• Title/Summary/Keyword: Domestic Final Demand

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Intensity of Use Applied Domestic Metal Demand (사용강도를 도입한 국내 주요금속의 수요 연구)

  • Kim, Dae-Hyung;Kim, Ji-Whan;Lee, Je-Hyung
    • Economic and Environmental Geology
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    • v.41 no.5
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    • pp.509-516
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    • 2008
  • For analyzing resources demand appropriately, corresponding demand data is essential. But it is hard to get the suitable data of each resource demand, because every resources has various type as refined and many kind of alloyed. That reason makes many analyses to employ the data of refined metals as the representative quantity. But those refined metals are factors for producing final goods so those in domestic market are not always meant for producing domestic end goods. Thus in this paper, the domestic demands of refined copper, lead and zinc are analyzed empirically with 'intensity of use' and foreign countries' income variable applied model for recovering the data availability.

Input-Output Structural Decomposition Analysis on the Growth of ICT Industry (ICT산업 성장의 투입·산출 구조분해분석)

  • Sang Choon Kim
    • Journal of Information Technology Applications and Management
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    • v.31 no.4
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    • pp.75-97
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    • 2024
  • This paper conducts the input-output structural decomposition analysis on the growth of ICT industry during year 2000~2019. The novel feature of this study is to dissect the economy-wide collective growth contributions into industry by industry contributions. The main results are as follows. First, the growth of ICT manufacturing industry has excessively depended on its own export and import-substitution of intermediate goods, while the growth of ICT service industry has heavily depended on its own domestic final goods demand. Second, for the growth of ICT manufacturing industry, its own contribution is about 79%, and the contributions of non-ICT service and manufacturing industries respectively are 11% and 9%, but the contribution of ICT service industry is only about 1%. For the growth of ICT service industry, its own contribution is about 61%, and the contributions of non-ICT service and non-manufacturing industries respectively are about 33% and 5%, but, surprisingly, the contribution of ICT manufacturing industry is less than 1%. Third, the contributions of non-ICT manufacturing and service industries to the growth of both ICT industries have been done mainly through increase in export and domestic final goods demand together with change in the structure of input technology.

Input-Output Structural Decomposition Analysis on the Growth Structure of Korean Maritime and Port Industry (투입·산출 구조분해를 통한 해운항만산업 성장구조분석)

  • Sang Choon Kim
    • Korea Trade Review
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    • v.46 no.1
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    • pp.83-111
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    • 2021
  • This paper conducts a Structural Dcomposition Analysis on the structure of factors contributing to the output growth of Korean Maritime and Port Industry during year 2000~ year 2017. Some of results are as follows. The output growth rates of the industry (yearly average 4.3%) was far lower than the average growth rates of Service as well as of Manufacturing Industries (yearly average 9% and 6.8%, respectively) due to the lower output growth of Maritime Industry. Among the growth contributing factors, change in domestic demand for final goods is the first contributing factor, and then change in technology, change in export and import substitution for intermediate goods are followed in order, but import substitution for final goods decreased its output. However, in each respective sub-periods of pre-global financial crisis and post-global financial crisis, change in the export, especially change in the export of Maritime Industry is the dominant determinant of output change in the Maritime and Port Industry in opposite ways. In the periods of the former the increase in the export of Maritime Industry overwhelmingly led the output growth of the Maritime and Port industry, but in the periods of the latter the decrease in its export was the culprit of lower output growth of the industry. On the other hand, among all industries of service and manufacturing sectors, Wholesale and Retail industry is the leading industry in contributing to the output growth of the Maritime and Port Industry, and Transportation Equipment industry is the leading industry among all manufacturing industries.

The 'Middle-Income Country Trap' and Technological Catch-up: The Case of the Machine Tools Industry in Korea (기계산업에서의 중진국 함정과 기술추격: 한국 기계산업의 사례)

