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ID:
162567
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| Summary/Abstract |
The authors present a classification of robot-driven units, as well as analyzing power supply systems for these units, manufactured by Russian and foreign companies. Prospective areas for further research in this field are also outlined.
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| 2 |
ID:
177139
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| Summary/Abstract |
Inadequate and unstable power supply constitute a major constraint to industrial production in Cameroon. This paper evaluates the long-term impact of power deficits on the country's manufacturing growth, using a Fully Modified Ordinary Least Square Method, and selected data from 2016 World Development Indicators, covering the period 1977–2014. For each variable used in the estimations, only data for Cameroon was retrieved for the period under study. The findings reveal that there is a strong and positive correlation of 0.904256/1 between power supply and manufacturing growth in the long-term. Moreover, a percentage decrease in electricity supply reduces annual manufacturing growth and gross capital formation by 0.07% and 0.28% respectively. Furthermore, Foreign Direct Investment inflows augment manufacturing value added by 0.39% yearly. It is recommended that: first, the government of Cameroon should increase its investments in the energy sector to boost power supply by 10% annually, in order to raise manufacturing growth by 0.7% in a year and 7% in a decade. Secondly, incentives to encourage private investments in the energy sector should be put in place to spur power production and supply. Overall, the findings imply that power supply must remain at the epicenter of economic and industrial policies in Cameroon.
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| 3 |
ID:
176691
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| Summary/Abstract |
Korea is the only divided country in the world. While power is stably and reliably supplied in South Korea, North Korea (NK) is suffering from a severe power shortage. To improve power supply conditions in NK and ultimately contribute to building peace on the Korean Peninsula, the South Korean Government is considering assisting the construction of power plants and power grids in NK. The Government needs information about households’ willingness to pay (WTP) for assisting the power supply to NK. This article aims to examine the WTP using a contingent valuation based on a nationwide survey of 1000 households. As a WTP elicitation method, the one-and-one-half-bounded question format of asking an interviewee whether she/he has the intention of paying a presented bid through an increase in electricity bills was adopted. The WTP for the assistance was statistically significantly estimated to be KRW 2382 (USD 2.12) per month per household. The estimate of the annual national value amounted to KRW 564.6 billion (USD 503.6 million). This value is by no means small, but it would take a huge amount of effort to elicit public consensus on the assistance considering that a significant proportion of respondents (63.6%) revealed zero WTP.
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