• Title/Summary/Keyword: Capital Reduction

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Analysing the Economic Effects of Flood Damage by Dynamic CGE Model (동태CGE모형을 이용한 홍수피해의 경제파급효과 분석)

  • Jeong, Kiho;Whang, Sungyoon
    • Environmental and Resource Economics Review
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    • v.23 no.4
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    • pp.689-718
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    • 2014
  • This study analyzes the ripple effects on the national economy of the flood damage using a perfect foresight dynamic CGE model for 2010 as the base year in case that the flood damage reduces the capital of the relevant industrial sectors. The analysis is limited to the items of physical damage such as agricultural land, ships and public facilities, for which statistical data can be obtained. As flood damage scenarios we adopt the minimum, maximum and average value of flood damage's historical data over the period 1991~2010 for each item. The results show that the largest production decline happens to the industry of fishing and transport and the next largest to the agricultural and forestry industry. The GDP reduction in the base year turns out to be from 0.001 to 0.057 percent compared to the benchmark and 11 percent compared to the exogenous shock to capital stock. Dynamically, the GDP gradually decreases until the year of 2030, which shows the long-lasting impact on the national economy of flood damage via the chanel of the capital damage.

Low Carbon.Green Growth Paradigm for Fisheries Sector (수산부문 저탄소.녹색성장 패러다임)

  • Park, Seong-Kwae;Kwon, Suk-Jae
    • Ocean and Polar Research
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    • v.31 no.1
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    • pp.97-110
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    • 2009
  • Two of the most important topics of the 21st century are ensuring harmony between man and his environment and the emerging long-tail economy in which niche markets are becoming increasingly more important. Since the Industrial Revolution in 17th century, human beings have increasingly exploited the world's natural capital, such as the natural environment and its ecosystems. Now the world is facing limits to sustainable economic growth because of limits to this natural capital. Thus, most countries are beginning to adopt a new development paradigm, the so-called"Green Development Paradigm" which pursues environmental conservation in parallel with economic growth. Recently, the Korean government announced an ambitious national policy of Low Carbon & Green Growth for the next six decades. This is an important step that transforms the existing national policy into a new future-oriented one. The fisheries sector in particular has great potential for making a substantial contribution to this national policy initiative. For example, the ocean itself with its sea plants and phytoplankton has an enormous capacity for fixing carbon, and its vast areas of tidal flats have a tremendous potential for cleaning up pollutants from both the sea and the land. Furthermore, the fishing industry has great potential for the development of fuel-saving biodegradable technologies, and a long-tail economy based on digital technologies can do much to promote the production and consumption of green goods and services derived from the oceans and the fisheries. In order for this potential to be realized, the fisheries authority needs to develop a new green-growth strategy that is practical and widely supported by fishing communities and the markets, taking into account the need for greenhouse gas reduction, conservation of the ocean environment and ecosystems, an improved system for seafood safety, the establishment of strengthened MCS (monitoring control surveillance) system, and the development of coastal ecotourism. In addition, fisheries green policies need to be implemented through a well-organized system of government aids, regulations and compensation, and spontaneous (voluntary) orders in fishing communities should be promoted to encourage far more responsible fisheries.

Determinants of Operational Self-Sustainability of Microfinance Institutions in Vietnam

