우리나라 社會間接資本 스톡의 推計

The Estimation of Social Overhead Capital Stock in Korea

It is believed that social overhead capital(SOC) is one of the essential contributors for economic growth in both developed and developing countries. Recently in Korea. public is irate over the problems caused- by insufficient investment in the social overhead capital(SOC). Congestion problems in harbour capacity as well as highway. urban main roads are in the public eye. Hence. with limited resources. government has to invest in infrastructure. Therefore. it is necessary to plan the SOC system properly to cope with the future challenging demands. This study develops the methods of estimating the stock of social overhead capital in Korea. Polynomial benchmark year approaches were used to derive the depreciation rate and increase in SOC stock was estimated. In Korea. stock in social overhead capital was not increased proportionally in relation to the amount of sectoral investment. This was caused mainly by rapid increase in land price.