• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.1
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• pp.181-187
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• 2011

This paper deals with the job creation effect of economic growth by focusing on the types of technological progress. The hypothesis is that labor-saving technological change may create less job than capital-saving or factor-neutral ones. The hypothesis is proved theoretically using an equilibrium model of labor market. Empirically, first, a simulation experiment is performed to check the hypothesis empirically and confirms it. Secondly, we look at labor/capital ratio since it may be affected by the type of technological improvement. One important policy implication is that job creation effect of economic growth depends on the structure of labor supply as well as that of labor demand.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.3 no.3
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• pp.59-66
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• 1980

The purpose of this paper to study on measuring method in technical progress. Technology is combination method of raw material and capital, land, labour. The first step to technical Progress is COBB-DOUGLAS production function, so technical progresses are important role in economic growth and development. General production function from Y=f(K, L, T) and COBB-DOUGLAS production function Y=${AK^I}{L^b}$ is first condition. Technical progress is saving of production factor In capital saving, labour saving, neutral saving. Marred Hicks Robinson has Insist on technical progress by each view of production factor, but, what is most excellent measuring method of technical progress\ulcorner I : productivity index method. II : Gross Production function method. Productivity method used in every products level in weight values, gross method function method used in production factor attributed to products. Above two measuring method has delicate problem in each input factor, substitution relation and production factor simultaneously linked each others This basic problem based on technical progress is not solubable in this time.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.10
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• pp.15-27
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• 2022

Recently, as carbon dioxide (CO₂) emissions have increased overall and contributed to air pollution, and awareness of environmental degradation has grown. This study examines the impacts and causalities of economic globalization, economic growth, energy consumption, and capital formation on CO₂ emissions in China over the period 1971-2014. The vector error correction model (VECM) and Granger causality test on time-series data are employed to observe the interactions between CO₂ emission, economic globalization, and various economic factors, including economic growth, energy consumption, and capital formation, since China's early stage of globalization. The empirical results indicate the existence of bidirectional causalities from economic growth, gross capital formation, economic globalization, and CO₂ emission to energy consumption, and bidirectional casualty from energy consumption to CO₂ emission relationships in the short run. The findings of this study suggest that indirect bidirectional causalities from economic growth, economic globalization, and capital formation to CO₂ emission through energy consumption are observed. Moreover, economic globalization accelerates CO₂ emission in the short run but decreases it in the long run. To reduce CO₂ emissions, and to ensure sustainable economic growth and economic globalization progress, some crucial energy-saving and energy-efficiency policies, regulatory rules, and laws are recommended.

• Proceedings of the Korea Inteligent Information System Society Conference
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• 2001.01a
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• pp.325-329
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• 2001

This paper tests existence of precautionary saving motive under health uncertainty, using household level panel data from Korea. For this purpose, this paper considers a dynamic health capital model with health uncertainty and derives testable equations for changes in consumption and medical expenditures. Under this framework, households who face future health uncertainty will exhibit precautionary behavior by depressing consumption or increasing investment in health. To test this hypothesis, the paper uses the conditional variance of health as the direct measure of health uncertainty, obtained by estimating a multinomial logit model. Empirical results using the Korean Household Panel Study (KHPS, 1993 - 1997) suggest that Korean elderly households follow the precautionary behavior to insure against future health risk.

• Journal of Technology Innovation
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• v.24 no.3
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• pp.81-105
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• 2016

The purpose of this study is to estimate the cost-saving effect of R&D investment in the ICT industry. As is well known, the R&D investment induces both the product innovation and the process innovation, in turn leads the effect of creating profit and cutting cost. However, it appears that studies concerned with the cost-saving effect of R&D investment have been unproductive, while most existing studies concentrate on the topic involved with the creating profit of R&D investment. Therefore, we extend the effect of R&D investment to a framework of the cost-saving focusing on the ICT industry. To empirically analyze the effect, we built a simultaneous three-equation model comprising a translog cost function and two cost share equations, and employed the SUR analysis. As a result, we found out that the cost-saving effect on the total cost is statistically significant. In addition, we examined relationships between the R&D investment and each cost of production elements. The results show that on the one hand, the R&D investment and the intermediate good cost have the substitution relationship. On the other hand, the complementary relationship is observed between the R&D investment and each labor or capital cost.

