• Journal of the Economic Geographical Society of Korea
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• v.12 no.2
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• pp.142-158
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• 2009

The purpose of this paper is to identify determinants of regional export in Korea using the interregional input-output table and SUR(Seemingly Unrelated Regression) model. Regional exports are classified into four groups; intraindustry intraregional export, interindustry intraregional export, intraindustry interregional export and interindustry interregional export. Labor productivity, scale economies, market size, and international trade volumes have positively influenced regional exports while the interregional distances having a negative effect on them. These results imply that it is necessary to operate regional strategies to enhance productivities and market size and to reduce transportation and distribution costs for revitalize a regional economy by increasing regional exports.

• Journal of Korea Technology Innovation Society
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• v.13 no.4
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• pp.772-793
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• 2010

In this paper, author estimated economic scale of radiation usage in Korea using Input-Output table 2005 and other micro data published. This estimation focused all kind of radiation usage in whole economic activity. Estimation of economic scale is quantitative analysis for how much radiation usage increase productivity and welfare. Economic scale estimation of radiation usage in Korea 2005 is 6,297 Billion Won and it occupies 0.74% of GDP. It is smaller level compared with that of US and Japan. It is 1.5% of GDP in US (1997) and 1.2% of GDP in Japan (2005). Radiation usage in industrial sector is 5,775 Billion Won and it is 0.68% of GDP. Radiation usage in agriculture sector is 171 Billion Won and it is 0.02% of GDP. Radiation usage in medical sector is 351 Billion Won and it is 0.04% of GDP. This implied that radiation usage in industrial sector is larger than other sector. Use of medical radiology may be enlarge in the future due to population structure. The result that radiation usage occupied 0.74% of GDP arouse contribution of radiation usage in daily life. It helps people to have more understanding and public acceptance for radiation.

• Journal of Korean Society of Transportation
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• v.22 no.6
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• pp.159-173
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• 2004

Using a generalized translog multiproduct cost function model, this paper examines economies of scale and scope in the vertically-integrated Korean railway industry. The paper then conceptualizes that the Korea National Railroad (KNR) produces four outputs (passenger-kilometers, ton-kilometers of freight, average length of passenger trips, and average length of freight haul) using three input factors(labor, fuel and maintenance, and rolling stock and capital). Using time series data collected from the KNR's annual records for the years from 1977 to 2002, the simultaneous equation system consisting of a cost function and two input share equatins is estimated with the Zellner's iterative seemingly unrelated regression. The findings show that the cost function corresponding to a non-Cobb-Douglas, non-homothetic, and non-homogeneous production technology adequately represents the KNR's cost structure. On the other hand, the Korean railway industry experiences sizeable overall scale economies, which result from substantial product-specific scale economies associated with passenger-kilometers and freight ton-kilometers and from scope economies associated with their joint production. In addition, the magnitude of economies of scope is influenced largely by the ratio of passenger trips, and has increased over time as the former has increased while the latter has decreased.

• Journal of Energy Engineering
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• v.16 no.4
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• pp.170-180
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• 2007

This paper deals with the economy of scale for domestic on-site hydrogen stations fueled with natural gas and naptha. We evaluate the economic feasibility of on-site hydrogen stations with hydrogen production capacities of $30Nm^3/hr,\;100Nm^3/hr\;and\;300Nm^3/hr$. We build a classical economic feasibility model and we make some sensitivity analyses by changing the values of input factors such as the hydrogen sale price and the discount rate. The estimated hydrogen prices of steam methane reforming stations with production capacities of $30\;Nm^3/hr,\;100\;Nm^3/hr\;and\;300\;Nm^3/hr$ are 18,472 won/kg, 10,689 won/kg and 7,758 won/kg, respectively. Also, the hydrogen prices are about the same if we use naptha as a raw material for hydrogen energy instead of natural gas. It turns out that small and medium size domestic on-site hydrogen stations will not be economical in the near future. This indicates that we need to construct large scale on-site hydrogen fueling stations even for the initial phase of the hydrogen economy.

• Journal of Korean Society of Transportation
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• v.19 no.6
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• pp.89-102
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• 2001

Using a multiproduct translog cost function model, this paper examines the existence or absence of scale and scope economies in Seoul's urban bus industry. The Paper then conceptualizes that the bus firm produces three outputs (city, seat and local bus-kilometers) using low input factors(labor, capital, fuel and maintenance). Using 1996 annual observations for 81 Seoul's bus firms, the equation system consisting of a cost function and three input share equations is estimated with the nonlinear iterative Zellner method. The findings show that the cost function corresponding to a non-homothetic production technology with separability between local bus outputs and inputs adequately represents the structure of cost for Seoul's bus firms, and that the demand lot all input factors is quite inelastic with respect to their own price. On the other hand, nearly all firms experience mild overall economies or scale, but rather marked product-specific economies of scale with respect to all the three outputs. In addition, there appear to be substantial economies or scope associated with the joint production of city and seat bus services, while considerable diseconomies of scope associated with that of city and local bus services. These results indicate that the merger of smaller firms into larger firms with a fleet of approximately 200 buses would result in more cost-efficient bus services.

