• 제목/요약/키워드: Dynamic Trade Effect

검색결과 62건 처리시간 0.03초

외부충격이 한국의 경기변동에 미치는 영향에 관한 연구 (Dynamics of Business Cycles in Korea: The Role of External Shocks)

  • 김성현;안형도
    • KDI Journal of Economic Policy
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    • 제27권1호
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    • pp.157-183
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    • 2005
  • 본 논문은 소규모 개방경제 모델을 이용하여 여러 가지 실물부문의 충격이 한국경제의 주요 거시변수에 미치는 영향을 동태 시뮬레이션 방법을 이용하여 분석하였다. 보다 현실적인 실물경제를 반영하기 위하여 기존의 경기변동 모델에 우리 경제의 특징적인 요소 몇 가지를 더하였다. 예를 들어, 수출재, 수입재 및 비교역재가 있는 재화시장과 채권시장을 통한 국제간 자본이동이 가능한 모델을 도입하였다. 특히 본 논문에서는 생산성 충격, 정부지출 충격 등의 국내 내부의 충격요인과 외부금리 및 교역조건충격 등의 외부 충격요인의 상대적인 역할을 비교하였다. 시뮬레이션 결과에 의하면, 교역조건의 개선은 투자, 생산 및 소비를 늘리고, 국제금리인하는 국내 투자에 상당한 정도의 긍정적인 효과가 있는 것으로 나타난다. 결론적으로, 본 논문은 우리 경제의 경기변동 정도가 아직도 외부충격에 의해 큰 영향을 받는다는 것을 보여준다.

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The Effect of Performance Feedback on Firms' Decision to Form an International Strategic Alliance and Performance in the Korean Manufacturing Industry

  • Han, Sang-yun
    • Journal of Korea Trade
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    • 제25권6호
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    • pp.57-77
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    • 2021
  • Purpose - International strategic alliance has been regarded as a strategic decision made by firms' managerial problems and ensure performance growth. From the perspective of the proactive behavior for changing strategies in a global market, this study aims to identify whether performance feedback influences firms' decisions to pursue strategic alliances. This study examines the effects of performance feedback on performance when firms use strategic alliances. Design/methodology - To analyze the impact of performance feedback on forming an international strategic alliance, this study adopt the concept of performance feedback to develop a research model and our hypotheses. Thus, this study used a two-stage least squares unbalanced panel data analysis with random effects. This study is based on 24,543 observations from Korean manufacturing firms from 2007 to 2016. Findings - The results show that firms pursue the formation of strategic alliances more actively, if their past financial and R&D performance are lower than their aspiration level, based on the result of performance feedback. An in split sample analysis for examining the effect of a firm's technology sophistication based on the OECD's classification, negative innovation performance discrepancy has positive effects on the probability of international alliance in high-tech and medium-high-tech industries. Financial performance also improves when a firm decides to form a strategic alliance based on the results of performance feedback. Originality/value - This research extends recent efforts to better understand the effect of performance feedback on firms' performance when they use strategic alliances. These findings suggest that the CEOs and managers of firms should consider the performance feedback perspective when deciding to pursue a strategic alliance to improve performance. In other words, the decision-makers in a firm must analyze and consider various complex variables inside and outside the firm and expand such subjects of examination to more complex and dynamic factors.

신제품개발역량이 벤처기업의 국제화에 미치는 영향: 창업자 인적자본의 조절효과를 중심으로 (The Effect of New Product Development Capabilities on the Internationalization of Venture Firm: Moderation Role of Founder's Human Capitals)

