신재생에너지 확대와 에너지 저감이GDP에 미치는 영향
Impact of Renewable Energy Expansion and Energy Reduction on GDP in Korea
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This study examined whether the Korean GDP would be affected by long term governmental energy and renewabletargets based on the time varying efficiency of the SFA production function approach with international panel statistics. Theefficiencies of Korea were estimated to be 0.43~0.51. Korea has potential for efficiency improvement considering its distance from thefrontier. According to the simulation, 16,692 million dollars of GDP loss can occur from fulfilling the energy and renewable targetuntil 2035. On the other hand, if the efficiency increases as estimated, the loss will be surpassed; 264,692 million dollars of GDP willbe added even considering the loss simultaneously. Therefore, the energy plan can cause some GDP loss, but the loss would beacceptable if efficiency improved; even Korea has potential for the substitution of more renewable energy.
Abstract
This study examined whether the Korean GDP would be affected by long term governmental energy and renewabletargets based on the time varying efficiency of the SFA production function approach with international panel statistics. Theefficiencies of Korea were estimated to be 0.43~0.51. Korea has potential for efficiency improvement considering its distance from thefrontier. According to the simulation, 16,692 million dollars of GDP loss can occur from fulfilling the energy and renewable targetuntil 2035. On the other hand, if the efficiency increases as estimated, the loss will be surpassed; 264,692 million dollars of GDP willbe added even considering the loss simultaneously. Therefore, the energy plan can cause some GDP loss, but the loss would beacceptable if efficiency improved; even Korea has potential for the substitution of more renewable energy.
참고문헌 (32)
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