Contents
Predicting the Effectiveness of National Energy R&D Investment in Korea : Application of System Dynamics / 오영민 1
Abstract 1
I. Introduction 2
II. Theoretical Backgrounds 2
III. Economic Growth, Energy consumption and Energy R&D Expenditure 4
1. Economic growth and energy consumption 4
2. Energy R&D Expenditures in Korea 5
IV. Energy R&D Expenditures Effect Simulation 7
1. Causal Loop Diagram of Energy R&D Investment 7
2. Energy R&D Effect Stock-Flow Diagrams 9
V. Simulation Scenarios and Results 15
1. Sensitivity Analysis 15
2. Policy Scenarios 17
3. Simulation Results 17
VI. Conclusions 18
REFERENCES 19
APPENDIX: Equations 20