콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology Energy
Territorial Development Environment

Print

The external benefits of research and development investment in waste-to-energy technology in Korea

Related Document
Frame of Image
  • The external benefits of research and development investment in waste-to-energy technology in Korea
  • Lim, Seulye; Kim, Hyojin; Yoo, Seunghoon
  • Asian Society for Innovation and Policy


link
Title The external benefits of research and development investment in waste-to-energy technology in Korea
Similar Titles
Material Type Articles
Author(English)

Lim, Seulye; Kim, Hyojin; Yoo, Seunghoon

Publisher

[Daejeon, South Korea]:Asian Society for Innovation and Policy

Date 2016
Journal Title; Vol./Issue Asian Journal of Innovation and Policy:vol. 5(issue 2)
Pages 17
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Territorial Development < Environment
Holding KISTI

Abstract

The Korean government considers expanding the WtE share of total energy from 1% to 5% by 2020 through research and development (R&D) in waste-to-energy (WtE) technologies. This study attempts to measure the external benefits of investing in R&D in these technologies. To this end, a contingent valuation (CV) is employed. More specifically, a 2016 national survey of randomly selected 1,000 households was carried out across the nation to gauge the willingness to pay (WTP) for the investment. One-and-one-half-bounded dichotomous choice question was used in the CV survey, and the spike model was applied to dealing with zero WTP responses. The mean yearly WTP is estimated to be KRW 4,175 (USD 3.57) per household, which is statistically significant at the 1% level. Expanding the value to the entire nation translates into an investment of about KRW 79.1 billion (USD 67.6 million), which can be interpreted as the annual external benefit of the R&D investment in WtE technology.