Abstract
This study aims to analyze the economic roles of steam and hot water supply sector in South Korea and Japan, respectively, and compare the results each other. To accomplish this, the 2019 input-output table of South Korea and the 2015 input-output table of Japan is utilized. By applying demand-side model, supply-side model, and Leontief price-side models, the study examines the production-inducing effect, value-added creation effect, wage-inducing effect, employment-inducing effect, supply shortage effect, and price-inducing effect. The results are as follows. First, the production-inducing effect, value-added creation effect, wage-inducing effect, and employment-inducing effect of same investment amount in the steam and hot water supply sector were greater in Japan than in South Korea. Second, while supply shortage effects in the steam and hot water supply sector were 1.45 times higher in Japan than in South Korea. On the other hand, the price-inducing effects in the steam and hot water supply sector were 8 times higher in South Korea than in Japan. The findings of this study can be utilized not only for inter-country comparisons but also for policy-making related to the steam and hot water supply sector.
Translated title of the contribution | Role of Steam and Hot Water Supply Industry in South Korean and Japanese National Economies : A Comparative Analysis |
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Original language | Korean |
Pages (from-to) | 45-65 |
Number of pages | 21 |
Journal | 에너지공학 |
Volume | 32 |
Issue number | 3 |
DOIs | |
State | Published - Sep 2023 |