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REFERENCE LINKING PLATFORM OF KOREA S&T JOURNALS
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Environmental and Resource Economics Review
Journal Basic Information
Journal DOI :
Korean Resource Economics Association
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Volume & Issues
Volume 22, Issue 4 - Dec 2013
Volume 22, Issue 3 - Sep 2013
Volume 22, Issue 2 - Jun 2013
Volume 22, Issue 1 - Mar 2013
Selecting the target year
Estimation of willingness to pay of workers who are engaged in nuclear power R&D projects to avoid exposure to radioactive matters by using a choice experiment
Bae, Jeong Hwan ;
Environmental and Resource Economics Review, volume 22, issue 3, 2013, Pages 411~435
DOI : 10.15266/KEREA.2013.22.3.411
Since catastrophe from explosion of Hukushima nuclear power plant, concerns over possibility of exposure to radioactive matter has been disseminating all over the world and frequent accidents of domestic nuclear power plants also has been amplifying throughout the nation. In the past, major focus was made on compensation for local residents who live nearby nuclear power plants, but focal point of this study is on wage premium of workers who are employed in R&D of nuclear power plants. It is difficult to derive socially desirable result if private sectors are responsible for compensation on workers who suffer from physical damages due to the exposure to radioactive matter. Because victims should verify the damages that occur in the working places. This study conducted a survey on which job would prefer the respondents who are engaged with the nuclear R&D projects as exposure levels to radioactive matter, security of job, location of firms, and work intensity differ. As a result, exposure to radioactive matter was the most important attribute in choosing alternative jobs followed by job security, work intensity and job location. Annual willingness to pay for reduction of exposure to radioactive matter was estimated as 7730~7770 thousand KRW depending on different econometric models. Therefore, Korean government should prepare institutional foundation in order that appropriate compensation should be made on workers who are engaged in R&D projects on nuclear power plants if they have damages from the exposure to radioactive matter.
Effect of Awareness on the Change of Polluting Emission - Analysis of the Environmental Kuznets Curve Hypothesis-
Kang, Heechan ;
Environmental and Resource Economics Review, volume 22, issue 3, 2013, Pages 437~457
DOI : 10.15266/KEREA.2013.22.3.437
The purpose of this study is to explain the causes of the phenomenon that the Environmental Kuznets Curve hypothesis suggests that the increasing the emissions level of environmental pollutants starting to decrease as a certain income level is reached, associating microeconomic variables such as awareness level. Effects of the level of awareness differs depending on the characteristics of the impacts of pollutants- either regional or global. Furthermore, the study identifies that the impacts on the change in emissions inventory differ. The study empirically examines and concludes that the turning point where the emission level of environmental pollutants starts to decrease is over- or under-estimated if the differing responses between the level of awareness and its effect on pollutants are ignored. In addition, the level of emissions starts to decrease at a lower level of income in case of regional effect from pollutant than the global effect from it. Finally, the study implies that investing more efforts and resources to improve the level of people's awareness on environmental quality is effective if the government is to alter the increasing path of emission level.
Comparison of Potential CO
Reduction and Marginal Abatement Costs across Sectors and Provinces in the Chinese Manufacturing Industries
Jin, Yingmei ; Lee, Myunghun ;
Environmental and Resource Economics Review, volume 22, issue 3, 2013, Pages 459~479
DOI : 10.15266/KEREA.2013.22.3.459
To assess the feasibility of 'low carbon, sustainable growth' policy pursued of the Chinese government, this paper first measures technical efficiency,
shadow prices, and indirect Morishima elasticity of substitution between capital and energy for 24 of manufacturing sectors in Beijing and Chongqing, in which China launched pilot carbon emissions trading scheme, by estimating the input distance function. Based on these results, then the potential for
reduction, cost savings from emissions trading, and the effectiveness of capital investment in reducing
are compared across industries and provinces. In 2010, manufacturing industries in Beijing and Chongqing could potentially reduce the largest
emissions, amounting 5.2 and 17 million tons, respectively, by achieving 100% technical efficiency. While, on average, Chongqing has a comparative advantage in the cost savings from carbon trading over Beijing, Beijing is more likely to reduce
by expanding capital investment.
Evaluating Performance of the 30/50 Program in Korea
Kim, Hong-Kyun ; Yi, Kang-Oh ; Lee, Yoonsoo ; Lee, Jungmin ; Hur, Jung ; Hong, Sung Shin ;
Environmental and Resource Economics Review, volume 22, issue 3, 2013, Pages 481~498
DOI : 10.15266/KEREA.2013.22.3.481
In this paper we evaluate the performance of voluntary environmental agreements in South Korea, called as the 30/50 program. We constructed establishment- and chemical substance-level panel data from 2004 to 2010 by using the Pollutant Release and Transfer Registers (PRTR) Information System. Although firms voluntarily participate in the program and the agreement is not binding, we find that the chemical materials released by the participating firms is substantially reduced by 1.2 to 2.7 tons. Although the abatement effect is more salient for those listed chemical substances in the agreements, the reductions in other substances are also significant. This implies that participating firms adopted new technologies that could reduce environmental hazards.