  • Kim Yoon-Zi
    • Journal of Technology Innovation
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    • v.14 no.1
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    • pp.147-175
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    • 2006
  • One of the biggest problems of Korean economy is polarization of firms for export and domestic demand and that of conglomerates and SME's achievement. One of the culprits lies weakness of intermediate industry such as machine tool. Since intermediate industry is important path where export performance affects domestic demand and whose actor usually is SMEs with high spill over effect in labor market. Especially, intermediate industry Is vulnerable because of industrial policy biased In backward linkage effect. However if a country fails to develop intermediate industry above some critical point, that country would fall in low-tech equilibrium without growth. In case of benign circle where final goods industry growth leads growth of intermediate industry and again it leads that of final goods industry, it can reach high-tech equilibrium. By contrast, in opposite case where in industrialization latecomer fails to link industries likewise above some critical point that country would fall in low-tech equilibrium without growth. Moreover, for several reasons, machine tool firms of Korea have difficulty in catching up technology above critical point. Firstly. Conglomerate demander neglects their product. Secondly, even after success of development overcoming difficulties they fail to get market share for response of dumping of foreign competitors. And the last one is patent litigation of foreign competitors that incapacitate the technology development. For these, Korean machine tool firms fell in 'middle-income country trap' itself, since they stuck in some extent when they technologically catch up. Consequently, for latecomer country in machine tool industry to leapfrog meaningfully policy support is necessary, Weak intermediate industry does not Induce domestic firms and remained fragile. Therefore, localization, policy should reflect condition of technological catch up more than before, in order to be effective and fruitful. There should be turning point over relationship between conglomerates, major demander of machine tool and SME's, for only with active purchasing of conglomerate Korean machine industry can grow.

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Prediction of Global Industrial Water Demand using Machine Learning

  • Panda, Manas Ranjan;Kim, Yeonjoo
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.156-156
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    • 2022
  • Explicitly spatially distributed and reliable data on industrial water demand is very much important for both policy makers and researchers in order to carry a region-specific analysis of water resources management. However, such type of data remains scarce particularly in underdeveloped and developing countries. Current research is limited in using different spatially available socio-economic, climate data and geographical data from different sources in accordance to predict industrial water demand at finer resolution. This study proposes a random forest regression (RFR) model to predict the industrial water demand at 0.50× 0.50 spatial resolution by combining various features extracted from multiple data sources. The dataset used here include National Polar-orbiting Partnership (NPP)/Visible Infrared Imaging Radiometer Suite (VIIRS) night-time light (NTL), Global Power Plant database, AQUASTAT country-wise industrial water use data, Elevation data, Gross Domestic Product (GDP), Road density, Crop land, Population, Precipitation, Temperature, and Aridity. Compared with traditional regression algorithms, RF shows the advantages of high prediction accuracy, not requiring assumptions of a prior probability distribution, and the capacity to analyses variable importance. The final RF model was fitted using the parameter settings of ntree = 300 and mtry = 2. As a result, determinate coefficients value of 0.547 is achieved. The variable importance of the independent variables e.g. night light data, elevation data, GDP and population data used in the training purpose of RF model plays the major role in predicting the industrial water demand.

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Input-Output Structural Decomposition Analysis on the Production of Manufacturing Industries in Korean and Japanese Economies (투입·산출 구조분해를 통한 한·일 제조업 생산 변동요인 분석)

  • Kim, Sang Choon;Choi, Bong-Ho
    • The Journal of the Korea Contents Association
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    • v.17 no.10
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    • pp.598-615
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    • 2017
  • This paper compares the sources of the changes in the production of manufacturing industry between Korea and Japan during year 2000 ~year 2011 by I-O SDA. The results show that the first source of the increase in the production of Manufacturing industry in Korea is export, while in Japan the technological change. However, the contribution of technological change is relatively small in Korea and moreover decreasing. Meanwhile, the domestic final demand is the second source of the increase in the production of Korean manufacturing industry, but it was the first source of the decrease in the production of Japanese counterpart. On the other hand, the decrease in import substitution for both the intermediate and domestic final goods is significantly contributed to the decrease in the production of both Korean and Japanese manufacturing industry. Conclusively, these results confirm that the growth of Korean manufacturing industry has heavily depended on export. Then, considering the current global economic environment that is rapidly becoming more uncertain as well as volatile, the results imply that the heavy export dependence may become a key hurdle for the solid sustained growth of Korean manufacturing industry, so that policy ensuring more evenly balanced growth contribution from all growth sources is necessary. In particular, policy to promote technological change and import substitution is required with greater weight.

Measuring the Economic Impact of the Energy Price Changes in Korea (에너지가격변화의 경제적 효과에 관한 연구)

  • Kim, Suduk;Sonn, Yang-Hoon
    • Environmental and Resource Economics Review
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    • v.10 no.4
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    • pp.495-513
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    • 2001
  • We investigate a practical method of calculating the impact of multiple domestic energy price change on the final demand, production, the export and import change, the change in the balance of payment of Korean economy. By combining an existing computable general equilibrium (CGE) model with the traditional input-output analysis with two additional assumptions on the price behavior, we provide a cost-effective method of analyzing the impact of multiple energy price changes on the domestic economy. The energy price shock we used in this paper is 0.127% increase weighted by the sectoral productions. The total impacts on price level and GDP are 1.258% and -0.940%, respectively. The impact on the total output (GDP and intermediate goods) is about -1.580%.

