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Contribution of nuclear power to the national economic development in Korea

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  • Contribution of nuclear power to the national economic development in Korea
  • Lee, Manki; Nam, Kee-Yung; Jeong, Kiho; Min, Byungjoo; Jung, Young-eek
  • Korean Nuclear Society


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Title Contribution of nuclear power to the national economic development in Korea
Similar Titles
Material Type Reports
Author(English)

Lee, Manki; Nam, Kee-Yung; Jeong, Kiho; Min, Byungjoo; Jung, Young-eek

Publisher

[Daejeon]:Korean Nuclear Society

Date 2009-05
Journal Title; Vol./Issue Nuclear Engineering and Technology:vol. 41(no. 4)
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Holding Korean Nuclear Society

Abstract

Over the last three decades, nuclear technology development has played a vital role in the socio-economic development of the Republic of Korea. This study, being the first of its kind, focuses on quantifying the actual economic contribution of nuclear technologies to economic development by evaluating the net benefit of the nuclear power with respect to the country’s Gross Domestic Product (GDP). An input-output analysis was employed as a methodological approach to analyze inter-industrial economic activities by calculating the industrial value added as a means of the economic contribution during the period of 1980 to 2005. The industrial value added of nuclear technologies was estimated from the construction and operation of nuclear power (backward linked industrial value added) and from the industrial activities attributed to the electricity generated by the nuclear power (forward linked industrial value added). It was found that the total net contribution of nuclear technologies as a percentage share of GDP amounted to 2.38% in 2005.