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Personal Remittances: An Empirical Study in Oman

  • UDDIN, Mohammed Ahmar;ALAM, Md. Shabbir
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.917-929
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    • 2021
  • This study highlights the importance of remittance, the factors which affect the percentage of income remitted, and the investment options available to reduce remittance. For the year 2019, the remittances from Oman totaled $9.1 billion. Oman was among the top remitters with remittance to gross domestic product (GDP) ratio of 11.9%. A survey was conducted on 300 resident expats in Oman. The descriptive analysis shows that the maximum remittance percentage is between 21%-40% of income. The multinomial logistic regression results show that outward remittance depends on gender, age, occupation, number of dependent in Oman, and the number of dependent in the home country. Regarding investment, the most preferred investment option is business, followed by real estate and financial services. Age and education are found to affect investment options. This paper tries to fill the literature gap, especially for the case of Oman, by exploring what determines the level of remittance and the preferred choices for retaining funds. This study adds to the existing literature, as no previous study is available regarding how personal factors can influence the level of remittance and investment in a small oil-exporting developing country like Oman. The study will be helpful to policymakers and academicians in devising policies to retain and invest the outwards remittances in Oman.

A Current Status of Natural Analogues Programs in Nations Considering High-Level Radioactive Waste Disposal

  • HunSuk Im;Dawoon Jeong;Min-Hoon Baik;Ji-Hun Ryu
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.21 no.1
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    • pp.65-93
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    • 2023
  • Several countries have been operating radioactive waste disposal (RWD) programs to construct their own repositories and have used natural analogues (NA) studies directly or indirectly to ensure the reliability of the long-term safety of deep geological disposal (DGD) systems. A DGD system in Korea has been under development, and for this purpose a generic NA study is necessary. The Korea Atomic Energy Research Institute has just launched the first national NA R&D program in Korea to identify the role of NA studies and to support the safety case in the RWD program. In this article, we review some cases of NA studies carried out in advanced countries considering crystalline rocks as candidate host rocks for high-level radioactive waste disposal. We examine the differences among these case studies and their roles in reflecting each country's disposal repository design. The legal basis and roadmap for NA studies in each country are also described. However because the results of this analysis depend upon different environmental conditions, they can be only used as important data for establishing various research strategies to strengthen the NA study environment for domestic disposal system research in Korea.

Comparison of Freeway Capacity and Level of Service of Each Country HCM (각국 도로용량편람의 고속도로 기본구간 용량 및 서비스수준 분석방법론 비교 연구)

  • 최병국
    • Journal of Korean Society of Transportation
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    • v.17 no.4
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    • pp.19-31
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    • 1999
  • A first version of KHCM was Published in 1992, and is currently used extensively in engineering Practice. The study of new manual was initiated in 1998 and is intended to be ready for publication by the year 2000. The purpose of this paper is to indicate the study direction of basic freeway section by comparing the results of each country HCM. 1985 USHCM, 1997 USHCM, 1992 K17CM, German HCM, Japan HCM, Australian HCM. Taiwan HCM, and Canadian HCM have been reviewed. All the country except Germany followed the same method developed in 1985 USHCM for analysing basic freeway section. Therefore the method of USHCM and German HCM have been introduced in detail. Finally. the Problem of 1992 KHCM have been suggested.

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Air Pollution by Airplane Engines (항공기 엔진에 의한 대기오염)

  • 김대식
    • Journal of the Korean Professional Engineers Association
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    • v.32 no.5
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    • pp.118-125
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    • 1999
  • Air pollutant emissions from airplane engines are estimated about 2 to 4 % of mobile source of USA and European countries which is not a large portion of current air pollution. But the passengers and airfreights are continuously increasing 5 to 7% annually and potential demands of air transportation services come to present, it could effect air pollutant emissions of USA will increase within 15 years. In case of our country, there has been continuous increase of air transportation service due to considerable economic growth in recent years and increase of air pollutant emissions of major international airports has followed. Rapid increase of air transportation due to launching of Inchon International Airport could effect air pollution dominantly. By this circumstance environmental specialist as well as mass communication raised necessity of air pollutant emission regulation from airplane engines. It is estimated that air pollutant emissions from airplane engines in our country is 2.7% of automobile sources, 10,809 ton, which is the same level as USA and European countries. It is increased by 12,2% compared to air pollutant emissions during 1996 and it will be increased more than a half of current air pollutant emission within 15 years due to our country's economic condition. Therefore implementation of airplane engine emissions regulation as well as test standards and accumulation of technology about characteristics of airplane engine emission and reduction method are needed. And continuous estimation of air pollutant emission from airplane engines and monitoring of increment as well as development of countermeasures by long term are necessary.

