• Korea Trade Review
• /
• v.41 no.2
• /
• pp.29-60
• /
• 2016

Research and Development(R&D) investment is an issue of central importance in any economy. In this paper we analyze the relationship between R&D spillovers and trade-related variables, using a two-stage model where duopolists simultaneously decide on R&D in the first stage and engage in Cournot competition in the second stage. We characterized and compared the free-trade and trade-restriction R&D equilibrium in a two-stage game of R&D investment followed by Cournot market competition. We also assessed the impact of varying the R&D spillover on the equilibrium outcomes and tariff. We showed for both free trade and protection cases that there exists a unique symmetric solution(subgame perfect Nash equilibrium). As the solution, while analytical, cannot be stated in closed form, we resorted to numerical experiments to investigate the equilibrium results. Our estimates indicate for both free trade and protection cases that the level of R&D investment and the rate of R&D expenditure decrease as the degree of R&D spillovers increases, and that there is an inverse relation between the degree of R&D spillovers and level of protection. The latter implies that the larger the degree of R&D spillovers, the lesser the level of protection.

• 한국노년학
• /
• v.34 no.2
• /
• pp.349-367
• /
• 2014

The purpose of this study is to investigate the relationships between socio-economic position(SEP), environmental exposures, and health of older people in Korea. This study used the data from 'Environmental Exposures and Their Health Effect in Korean Elderly Population'. The sample includes a total of 563 elderly people who were 60 years of age or older. Data on SEP, environmental exposure, and health impact were collected and analyzed using descriptive statistics and multivariate regressions. As a result, study participants' SEP including age, family type, monthly expenditure, type of house, and region was significantly associated with environmental exposure. Also, while adjusting for SEP, environmental exposure such as allowing indoor smoking was associated with self-rated health and depression of study participants. The study findings showed inequality in environmental exposure and health outcomes by SEP in Korean elderly. Environmental exposure was associated with health outcome even after adjusting SEP, and this implied that environmental exposure could be a critical factor in explaining heath inequality by SEP. Further studies are necessary to better understand the causal relationships among SEP, environmental exposure, and health outcomes.

• The Journal of the Korea Contents Association
• /
• v.14 no.9
• /
• pp.203-217
• /
• 2014

This study is performed to verify the relationship between Korean's anniversary days and meals. To do so, three steps are carried out. First, literature review and mini focus group interview are performed to list up important anniversary days in our culture. Second, anniversary orientation scale(22 items) is developed. Third, a survey(n=486) is implemented to identify the relationship among demographic variables such as sex, age, and perceived economic level, psychological ariables such as self-esteem, life satisfaction, depression, individuality-relatedness, interpersonal sensitivity, materialism as a value and perceived social support, and meal frequency. The results are as follows: Female is significantly higher than male in anniversary orientation. And younger people(20~39 years old) are significantly higher than older people(over 40ties) in anniversary orientation. The higher life satisfaction, perceived social support, relatedness, interpersonal sensitivity, and materialism are, the higher anniversary orientation is. Lastly, middle and high anniversary orientation groups showed more meal frequency at the anniversary day than low anniversary orientation group.

• Proceedings of the KAIS Fall Conference
• /
• 2009.12a
• /
• pp.398-401
• /
• 2009

민간 주도형 사회간접자본 (social overhead capital :SOC) 사업은 BOT(build-operate-transfer)를 비롯하여 대상 프로젝트의 정부 정책 등의 여러 환경의 변경에 따라 다양하게 변형되어 적용되어 BTL(build-lease-transfer), BOO (build-own-operate)등의 여러 기법들을 사용된다. 민간 SOC 사업은 프로 젝트의 규모와 장기에 걸친 공사의 불확실성 때문에 프로젝트의 경제성 분석을 하는 것은 복잡하다. 일반적으로 사용하고 있는 현금흐름 할인모형(discount cash flow model; DCF)은 미래의 불확실성 변수들을 적절히 반영하지 못한다는 한계점을 가지고 있지만 현실적으로 많이 쓰이고 있는 방식이다. 본 논문은 옵션기반모형에 근거한, BOT-옵션가치평가(BOT-OV)모형을 국내 민간 SOC 사업의 경제성 분석을 위해 적용한다. BOT-OV모형을 적용하는 것이 기존 순현재가치(net present value; NPV)방식을 통하여 프로젝트 가치 평가 할 때보다 더 정밀한 경제적 타당성 평가를 할 수 있다는 것을 확인하여 기존의 NPV 평가방식의 방법을 대체할 수 있는 가능성을 확인하는데 의의가 있다고 할 수 있다.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.11 no.4
• /
• pp.1442-1448
• /
• 2010

The evaluation of the financial viability of a privatized infrastructure project is complex because of the uncertainties involved due to the project's scale, long concession period and complexity. Use the BOT option valuation(BOT-OV) model, for evaluating the financial analysis of a privatized infrastructure project. This sophisticated for financial evaluation compared with a traditional NPV analysis.