  • LE, Thanh Tam;DAO, Lan Phuong;DO, Ngoc Mai;TRUONG, Thi Hoai Linh;NGUYEN, Thi Thuy Duong;TRAN, Chung Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.183-192
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    • 2020
  • The purpose of this paper is to investigate the determinants of the Operational Self-Sustainability (OSS) of Vietnamese microfinance institutions (MFIs). This research uses both qualitative and quantitative research methods: (i) qualitative research was via in-depth interviews with ten microfinance practitioners, policymakers and researchers; (ii) quantitative research was conducted by using panel data of 34 MFIs in the period 2011-2015 with binary logistics and OLS regressions. Results are as follows: (i) MFIs' OSS in Vietnam are mainly determined by five key factors: portfolio at risk (PAR>30), capital structure, gross loan portfolio, scope of activities and legal form; (ii) OSS are most affected by legal status (social organizations have better OSS than formal MFIs or programs/projects), location (MFIs focus in one province have higher OSS than working nationwide or just in one district), capital structure (MFIs with more equity proportion have higher OSS); (iii) surprisingly, average loan size per borrower and age of MFIs do not have statistically significant correlation with OSS. The key recommendations are: (i) MFIs should focus on its professionality and increase its equity; (ii) related stakeholders such as State Bank of Vietnam should promote the enabling ecosystem for microfinance development to enhance poverty reduction and economic development.

An Investigation of the Effect of Diesel Particulate Filter for Heavy-duty Diesel Engine on Emission Reduction (디젤입자상물질 여과장치의 배기저감성능 효과 분석)

  • Park, Yong-Hee;Shin, Dae-Yewn
    • Journal of Environmental Health Sciences
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    • v.33 no.1 s.94
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    • pp.36-42
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    • 2007
  • Diesel PM can be controlled using Diesel Particulate Filter, which can effectively reduce the level of soot emissions to ambient background levels. In the Heavy Duty Diesel area, the Continuously Regeneration trap has been widely applied in the retrofit market. As the Special act for the improvement of air quality in the capital area, the retrofit program for DPF to used diesel vehicle has progressed favorably and there are currently over 1,000 of these DPF in use in retrofit applications in korea. These DPF comprise a specially formulated Diesel Oxidation Catalyst upstream of a DPF. The $NO_2$ generated by the DOC is used to combust the carbon collected in the DPF at low temperature. To certificate DPF device that is suitable to domestic circumstances, it is necessary to evaluate exactly the DPF devices according to the regulation of DPF certificate test procedure for retrofit(ministry of environment(MOE) announcement NO. 2005-16). To do so the understand of that regulation like the standard of PM reduction rate is needed. In this study the test procedure including test cycle and BPT test condition was examined and also the test result for specific DPF was analyzed. In every test like field test, PM reduction efficiency test and seoul-10 mode test, no defect could be showed.

Factor Affecting Poverty and Policy Implication of Poverty Reduction: A Case Study for the Khmer Ethnic People in Tra Vinh Province, Viet Nam

  • Nguyen, Ha Hong;Nguyen, Nhan Van
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.315-319
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    • 2019
  • The paper aims to investigate empirical causes of poverty of the Khmer ethnic people and suggest policy implication to help the Khmer ethnic people escape poverty in Tra Vinh province and the Mekong Delta. The study has been conducted with direct interviews with 300 Khmer households living in seven districts and cities in Tra Vinh province and with the use of multivariate regression. The research results show that a number of causes that affect poverty of poor households include lack of capital for production, lack of means of production, poor health and lack of labor, large families, lack of job opportunities or unemployment, and lack of willingness to escape poverty and education. Thus, there should be poverty reduction policy for the poor househlods in the coming time. Based on the current situation and regression results, the authors propose a number of recommendations: 1) Focus on preferential loan policies for poor people 2) Provide occupational training programs for improving incomes for the Khmer ethnic households 3) Build up special infrastructure in the Khmer ethnic areas 4) Focus on promoting cultural and belief institutions in areas of the Khmer ethnic people and 5) Improve and build up healthcare clinics services and facilities.