• Journal of the Economic Geographical Society of Korea
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• v.12 no.4
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• pp.576-596
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• 2009

Recently the World Bank released its World Development Report 2009 (hereafter WDR 2009) with the title 'Reshaping Economic Geography.' In the report, the Korean experience in regional development policy was highly praised. Also, the current government has been trying to reshape the regional development policy in view of 5+2 Economic Regions. The main theme of this paper is how to establish the highly valueadding economic system and how to deal with scale economies for regional development. In this paper these tasks in Korea's regional policy were discussed with reference to the WDR 2009. Enhancing the density of the central city of each Economic Region, reducing the economic distance between cities and rural areas, and getting rid of the barriers to cooperation between provinces are the keys for the efficiency and the effectiveness of the regional policy. In addition, strengthening the national solidarity through collaborative development of 5+2 Economic Regions still remains as one of the major tasks of the Korean government.

• Journal of Labour Economics
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• v.34 no.2
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• pp.1-27
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• 2011

This paper analyzes the demand and supply structure of the market for college professors, and then characterizes the changes in the economic status of them for the last three decades. On the supply side, the number of Korean recipients of doctorate degrees from the U.S. institutions, relative to the number of newly hired professors, has declined dramatically since early 1990s. The relative remuneration of professors, which is found to be closely related to the 'number of students per professor', has also declined steadily. These suggest that the decline in the relative wage of professors has been a driving force for the decline in the relative size of new PhD's in the U.S.

• Journal of the Korean Geographical Society
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• v.33 no.2
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• pp.179-190
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• 1998

한반도에 내습하는 태풍의 발생빈도와 강도는 큰 편은 아니나 우리는 거의 해마다 태풍으로 인한 재해를 경험하고 있다. 특히 태풍에 의한 경제적 손실은 1960년대 이후 경제개발과 도시화로 인한 인구과밀지역에서 크게 나타나고 있다. 본 논문에서는 태풍재해의 대책을 수립하는데 필요한 기초자료를 마련하기 위한 방향을 제시하고자, 태풍재해를 유발하는 기상적 요인과 더불어 경제.사회적 조건이 재해의 규모 및 강도에 미치는 기여도가 상당히 크다는 것을 밝히고자 하였다. 한반도에 큰 피해를 남기는 태풍의 진로는 서해를 따라 북진하다가 반도부를 거쳐 동쪽으로 빠져나가는 E경로로서 한반도의 동쪽을 통과하는 진로를 취할 때 보다 더 큰 영향을 끼친다. 재해지역의 공간분포는 대체로 남해안 지역에 집중되어 있다. 태풍재해는 일반적으로 태풍중심에서부터 피해지역가지의 최단거리, 강수량, 최대풍속 등의 기상적 요긴과 피해지역의 토지이용 및 그 지역의 산업구조를 포함하는 사회.경제적 요인 그리고 재해대책수준 및 태풍예보기술 등 다양한 원인에 의해 태풍의 피해의 정도가 결정됨을 태풍재해의 공간분포와 발생요인의 분석결과 알 수 있었다. 침수로 인한 피해는 경남과 전남의 농촌지역에서 넓게 나타나고, 경제적 손실은 대규모의 도시와 공업이 발달된 경남해안지역에 집중되고 있다. 태풍재해의 규모를 저감시키기 위해서는 보다 정확하고 신속한 기상예보기술의 향상을 도모해야 함은 물론 홍수예방시설의 확충과 더불어 GIS 기법을 활용한 방재정보시스템에 기초하는 도시종합방재대책을 수립하도록 해야 할 것이다.

• The Journal of the Korea Contents Association
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• v.13 no.12
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• pp.357-368
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• 2013

This research explores the efficiency of social welfare expenditure in Korea by analyzing marginal productivity, scale economies, and elasticity of substitution that could be obtainable from a production function. By virtue of VES production function, such productive indicators are easily identified. If once the efficiency is revealed in the production process, it brings to a positive impact to increase the level of income. Empirical evidences are shown that the public expenditure is operated systematically in comparing with the private one. This is mainly due to the fact that the system of the public sector is well-established. It implies that an operational system for the private sector ought to be built up in a short period of time. Otherwise, increasing in expenditure by a private sector would not be helpful to improve efficiency in the production side. Accordingly, level of income.

• Journal of Labour Economics
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• v.29 no.2
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• pp.117-143
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• 2006

This paper illuminates the patterns of growth and declines in sizes of union membership in metal, chemical, financial, and auto transport sectors in three distinct periods during the last four decades from 1963 to 2003. This paper also calculates union densities in auto assembly, auto supply, and shipbuilding industries of the metal sector, cement, petroleum refining, and pharmaceutical industries of the chemical sector, private banking industry of the financial sector, and city bus industry of the auto transport sector. Such diversities in both sizes of union membership and union densities among sectors and industries turned out to be associated with attitudes and choices of employers and unions in interaction with sector- and industry-specific economic (growth stage and path), institutional (degrees of government intervention), and social (demographic features of employees and prevailing sizes of firms) environment. Such finding shows that theoretical reasonings on sizes of union membership and union densities across sectors and industries in advanced nations are also relevantly useful to analyze the Korean case.