The Journal of Asian Finance, Economics and Business
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v.9
no.2
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pp.49-59
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2022
The relationship between income inequality and capital account openness is empirically investigated in this study, where macroeconomic variables have opposing effects. Panel data used in the study from the KAOPEN Index and World Bank consists of 28 Asian countries and has been examined; it contains annual observations from 1970 to 2018. The data is examined using a random-effect model based on GMM estimates. Income inequality and capital account openness are positively and significantly related, according to our findings. Overall, the findings imply that increasing income gaps reduced capital investment in nations with large discrepancies. The growing economic discrepancy is being caused by the rich's increasing income share at the expense of the poor. In Asia, inward capital account openness exacerbates income inequality, while outward capital account openness exacerbates it. As a result, income inequality slows economic growth, leading to inflation, unemployment, and increased government spending in several Asian countries. Our control factors, GDP, and other secondary school enrolments, all had a statistically significant negative relationship with income inequality. Income disparity has a positive and statistically significant association with government spending, inflation, population, trade openness, and unemployment. Income disparity has a negative association with capital account openness, gross domestic product, and secondary school enrollment.
This study examined the trade of the Central Asian CIS countries and the Daegu-Gyeongbuk region. These countries are rich in resources such as oil, natural gas and aluminum. These countries were switched to capitalist market economy after independence from the Soviet Union. So, these countries are considered as new emerging markets. This study analyzed the current status of trade between Daegu-Gyeongbuk region and Central Asian CIS countries. The result of analysis of the trade structure between the Daegu-Gyeongbuk and Central Asian CIS countries, and of the Daegu-Gyeongbuk region exports to Central Asian CIS countries showed insufficience when compared with the total export of korea. In this study, we used the gravity model to analyze the trade volume of the Daegu-Gyeongbuk region and Central Asian CIS countries. The result of analysis is that the globalization of Central Asian CIS countries appeared to be effective in increasing trade. In order to increase trade, Korea and CIS countries should strengthen their economic cooperation. Especially, these countries should try to implement FTAs for economic integration. The Central Asian CIS countries have an industrial structure that relies on resource exports. So, they have a blueprint for diversification of industries through national long-term plans. The Daegu-Gyeongbuk region's economy has been going through long-term stagnation. If the Daegu-Gyeongbuk companies can enter the Central Asian CIS countries, it can be a solution for the local economy.
Morphological and genetic diversity of thirty nine safflower germplasm were collected and evaluated by Principal Component Analysis (PCA) and Random Amplified Polymorphic DNA (RAPD) method. Stem length and seeding to flowering days of the safflower germplasm showed $26\~117cm\;and\;76\~179$ days of variation respectively. USA originated germplasm showed higher oil content as $39\%$, but that of Japanese showed lower as $26\%$. PCA made three different cluster groups according to some agronomic characteristics of safflower. Korea originated germplasm showed similar cluster group with that of collected from USA in the PCA of stem length. But in the seeding to flowering days, it showed similar cluster pattern with that of collected from Japan rather than USA. In the experiment of RAPD analysis, total five primers showed polymorphism at the several chromosomal loci. Korea, China Japan and South Central Asia originated germplasm were differently classified with USA and South West Asia originated germplasm with lower similarity coefficient value (0.47). Most of Korea originated germplasm were grouped with South Central Asia originated germplasm with higher similarity coefficient value (0.74) conferring similar genetic background between both of them. China and Japan originated germplasm were dendrogramed with Korea originated germplasm at the 0.65 and 0.50 similarity coefficient values respectively. Some common results were expected from both of PCA and RAPD analysis, but lower genetic heritability caused by relative higher portion of environmental variance and environment by genotype interaction at the expression of those of agronomic characteristics made constraint to find any reliable results.