A Comparison of Salty Taste Assessment, Dietary Attitude and Dietary Behavior among Adult and Senior Women by Region and by Age in Korea (전국 권역별, 연령별 여자 성인과 노인의 짠맛 미각판정치, 식태도 및 식행동 비교)

  • Jiang, Lin;Jung, Yun-Young;Kim, Hyung-Sook;Nam, Gi-Seon;Yun, Jin-Sook;Kim, Jong-Wook;Lee, Yeon-Kyung
    • Korean Journal of Community Nutrition
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    • v.20 no.2
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    • pp.109-119
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    • 2015
  • Objectives: The purpose of this study was to compare and analyze the results of salty taste assessment, dietary attitudes, and dietary behaviors among adult and senior women by region and by age. The results generated from this was expected to provide fundamental data for implementing a nationwide salt reduction education program. Methods: The salty taste assessment tool was applied to 4,064 subjects from 15 areas in Korea. Also, a survey of dietary attitude and dietary behavior related to salt intake was conducted for all subjects participated in this study. Results: The salty taste assessment scores by region and by age were the lowest in capital (p < 0.01) and was highest among the 70+ year age group (p < 0.01). The dietary attitude scores and dietary behavior scores showed that Gyeongsang was the highest (p < 0.001) and the capital was the lowest. The dietary attitude scores were highest at 20&30's followed by 40's and 70's group (p < 0.001). Dietary behavior scores showed that 20's~30's and 40's groups were higher than the other age groups (p < 0.001). The score of 'I like kimchi' was $3.46{\pm}0.88$, which was the highest among 10 dietary behavior questions. The score of 'I eat a lot of kimchi' was $3.30{\pm}0.90$, which was the highest among 10 dietary behavior questions related to salt intake. The scores of salty taste assessment had significant positive correlations between the scores of dietary attitude (p < 0.001), dietary behavior (p < 0.001) and self-awareness (p < 0.001). Conclusions: Based on the results of salty taste assessment, we observed a tendency that older people and regions except the capital had higher preference for salty taste. Our results suggested the necessity for a nationwide salty reduction education program tailored for regions and for different age groups.

Analysis of Greenhouse Gas Reduction according to Different Scenarios of Zero Food Waste Residential Buildings (음식물류폐기물 제로화 주거단지 구축 시나리오별 비용 및 환경효과 분석)

  • Oh, Jeong-Ik;Yoon, Eun-Joo;Park, Ire;Kim, Yeong-Min
    • Journal of Korean Society of Environmental Engineers
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    • v.38 no.7
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    • pp.353-363
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    • 2016
  • In this study, traditional treatment scenario of food wastes that collected and transported food waste is recycled in large treatment facilities and suggested treatment scenario of onsite zero discharge system that food waste is treated in housing complex were supposed. The scenarios were compared and analyzed by capital expenditure, oil consumption, $CO_2$ emission quantity, operating expenditure and management expenses. The capital expenditure, oil consumption and $CO_2$ emission quantity of small scale dispersion dealing method is the lowest compared to traditional treatment method. As a results, it is possible to obtain the effect that operating expenditure was reduced by 91% and management expenses was reduced by 40% with suggested treatment method. The treatment method that have low capital expenditure is tend to lower oil consumption and $CO_2$ emission quantity. The small scale dispersion dealing method have the lowest capital expenditure, oil consumption and $CO_2$ emission quantity and the linked method with sewage treatment have the highest expenditure and $CO_2$ emission quantity. Eventually, the optimal model of onsite zero discharge system in housing complex is small scale dispersion dealing method.

Association between Dietary Behavior and Esophageal Squamous Cell Carcinoma in Yanting

