Role of the Natural Gas Supply Industry in the Korean National Economy: An Input-Output Analysis
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Increasing demand for natural gas (NG) and technical developments in the NG supply industry have required that researchers provide policy makers with accessible and reliable information regarding the role of the NG supply industry in the national economy. This paper attempts to apply a static input-output (I-O) analysis to examining the role of the NG supply sector in the Korean national economy. To this end, demand-driven model, supply-driven model, and Leontief price model are discussed and employed. This study pays particular and close attention to the NG supply sector by taking the sector as exogenous and then investigating economic impacts of it. Production-inducing effects and supply-shortage effects of the NG supply sector, and the impacts of price change in the sector on industrial prices and overall price level are analyzed.
Abstract
Increasing demand for natural gas (NG) and technical developments in the NG supply industry have required that researchers provide policy makers with accessible and reliable information regarding the role of the NG supply industry in the national economy. This paper attempts to apply a static input-output (I-O) analysis to examining the role of the NG supply sector in the Korean national economy. To this end, demand-driven model, supply-driven model, and Leontief price model are discussed and employed. This study pays particular and close attention to the NG supply sector by taking the sector as exogenous and then investigating economic impacts of it. Production-inducing effects and supply-shortage effects of the NG supply sector, and the impacts of price change in the sector on industrial prices and overall price level are analyzed.
참고문헌 (17)
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