Economie analysis of jeju island power system outage using event study

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

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)46-50
Number of pages5
JournalTransactions of the Korean Institute of Electrical Engineers
Volume59
Issue number1
Publication statusPublished - 2010 Jan 1

Keywords

  • Economic impact
  • Event study
  • Power system outage

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

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