  • Zhao, Lin;Liu, Chun-Ling;Song, Qing-Kun;Deng, Ying-Mei;Qu, Chen-Xu;Li, Jun
    • Asian Pacific Journal of Cancer Prevention
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    • v.15 no.20
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    • pp.8657-8660
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    • 2014
  • Background: Yanting is one of high risk areas for esophageal cancer and the screening program was therefore initiated there. This study was aimed to investigate the dietary behaviors on the risk of esophageal squamous cell carcinoma (ESCC), among the individuals with normal and abnormal esophagus mucosa. Materials and Methods: A frequency matched case-controls study was proposed to estimate the different distribution of dietary behavior between individuals of control, esophagitis and cancer groups. Cancer cases were selected from hospitals. Esophagitis cases and controls were selected from screening population for ESCC. Health workers collected data for 1 year prior to interview, in terms of length of finishing a meal, temperature of eaten food and interval between water boiling and drinking. Chi-square, Kruskal-Wallis tests and unconditional logistic regression model were used to estimate differences and associations between groups. Results: Compared with controls, length of finishing a meal ${\geq}15mins$ was related to a reduced OR for cancer (OR=0.46, 95%CI, 0.22-0.97) and even compared with cases of esophagitis, the OR of cancer was reduced to 0.30 (95%CI, 0.13-0.72). The OR for often eating food at a high temperature was 2.48 (95%CI 1.06, 5.82) for ESCC as compared with controls. Interval between water boiling and drinking of ${\geq}10mins$ was associated with lower risk of cancer: the OR was 0.18 compared with controls and 0.49 with esophagitis cases (p<0.05). Conclusions: Length of eating food ${\geq}15mins$ and interval between water boiling and drinking ${\geq}10mins$ are potentially related to reduced risk of esophageal SCC, compared with individuals with normal and abnormal esophageal mucosa. Recommendations to Yanting residents to change their dietary behaviors should be made in order to reduce cancer risk.

The impact of Workforce Aging on Labor Productivity: Using the Regional Panel Dataset in Korea (노동력 고령화가 노동 생산성에 미치는 영향 분석: 우리나라 지역별 패널통계 활용)

  • Jung, Yonghun;Lee, Seong-Hoon
    • Journal of Digital Convergence
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    • v.17 no.11
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    • pp.1-7
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    • 2019
  • This study analyzed the effects of labor aging on labor productivity using panel statistics of 16 local governments from 1995 to 2017. The aging of the labor force, defined as the proportion of workers aged 60 or older in total employment, in the results of the panel regression analysis considering regional fixed effects and various adjustment variables, has a very consistent and significant negative effect on labor productivity. For every 1% increase in aging, labor productivity decreases by about 0.14 ~ 0.20%. In addition, the per capita capital stock and human capital considered as adjustment variables contributed to the increase of labor productivity, and the unemployment rate, which is a proxy variable of the economic fluctuation, has a significant negative effect on labor productivity as expected. The coefficient of the industrial structure, which represents the share of the service industry in the whole industry, was positive, but is not significant. The results of this study suggest that the design and construction of economic and educational policies that can maintain and expand human capital are necessary to curb the reduction in labor productivity expected by the aging workforce.

Study on the Plan for Reduction of Credit Risk of Medium-size Construction Companies Preparing for Restructuring (구조조정에 대비한 중견건설사 신용리스크 저감방안에 관한 연구)

  • Lee, YunHong
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.5
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    • pp.64-73
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    • 2020
  • The government announced a plan for fund support to the enterprises with high possibility of recovery and early restructuring for the enterprises with low recovery by objectifying credit assessment system. Such announcement of government could be extended to restructuring risk of middle standing enterprises with low financial soundness by establishing the basis to prepare prompt restructuring by reinforcing the basis for restructuring through capital market. This research analyzed financial soundness based on the financial evaluation of bank by selecting 10 middle standing construction companies which focused on housing business in 2019, based on such analysis result, it was confirmed that there was a high possibility of restructuring risk. This research determined that there would be a decrease in growth rate of construction industry on the whole in 2020 due to fall of economic growth rate and reinforced real estate regulation, accordingly, there's a big possibility for middle standing construction companies with paid-in capital ratio due to its low possibility of maintenance of stable credit rating. This research established KCSI assessment model by utilizing the material of a reliable research institute in order for middle standing construction companies to evade restructuring risk, and indicated risk ratio differentiated per each item through a working-level expert survey. Such research result could suggest credit risk reduction method to middle standing construction company management staffs, and prepare a basis to evade restructuring risk.