Abstract
The government of each country is making a policy of expanding recycling of wastes and waste-to-energy to mitigate the greenhouse gas emissions to cope with climate change. This paper attempts to analyze the economic effects of waste disposal & materials recycling services (WDMRS) sector using 2012 input-output (IO) table published in 2014. To this end, we deal with three sectors: waste disposal, materials recycling services, and WDMRS sectors. More specifically, the production-inducing effect, value-added creation effect, and employment-inducing effect of the WDMRS sector are investigated based on demand-driven model. The supply shortage effect and the price pervasive effect are also examined employing supply-driven model and Leontief price model, respectively. The results show that the production or investment of 1.0 won in the WDMRS sector induces the production of 1.9324 won and the value-added of 0.7217 won in the national economy. Moreover, the production or investment of 1.0 billion won, supply shortage of 1.0 won, and a price increase of 10.0% in the WDMRS sector touch off the employment of 15.2462 persons, production loss of 2.0589 won, and an increases in overall price level by 0.0699%, respectively. This quantitative information can be usefully utilized in assessment of the WDMRS sector-related investment and policy.
| Translated title of the contribution | An Analysis on the Economic Impacts of the Waste Disposal and Material Recycling Services Sector |
|---|---|
| Original language | Korean |
| Pages (from-to) | 247-259 |
| Number of pages | 13 |
| Journal | 한국폐기물자원순환학회지 |
| Volume | 32 |
| Issue number | 3 |
| DOIs | |
| State | Published - May 2015 |