The Economic Impact of the Smart Grid Industry by using Input-Output Analysis 


Vol. 35,  No. 8, pp. 1241-1250, Aug.  2010


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  Abstract

With the expanding concept of Smart Grid, it is widely used by mixing with various industries, and therefore the potential and value of Smart Grid should be verified and evaluated. To this end, this study is conducted to look at industrial fields that can be expanded by mixing with Smart Grid, and based on it, draw an economic ripple effect of the Smart Grid industry. To grasp the spread direction of the Smart Grid industry, Our study focused on Smart Grid participants and new businesses that can be derived. Through this, energy, construction, home appliances, and automobile industries are selected as convergence businesses. Our study estimated an economic effect by drawing generation rates from input-output tables that applies the selected industry fields and Korean projections. According to the result, effect on total production inducement will be about 77 trillion won, effect on total value added inducement will be about 24 trillion won, and effect on total employment inducement will be about 31 trillion won. Through this, various functions of Smart Grid and the ripple effects on national economy could be expected.

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  Cite this article

[IEEE Style]

Y. J. Kim, B. S. Cho, J. B. Sim, "The Economic Impact of the Smart Grid Industry by using Input-Output Analysis," The Journal of Korean Institute of Communications and Information Sciences, vol. 35, no. 8, pp. 1241-1250, 2010. DOI: .

[ACM Style]

You Jin Kim, Byung Sun Cho, and Jin Bo Sim. 2010. The Economic Impact of the Smart Grid Industry by using Input-Output Analysis. The Journal of Korean Institute of Communications and Information Sciences, 35, 8, (2010), 1241-1250. DOI: .

[KICS Style]

You Jin Kim, Byung Sun Cho, Jin Bo Sim, "The Economic Impact of the Smart Grid Industry by using Input-Output Analysis," The Journal of Korean Institute of Communications and Information Sciences, vol. 35, no. 8, pp. 1241-1250, 8. 2010.

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pISSN : 1226 - 4717
eISSN : 2287 - 3880