• Environmental and Resource Economics Review
• /
• v.16 no.3
• /
• pp.629-641
• /
• 2007

Chinese government has implemented the West Development Strategy since 1999 to boost the region's growth and prevent the environmental degradation. Until now, the regional economy and living standard in Western China have been greatly improved, while it also indicated by the State Council that the ecological environment still deteriorated with part improvement, and pressure of water shortage increased. The paper focus on the relationship of GDP per capita and the volume of industrial waste water discharge of all the 12 provinces in Western China from 1989 to 2004, by the expanded EKC model in the cubic form. Results show that they mainly have down trend in the whole sample space but small up trend in the recent years. That means controlling of industrial wastewater discharge is still an important task to be insisted in the Western China.

• International Commerce and Information Review
• /
• v.15 no.4
• /
• pp.313-339
• /
• 2013

Logistics industry was changed after China join into the WTO. Compared with other countries, cost of logistics is very high in China. Besides, there are several problems with the demand basis, service and information technology of the third-party logistics. The forth-party logistics was appeared in logistics market in this context. The forth-party logistics was just become to develop in China so there are many problems recent years. Chinese government propose some solutions with the development of the fourth-party logistics such as the adjustment of the logistics industry policy, strengthening of the logistics information system and infrastructure, training logistics expertise. This research pointed out the obstacles in the development of the forth-party logistics in China by analyzing the present situation and the development strategy of some representative companies such as ANDE Logistics Company and Philips Logistics Company. The purpose of this paper is to research the development of the forth-party logistics in China by analyzing the problems with Chinese government and logistics companies, and finally bring up some solutions with these problems.

• Journal of Navigation and Port Research
• /
• v.37 no.6
• /
• pp.719-725
• /
• 2013

Northeast Asia region is becoming the hub of world trade with China as the center. Integration of this region's economy is now visualized, domestic trade and international division of labor will be more invigorated. Especially on electrical and electronics industry is a large proportion of the trading volume between Korea and China and now, Present condition of electrical and electronics trading industry can effect on whole trading industry. In this study, conducting analysis of the current Korea-China electrical and electronics industry trading and advanced research, and find out the implication to trading volume with the panel analysis. As the results Korean/Chinese GDP, revealed comparative advantage, and foreign direct investment have an effect on the trading volume.

• The Southeast Asian review
• /
• v.27 no.4
• /
• pp.41-76
• /
• 2017

This paper analyses the market shares and the export similarity indexes (ESI) of Korea, Japan and China in ASEAN, and then identifies the determinants of Korea's exports to ASEAN countries using single equation cointegration approaches, such as fully modified OLS (FMOLS), dynamic OLS (DOLS), and canonical cointegration regression (CCR). Various regression results are as follows: As expected, Korea's real exports tend to increase as importing country's GDP grows. The competing third country's currency depreciation affects Korea's exports differently from country to country. Most notably, it doesn't significantly affect Korean exports in Malaysia, Indonesia and Thailand. These results suggest that bilateral or third country exchange rates are not that important or decisive factors to determine Korea's exports to ASEAN countries in the long-run while economic growth in ASEAN countries matters most.

• International Area Studies Review
• /
• v.13 no.2
• /
• pp.226-253
• /
• 2009

The study analyzes the trend of regional economic development disparity in China, sets up research period from 1952 to 2008, and uses the after-modified regional GDP data by the first national economic census in 2004. The results as follow. Firstly, the Coefficient of variation(CV) with after-modified GDP data lower than the pre-modified data. Secondly, generally speaking, after-reform and open period's disparity lower than pre-reform and open period. In particular, the regional development disparity increased slowly after 1990, not rapidly. Third, the new cycle of the inverse-U type is appeared from 2002. Fourth, compared with Herfindhal-Hirschman index(HHI) and Theil Entrophy index(TEI), the lower level regions more affect to reduce the disparity in 1980s, and it also affect to reduce the disparity after 2000. Fifth, the convergence hypothesis test finds that the regional economic development disparity has been converged in 1978-2008. Sixth, the inverse-U type hypothesis not has statistical significance, from 1952 to 2008, but it has statistical significance from 1991 to 2008. This result same as the CV and the convergence test.

• Korea Trade Review
• /
• v.45 no.2
• /
• pp.229-262
• /
• 2020

The price-to-earnings ratio (PER) is an important indicator to measure the stock price and profitability of a firm; it is also the most used valuation indicator among investors. When using the PER to compare the investment values of different stocks, these stocks must come from the same sector. This study mainly focuses on the China's listed manufacturing firms. By learning from previous research results and analyzing the current situation, we studied the correlation between the manufacturing sector's PER and its influencing factors from both macro and micro perspectives, the combination of which eventually sheds light on such correlation. Analyzing GDP growth rate data, Manufacturing Purchasing Managers' Index, and other macroeconomic variables from 2008 to 2018, we conclude that these variables jointly have a certain impact on the average PER of the manufacturing sector. We then form panel data based on relevant (2014-2018) data gathered from 317 of China's A-listed manufacturing firms to study the impact of micro-variables on PER. By using Stata and other software to analyze the panel data, we reach the conclusion that the Debt to Asset Ratio, Return on Equity, EPS growth rate, Operating Profit Ratio, Dividend Payout Ratio, and firm size have a significant impact on PER. The Current Ratio, Treasury Stock ratio and Ownership Concentration have no distinct effect on PER. Based on our empirical findings, we design a theoretical model that affects the PER.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.4
• /
• pp.55-67
• /
• 2021

