{"title":"An Induced Effect Analysis for the Oil and Gas E&P Industry of Australia, Norway, and the US","authors":"J. W. Kim, Y. Kim","doi":"10.32390/ksmer.2022.59.5.518","DOIUrl":null,"url":null,"abstract":"This study analyzed the forward linkage effect, backward linkage effect, and induced effects of oil and gas E&P projects using the latest Input-Output Statistics in Australia, Norway, and the US. According to the analysis results, the dependence of the oil and gas E&P industry in Norway was high. Australia and the US had large figures in both forward and backward linkage effects. The share of the value-added to GDP of the oil and gas E&P industry in Norway was greater than that of Australia and the US, but smaller than that of Australia and the US in the forward linkage effect. This means that the economic effect is not determined by the value-added share of the industry but by its relationship with related industries. If Korea's oil and gas E&P projects establish relationships with related industries, the economic effects can be improved, which ultimately contributes to economy.","PeriodicalId":17454,"journal":{"name":"Journal of the Korean Society of Mineral and Energy Resources Engineers","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2022-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Korean Society of Mineral and Energy Resources Engineers","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32390/ksmer.2022.59.5.518","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This study analyzed the forward linkage effect, backward linkage effect, and induced effects of oil and gas E&P projects using the latest Input-Output Statistics in Australia, Norway, and the US. According to the analysis results, the dependence of the oil and gas E&P industry in Norway was high. Australia and the US had large figures in both forward and backward linkage effects. The share of the value-added to GDP of the oil and gas E&P industry in Norway was greater than that of Australia and the US, but smaller than that of Australia and the US in the forward linkage effect. This means that the economic effect is not determined by the value-added share of the industry but by its relationship with related industries. If Korea's oil and gas E&P projects establish relationships with related industries, the economic effects can be improved, which ultimately contributes to economy.
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