenic pressures have exacerbated self-sustaining river services, and growing concerns over sustaining river system become global problematic issues that lead us to implement river restoration projects. Of those projects, governing diverse needs and desires from stakeholders for those who have various water values are key elements of identifying the success of the project. In fact, the Korean government has had concern over restoring the rivers which brings to construct 16 weirs in four major rivers and may fail to achieve main goal of the project, which is to ameliorate water quality. In this study, principle component analysis and multinomial logit model were executed to investigate major socioeconomic variables to influence water values in terms of sustainability in Korea. Evitable evidences have been found that age, income, education level, and city dwelling are the most effective variables to estimate water values. In addition, a monotonous water development project and a myopic view could cause major dejection across the nation and may lead to the failure of water governance. Unfortunately, the latter may be observed in Korea as one of the reasons for the recent amplification of major conflicts. View Full-Text
Keywords: multinomial logit model; principle component analysis; river; sustainable development; water value multinomial logit model; principle component analysis; river; sustainable development; water value
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Lee, Y.; Cho, S.; Han, H.; Kim, K.; Hong, Y. Heterogeneous Value of Water: Empirical Evidence in South Korea. Sustainability 2017, 9, 1764.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top