Cost effectiveness analysis of the governmental financial support program for traditional market remodeling project
The sales of the traditional markets have declined sharply since the 2000s. Therefore, the government has employed various measures including diverse policy and economic support programs. However, despite the continuing financial support for modernizing the facilities of the traditional markets, the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2019-09-01
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| Series: | Journal of Asian Architecture and Building Engineering |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/13467581.2019.1666012 |
| _version_ | 1797755710996480000 |
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| author | Chul Jong Yoo Yea Sang Kim |
| author_facet | Chul Jong Yoo Yea Sang Kim |
| author_sort | Chul Jong Yoo |
| collection | DOAJ |
| description | The sales of the traditional markets have declined sharply since the 2000s. Therefore, the government has employed various measures including diverse policy and economic support programs. However, despite the continuing financial support for modernizing the facilities of the traditional markets, the effectiveness of each support has not been tested. Therefore, it is urgent to establish a clear direction for the support programs. This study analyzed the effectiveness (i.e., increase in sales) of the support for diverse market types in order to run the Traditional Market Financial Support Program efficiently. In order to achieve the study objective, this study collected annual sales data from 66 markets and statistically analyzed the data by market types and facility support type. The results of this study showed that the support increased the sales of markets and the increase in sales was different between support facility types and market characteristics. The results empirically proved the Traditional Market Facility Modernization Program increased the sales of traditional markets. The results of this study will be useful to manage the Traditional Market Facility Modernization Program efficiently. |
| first_indexed | 2024-03-12T17:51:07Z |
| format | Article |
| id | doaj.art-ff6c0c27ab44447d9a41455767962964 |
| institution | Directory Open Access Journal |
| issn | 1347-2852 |
| language | English |
| last_indexed | 2024-03-12T17:51:07Z |
| publishDate | 2019-09-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Journal of Asian Architecture and Building Engineering |
| spelling | doaj.art-ff6c0c27ab44447d9a414557679629642023-08-03T09:07:49ZengTaylor & Francis GroupJournal of Asian Architecture and Building Engineering1347-28522019-09-0118540442010.1080/13467581.2019.16660121666012Cost effectiveness analysis of the governmental financial support program for traditional market remodeling projectChul Jong Yoo0Yea Sang Kim1Haemilcm CorporationSungkyunkwan UniversityThe sales of the traditional markets have declined sharply since the 2000s. Therefore, the government has employed various measures including diverse policy and economic support programs. However, despite the continuing financial support for modernizing the facilities of the traditional markets, the effectiveness of each support has not been tested. Therefore, it is urgent to establish a clear direction for the support programs. This study analyzed the effectiveness (i.e., increase in sales) of the support for diverse market types in order to run the Traditional Market Financial Support Program efficiently. In order to achieve the study objective, this study collected annual sales data from 66 markets and statistically analyzed the data by market types and facility support type. The results of this study showed that the support increased the sales of markets and the increase in sales was different between support facility types and market characteristics. The results empirically proved the Traditional Market Facility Modernization Program increased the sales of traditional markets. The results of this study will be useful to manage the Traditional Market Facility Modernization Program efficiently.http://dx.doi.org/10.1080/13467581.2019.1666012traditional marketfacility modernization financial support programmarket characteristics |
| spellingShingle | Chul Jong Yoo Yea Sang Kim Cost effectiveness analysis of the governmental financial support program for traditional market remodeling project Journal of Asian Architecture and Building Engineering traditional market facility modernization financial support program market characteristics |
| title | Cost effectiveness analysis of the governmental financial support program for traditional market remodeling project |
| title_full | Cost effectiveness analysis of the governmental financial support program for traditional market remodeling project |
| title_fullStr | Cost effectiveness analysis of the governmental financial support program for traditional market remodeling project |
| title_full_unstemmed | Cost effectiveness analysis of the governmental financial support program for traditional market remodeling project |
| title_short | Cost effectiveness analysis of the governmental financial support program for traditional market remodeling project |
| title_sort | cost effectiveness analysis of the governmental financial support program for traditional market remodeling project |
| topic | traditional market facility modernization financial support program market characteristics |
| url | http://dx.doi.org/10.1080/13467581.2019.1666012 |
| work_keys_str_mv | AT chuljongyoo costeffectivenessanalysisofthegovernmentalfinancialsupportprogramfortraditionalmarketremodelingproject AT yeasangkim costeffectivenessanalysisofthegovernmentalfinancialsupportprogramfortraditionalmarketremodelingproject |