• Title/Summary/Keyword: ECONOMIC IMPACTS

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A Study on the Economic Impacts of Ubiquitous Spectrum Monitoring Project (유비쿼터스 전파감시 사업의 경제적 효과 분석 연구)

  • Yoo, Seung-Hoon;Lee, Joo-Suk
    • Informatization Policy
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    • v.17 no.3
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    • pp.57-73
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    • 2010
  • The objective of this study is to assess the economic impacts that ensue from the ubiquitous spectrum monitoring project(u-SMP) by employing a contingent valuation method(CVM) to provide policy-makers with useful and responsible information. Importance of investigating the u-SMP service and its economic desirability cannot be overemphasized to actively cope with varying environment for spectrum use in that the spectrum monitoring contributes to the public welfare. According to estimating results, annually WTP per household is 1,268 Korean Won. Consequently, the annual benefit of u-SMP is about 7.9 billion Korean won. This result contributes to robust policy-makings for the u-SMP, to uncovering the economic value of the u-SMP, and to obtaining policy implications for activating the spectrum use.

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The Influences of Disability of the New Disabled on Economical, Social and Cultural Exclusion

  • Im, Keum-Ok
    • Journal of the Korea Society of Computer and Information
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    • v.26 no.1
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    • pp.223-229
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    • 2021
  • The purpose of this study was to provide some policy implications by analyzing impacts of disability occurrence on economic, social cultural exclusion and testing empirically moderation effects of social environment in their relationships. For this study, 112 disabled persons were sampled and surveyed on economic, social cultural exclusion by disability. Analytical results are the followings. First, new disability caused economic exclusion. Second, it also caused social, cultural exclusion. Third, social support has a strong moderation effects between disability and economic, social cultural exclusion. Social support played the important role for reducing the negative impacts of disability occurrence on social exclusion. This study provided some policy implications about raising social support for the disabled basing on this analytical results. First, programs for improving cognition for the disabled need to be developed and implemented from the early childhood. Second, social campaign for the disabled are promoted positively by non-governmental sector. Third, public policy for the disabled should be strengthened from material support to even emotional support.

Transportation Economic Analysis Method for a Maglav System (자기부상열차 도입의 교통경제학적 평가방법 연구)

  • Kim Hyun-Woong
    • Proceedings of the KSR Conference
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    • 2005.11a
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    • pp.1276-1280
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    • 2005
  • The Maglav system project affects communities and are usually funded by public agencies. Evaluation of this project that considerably impact whole communities requires public involvement. This specific requirement of transportation projects determines the method of their evaluation as the impacts are estimated from the transportation economic point of view. Especially evaluation criteria must reflect the needs of the interested parties and should consider all foreseeable benefits and losses caused by the Maglav project. To select evaluation criteria and evaluation method may help a decision--maker in making a best selection for a Maglav project.

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Text Mining and Network Analysis of News Articles for Deriving Socio-Economic Damage Types of Heat Wave Events in Korea: 2012~2016 Cases (뉴스 기사 텍스트 마이닝과 네트워크 분석을 통한 폭염의 사회·경제적 영향 유형 도출: 2012~2016년 사례)

  • Jung, Jae In;Lee, Kyoungjun;Kim, Seungbum
    • Atmosphere
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    • v.30 no.3
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    • pp.237-248
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    • 2020
  • In order to effectively prepare for damage caused by weather events, it is important to proactively identify the possible impacts of weather phenomena on the domestic society and economy. Text mining and Network analysis are used in this paper to build a database of damage types and levels caused by heat wave. We collect news articles about heat wave from the SBS news website and determine the primary and secondary effects of that through network analysis. In addition to that, based on the frequency with which each impact keyword is mentioned, we estimate how much influence each factor has. As a result, the types of impacts caused by heat wave are efficiently derived. Among these types of impacts, we find that people in South Korea are mainly interested in algae and heat-related illness. Since this technique of analysis can be applied not only to news articles but also to social media contents, such as Twitter and Facebook, it is expected to be used as a useful tool for building weather impact databases.

