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http://dx.doi.org/10.5855/ENERGY.2013.22.2.184

The Economic Impacts of Marine Bio-energy Development Project  

Kim, Tae-Young (Center for Promoting Utilization of R&D results, KIOST)
Jin, Se-Jun (Environment & Economics Assesment Section, KIOST)
Park, Se-Hun (Environment & Economics Assesment Section, KIOST)
Pyo, Hee-Dong (Department of Marine Business and Economics of Pukyoung National University)
Publication Information
Abstract
We need to develop new renewable energy that could fundamentally replace fossil fuel, since the volume of economy and industry of our time becomes uncontrollably enormous. One of the alternative is to develop energy based on marine biomass, which would meet environment and energy needs at the same time. The marine bio-energy productions is supposed to occupy 50% to 500 million TOE in bio-energy production that is based on the Korean 3rd new renewable energy technology development, utilization, supply plan until 2030. This study attempts to apply input-output analysis to investigating the economic impacts of marine bio-energy development project in the Korean national economy. More specifically, this study shows what national economy effect of production-inducing effect, value-added inducing effect, employment-inducing effect, and R&D-inducing effect are explored with demand-driven model. Furthermore, this study attempts to define and classify the marine bio-energy development project sector from I-O table. Also, this study pays particular attention to marine bio-energy development project by taking the industry as exogenous specification and then investigating its economic impacts. The Marine bio-energy development project case 223 billion won, production-inducing effect, value-added inducing effect, and employment-inducing effect are 312 billion won, 87 billion won, 1,151 persons, and 5 billion won respectively. These quantitative information can be usefully utilized in the policy-making for the industrialization of marine bio-energy development project.
Keywords
marine bio-energy; R&D-inducing effect; input-output analysis; demand-driven model; exogenous specification;
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Times Cited By KSCI : 3  (Citation Analysis)
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