  • 노태우;이기준;김정근;황지연
    • 무역학회지
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    • 제47권6호
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    • pp.97-117
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    • 2022
  • Amid the growing importance and growth potential of venture firms worldwide, this study aimed to figure out the effect of new product development capabilities (NPDC) on the internationalization of Korean venture firms and the moderating impact of founders' human capital. NPDC is a core competency that can cope with the rapidly changing market environment and is required when entering multinational markets. Therefore, we subdivided founders' human capital into professional experience, startup experience, education level, and marketing capacity and examined each moderating effect on a venture firm's internationalization. As a result of empirical analysis of 1,362 Korean venture firms using the Tobit model, this study found that venture firms with excellent NPDC tend to achieve a higher level of internationalization. In addition, among the founder's human capitals, professional experience, education level, and marketing competency moderated the positive relationship between NPDC and internationalization. In contrast, the founder's startup experience was insignificant. The results of this empirical analysis explain the factors that trigger the internationalization performance of venture firms from the perspective of dynamic capabilities and suggest that the founder's human capital played an essential role in the internationalization.

A Study on Characteristic Improvement of IGBT with P-floating Layer

  • Kyoung, Sinsu;Jung, Eun Sik;Kang, Ey Goo
    • Journal of Electrical Engineering and Technology
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    • 제9권2호
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    • pp.686-694
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    • 2014
  • A power semiconductor device, usually used as a switch or rectifier, is very significant in the modern power industry. The power semiconductor, in terms of its physical properties, requires a high breakdown voltage to turn off, a low on-state resistance to reduce static loss, and a fast switching speed to reduce dynamic loss. Among those parameters, the breakdown voltage and on-state resistance rely on the doping concentration of the drift region in the power semiconductor, this effect can be more important for a higher voltage device. Although the low doping concentration in the drift region increases the breakdown voltage, the on-state resistance that is increased along with it makes the static loss characteristic deteriorate. On the other hand, although the high doping concentration in the drift region reduces on-state resistance, the breakdown voltage is decreased, which limits the scope of its applications. This addresses the fact that breakdown voltage and on-state resistance are in a trade-off relationship with a parameter of the doping concentration in the drift region. Such a trade-off relationship is a hindrance to the development of power semiconductor devices that have idealistic characteristics. In this study, a novel structure is proposed for the Insulated Gate Bipolar Transistor (IGBT) device that uses conductivity modulation, which makes it possible to increase the breakdown voltage without changing the on-state resistance through use of a P-floating layer. More specifically in the proposed IGBT structure, a P-floating layer was inserted into the drift region, which results in an alleviation of the trade-off relationship between the on-state resistance and the breakdown voltage. The increase of breakdown voltage in the proposed IGBT structure has been analyzed both theoretically and through simulations, and it is verified through measurement of actual samples.

e-비즈니스의 유통기업 성장성 및 수익성 기여 효과분석 (The Effect of E-Business on Firm's Growth and Profitability in the Distribution Industry)

  • 백철우
    • 유통과학연구
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    • 제15권1호
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    • pp.123-130
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    • 2017
  • Purpose - This research aims to examine the effect of e-business adoption on firm's growth and profitability in the distribution industry. The value added from the distribution industry acts as the cost of other industries. As the distribution industry develops, its stage becomes shorter and the distribution margin becomes smaller. Therefore, e-business is expected to have a different effect on the distribution industry than other industries. Research design, data and methodology - The previous research generally used e-business adoption as an independent variable and firm's performance as a dependent variable. This study elaborated the model using a dynamic panel model that includes the performance variable of the previous year as an independent variable. By employing system GMM (Generalized Method of Moments), the endogeneity problem in the dynamic panel model can be solved. For the analysis, I extracted the distribution companies as the raw data in the National Statistical Office's Business Activity Survey over the period 2006 to 2012. Results - The growth rate of firms adopting e-business was 0.299%p higher than that of the non-adopter. However, only ERP (Enterprise Resource Planning), KMS (Knowledge Management System) and SCM (Supply Chain Management) contributed positively to the growth rate. In the case of profitability, it was 0.04%p higher than the distribution companies that did not adopt e-business. ERP and LMS (Learning Management System) improve profitability, while SCM reduces profitability. Consequently, while ERP improves both growth and profitability, SCM improves growth but reduces profitability. In addition, KMS improves firm's growth only, and LMS does only profitability, showing that each e-business has a differentiated effect. Conclusions - Since the distribution industry has different characteristics from manufacturing and other service industries, the introduction of e-business may not guarantee the growth and profitability of distribution companies. Careful introduction considering the characteristics of the distribution industry is required. In particular, it is necessary to select an e-business meeting the characteristics and needs of a distribution company, and thereafter, it is required for the company's own efforts to internalize it within the system.