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Designing of a Global Logistics System for the ICGCPS under Considering Overseas Markets

  • Hiraki, Shusaku;Ichimura, Takaya;Ishii, Kazuyoshi
    • Industrial Engineering and Management Systems
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    • v.7 no.3
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    • pp.189-196
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    • 2008
  • This paper proposes a way of designing of a global logistics system for "the international cooperative global complementary production system" (ICGCPS) constructed in ASEAN region. ICGCPS is a global production system with several production bases located in a number of countries. In order to assemble the final products and sell them in the domestic market, each production base produces only special kinds of components and parts with the total demand required all the participating countries, and supplies them to the other production bases each other. In the ICGCPS, there are a number of important decision-making problems such as identifying which countries are suitable to produce specified components and parts, and deciding how to transport components and parts between the production bases. In the initial period of this system, each production base focused on its domestic market so that the final products it produced were sold only in the country where the base was located. Recently, some production bases have expanded sales to overseas markets. Taking this fact into account, we propose a production and transportation planning model in this paper that takes into account the export quantity of the final products, formulating it into a mathematical programming problem. Using this, we propose a way for managing the supply chain processes of the ICGCPS in order to improve performance measurements such as the total lead-time, the inventory quantity at the depot and the average rate of loading. A numerical example is presented to clarify the procedure proposed in this paper.

A Study on the Influence of Electronic Construction Site Safety Managers' Job Resources, Job Demands, and Organizational Commitment (전기공사 현장 안전관리자의 직무자원, 직무요구 및 조직몰입의 영향 연구)

  • Seo, Hyun Jeong;Kim, Nam Kyun;Son, Minjie;Hong, Ah-Jeong
    • Journal of the Korean Society of Safety
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    • v.36 no.2
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    • pp.39-48
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    • 2021
  • This study was conducted to suggest a direction in which safety managers can concentrate on industrial accident prevention and safety management for the organization. The job resources of safety managers were divided into organizational and individual levels, and the magnitude of the impact on organizational commitment was compared. Furthermore, job demands were classified into environmental risk factors and personal psychological factors to confirm their effect on organizational commitment. The moderating effect of job resources and sub-factors of the variable in the relationship between job demands and organizational commitment was verified. In this study, a questionnaire survey was conducted on 193 safety managers in the domestic electric construction business, data were collected, and a questionnaire of 180 people was used for the final analysis. Based on the results, organization-level resources among the sub-factors of job resources and individual psychological factors among the sub-factors of job demand had a more significant influence on organizational commitment. In the relationship between job resources and organizational commitment, the moderating effect of job demand was verified, confirming that job demand had a negative moderating effect. Individual psychological factors had a modulating effect, whereas environmental factors did not. The significance, implications, and limitations of this study are discussed based on the research results.

Korea's Employment Embodied in Exports: a Multi-Regional Input-Output and Structural Decomposition Analysis (우리나라 수출의 고용파급효과에 관한 연구: 다지역산업연관 및 구조적 요인분해 분석을 중심으로)

  • Kim, Tae-jin
    • Economic Analysis
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    • v.26 no.4
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    • pp.65-97
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    • 2020
  • The purpose of this paper is to analyze the effects of exports on Korea's employment and to decompose driving factors of change in Korea's employment embodied in exports (EEX). This study uses a multi-regional input-output (MRIO) and structural decomposition analysis (SDA) for empirical analysis, and uses a dataset of World Input-Output Tables (WIOTs) and Socio-Economic Accounts (SEAs) from the World Input-Output Database (WIOD). The main findings of the empirical results are summarized as follows. First, Korea's EEX continues to increase and Korea's share of EEX compared to total employment shows an upward trend. However, Korea's employment inducement coefficient of value-added exports showed a downward trend during the 2000-2014 period. Second, final demand from three countries (China, the United States, and the Rest of the World (RoW)) has affected a significant portion of Korea's EEX. Finally, from the results of the SDA, the effect of changes in final demand was the most important driving factor for the increase in Korea's EEX. Based on the results of this empirical analysis, this study discusses useful policy implications that could increase domestic employment in Korea.