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http://dx.doi.org/10.5855/ENERGY.2015.24.2.059

A Comparative Analysis on the Economic Effects of the Electricity Industry of Korea and Japan  

Lee, Seung-Jae (School of Business administration, Baekseok Culture University)
Euh, Seung Seub (Department of Energy Policy, School of Energy & Environment, Seoul National University of Science & Technology)
Yoo, Seung-Hoon (Department of Energy Policy, School of Energy & Environment, Seoul National University of Science & Technology)
Publication Information
Journal of Energy Engineering / v.24, no.2, 2015 , pp. 59-71 More about this Journal
Abstract
This study attempts to examine the economic impacts of electricity industry in Korea and Japan using an inter-industry analysis. Specifically, the study analyzes and compares electricity industry between Japan and Korea through production-inducing effect and value added inducing effect of electricity industry based on demand-driven model. Moreover, this study deals with supply shortage effect and sectoral price effect by using supply-driven model and Leontief price model, respectively. This study analyses the electricity industry through exogenous approach. The results show that electricity industry induces prodution-inducing effect of 0.5946 won in other industries in Korea and 0.5446 yen in other industries in Japan. Value-added-inducing effects are 0.1716 won in other in other industries in Korea and 0.2929 yen in other industries in Japan. Supply shortage effects of electricity industry are 1.5932 won in other industries in Korea and 1.2801 yen in other industries in Japan. And sectoral price effects are 0.2113% in Korea and 0.2196% in Japan due to the price increase of 10% of electricity industry.
Keywords
Electricity industry; Inter-industry analysis; Demand-driven model; supply-driven model; Leontief price model; Exogenous specification;
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