An Iterative Approach to the Estimation of CO
Repkine, Alexandre ; Min, Dongki ;
Environmental and Resource Economics Review, volume 22, issue 3, 2013, Pages 499~520
DOI : 10.15266/KEREA.2013.22.3.499
This study proposes an iterative approach to the estimation of the marginal abatement costs of undesirable outputs by computing the slope of the efficient production possibilities frontier on the basis of the efficient projection points generated by the directional output distance function approach due to Fare et al. (2005) based on duality theory. In case of the latter methodology, the estimated marginal abatement costs differ significantly depending on the choice of the directional output vector. In addition, depending on the curvature of the underlying PPF the efficient projection points may be located at a significant distance away from their actually observed counterparts. While it would be more logical to estimate marginal abatement costs as a PPF slope at a point corresponding to the actually observed emissions level, the methodology based on duality theory is likely to produce unstable results due to the problems associated with applying the theorem of implicit function differentiation. Since our methodology is not based on duality theory, our results are immune to both of these problems. We apply our methodology to a sample of Western European countries for the period of 1995-2011 to illustrate our approach.
Estimating the Attribute Values of 4 Major River Estuaries in Korea -Focusing on Testing for the IIA Assumption in MNL Model and the Alternative Models-
Shin, Youngchul ;
Environmental and Resource Economics Review, volume 22, issue 3, 2013, Pages 521~545
DOI : 10.15266/KEREA.2013.22.3.521
This study applied choice experiment(CE) method(which is included in the stated preference method) to estimate values of some important attributes(i.e. type of estuary, water quality of river in estuary, water quality of sea in estuary, biodiversity level of estuary) of 4 major river(Hangang, Guemgang, Yeongsangang, Nakdonggang) estuaries in Korea. Although the multinomial logit model(MNL) is generally applied to analyse the CE data, testing for IIA assumption with the Hausman and McFadden test in MNL model shows that the IIA assumption in our data is rejected. Therefore, the heteroscedastic extreme value model(HEV) and the multinomial probit model(MNP) which are not based on the IIA assumption are used to analyse our CE data. As results, the coefficients and the elicited economic values of MNL model are seriously distorted if the IIA assumption is not satisfied in MNL model. The estimation results of MNP model show that the economic values are elicited as 352.3 billion won(95% C.I. 261.1 - 477.8 billion won) for natural estuary, 411.5 billion won(95% C.I. 338.5 - 525.5 billion won) for one grade improvement of river water quality in estuary, 358.9 billion won(95% C.I. 292.5 - 457.0 billion won) for one grade improvement of sea water quality in estuary, and 151.9 billion won(95% C.I. 99.0 - 218.6 billion won) for one grade improvement of biodiversity level of estuary. Therefore, the value of estuary is reached to 2,197.0 billion won(95% C.I. 1,721.0 - 2,879.9 billion won) if any natural estuary in 4 major rivers has good water quality of river in estuary(i.e. 2nd grade), good water quality of sea in estuary(i.e. 1st grade), and good biodiversity level of estuary.
Energy requirement of Korean households from 1995 to 2010: An input-output analysis-
Park, Hi-Chun ;
Environmental and Resource Economics Review, volume 22, issue 3, 2013, Pages 547~580
DOI : 10.15266/KEREA.2013.22.3.547
As energy conservation can be realized through changes in the composition of goods and services consumed, there is a need to assess indirect and total household energy consumption. The Korean household sector was responsible for more than 55% of Korea's total energy consumption in the 1995 to 2010 period. More than 69% of household energy consumption was indirect. Thus, not only direct but also indirect household energy consumption should be the target of energy conservation. Electricity consumption became in 2009 the main source of household energy consumption in Korea. Households consume more and more electricity intensive goods and services, a sign of increasing living standards. Decrease in energy intensities of products consumed by Korean households contributed greatly to reduce the increase in the total household energy consumption. However, switching took place towards more energy intensive products, thus the structure effect was negative. It is necessary to direct consumption and production towards much less energy intensive goods and services as to reduce energy consumption or its growth rate. The Korean government should readjust low energy and electricity prices to cost-reflective prices levels as these low prices are one of the main reasons for the consumption of more energy intensive products. This study differentiates prices of oil products and electricity between households and industries, as to allow more accurate estimation.