Abstract
The Korean government is actively promoting the hydrogen industry as a key driver of economic growth. This commitment is evident in the 2019 hydrogen economy activation roadmap and the 2021 basic plan for hydrogen economy implementation. This study quantitatively analyzes the economic impact of the hydrogen economy using input-output analysis based on the Bank of Korea's 2019 input-output table, projecting its size by 2050. Four parts dealt with production-inducing, value-added creation, employment-inducing, and wage-inducing based on a demand-driven model. The results reveal that transportation had the most remarkable economic effect throughout the hydrogen economy, and production was the least. The hydrogen economy is projected to reach 71.2 trillion won by 2050.
| Translated title of the contribution | Measuring the Economic Impacts of Hydrogen Economy in South Korea: An Input-output Approach |
|---|---|
| Original language | Korean |
| Pages (from-to) | 398-412 |
| Number of pages | 15 |
| Journal | 한국수소및신에너지학회논문집 |
| Volume | 34 |
| Issue number | 5 |
| DOIs | |
| State | Published - Oct 2023 |