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The Industrial Security along with the International Transfer of Technology (국제기술이전계약에서의 산업보안에 관한 연구)

  • SEO, Jung-Doo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.76
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    • pp.1-20
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    • 2017
  • The industrial technology (including trade secrets), which is commonly understood as systematic and applied technical knowledge, can be transferred to third parties by contracting for the transfer of technology or by granting of a licence. The activity of industrial espionage, due to the gradual increase of the economic interests of intellectual property, is displaying intensively in order to gain advanced technology information. With our outstanding high technology, but compared to the level of the advanced countries, the technical protection systems, the legal protection measures and the systematic management thereof may still be insufficient. Our industrial technology outflow abroad, due to the vulnerability to the security control system in our country, has been increasing since the 2000. Computer software and SNS, such as smart devices, appear as a rapid change in the technical information environment. In order to minimize the dead zone of a new industrial security, the country's organic activity is being conducted. In 2006, Industrial Technology Outflow Prevention and Protection Law was enacted, which emphasized the responsibilities of the country. In this paper for the economic entity's efforts to prevent technology leakage oversea, I have looked to how the industrial technology can be protected in terms of national security and economic benefits of our enterprises. To solve the above-mentioned problems hereof, Korean government should willingly establish a reliable legal system for supporting to enterprise's operations, and Korean companies should autonomously introduce a synthetic technology protection system and incorporate the confidentiality clauses in an international transfer of technology agreement with third parties.

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Optimum Reserves in Vietnam Based on the Approach of Cost-Benefit for Holding Reserves and Sovereign Risk

  • TRAN, Thinh Vuong;LE, Thao Phan Thi Dieu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.3
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    • pp.157-165
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    • 2020
  • This paper estimates the optimum level of reserves in Vietnam based on the approach of reserves' cost-benefit and sovereign risk which is one of developing countries' characteristics. The cost of reserves is the opportunity cost when holding reserves. The benefit of reserves is the loss due to country's default in case that there is no reserves to finance external debt payment. The optimum reserves is found out by minimizing the total of opportunity cost and loss due to country's default with the probability of default. Through the usage of HP Filter method for calculating the loss due to country's default, ARDL regression for the risk premium model and lending rate of VND as proxy for opportunity cost together with the Vietnamese economic data in the period of 2005 - 2017, the empirical results show that the optimum reserves in Vietnam is almost higher than the actual reserves during the research period except the point of Q3/2008 and the last point of research period - Q4/2017. Therefore, Vietnam should continue to increase reserves for safety but Vietnam does not need pushing quickly the speed of increasing reserves. In addition, controlling Vietnamese optimum reserves is necessary to help the actual reserves become reasonable.

Does Population Aging Contribute to Increased Fiscal Spending?

  • LEE, Mihye
    • Asian Journal of Business Environment
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    • v.9 no.4
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    • pp.23-28
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    • 2019
  • Purpose - With rapid population aging in Korea, changes in the population structure will result in a rise in the fiscal burden. This paper investigates the effects of population aging on fiscal spending based on Korea's province data and country panel data from the OECD. Research design, data, and methodology - We use province-level fiscal data from Local Finance Integrated Open System and the Korean Statistical Information Service and also collect country panel data from the OECD. To investigate the relationship between population aging and fiscal expenditures, our analysis uses the fixed effects model. Results - The empirical analysis based on Korean local finance and country panel data show that population aging has a positive impact on social welfare expenditures and it also has a positive impact on spending related to children and the elderly, implying that population aging may lead to an increase in fiscal spending via an increase in social welfare expenditures and spending related to children and the elderly. Conclusion - These empirical results suggest that countries like Korea that expect to experience rapid population aging need to pay more attention to prepare for the expected increase in age-related spending in the near future.