• Korea journal of population studies
• /
• v.31 no.1
• /
• pp.1-26
• /
• 2008

This research examines the effect of area level characteristics on individual health, particularly focusing on the vulnerable populations in Seoul. We consider adult individuals whose family income is under 1.5 million won, who are aged 65 and over, or who have neither spouse nor job but aged 40 and over as vulnerable populations. Using the 2005 Seoul Citizens' Health Interview Survey, we conducted multilevel analyses to simultaneously investigate the effect of area and individual level characteristics on health. Between-area variance of self-rated health status was greater for the elderly population than for all populations. Area material deprivation index and happiness index were associated with the self-rated health of economically disadvantaged populations. Vulnerable populations showed greater between-area variances in emotional health than the same for all populations. Area happiness index, material deprivation index, the proportion of households below poverty line and street safety showed statistically significant association with emotional health. The effect of area characteristics were particularly salient for the emotional health of elderly population and its between area variance was also notable.

• The Journal of the Korea Contents Association
• /
• v.7 no.12
• /
• pp.123-130
• /
• 2007

The purpose of this paper is to capture risk profiles of smaller-sized Korean firms $vis-{\grave{a}}-vis$ larger-sized firms during the Asian financial crisis. For this purpose, risk profiles are provided by estimating expected default risks and by tracking how these have changed during this period with respect to their magnitude, volatility, and sensitivity measures. Methodology used in this study employs the Black-Scholes-Merton model for producing estimates of default risks. And the conventional trans-log function is utilized for obtaining sensitivity measures of the estimated default risks. According to empirical evidence obtained here, it is revealed that contractions of corporate loans associated with IMF austerity policy was the main factor responsible for the drastic change in the default risk profile of Korean firms after occurrence of the Asian financial crisis.

• Information Systems Review
• /
• v.18 no.3
• /
• pp.1-29
• /
• 2016

The radical changes in the business environment have motivated firms to exert serious efforts in managing sustainable development. This study identified the effects of sustainable development on the perceived performance of firms from the viewpoint of the balanced scorecard. Independent variables include economic efforts (of efficiency and ethic of accounting and fairness), environmental efforts (management and energy control), and social efforts (consumer protection and contribution for local community). The result from the analysis of data collected in this research suggests that sustainable development efforts are the critical sources of the incorporated performance of firms. The consumer protection efforts of the local community determine the competitiveness of a firm in managing social responsibility and creating value and social activities. Efforts to reconsider efficiency determine the competitiveness of a firm, becoming the critical factors that determine sustainable performance. Energy control facilitates value creation for the environment through cooperation and harmonization with nature, resulting in sustainable business performances through the vitalization of practical establishments and operations. Sustainable management needs to meet international standards, cooperation, and harmony. These standards are based on the economic, environmental, and social efforts that enable firms to adopt sustainable management efforts that are suitable for their own systems.

• Korean Journal of Social Welfare
• /
• v.67 no.4
• /
• pp.5-29
• /
• 2015

Intergenerational relations in Korea show very unique characteristics. In political arena, young and old generations clash each other intensely, while they maintain a high level of intergenerational solidarity in policy realm. A logistic regression analysis reveals that generational cleavage plays a key role in affecting voting decision and evaluation of governmental performance. It also suggests that in policy realm, normative, functional, and affectional types of solidarity influence people's attitudes on social policies very strongly. If the current government continues to neglect its promises for expanding welfare, the dual structure of generational cleavage in political arena and intergenerational solidarity in social policy realm can soon be turned into a conflictual structure. Therefore, an active initiative to increase intergenerational justice should be taken in order to attain a long-term, sustainable intergenerational solidarity and coexistence.

• Fire Science and Engineering
• /
• v.25 no.3
• /
• pp.14-19
• /
• 2011

This research was conducted with goals to reducing arson and finding its relationship with social phenomenons. Especially, unlike previous researches, focus has been on the economic indicators, and the effect of economic indicators on arson. As a result, we were able to find the relationship between economic indicators and arson. When growth rate and consumer index prices decrease, the economy stagnates and thus incidents of arson increases. In contrast, when growth rate increases and consumer index prices increase, the rate in which arson occurred decreased. Also, we have found that when personal debt rate increases, the numbers of arson incidents increased as well.