An empirical investigation of nuclear energy consumption and carbon dioxide (CO2) emission in India: Bridging IPAT and EKC hypotheses

  • Danish, Danish;Ozcan, Burcu;Ulucak, Recep
    • Nuclear Engineering and Technology
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    • 제53권6호
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    • pp.2056-2065
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    • 2021
  • The transition toward clean energy is an issue of great importance with growing debate in climate change mitigation. The complex nature of nuclear energy-CO2 emissions nexus makes it difficult to predict whether or not nuclear acts as a clean energy source. Hence, we examined the relationship between nuclear energy consumption and CO2 emissions in the context of the IPAT and Environmental Kuznets Curve (EKC) framework. Dynamic Auto-regressive Distributive Lag (DARDL), a newly modified econometric tool, is employed for estimation of long- and short-run dynamics by using yearly data spanning from 1971 to 2018. The empirical findings of the study revealed an instantaneous increase in nuclear energy reduces environmental pollution, which highlights that more nuclear energy power in the Indian energy system would be beneficial for climate change mitigation. The results further demonstrate that the overarching effect of population density in the IPAT equation stimulates carbon emissions. Finally, nuclear energy and population density contribute to form the EKC curve. To achieving a cleaner environment, results point out governmental policies toward the transition of nuclear energy that favours environmental sustainability.

'Artificial Intelligence' Acceptability in Online Dispute Resolution: A Comparison Study of Korean Age Groups

  • Chung, Yongkyun
    • 한국중재학회지:중재연구
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    • 제30권3호
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    • pp.95-113
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    • 2020
  • The worldwide diffusion of COVID-19 contributes to electronic commerce all over the world. The proliferation of high volume and small value electronic commerce naturally has combined artificial intelligence with online dispute resolution (ODR). This paper investigates the age effect on Artificial Intelligence acceptability in online dispute resolution and its empirical findings are as follows. First, seven measures out of the nine employed in this case study shows a coherent dynamic pattern over the age spectrum. In other words, the total samples are a heterogenous group rather than a homogeneous one. Second, medium answer occupies a non-negligible portion across answers from nine research questions. It seems to indicate that a considerable portion of Korean respondents are hesitant to make a choice on artificial intelligence at this juncture. Third, all of the respondents agree that the introduction of AI to the dispute resolution could contribute to the hastening of the dispute resolution process. Fourth, most of the respondents agree that artificial intelligence might have the cognitive ability but not the sympathetic or affective ability to handle the electronic commerce disputes.

Performance Effect of the Fits between Industrial Environment, Innovation Capacity and Innovation: Focusing on Innovation-Intensive Korean Firms

  • Lee, Seung-Hyun;Park, Young-Il;Kwon, Youngkwan
    • Asian Journal of Innovation and Policy
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    • 제4권3호
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    • pp.328-359
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    • 2015
  • To explain the performance gap between firms in the same industry, this study focuses on innovation. It provides a new framework using the dynamic-capability view based on empirical analysis of domestic businesses. The findings of this study are as follows: First, when the uncertainty and competition intensity in the business environment and the level of innovation have “fit”, it means that when the former goes up, so does the latter. In this regard, when the innovation capability of a firm is high, being “fit” means that the level of innovation is also high. When there was fitting innovation on industrial environment and innovation capacity, companies were able to achieve relatively high performance. Also, it was confirmed that instead of innovation for innovation capacity, innovation for industrial environment led to relatively higher performances of firms.

