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Measuring the Economic Impacts of Hydrogen Economy in South Korea: An Input-output Approach

산업연관분석을 이용한 수소경제의 경제적 파급 효과 분석

  • SU-BIN CHOI (Department of Future Energy Convergence, College of Creativity and Convergence Studies, Seoul National University of Science & Technology) ;
  • JU-HEE KIM (Department of Future Energy Convergence, College of Creativity and Convergence Studies, Seoul National University of Science & Technology) ;
  • SEUNG-HOON YOO (Department of Future Energy Convergence, College of Creativity and Convergence Studies, Seoul National University of Science & Technology)
  • 최수빈 (서울과학기술대학교 미래에너지융합학과) ;
  • 김주희 (서울과학기술대학교 미래에너지융합학과) ;
  • 유승훈 (서울과학기술대학교 미래에너지융합학과)
  • Received : 2023.09.05
  • Accepted : 2023.10.20
  • Published : 2023.10.30

Abstract

The Korean government is actively promoting the hydrogen industry as a key driver of economic growth. This commitment is evident in the 2019 hydrogen economy activation roadmap and the 2021 basic plan for hydrogen economy implementation. This study quantitatively analyzes the economic impact of the hydrogen economy using input-output analysis based on the Bank of Korea's 2019 input-output table, projecting its size by 2050. Four parts dealt with production-inducing, value-added creation, employment-inducing, and wage-inducing based on a demand-driven model. The results reveal that transportation had the most remarkable economic effect throughout the hydrogen economy, and production was the least. The hydrogen economy is projected to reach 71.2 trillion won by 2050.

Keywords

Acknowledgement

본 연구는 2022년도 정부(교육부)의 재원으로 수소융합얼라이언스의 지원을 받아 수행된 연구임(2022 수소연료전지-004, 수소연료전지 혁신인재양성사업).

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