• KIEAE Journal
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• v.16 no.6
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• pp.143-149
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• 2016

Purpose: This study is to analyze the characteristics of energy usage in apartment houses that had built for 20 years recently in capital area and the correlation between the characteristics of energy usage and the regulation of energy efficiency in building. Method: It is investigated 264 apartment sites having been built since 1991 where 312,071 houses live. The sites were listed on Naver map. Quantities of energy usages in the sites were searched in a portal, Green Together being operated by the Ministry of Land, Infrastructure and Transport. The appraisal report of building energy in the portal is recording usage quantity of gas energy, district cooling & heating energy, electric energy, total energy, 1st gas energy, 1st district cooling & heating energy, 1st electric energy, 1st total energy, etc. Result: Analyzing the average of total energy usage from 1991 to 2012, the average in 2001, 2008 each was reduced more than 10 percent compared to the previous year. It was analyzed that the reduction was relevant to building energy-saving design criterion which have been tightened more than before.

• Proceedings of the Membrane Society of Korea Conference
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• 1994.06a
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• pp.45-58
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• 1994

Over the last 20 years, membrane separation processes, such as reverse osmosis, ultrafiltration and microfiltration, have been widely adopted by different industries. Commercial uses of membrane have displaced conventional separation processes, such as distillation, evaporation, precoat filter and so on. Membrane separation processes are often more capital and energy efficient when compared with conventional separation processes. Membrane devices and systems are almost always compact and modular. These are the well-known advantages of membrane separation processes. The disadvantage of the membrane process is that the process does not have scale merit and thus the membrane process is suitable for the small and middle size applications. Energy saving is, of course, the biggest advantage of the membrane process, and in many industries the membrane processes are employed because of this reason. Membrane process has other big advantage. In many applications membrane processes provide much higher quality of product than conventional processes. The example is ultrapure water production by membrane processes in semiconductor industry. Conventional technologies never offer such good quality of pure water. If you can obtain both energy saving and higher quality of product at the same time by membrane processes, this is the best application of membrane processes. One example is the concentration of orange juice by membrane, which has already been commercialized in Japan. Comparing with the conventional vacuum evaporation process, juice concentrated by the membrane process has much better taste and flavor and the energy consumption in the membrane process is much less than the evaporation process. In this paper, first membrane separation technology will be classified and then Japanese membrane manufacturers and new modules and devices under development in Japan will be introduced. Fourth energy saving in membrane process will be discussed and finally practical applications of membrane processes in Japan will be shown.

• 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.

• Journal of Korean Society of Forest Science
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• v.95 no.3
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• pp.268-273
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• 2006

This study analyzed the technological change of Korean sawmill industry affected by change of factor price. An aggregate cost function has been estimated to analyze the technological change in Korean sawmill industry between 1970 and 2003 to the technical bias and scale effect. There was substitution among labour, capital, and material, especially in more elastic relation between labour and capital. In addition, domestic sawmill industry was progressed into structure which is biased to labour saving, and capital and material using because of increase of labour price. Since Korean sawmill industry's technology still exhibits an increasing returns to the scale, the large amount of investment has contributed to productivity growth, and the future productivity growth continually depend on the scale effect for some time.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.43
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• pp.393-408
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• 1997

In the early 1990s, as Korean automobile industry has made rapid progress due to favorable trend in domestic demand and steady increase of export it is very important to analyze the extents of competitiveness and the trends of change in the field of production. In this dissertation, the current situation of our competitiveness and its changes in the field of production are synthetically reviewed through examining productivity and quality, that is output, as well as other overall factors related in the process of production. And this analysis reassures that first of all, our prior tasks lie in the quality and volume of production, and we should develope competitiveness through multilateral innovation of management Now in order to meet these prior tasks, we must secure our own technology design and ability for innovaton ; enlarge overseas local production technical tie-up with leading companies and develop M&A for globalization ; improve price competitiveness, construct cooperation of labor and capital, and improve the structure of finance for innovation of management saving the cost ; establish the new method of production for the preparation of increasing overseas investment in near future.