This study aims to measure the lower tail dependence as risk contagion from the U.S. economy to 18 developing countries affecting FDI inflows using time-series data from 2005 to 2019. Firstly, we utilize four dynamic copula models, namely, Student-t, Clayton, rotated survival Gumbel, and rotated survival Joe, to measure the tail dependence structure between the U.S. and each developing country's real GDP growth. Secondly, we use the regression model to explore the contagion effects on FDI inflows. The results show that there is evidence of the tail dependence between the U.S and developing economies, indicating the presence of the contagion effects. Primarily, we observe that the degree of contagion effects of the global financial crisis varies across countries; a strong impact is observed in Chinese, South African, Russian, Colombian, and Mexican economic growth. Furthermore, we found significant contagion risk affecting FDI inflows positively in China, Indonesia, Columbia, Morocco, and negatively in the Philippines, Bulgaria, and South Africa. This study demonstrates the usefulness of the copulas model in terms of examining contagion. Our findings shed light on the influence of sound policies and regulations to cope with both positive and negative consequences of the contagion on the capital movement.

• Journal of Distribution Science
• /
• v.21 no.7
• /
• pp.41-50
• /
• 2023

Purpose: The purpose of the research is identified factors influencing the competitiveness of the copper industry in Kazakhstan. Research design, data and methodology: A few studies are dedicated to the analysis in developing countries, particularly Kazakhstan. The algorithm was chosen for research provision: statistical and comparative analysis, correlation, and regression analysis. The data of 1999-2021 obtained from the World Bank, Bureau of National Statistics, National Bank of Kazakhstan. Results: The obtained results demonstrate the trends in the development of the industry since 2000. The development of the copper industry is strongly influenced by the distribution and state of the business environment, economic situation, and trends in the global commodity markets. Conclusions: According to econometric modeling, there is a correlation between the profitability of the copper industry, GDP, copper prices, liquidity, and energy resource prices. Trends in global commodity and energy markets have a significant impact on the state of the industry. Further research should be conducted to include an analysis and forecast of internal factors that may affect the development of the industry, such as copper reserves, condition of fixed assets, government programs, etc. It is also important to examine the correlation with the trends in the development of the global green economy and the revival of the Chinese market.

• The Journal of Fisheries Business Administration
• /
• v.54 no.2
• /
• pp.31-44
• /
• 2023

This study examines the demand system of shrimp imported from top four countries and domestically produced by using AIDS (Almost Ideal Demand System) model. Top four import countries are Vietnam, Ecuador, China, and Malaysia based on the value of imports in 2021. As results of the analysis, the demand system of shrimp turn out to be below. First, the relationship of domestic shrimp and imported shrimp (Ecuadorian and Vietnamese) is identified as complements or substitutes depending on whether the income effect is considered. This result implies that imported shrimp supplements domestic supply against excess demand while homogeneous shrimp products competes with domestic shrimp in fish market. Second, the relationship among imported shrimps turned out to be both substitutes and complements. Especially, the Vietnamese shrimp is complementary with Chinese and Malaysian shrimp, but substitutes of Ecuadorian. It is assumed that adjoining Asian countries shares similar shrimp species and processing system which differentiates from Ecuadorian. Finally, the study included quarter as dummy variable and GDP as instrumental variable of expenditure in the model. The result confirmed that domestic shrimp is highly on demand during the main production season while imported shrimp is mainly demanded during the rest of the season.

• Journal of the Economic Geographical Society of Korea
• /
• v.26 no.4
• /
• pp.359-374
• /
• 2023

The main purpose of this paper is to explore the relationship between the transformation of Chinese regional development policy and trends in spatial inequality in mainland China. More specifically, it has attempted to identify the effects of Chinese regional development policies on regional economic inequality by investigating the coefficient of variation and Gini coefficient with GRDP in the province level. Regional inequality in China had increased from 1979 economic reform, but has eased since the 10th Five Year Plan(2001~2005) due to large-scale state investments in the western, central and northeastern regions. However, the analysis is likely to be resulted from the national level. Trends in regional inequality are differentiated in accordance with the eastern, central, northeastern and western regions. For example, regional inequality in the central region has increased, whereas other three regions has decreased since the 10th Five Year Plan. It has played a role in cutting down regional inequality in the national level. In particular, the central region has kept inequality since the 12th Five Year Guideline. It has led to the convergence of the regional economies in the national level. It has stemmed from some limits to greater regional policies in the Central region enforced in the 11th Five Year Guideline(2005~2010).