This study estimates the optimal amount of investment required for BPA and analyses its effects on Busan regional economy. The analysis shows that the effect is not as much as expected, and we find that one of main reasons for this is due to the opera...
This study estimates the optimal amount of investment required for BPA and analyses its effects on Busan regional economy. The analysis shows that the effect is not as much as expected, and we find that one of main reasons for this is due to the operation and management limits of BPA by the Port Authority Law, which makes 30% of its total revenue revert to central government. In order to maximize the effects, then, this study suggests that the current Port Authority Law, which empowers central government to control the entire operation and management of port, should be amended to increase the port autonomy by allowing PA to control the management and operation. Additionally, for the enhancement of the competitiveness of the Port of Busan and the successive operation of BPA, it emphasizes the reorganization of port and logistics- related administrative body of Busan City and the building of cooperative system between the City and BPA.