• Title/Summary/Keyword: 신창타이

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The Impacts of Financial Expenditures on Employment under the China New Normal (중국 "신창타이" 시대의 재정지출이 취업에 미치는 영향)

  • Shen, Quan-Ping;Kim, Jong-Sup
    • International Area Studies Review
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    • v.21 no.2
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    • pp.21-44
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    • 2017
  • Under the new normal, the China's economy growth has changed rapid growth to moderate growth since 2007. With new paradigm, China is facing an abnormally severe employment situation. Also the financial expenditure is an important macro adjustment method. The research analyzes both implications of financial expenditures to employment in China, and the trend of implication in different regions. The research was conducted by 2SLS method using the panel data of 31 Chinese local governments(provinces, cities, and autonomous districts) during 1998 to 2015. The main findings are as follows. In the new normal model(2008-2015), the financial expenditure to urban employment have higher effect than total employment. Also, higher income region have more positive effect than lower income region. Medical, technology expenditure have positive effect to total employment, social security, education expenditure have positive effect to urban employment. In the total model(1998-2015) have similar results with new normal model, but the elasticity is more higher than total model. Ultimately, it can be seen that the efficiency of financial expenditure is lower than new normal model. The government should increase the proportion of expenditure in fields of social security, education, medical, technology, and improve the expenditure structure. So as to promote the effect of financial expenditure to employment in new normal economy.

The Korea·China FTA and the Export Promotion Strategies for Korean Agri-Food to China (한·중 FTA와 한국 농식품의 중국 수출확대 방안)

  • LEE, Young-Soo;KWON, Soon-Koog
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.67
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    • pp.187-208
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    • 2015
  • The Korea China FTA was signed on June 1 2015. It includes some concessions regarding major export items in the manufacturing sector for the protection of primary industries and preferential tariffs for a number of products produced in the Kaesong Industrial Complex. Primary industries are what the Korean government paid the greatest attention to. Rice was excluded from the negotiations from the get go, and was joined by 548 other food items including pork, apples, pears, beef, chili, garlic etc. These foodstuffs account for about one-third of the agricultural and livestock products that Korea produces, and are not going to be subject to tariff elimination. The results of the study are as follows: Korean government policy is to maintain of agri-food export support system, eliminate of agri-food non-tariff barriers, foster of agri-food export SMEs and expand of investment of foreign agri-food company. Korean firms strategy is to establish of regional marketing strategy, ensure of high quality agri-food and develop of food packaging technologies, establish of agri-food export logistics center and take advantage of the FTA preferential tariff.

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Trade Change Analysis by Commodities for Korea-China Rail Ferry System Demand Prediction (한중 열차페리 수송수요 예측을 위한 품목별 수출입 변화분석)

  • Shin, Seung-jin;Roh, Hong-seung;Hur, Sung-ho
    • Journal of Korea Port Economic Association
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    • v.32 no.4
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    • pp.41-56
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    • 2016
  • China is pushing a policy called China's Western Development in order to balance the continent's development level. They are connecting the rich natural resources of the mid-western areas and the capital of the eastern coastal areas of China. Since Korea depends on China the most for trade, it is necessary for Korea to always consider the trade scale and pattern changes of China. Response to changes in the transport and logistics system between the two countries is also demanded. This study aims to analyze the import and export trends between Korean and Chinese provinces of each item from the trade scale point of view. China's global trade routes reorganization and China's western development are considered and the corresponding direction is presented accordingly. The study also suggests strategies to expand the import and export scale with China based on the analysis.