Browse > Article
http://dx.doi.org/10.7842/kigas.2016.20.4.7

The Economic Effect of Industrial Investment on North Korea Energy and Natural Gas  

Kim, Hyoung-Tae (KOGAS Research Institute New Energy Technology Center, Dept. of Industrial and Systems Engineering, Kongju National University)
Chae, Jung-Min (KOGAS Research Institute New Energy Technology Center, Dept. of Industrial and Systems Engineering, Kongju National University)
Cho, Young-Ah (KOGAS Research Institute New Energy Technology Center, Dept. of Industrial and Systems Engineering, Kongju National University)
Kim, Jin-Ho (KOGAS Research Institute New Energy Technology Center, Dept. of Industrial and Systems Engineering, Kongju National University)
Publication Information
Journal of the Korean Institute of Gas / v.20, no.4, 2016 , pp. 7-14 More about this Journal
Abstract
The economic crisis in North Korea has reduced its capacity to invest in the energy industries. The country is going through a vicious cycle of decreased investment in the energy industries and reduced energy production. This suggests that the energy industries would come to the top priority of investment once the economy improves. This paper calculated the economic ripple effect of the investment on North and South Korean economies based on the assumption that 390 billion won was invested in the construction of a natural gas combined-cycle power plant in Gaesong Industrial Complex. In order to analyze the economic ripple effect of the investment on North Korean economy, we constructed the inter-industry relation table of North Korea for year 2014 and used the input-output model. The ripple effect of the investment in the natural gas industry turned out to be 1.012 billion dollars. In order to analyze the effect of the investment on South Korean economy, we constructed the inter-industry relation table of South Korea for year 2013 and used the demand-driven model for inter-industry analysis. As a result, production, added-value and employment inducement coefficients of the investment in the natural gas industry were calculated as 2.02073, 0.62697 and 8.99409 respectively.
Keywords
economic effect; natural gas industry; input-output model; input-output analysis; demand-driven model; production-inducing effect;
Citations & Related Records
연도 인용수 순위
  • Reference
1 김규륜, 남북한 에너지분야 교류협력 발전방향, 통일연구원(2001)
2 정우진, 남북한 에너지교류에 따른 북한의 경제적 파급효과분석, 에너지경제연구원(2004)
3 양의석, 북한 에너지산업 infra 투자효과의 경제 부문별 파급경로 분석 연구, 북한에너지 infra설비 투자의 우선순위 분석, 에너지경제연구원 (2005)
4 김경술, 남북에너지협력 프로젝트별 추진방안 분석 연구, 에너지경제연구원(2012)
5 신동천.이석기, 북한 산업구조와 대북투자의 효과분석-산업연관분석을 중심으로, 산업연구원 (2014)
6 J, S.J. and Yoo, S. H.: J. Energy Engineering, vol. 22, no. 1, 17-27, (2013)   DOI
7 Heo, J.Y., Yoo, S.H., Kwak, S.J. : Economics, Planning, and Policy, vol. 5, no. 4, 327-336, (2010)
8 Miller, R. E., Polenske, K. R., Rose, A. Z. : Oxford University Press, (1989)
9 북한통계(http://kosis.kr/bukhan), 북한의 주요 통계지표