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The impact of ICT investment and energy price on industrial electricity demand : Dynamic growth model approach

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  • The impact of ICT investment and energy price on industrial electricity demand
  • Cho, Youngsang; Lee, Jongsu; Kim, Tai Yoo
  • Elsevier Ltd.


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Title The impact of ICT investment and energy price on industrial electricity demand
Similar Titles
Sub Title

Dynamic growth model approach

Material Type Articles
Author(English)

Cho, Youngsang; Lee, Jongsu; Kim, Tai Yoo

Publisher

[London]:Elsevier Ltd.

Date 2007-05
Journal Title; Vol./Issue Energy Policy:vol. 35
Pages 16
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Science/Technology
Holding unknown

Abstract

The authors investigate the effects of information and communications technology (ICT) investment, electricity price, and oil price on the consumption of electricity in South Korea’s industries using a logistic growth model. The concept electricity intensity is used to explain electricity consumption patterns. An empirical analysis implies that ICT investment in manufacturing industries that normally consume relatively large amounts of electricity promotes input factor substitution away from the labor intensive to the electricity intensive. Moreover, results also suggest that ICT investment in some specific manufacturing sectors is conducive to the reduction of electricity consumption, whereas ICT investment in the service sector and most manufacturing sectors increases electricity consumption. It is concluded that electricity prices critically affect electricity consumption in half of South Korea’s industrial sectors, but not in the other half, a finding that differs somewhat from previous research results. (The rest omitted)