Abstract
The electric power industry has played an important role in the dramatic economic development in Korea, and electricity has become a critical factor sustaining the well-being of the Korean people. This study uses input-output analysis to investigate the role of the four electric power sectors (hydroelectric, fossil-fuels, nuclear and non-utility) in the Korean national economy for the period 1985-1998, focusing on three topics: the impact of electricity supply investment on individual sectors and the inter-industry linkage effect; the electricity supply shortage effect; and the impact of the rise in electricity rates on prices of other products. The overall results reveal that the non-utility electric sector is superior in terms of national economy-wide effects to the other three sectors throughout the period. Finally, potential uses of the results are illustrated from the perspective of policy instruments and some policy implications are discussed.
| Original language | English |
|---|---|
| Pages (from-to) | 1531-1543 |
| Number of pages | 13 |
| Journal | Energy Policy |
| Volume | 32 |
| Issue number | 13 |
| DOIs | |
| State | Published - Sep 2004 |
Keywords
- Electric power industry
- Input-output analysis
- Restructuring