익산자유무역지대의 기능약화와 입지여건의 문제점 (The Locational Conditions and Declining Function of Iksan Free Trade Zone)

  • 문남철
    • 한국경제지리학회지
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    • 제5권2호
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    • pp.249-275
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    • 2002
  • 선진 외국인 투자기업 유치를 통해 수출진흥, 고용증대, 기술향상의 추구와 지역사회개발촉진을 위해 설치된 익산자유무역지대는 1980년대 중반 이후 외국인 투자업체, 수출, 고용이 감소되면서 그 기능은 크게 약화되어 수출자유지대로서의 존재가치가 무의미한 실정이다 익산자유무역지대의 기능의 약화 요인은 적지선정에 있어 수출자유지대의 기능 활성화를 위해 필요한 입지요인과 지역이 지니고 있는 입지여건을 고려하지 않고 선정됨으로서 설립초기부터 입지상의 문제가 내재되어 있었다. 또한 현재의 노동집약적인 지역산업구조는 저임금에 기초한 노동집약적 업체의 집적지라는 부정적인 인식으로 작용하여 기술집약적인 첨단산업으로의 자유무역지대의 산업구조 개편에 어려움을 주고 있다. 그리고 정책의 일관성 부족으로 인한 협소한 부지면적과 부족한 확장공간은 기업의 집적효과와 규모의 경제를 약화시켰으며, 열악한 입지여건을 개선시키고 지역의 동태적 비교우위를 창출하려는 정부의 정책과 의지부족은 외국인 투자기업의 투자 유인력을 약화시키고 있다.

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상속세(相續稅)에 있어서의 형평(衡平)과 효율성(效率性)의 괴리(乖離) (Equity-Efficiency Trade-off: the Case of Inheritance Tax)

  • 문형표
    • KDI Journal of Economic Policy
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    • 제12권4호
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    • pp.97-111
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    • 1990
  • 본고에서는 소득(所得) 또는 부(富)의 불평등도(不平等度)가 상속과정(相續過程)에 의해 야기 될 경우, 재분배적(再分配的) 상속세(相續稅)의 도입이 소득분포(所得分布)의 불균등도(不均等度) 및 사회후생(社會厚生)에 어떠한 영향을 미치는가를 살펴보았다. 이를 위하여 유산동기가 서로 다른 개인(個人)들로 구성된 중복세대 모형을 설정하여 상속세율(相續稅率)의 변화시 정체균형간(停滯均衡間)의 비교정학적 분석을 통하여 분배(分配) 및 후생효과(厚生效果)를 고찰하였다. 본고의 분석에 의하면 비례적(比例的) 상속세(相續稅)를 이용한 재분배정책(再分配政策)은 소득분포(所得分布)의 불균등도(不均等度)를 완화시키는 역할을 하나, 장기적(長期的)으로 평균소득(平均所得) 및 자본량(資本量)에 미치는 효과는 효용함수(效用函數)의 형태(形態)에 따라 다르게 나타났다. 또한 조세왜곡(組稅歪曲)에 의한 후생상실효과(厚生喪失效果)로 말미암아 상속세율(相續稅率)의 증가가 재분배효과(再分配效果) 및 정(正)의 장기소득효과(長期所得效果)를 갖더라도 사회후생(社會厚生)은 오히려 감소할 수 있음을 보였다. 경험적(經驗的)으로 합당(合當)하리라 기대되는 상수(常數)값을 이용한 수량적(數量的) 시뮬레이션 결과에 의하면, 실질이자율(實質利子率)이 그 황금률 수준보다 높고 한계효용(限界效用)의 탄성치(彈性値)가 충분히 클 경우에 한하여 상속세율(相續稅率)의 증가는 분배개선효과(分配改善效果)와 아울러 공리주의적 사회후생함수(社會厚生函數)의 값을 높일 수 있는 것으로 나타났다. 만일 이러한 조건이 충족되지 않을 경우 상속세(相續稅)를 이용한 소득재분배정책(所得再分配政策)은 오히려 사회후생(社會厚生)을 낮추는 하향평준화(下向平準化)을 효과(效果)만을 갖게 될 수 있는 것으로 나타났다.

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