View : 109 Download: 0

The effects of South Korea's conditional loan system in promoting foreign oil and gas exploration projects

Title
The effects of South Korea's conditional loan system in promoting foreign oil and gas exploration projects
Authors
Kim J.Kim Y.K.
Ewha Authors
김윤경
SCOPUS Author ID
김윤경scopus
Issue Date
2015
Journal Title
Geosystem Engineering
ISSN
1226-9328JCR Link
Citation
vol. 18, no. 6, pp. 292 - 301
Keywords
conditional loan systemenergy exploration and production businessenergy supplyforeign oil and gas exploration projects
Publisher
Taylor and Francis Ltd.
Indexed
SCOPUS; KCI scopus
Abstract
Since 1983, the South Korean government has implemented a conditional loan system to push private firms to participate in foreign oil and gas exploration projects, ultimately to secure the country's energy supply. In this study, we empirically investigate whether South Korea's conditional loan system successfully contributed to the promotion of foreign oil and gas exploration projects. First, we analyze how the amount of conditional loans has affected the number of exploration projects. Our empirical results show that a 1% increase in loans yielded both a 0.8% increase in the number of total exploration projects and a 0.5% increase in the number of newly launched exploration projects. The economic conditions of the exploration and production business have been insignificantly effective. Second, we analyze how the contribution of conditional loans to total investment has affected the number of exploration projects that have taken place. The empirical results show that the lower the contribution of conditional loans is, the greater the number of newly launched exploration projects. However, the contribution of conditional loans has significantly affected neither the number of total exploration projects nor the number of exploration projects that feature operational responsibility. © 2015 The Korean Society of Mineral and Energy Resources Engineers (KSMER).
DOI
10.1080/12269328.2015.1055373
Appears in Collections:
사회과학대학 > 경제학전공 > Journal papers
Files in This Item:
There are no files associated with this item.
Export
RIS (EndNote)
XLS (Excel)
XML


qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

BROWSE