지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술대회자료
- 저자정보
- 발행연도
- 2011.12
- 수록면
- 63 - 71 (9page)
이용수
초록· 키워드
오류제보하기
Electricity is important to manufacturing firms because industrial electricity is used for a variety of purposes as one of the most essential inputs in the production process. This paper attempts to estimate the economic value of electricity in the Korean manufacturing industry by employing the concept of the value of marginal product (VMP). We used the data gathered from a 2011 survey of 732 manufacturing firms and consider two types of production functions: the Cobb-Douglas and trans-log functions. The specification test indicated that the trans-log function was more appropriate for estimating the data. The industry-wide output elasticity and VMP of industrial electricity use were estimated to be 0.1279 and KRW 239 (USD 0.22) per kWh, respectively. Given that the average price of industrial electricity use was KRW 76.6 per kWh in 2010, the computed VMP is about three times larger than the price. Therefore, the electricity provides much more benefits than the price in manufacturing industry. The results have useful implications for various areas of industrial electricity management. For example, these include a cost-benefit analysis of new projects providing industrial electricity and making pricing policy of industrial electricity.
목차
1. Introduction
2. Model
3. Empirical Results
4. Concluding remarks
Reference
참고문헌 (0)
참고문헌 신청이 논문의 저자 정보
최근 본 자료
댓글(0)
0
UCI(KEPA) : I410-ECN-0101-2016-323-001230905