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http://dx.doi.org/10.5855/ENERGY.2014.23.2.083

Comparative Analysis on the Economic Effects of Integrated-Energy and Manufactured Gas Supply Sectors  

Park, So-Yeon (Department of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology)
Lee, Kyoung-Sil (Department of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology)
Yoo, Seung-Hoon (Department of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology)
Publication Information
Journal of Energy Engineering / v.23, no.2, 2014 , pp. 83-92 More about this Journal
Abstract
This paper attempts to conduct a comparative analysis on the economic effects of integrated-energy and manufactured gas supply sectors. To this end, an input-output (I-O) analysis is applied using most recently published 2011 I-O table. In particular, the two sectors are specified as exogeneous to identify the economic effects on own and other sectors. Production-inducing effect, value-added creation effect, and employment-inducing effect are quantified based on demand-driven model. Supply shortage effect and price pervasive effect are analyzed employing supply-driven model and Leontief price model, respectively. The results show that production-inducing effect, value-added creation effect, and employment-inducing effect of integrated-energy and manufactured gas supply sectors are estimated to be 1.5461 vs. 1.0297, 0.4759 vs. 0.1941, and 2.2885 vs. 0.4053 respectively. Price pervasive effects of the 10% increase in integrated-energy and manufactured gas supply sectors are computed to be 0.0127% and 0.1585%, respectively. This information can be utilized in forecasting the economic effects of introducing integrated-energy or manufactured gas as a heating source and the impacts of a rise in price of integrated-energy or manufactured gas on price level of other sectors.
Keywords
integrated-energy sector; manufactured gas supply sector; input-output analysis; exogenous specification;
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Times Cited By KSCI : 1  (Citation Analysis)
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