Title: Health-related social cost from yellow dust in South Korea
Abstract:
Yellow dust is a typical transboundary environmental problem in Asia. South Korea is geographically very close to the source regions where yellow dust originates. A lot of research on the impact of yellow dust has been conducted in South Korea, primarily by natural scientists, focusing on its chemical compositions and its effect on water, air, and soil quality, etc. However, relatively few studies have been conducted on the social cost from yellow dust, particularly the health-related social cost. In the above context, this paper aims at analyzing health-related social cost from yellow dust in South Korea. In order to achieve the objective, this paper will be organized into five sections as follows.
Section 1: Two things will be introduced. One is the definition of yellow, and the other is when and how often yellow dust has occurred recently in South Korea.
Section 2: The concept of social cost will be explained in relation to human health, and then the analytic targets to be included in estimating the health-related social cost will be explained. The examples of the latter are the direct and indirect cost including loss of life and quality of life, direct medical cost, indirect economic loss (e.g. decrease in productivity, etc.), public financial burden, and external cost, etc.
Section 3: The methodologies to estimate health-related social cost will be introduced, following two phases. They are the analytical steps of health-related social cost and the methodologies for estimating health-related social cost. The examples of methodology include Integration of Environmental-Economic Evaluation Technique (IEEET), Input-Output Analysis (IOA), Contingent Valuation Method (CVM), Benefit Transfer Method (BTM), and Disability-Adjusted Life Year (DALY), etc.
Section 4: Some empirical researches that have estimated the health-related social cost caused by yellow dust in South Korea will be introduced. An important finding from the empirical researches is that the social cost estimated are different depending on the methodology to be used. What the differences imply will be discussed.
5. Concluding Remarks: Three agendas will be discussed. One is to examine the implications of industrialization which has been promoted for improving material affluence and convenient life since the 18th century, because industrialization has been the main source of environmental problems including yellow dust. Another one is the strategies on reducing health-related social cost from yellow dust. The other one is to examine the validity and reliability of the existing methodologies for estimating health-related social cost from yellow dust.


