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The purpose of this study is to create evaluation criteria and assign weighted values to the criteria so local investment examination committees can evaluate regional development projects.
In order to conduct this study, AHP (Analytic Hierarchy Process) was used. A survey questionnaire was completed by members of the Gyeongbuk Local Investment Examination Committee and public offices of Gyeongbuk Province and 23 city and county governments.
In this study, two principal aspects of regional development were considered: sustainability and adequacy of public investment. Two criteria were derived for examining sustainability. They were regional balance and innovation. Equity and efficiency were the two criteria used for examining adequacy of public investment.
To assign the weighted values, ten fields were classified. The results of the survey revealed that the weighted value for each criteria is different for the ten fields. Therefore, in order to evaluate the local investment examination efficiently, the committee should consider the characteristics of each project such as the ten fields. Also, the committee should adopt different weighted values for the criteria for evaluating the local investment examination.
