Myoungsub Choi, Jun-Hyung Kim, In-Hyok Lee and Sang-Young Lee (2016-10), "Economic effects on housing construction for strengthening building efficiency rating," Journal of the Korea Planners Association, 51(5): 233-246. (in Korean)
Abstract
This Paper aims to analyze the effects of construction of the energy efficient housing during 2017-2025 by building energy efficiency rating on national economy, using the Input-Output Table. The improvement of building energy efficiency rating increases the effect on production inducement, but decreases that on value-added inducement and employment inducement. Because the value-added inducement coefficients and employment inducement coefficients of residential construction sector is lower than those of renewable energy sector. However, the construction of energy efficient housing could have positive effects since the increasing rate of construction cost have higher than the decreasing rate of the inducement coefficients by improving the building energy efficiency rating. During 2017-2025, economic effects of construction of the housing with building energy efficiency rating level 1+++ would be greater than building energy efficiency rating level 2. The new construction of the housing with building energy efficiency rating level 1+++ induces 261.5 and 76.8 trillion won of production and value-added respectively, and the induced employment is 82.1 ten thousand person.
Keywords
Building Energy Efficient Rating; Housing Construction; Economic Effect; Input-Output Analysis