Journal of the Korean Society of Clothing and Textiles
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v.8
no.3
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pp.31-42
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1984
This paper is a research on the origins and the developing process of $Dan-Ry\={o}ng$ centering on the change of its form. From the beginning of A. D era Central Asia had played the important role of a traffic route connecting China and its western adjacent world. Through this route $Dan-Ry\={o}ng$ was introduced into China (South-North Dynasty era). The form of $Dan-Ry\={o}ng$ in early period was Ban-Gum-Po (Open-collared costume that turn down the collar to the outside), and it could be worn close-collared or open-collared. From the fact that the people who wore $Dan-Ry\={o}ng$ in early period were mainly Iranian and that it was also worn by lower class like a waiting maid, it can be said that $Dan-Ry\={o}ng$ was not the costume of Han race. In early period the motif of the inside of collar was Persian style, and the people of central Asia was mostif Iranian. In short, $Dan-Ry\={o}ng$ was the costum of the people lived in the adjacent world west of China, particulary Iranians. The form of $Dan-Ry\={o}ng$ changed from Ho-Bok to Ban-Gum-Po owing to the differences in climate. In conclusion, $Dan-Ry\={o}ng$ originated in Ho-Bok ana was introduced into the world west of china by the movement of Horrse-riding Race. Then its form was changed owing to the factors like climate, natural and cultural features, and consepuently it was introduced into China by way of Centeral Asia. In China it was settled as $Dan-Ry\={o}ng$ through the ages of T'ang dynasty, Sung dynasty, Ming dynasty.
Choi, Ki-Chul;Woo, Jung-Hun;Kim, Hyeon Kook;Choi, Jieun;Eum, Jeong-Hee;Baek, Bok H.
Asian Journal of Atmospheric Environment
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v.7
no.1
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pp.25-37
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2013
Open biomass burning (excluding biofuels) is an important contributor to air pollution in the Asian region. Estimation of emissions from fires, however, has been problematic, primarily because of uncertainty in the size and location of sources and in their temporal and spatial variability. Hence, more comprehensive tools to estimate wildfire emissions and that can characterize their temporal and spatial variability are needed. Furthermore, an emission processing system that can generate speciated, gridded, and temporally allocated emissions is needed to support air-quality modeling studies over Asia. For these reasons, a biomass-burning emissions modeling system based on satellite imagery was developed to better account for the spatial and temporal distributions of emissions. The BlueSky Framework, which was developed by the USDA Forest Service and US EPA, was used to develop the Asian biomass-burning emissions modeling system. The sub-models used for this study were the Fuel Characteristic Classification System (FCCS), CONSUME, and the Emissions Production Model (EPM). Our domain covers not only Asia but also Siberia and part of central Asia to assess the large boreal fires in the region. The MODIS fire products and vegetation map were used in this study. Using the developed modeling system, biomass-burning emissions were estimated during April and July 2008, and the results were compared with previous studies. Our results show good to fair agreement with those of GFEDv3 for most regions, ranging from 9.7 % in East Asia to 52% in Siberia. The SMOKE modeling system was combined with this system to generate three-dimensional model-ready emissions employing the fire-plume rise algorithm. This study suggests a practicable and maintainable methodology for supporting Asian air-quality modeling studies and to help understand the impact of air-pollutant emissions on Asian air quality.
This paper attempts to investigate FDI Trade have been viewed a power affecting economic growth in Mongolia and five Central Asian countries(Kazakhstan, Uzbekistan, Kyrgyzstan, Kazakhstan and Turkmenistan) directly and indirectly using the Vector Error Correction Model. The results of empirical analysis based on data from 1995 to 2015 confirmed that FDI had a significant impact on economic growth in the rest of countries expect Kazakhstan and Turkmenistan, and Trade was not statistically significant for all countries. Accordingly we've come to below conclusion in consideration of the results of the statistics survey. It is urgently required to implement the policies on promoting foreign investment at first in order to recover economic decline though the international trading is considered important in developing the economics of developing countries. Especially, the landlocked countries, namely the countries having same border should focus on promoting the development of transport and freight forwarding systems between the countries, implementing the policies on trade relationships and foreign direct investments throughout the nation in consideration of the low- level of market economic conditions.