Government support measures and the current situation in the renewable energy sector of Kazakhstan

  • Izbassov, Kairat
    • Bulletin of the Korea Photovoltaic Society
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    • v.6 no.1
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    • pp.76-85
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    • 2020
  • The Republic of Kazakhstan is a geographically large but sparsely populated country, rich in natural resources, located in the center of the Eurasian continent. In recent years, it has begun to create a green economy, leading it among its neighbors in Central Asia. Therefore, the country has set a clear goal: by 2030, emissions should be reduced by 15-25% compared to the level of the 90s. As part of the country green economy strategy, in 2013 Kazakhstan adopted the "National Concept for the Transition to the Green Economy until 2050", which sets out the principles of the green economy as a path for future development. The goal is to bring the share of renewable energy in electricity production from zero to 3% by 2020, and then increase it to 30% by 2030 and 50% by 2050. This paper looks at what Kazakhstan has done to promote renewable energy and provider perspectives. The paper also considers Kazakhstani legislation in terms of the development of renewable energy sources and provides information on incentives and preferences for the development of renewable energy sources. Thus, it will be easier for investors to evaluate the implementation of potential projects in Kazakhstan.

The Hazard Grade Classification Criterion using Character of Collapsed Cut Slope by Rainfall (강우에 의해 붕괴된 절토사면의 특성을 이용한 절토사면 위험등급 분류기준)

  • Yoo, Ki-Jeong;Koo, Ho-Bon;Baek, Yong
    • Proceedings of the Korean Geotechical Society Conference
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    • 2004.03b
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    • pp.600-605
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    • 2004
  • The road construction with horizontal expansion of country using and augmentation of traffic demand is advanced actively and it accompanies hereupon, the above of 70% of the country is formed at the mountain in our country where the hazard cut slope has been created. In this study, It is prepared a effective management countermeasure of cut slope introduced priority investigation decision method against hazard cut slope which is influenced by abnormally rainfall by an unusual change in the weather such as a guerilla rainfall character. In meaning link, It was executed collapse cause by failure character analysis in the cut slope which has failed for the last five years and it is prepared the hazard grade criterion from E to A grade according to collapse cause. It is decided that a maintenance management grade by the hazard grade classification criterion of cut slope. So It is possible to hazard cut slope. It is established failure protection counter countermeasure by effective maintenance management through the hazard grade c1assification criterion and it will be able to dispose to advanced nation level like Hong Kong and Japanese.

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A Study on the Improvement of Rules of Origin in the Korea Foreign Trade Act in the Global Trade Circumstances (국제무역환경 변화에 따른 대외무역법 원산지제도의 개선방안에 관한 연구)

  • Park, Kwang-So;Lee, Byung-Mun;Oh, Won-Suk
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.41
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    • pp.267-292
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    • 2009
  • It is a right time to improve the Korea Foreign Trade Act(KFTA) as a fundamental law on Rules of Origin(RoO) in the global trade circumstances which are summarized FTA and WTO. The KFTA's RoO constitutes the labelling system of the Country of Origin, the criterion of it, the issuing of certificate of origin and the punishing offender mainly around the importing goods. This study has focused on the problems of KFTA's RoO at the macro and practical level, and proposed the programs to improve the KFTA's RoO about importing, exporting and domestic production goods. KFTA need to create a purpose clause to protect consumers and industries also, and has to be located a general and top position in the RoO of Korea. In the concrete, the labelling system of the Country of Origin has to set limited in the point of minimum necessity view. The criterion of the Country of Origin also has to improve the wholly obtained criterion, the changing in tariff classification criterion, value added criterion and processing operation criterion to harmonize WTO Rules of Origin and FTA Rules of Origin. The punishment ceiling against offender has to raise to guarantee the effectiveness of RoO.

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