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Measures for the Improvement of Feasibility Studies and Investment Reviews: Identification and Verification of Major Project Sectors Considering Balanced Regional Development

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  • Heecheol Shim

    (Public Investment Analysis Center, Chungbuk Institute, Cheongju 25817, Chungbuk, Korea)

  • Jaehwan Kim

    (Department of Real Estate Studies, Kongju National University, Yesan, Gongju-si 32439, Chungnam, Korea)

Abstract

This study identified the balanced development indicators that affected the results of the 2019 central investment review of local financial investment projects in South Korea. Factors with positive B values and categorized under the sectors of safety, health, and social welfare were given greater weight during the investment review. Based on the empirical analysis results and verification of the findings using sector-specific weights, this study proposed measures to improve investment reviews of local financial projects considering balanced regional development. We believe that our study makes a significant contribution to the literature because there is a lack of empirical studies on the topic, especially those using sector-specific weights based on investment review criteria. Further, we believe that this paper will be of interest to the readership of your journal because it addresses balanced regional development, which is considered a prerequisite for sustainable economic growth.

Suggested Citation

  • Heecheol Shim & Jaehwan Kim, 2020. "Measures for the Improvement of Feasibility Studies and Investment Reviews: Identification and Verification of Major Project Sectors Considering Balanced Regional Development," Sustainability, MDPI, vol. 12(22), pages 1-14, November.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:22:p:9531-:d:445772
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