This study was undertaken to examine the dietary adaptation in Korea, and utilization of university foodservice (UF), according to the nationality of foreign students. The survey was conducted from April to June in 2017, and included 604 subjects studying in a university in Busan. The questionnaire was designed to examine the adaptability to Korean food and the consumption of UF. The nationalities included students from China (63.4%), Vietnam (13.2%), Central Asia (8.9%), Southeast Asia (5.0%), and others (9.4%). Vietnamese and Southeast Asians showed higher adaptation to Korean food than Chinese or Central Asians. The degree of contribution of UF to diet was highest amongst the Chinese, followed by Vietnamese. The main reason for not consuming UF for the Chinese and Southeast Asians was 'lack of menu variety', and for Central Asians was 'no menu that can be eaten, including due to religious reasons'. In order to improve UF, all groups asked for increased 'variety of menu', and Vietnamese and Southeast Asians also asked for 'decrease in price'. In meat, fish, and vegetable menus, there were significant differences in the types and recipes of foods preferred, as per the nationality. These results indicate that different approaches by considering the national characteristics are required, to help international students adapt to Korean food, and to increase their consumption of UF.
Journal of the Korean Society of International Agriculture
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v.30
no.4
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pp.269-276
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2018
Achievement of sustainable agricultural development is one of the most important issues in many developing countries. In addition, basic inputs such as labor and capital, and social and environmental factors are important factors in agricultural production in developing countries. This study examines impact of governance conditions of Central Asian newly independent Post-Soviet Union countries on agricultural production and production efficiencies by using World Bank's Worldwide Governance Indicators. The studied countries had similar socio-economic conditions and environments before independence; however, those countries have different forms of development. Empirical results showed that governance improvement helped to increase agricultural production significantly. In addition, we found that each governance factor has different effects on agricultural production. The findings of this study would be a base for sustain agricultural production in developing countries, and stressed the necessity of improved governance conditions as well as input investments for achievement of agricultural development.
This study aimed to determine the changes in the local fiscal structure brought about by the change in the transaction tax, including the acquisition tax, by the central government. The review of the analysis results proved the following. First, the government's transaction tax exemption policy effectively influenced the expansion of the local fiscal budget. Transaction tax exemptions such as acquisition tax exemptions would not contribute to the expansion of the local fiscal budget in the short run, but may do so in the long run. Second, the review of the effect of the transaction tax exemption policy by the central government on the local fiscal structure confirmed that its impact on the local fiscal structure may vary depending on the timing of such tax exemption. Third, the overall local fiscal structure as a result of the transaction tax exemption by the central government was confirmed to have been influenced more by the fiscal capability of the local government than by the income level of the local residents. In conclusion, the stimulation of real estate transactions using tax tools may positively influence the overall fiscal structure of local governments, but it would also put pressure on the fiscal management of local governments because it is largely influenced by the fiscal capability of the local governments.
Central Asian Countries had been independent in 1991 from USSR. Since then it have been increasing foreign trade and investment amount with outside countries including China, Japan, EU and South Korea. Korean enterprises and entities have endeavored to secure plentiful natural resources, oil and gas energy and expand the market share to exporting the consuming and industrial competitive goods and services for those countries. In the case of disputes of commercial transactions and investment, arbitration is regarded as a dispute resolution system which has been preferred in international transactions and investments by the business world. Since the collapse of the USSR, Central Asian Countries have worked to modernize its arbitration law and procedure to conform with international standard rules. Arbitral legislation in Central Asian countries is based on the Model Law as adopted in 1985. However, CIS's legislation systems of arbitration are not satisfied with the international standard in national laws and practices. That is the reason to consider for the specific parliament about arbitration for the dispute resolutions in the commercial transaction and investment between Korean enterprises and CIS. In this article, it is discuss problems and its alternatives in the dispute resolution about the commercial transaction and investment into Central Asian countries including the tendency to the increasing the trade volumes of goods and investment between South Korea and CIS. According to this article, South Korea consider the long term strategy followed the preferred economic relative partnership for business success on commercial transaction and investment with the Central Asian Countries.
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