IDEAS home Printed from https://ideas.repec.org/a/sae/engenv/v25y2014i5p931-952.html
   My bibliography  Save this article

Assessing the Socio-Economic Effects of Korea's Nuclear Power Policy

Author

Listed:
  • Won-Sik Hwang
  • Inha Oh
  • Jeong-Dong Lee

Abstract

Although nuclear power is one of the most critical issues in Korean energy policy, there are few comprehensive studies on its direct and indirect economic impacts. In this study, we analyze the economic changes caused by alternative nuclear power policies, including caps for greenhouse gas (GHG) emissions. For this purpose, we construct three scenarios: Expansion, no change, and reduction in the share of nuclear power in total power generation. Methodologically, we develop a computable general equilibrium (CGE) model with detailed energy and electricity sector representation and apply the model by utilizing current and projected data on the Korean economy and its energy demand structure. The simulation results quantitatively demonstrate economic and welfare losses when the share of nuclear power in total power generation decreases.

Suggested Citation

  • Won-Sik Hwang & Inha Oh & Jeong-Dong Lee, 2014. "Assessing the Socio-Economic Effects of Korea's Nuclear Power Policy," Energy & Environment, , vol. 25(5), pages 931-952, July.
    • Handle: RePEc:sae:engenv:v:25:y:2014:i:5:p:931-952
    DOI: 10.1260/0958-305X.25.5.931
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1260/0958-305X.25.5.931
    Download Restriction: no
    File URL: https://libkey.io/10.1260/0958-305X.25.5.931?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Congressional Budget Office, 2012. "The 2012 Long-Term Budget Outlook," Reports 43288, Congressional Budget Office.
    2. Congressional Budget Office, 2012. "The 2012 Long-Term Budget Outlook," Reports 43288, Congressional Budget Office.
    3. Welsch, Heinz & Ochsen, Carsten, 2001. "Dismantling of nuclear power in Germany: sectoral and macroeconomic effects," Energy Policy, Elsevier, vol. 29(4), pages 279-289, March.
    4. Liu, Qiang & Shi, Minjun & Jiang, Kejun, 2009. "New power generation technology options under the greenhouse gases mitigation scenario in China," Energy Policy, Elsevier, vol. 37(6), pages 2440-2449, June.
    5. Congressional Budget Office, 2012. "The 2012 Long-Term Budget Outlook," Reports 43288, Congressional Budget Office.
    6. Congressional Budget Office, 2012. "The 2012 Long-Term Budget Outlook," Reports 43288, Congressional Budget Office.
    7. Lucas Bretschger & Lin Zhang & Roger Ramer, 2012. "Economic effects of a nuclear-phase out policy: A CGE analysis," CER-ETH Economics working paper series 12/167, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kazumasa Oguro, 2014. "Challenges confronting Abenomics and Japanese public finance ?Fiscal consolidation must start by squarely facing reality?," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 10(2), pages 301-318, August.
    2. Thomas Grennes, 2013. "Diminishing Quality of Fiscal Institutions in the United States and European Union," Cato Journal, Cato Journal, Cato Institute, vol. 33(1), pages 91-109, Winter.
    3. Nora Traum & Shu‐Chun S. Yang, 2015. "When Does Government Debt Crowd Out Investment?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 30(1), pages 24-45, January.
    4. Hans B. Christensen & Eric Floyd & Mark Maffett, 2020. "The Only Prescription Is Transparency: The Effect of Charge-Price-Transparency Regulation on Healthcare Prices," Management Science, INFORMS, vol. 66(7), pages 2861-2882, July.
    5. Jeffrey B. Liebman, 2013. "The Deterioration in the US Fiscal Outlook, 2001-2010," Tax Policy and the Economy, University of Chicago Press, vol. 27(1), pages 1-18.
    6. David Greenlaw & James D. Hamilton & Peter Hooper & Frederic S. Mishkin, 2013. "Crunch Time: Fiscal Crises and the Role of Monetary Policy," NBER Working Papers 19297, National Bureau of Economic Research, Inc.
    7. Joseph Steinberg, 2019. "On the Source of U.S. Trade Deficits: Global Saving Glut or Domestic Saving Drought?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 200-223, January.
    8. Christopher C. Afendulis & Michael E. Chernew & Daniel P. Kessler, 2013. "The Effect of Medicare Advantage on Hospital Admissions and Mortality," NBER Working Papers 19101, National Bureau of Economic Research, Inc.
    9. Shinichi Nishiyama, 2013. "Fiscal Policy Effects in a Heterogeneous-Agent Overlapping-Generations Economy With an Aging Population: Working Paper 2013-07," Working Papers 44941, Congressional Budget Office.
    10. Sebastian Rausch & Hidemichi Yonezawa, 2018. "The Intergenerational Incidence Of Green Tax Reform," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-25, February.
    11. Leonard E. Burman, 2013. "Pathways to Tax Reform Revisited," Public Finance Review, , vol. 41(6), pages 755-790, November.
    12. Michelangeli Valentina & Santoro Marika, 2013. "Households’ uncertainty about Medicare policy," The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 151-186, January.
    13. Jonathan A. Schwabish & Julie H. Topoleski, 2013. "Modeling Individual Earnings in CBO’s Long-Term Microsimulation Model: Working Paper 2013-04," Working Papers 44306, Congressional Budget Office.
    14. Jonathan M. Harris, 2019. "Responding to Economic and Ecological Deficits," GDAE Working Papers 19-01, GDAE, Tufts University.
    15. Leonard Burman, 2013. "Pathways to Tax Reform Revisted," Center for Policy Research Working Papers 155, Center for Policy Research, Maxwell School, Syracuse University.
    16. Cardon James H. & Moore Joel & Showalter Mark H., 2012. "The Distributional Effects of Health Reform Limits on Flexible Spending Accounts," Forum for Health Economics & Policy, De Gruyter, vol. 15(2), pages 1-24, November.
    17. Robert D. Lieberthal, 2016. "Hedging Medical Spending Growth: An Adaptive Expectations Approach," Applied Finance and Accounting, Redfame publishing, vol. 2(2), pages 57-64, August.
    18. D. Tverdokhlibova, 2018. "Theory and practice of the use of fiscal sustainability indicators," Economy and Forecasting, Valeriy Heyets, issue 3, pages 7-47.
    19. Katarzyna Zawalińska & Jouko Kinnunen & Piotr Gradziuk & Dorota Celińska-Janowicz, 2020. "To Whom Should We Grant a Power Plant? Economic Effects of Investment in Nuclear Energy in Poland," Energies, MDPI, vol. 13(11), pages 1-26, May.
    20. Welsch, Heinz, 2001. "The determinants of production-related carbon emissions in West Germany, 1985-1990: assessing the role of technology and trade," Structural Change and Economic Dynamics, Elsevier, vol. 12(4), pages 425-455, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:engenv:v:25:y:2014:i:5:p:931-952. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.