• Title/Summary/Keyword: economic environment

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Oil consumption and economic growth: A panel data analysis

  • Lim, Kyoung-Min;Lim, Seul-Ye;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.23 no.3
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    • pp.66-71
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    • 2014
  • Oil is obviously vital for economic growth and industry development. This paper attempts to explore whether or not there is a inverted-U relationship between oil consumption and economic growth. To this end, we employ a panel data analysis with fixed effect or random effect models using the set of data from 61 countries for the year 1990-2008. In conclusion, a statistically significant inverted-U relationship between per capita consumption of oil and per capita GDP is found. However, the level of per capita GDP at the peak point of per capita oil consumption is estimated to be 65,072 in 2005 international constant dollars, which is much larger than economic scales of sampled countries. Thus, as per capita GDP grows, per capita oil consumption is predicted to increase until eventually reaching the peak.

Comparison of Environmental Economic Performance In South Korea and Germany

  • Choi, Jung-Su;Schoer, Karl;Schweinert, Stefan
    • Journal of Environmental Policy
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    • v.2 no.2
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    • pp.81-103
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    • 2003
  • This paper compares the environmental economic performance of the South Korean and the German economy during the last decade. The analysis is based on comparable data from the Environmental Economic Accounts (EEA). The EEA is a satellite account to the National Accounts which enhances the conventional economic accounts by a description of the interactions between the economy and the environment. The data from the EEA and the national accounts are fully compatible. In absolute terms the environmental pressures caused by economic activities were with regards to the environmental factors used for the analysis generally lower in South Korea than in Germany. If the use of environmental factors is related to each country's gross domestic product (environmental productivities) a lower level of environmental productivity can be observed for most of the environmental factors in South Korea compared to Germany. For example in 1999 energy and $CO_2$ productivity were about two fifths of the German level. This corresponds to the relation regarding labour productivity (Gross domestic product per employment).

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Analysis of Decentralized Energy using WADE Economic Model (WADE Economic Model에 의한 분산형전원 분석)

  • Kim, Yong-Ha;Woo, Sung-Min;Lee, Kwang-Sung
    • Journal of Energy Engineering
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    • v.17 no.2
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    • pp.88-99
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    • 2008
  • This paper analyzed quantitative effect on sorts of scenario for DE (Decentralized Energy) in the Korean Power System using WADE Economic Model. WADE Economic Model calculated shortage of power sales from the existing technologies above all. and it construct a new type of technologies according to sorts of scenario for DE. generating capacity and electricity generation is computed from this process. From now on can assess the side of environment meant $CO_2$, $NO_x$, $SO_x$, PM10 and cost meant electric retail cost that composed of construction, T&D, fuel, maintenance and environment.

Yield Loss Assessment and Determination of Economic Thresholds Limits against Soybean Anthracnose (콩탄저병의 피해 해석 및 요방제 수준 설정)

  • Moon, Youn-Gi;Lee, Jae-Hong;Choi, Jun-Keun;Kang, An-Seok;Han, Seong-Sook
    • The Korean Journal of Pesticide Science
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    • v.14 no.2
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    • pp.133-137
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    • 2010
  • A field investigation was carried out for two years to analyze yield loss due to soybean anthracnose caused by Colletotrichum truncatum and to determine its economic threshold limit. Anthracnose severity in terms of % diseased pods was negatively correlated with yield, number of normal seeds per plant and number of pods per plant, and positively correlated with % abnormal seeds with correlation coefficients of -0.85, -0.78, -0.64, and 0.80, respectively. A simple linear regression model was obtained as Y=-1.7781X+164.22 with $R^2$=0.8092, when the soybean yields (Y) were predicted using anthracnose severity (X) as an independent variable. The yield levels could be predicted as high as 80.92%. Based on this equation, spray threshold without economic considerations was estimated as 6.9 in % pods infected with anthracnose. Economic threshold limit and economic spray threshold able to compensate the costs of fungicide sprays were determined as 11.9% and 9.5%, respectively.

Structural Model Analysis of the Relationships Between Socio-economic Status of Family, Home Environment Stimulation, Children's Behavioral Problems, and Interactive Peer Play of Preschool Children (유아의 또래놀이 상호작용에 영향을 미치는 사회경제적 지위, 가정환경자극 및 유아의 행동문제 간의 구조적 관계)

  • Kim, Seri;Lee, Kangyi
    • Korean Journal of Childcare and Education
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    • v.12 no.6
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    • pp.41-58
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    • 2016
  • This study investigated the relationships between socio-economic status of family, home environment stimulation, children's behavioral problems, and interactive peer play of preschool children. Surveys of 2,150 Korean mothers with their preschool children(Mean age= 51.9 months) from the Panel Study of Korean Children by Korea Institute of Child Care and Education were analyzed using structural equation modeling. Each variable's confirmatory factor analysis showed the correlation coefficient below .85, which made a satisfactory level of discriminant validity. The model fit to the data well, with an agreeable level of index. The major findings were as follows. First, SES did not significantly affected children's interactive peer play. Second, SES significantly affected home environment stimulation and children's behavioral problems. And the relationship between SES and children's behavioral problems are significantly mediated by home environment stimulation. Third, the relationship between SES and children's interactive peer play are significantly mediated by home environment stimulation and children's behavioral problems. These results help better understand the paths among the home characteristics and children's behavioral problems on children's social development. Interpretation and implication of the results have been discussed.

