콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Industry and Technology Energy
Territorial Development Environment

Print

Assessing the effectiveness of the ‘green economic stimulus’ in South Korea evidence from the energy sector

Related Document
Frame of Image
  • Assessing the effectiveness of the ‘green economic stimulus’ in South Korea evidence from the energy sector
  • Mundaca, Luis; Damen, Beau
  • International Association for Energy Economics


link
Title Assessing the effectiveness of the ‘green economic stimulus’ in South Korea evidence from the energy sector
Similar Titles
Material Type Reports
Author(English)

Mundaca, Luis; Damen, Beau

Publisher

[Cleveland, U.S.] : International Association for Energy Economics

Date 2015-01
Pages 24
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Energy
Territorial Development < Environment
Holding IAEE
License

Abstract

The purpose of this paper is to provide an ex-post evaluation of the effectiveness of the South Korean Green New Deal (GND) as an instrument to deliver both an economic recovery and improved environmental performance. We use the energy sector as the main scope for our analysis when measured against climate-related indicators (e.g. CO2 emissions, energy intensity, share of renewable energy in supply mix) adopted by the South Korean government as part of a broader commitment to green growth. The research involves complimentary methods to assess the economic and environmental effectiveness of the GND at the macro-level; including the so-called ‘Three T test’, a time series variability analysis and an econometric assessment. From a pure economic perspective, results suggest that the GND has been relatively successful as traditional fiscal stimulus. However, the GND seems ineffective as an instrument of environmental policy; at least in the short-term. (The rest omitted)

User Note

Paper presented at the 38th International Association for Energy Economics (IAEE) International Conference, Antalya, Turkey, 25-27 May 2015.