Economie analysis of jeju island power system outage using event study

Jina Kim; Jaehee Lee; Jong Uk Lee; Sung Kwan Joo

Economie analysis of jeju island power system outage using event study

Jina Kim, Jaehee Lee, Jong Uk Lee, Sung Kwan Joo

School of Electrical Engineering

Research output: Contribution to journal › Article › peer-review

Abstract

Power system outages can lead to huge economic losses for various industries. Jeju island power system outage in 2006 also caused significant social and economic impacts in Korea. There have been numerous attempts to evaluate the economic costs of power system outages. Power system outages can also have financial impacts on electric power industry. This paper attempts to analyze the economic impacts of the 2006 Jeju island power system outage on the values of the firms in the power industry using event study. Empirical analysis results are presented to show the economic impacts of the 2006 Jeju island outage on the values of the firms in the power industry.

Original language	English
Pages (from-to)	46-50
Number of pages	5
Journal	Transactions of the Korean Institute of Electrical Engineers
Volume	59
Issue number	1
Publication status	Published - 2010 Jan

Keywords

Economic impact
Event study
Power system outage

ASJC Scopus subject areas

Electrical and Electronic Engineering

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abstract = "Power system outages can lead to huge economic losses for various industries. Jeju island power system outage in 2006 also caused significant social and economic impacts in Korea. There have been numerous attempts to evaluate the economic costs of power system outages. Power system outages can also have financial impacts on electric power industry. This paper attempts to analyze the economic impacts of the 2006 Jeju island power system outage on the values of the firms in the power industry using event study. Empirical analysis results are presented to show the economic impacts of the 2006 Jeju island outage on the values of the firms in the power industry.",

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AU - Lee, Jaehee

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AU - Joo, Sung Kwan

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N2 - Power system outages can lead to huge economic losses for various industries. Jeju island power system outage in 2006 also caused significant social and economic impacts in Korea. There have been numerous attempts to evaluate the economic costs of power system outages. Power system outages can also have financial impacts on electric power industry. This paper attempts to analyze the economic impacts of the 2006 Jeju island power system outage on the values of the firms in the power industry using event study. Empirical analysis results are presented to show the economic impacts of the 2006 Jeju island outage on the values of the firms in the power industry.

AB - Power system outages can lead to huge economic losses for various industries. Jeju island power system outage in 2006 also caused significant social and economic impacts in Korea. There have been numerous attempts to evaluate the economic costs of power system outages. Power system outages can also have financial impacts on electric power industry. This paper attempts to analyze the economic impacts of the 2006 Jeju island power system outage on the values of the firms in the power industry using event study. Empirical analysis results are presented to show the economic impacts of the 2006 Jeju island outage on the values of the firms in the power industry.

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KW - Event study

KW - Power system outage

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