• Environmental and Resource Economics Review
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• v.20 no.2
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• pp.199-228
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• 2011

In this study, the effect on the economy-energy-environment gap among regions of reducing GHGs is analyzed under various scenarios, using a multiregional dynamic CGE model. Regions in Korea are classified as six metropolitan areas. Scenarios are set in three cases such as self-regulatory measures, carbon tax and emissions trading scheme. The reduction target under each scenario is again classified according to volume basis and intensity basis. In results, self-regulation is shown to deepen the economic divide mostly, followed by a carbon tax, emissions trading scheme in order. This result could be interpreted such that a system based on market incentives gives less effect on the gap among regions. However, market incentives based system is expected to take time to build. Thus in implementing policies to increase short-term effects of the reduction targets, complementary policies are needed to reduce the regional devide.

• Environmental and Resource Economics Review
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• v.21 no.4
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• pp.777-807
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• 2012

This study analyzed the impacts of FTAs (Free Trade Agreements) actively being promoted by the Korean government on the Korean economy, energy consumption and greenhouse gas (GHG) emissions and found the policy implications in terms of the linkage amongst them. The simulation analysis by using a global CGE model, KEEI-GCGE, found that the effectuation of Korea-USA, the Korea-EU and the Korea-China-Japan FTAs at the same time would increase the real gross domestic product (GDP) of Korea by 2.04%. In addition, the energy consumption and GHG emissions of Korea are estimated to increase by 3.33% and 1.53% respectively. These results imply that the various medium and long-term plans and policies related to energy and GHG emissions in Korea should systematically reflect those potential impacts of the FTAs.

• Korean Business Review
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• v.16
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• pp.77-97
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• 2003

The Korean government issues the policy that regional government mat change the regional tax rates for economic growth. On the ground that change in regional tax rate incurs the disturbance in regional economy and entails tax competition, regional government does not accept the proposal. The CGE simulation result shows that tax competition reveals the trade-off relation between efficiency, balanced national development, and equity. Thereby, the stance of regional government can be justified by the results. Therefore central government has to grope for some reconcile means that efficiency and equity can be harmonized. The proposal can be justified by the analyses.

• Environmental and Resource Economics Review
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• v.21 no.4
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• pp.851-891
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• 2012

The objective of this study can be presented as follows: First, given the consumption-based carbon accounting method which has now been claimed, this study reviews the emissions within Korea and the resulting position change in international society. Second, when each nation makes efforts to reduce carbon emissions under the Copenhagen Accord, this study, using the Computable General Equilibrium (CGE) model, reviews the resulting carbon leakage and analyzes the effect from the various border adjustment measures. However, reflecting uncertainties in the negotiation processes, this study attempts to apply scenarios with regards to the reduction-mandatory nation group. In addition, this study tries to observe the impact on Korea through testing the various border adjustment measures, including the free allocation and embodied carbon tariffs.