The Economic Value of Residential Electricity Consumption in Seoul

  • Yoo, Seung-Hoon;Lee, Seung-Ryul
    • Journal of Energy Engineering
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    • v.21 no.1
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    • pp.81-85
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    • 2012
  • Electricity is the basic building block of economic development, and constitutes one of the vital infra-structural inputs in socio-economic development. The demand for electricity has been increasing due to extensive urbanization, industrialization, and a rise in the standard of living, as is the case with residential electricity consumption. This paper attempts to estimate the consumer surplus and the economic value of the residential consumption of electricity in Seoul to assist in decision-making in electricity management. The estimated consumer surplus represents the value of the area under the demand curve, above the actual price that is paid for residential electricity consumption. The estimated annual consumer surplus and economic value for the year 2005 amount to 2,144.7 and 3,727.4 billion won, respectively. The estimates per kWh were 184.9 and 316.0 won, respectively, which imply that the consumer surplus and the economic value of residential electricity consumption significantly outweigh the average price of electricity in 2005 of 91.1 won per kWh.

Analysis of Problems and Improvement of Environmental Impact Assessment in Social-Economic Items Based on 19 Major Large Scale Development Projects (주요개발사업의 환경영향평가서 분석을 통한 사회경제항목평가의 문제점과 개선방안)

  • Lee, Sang-Don
    • Journal of Environmental Impact Assessment
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    • v.13 no.4
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    • pp.165-185
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    • 2004
  • Assessment in Socio-economic items should be used to estimate social influence when policies and projects were introduced. To estimate current situation of socio-economic items 19 Environmental Impact Statement (EIS) of large scale projects were analyzed. The projects were selected based on magnitude of social impact when the projects were implemented. Environmental Impact Statement was categorized into line projects(road construction, railroad construction, stream development, etc), and surface projects(energy development, wetland reclamation, recreation and sport development, and housing and residential development, etc) thus being chosen for 19 projects in each categories. This report was based on the analysis of 7 items in socio-economic environmental items(i.e., population, residents, industry, public facilities, education, transport and historical monument). Most EIS did not follow the regulation suggested by Ministry of Environment, and only current circumstances were briefly described. Indifference of in-depth analysis of socioeconomic environmental items would influence the process of social and environment impact negatively in the midst of construction of National Projects such as Outer Circle Seoul Highways, Saemankeum Reclamation Projects, etc. This abrupt halt of construction was mostly based on a lack of public hearing or public participation. Socio-economic items are also very much lacking in quantitative method and strengthening socio-economic environmental items is needed via checklist or matrix that brings decision-makers better ideas objectively.

Causality Analysis of Oil Consumption, Oil-spills, and Economic Growth in Korea (한국의 석유소비, 해양유류유출사고, 경제성장의 인과관계 분석)

  • Jin, Se-Jun;Park, Se-Hun;Yoo, Seung-Hoon
    • Ocean and Polar Research
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    • v.40 no.4
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    • pp.271-280
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    • 2018
  • The purpose of this study is to examine the causal relationship among oil consumption, oil-tanker accidents, and economic growth, and to derive policy implications from the results. Therefore, this paper attempts to analyze the short term, long term, and strong causality factors pertaining to the relationship between oil consumption, oil-tanker accidents, and economic growth in Korea using time-series techniques and annual data for the 1984-2016 period. Tests for unit roots, co-integration, and Granger-causality based on an error-correction model are presented. The results show that bidirectional causality exists between oil consumption and oil-tanker accidents, between economic growth and oil consumption, and between oil-tanker accidents and economic growth. The study shows that oil was used as a core energy source during the rapid economic growth of Korea in the past, and that this caused the number of oil-tanker accidents to rise as oil consumption increased.

A Study on Socio-economic Impact Assessment System for Marine Oil Spill (유류유출시 사회경제적 영향평가 제도 연구)

  • Lee, Moon-Suk;Kwon, Suk-Jae;Park, Se-Hun
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.16 no.1
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    • pp.49-55
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    • 2010
  • Marine oil spill accidents not only devastates marine ecosystem but also Ins significant adverse socio-economic impact on local community whose living is dependent on clean marine system Although the Marine Environment Management Act of the Republic of Korea stipulates tim marine pollution impact survey must be conducted at the time of the oil spill, the articles do not provide specifics or concrete survey items for socio-economic impact assessment Moreover, there are redundancy questions in the provisions related to socio-economic impact assessment. This paper examined several difficulties encountered in carrying out the socio-economic impact assessment for marine oil spill as required in the law, and presented some recommendation., for the plan to improve the assessment mechanism systematically through the development of the research categories and indicators of socio-economic impact assessment.

Economic Valuation of the Korean Climate Change Mitigation and Adaptation Model (한국형 기후변화대응 분석모형의 경제적 가치)

  • Choi, Ie-Jung;Lee, Misuk
    • Journal of Korean Society for Atmospheric Environment
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    • v.30 no.3
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    • pp.270-280
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    • 2014
  • The objective of this research is to quantitatively valuate the economic value of analysis model related to climate change mitigation and adaptation. Due to the fact that the subject of this research, which is the Korean climate change mitigation and adaptation model, has not been actualized, a conjoint analysis applying stated preference data has utilized. As results, among the many attributes considered in this research, the value of the attribute related to reflecting Korea's current situation is analyzed to be largest in both greenhouse gas (GHG) mitigation model and climate change adaptation model. Additionally, if all the considered functional aspects are assumed to be feasible, the economic value of the Korean GHG mitigation model is assumed to be 60.3 billion Korean won(KRW) and the Korean climate change adaptation model is assumed to be 51 billion KRW.