Analyzing Factors and Impacts of Regional Characteristics to Regional Economic Growth in South Korea (우리나라의 지역 특성이 지역 경제 성장에 미치는 요인과 영향 분석)

  • Kim, Geunyoung
    • Journal of Urban Science
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    • v.9 no.1
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    • pp.41-49
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    • 2020
  • This study analyzed the factors affecting economic growth using multiple regression model and Geographically Weighted Regression in consideration of population, industry and employment, housing and political characteristics on economic growth by region. The analysis results are summarized as follows. First, the total employment growth rate, manufacturing employment growth rate, local election turnout and the level of party consensus between the central and local governments are having a positive impact on regional economic growth. Second, according to the GWR analysis, the population has a positive impact on economic growth in the southern region of Korea, and the increase in the total number of employees has a positive impact on the southern region of Gyeonggi Province, Gangwon Province, North Chungcheong Province and North Gyeongsang Province. Finally, the voter turnout of urbanites is positively affecting economic growth in South Chungcheong Province, Gangwon Province and the southern coast, while North Jeolla and South Jeolla provinces have a positive impact on economic growth as the parties of the central and local governments are equal. The results of this study may suggest the role of local government for regional economic development.

A Study on the Dynamic Relationship between Education Input and Economic Growth

  • He, Yugang
    • East Asian Journal of Business Economics (EAJBE)
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    • v.6 no.4
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    • pp.35-45
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    • 2018
  • Purpose - The operating mechanism between education input and economic growth is a mysterious proposition that has attracted a vast array of scholars' interests to study on it. Therefore, this paper sets China as an example to analyze the dynamic relationship between education input and economic growth. Research design and methodology - The annual time series from 1990 to 2017 will be employed to conduct an empirical analysis under the vector autoregressive model. The education input is treated as an factor that impacts the economic growth such as labor input and capital input. Meanwhile, the education input will be added to the Cobb-Douglas production function to form a new one so as to explore the dynamic relationship between education input and economic growth. Results - According to the results of empirical analysis, it can be found that the education input has an increasingly positive effect on economic growth. Simultaneously, the economic growth also has a positive effect on education input, but this kind of effect is not steady. Of course, the labor input and the capital input also can promote the economic growth to some degree. Conclusions - The education input is one of most important inputs for a country. Based on the empirical analysis, this paper suggests that the China's government should put more emphasis on the education input so to make its economy develop well.

The Economic Growth of Korea Since 1990 : Contributing Factors from Demand and Supply Sides (1990년대 이후 한국경제의 성장: 수요 및 공급 측 요인의 문제)

  • Hur, Seok-Kyun
    • KDI Journal of Economic Policy
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    • v.31 no.1
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    • pp.169-206
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    • 2009
  • This study stems from a question, "How should we understand the pattern of the Korean economy after the 1990s?" Among various analytic methods applicable, this study chooses a Structural Vector Autoregression (SVAR) with long-run restrictions, identifies diverse impacts that gave rise to the current status of the Korean economy, and differentiates relative contributions of those impacts. To that end, SVAR is applied to four economic models; Blanchard and Quah (1989)'s 2-variable model, its 3-variable extensions, and the two other New Keynesian type linear models modified from Stock and Watson (2002). Especially, the latter two models are devised to reflect the recent transitions in the determination of foreign exchange rate (from a fixed rate regime to a flexible rate one) as well as the monetary policy rule (from aggregate targeting to inflation targeting). When organizing the assumed results in the form of impulse response and forecasting error variance decomposition, two common denominators are found as follows. First, changes in the rate of economic growth are mainly attributable to the impact on productivity, and such trend has grown strong since the 2000s, which indicates that Korea's economic growth since the 2000s has been closely associated with its potential growth rate. Second, the magnitude or consistency of impact responses tends to have subsided since the 2000s. Given Korea's high dependence on trade, it is possible that low interest rates, low inflation, steady growth, and the economic emergence of China as a world player have helped secure capital and demand for export and import, which therefore might reduced the impact of each sector on overall economic status. Despite the fact that a diverse mixture of models and impacts has been used for analysis, always two common findings are observed in the result. Therefore, it can be concluded that the decreased rate of economic growth of Korea since 2000 appears to be on the same track as the decrease in Korea's potential growth rate. The contents of this paper are constructed as follows: The second section observes the recent trend of the economic development of Korea and related Korean articles, which might help in clearly defining the scope and analytic methodology of this study. The third section provides an analysis model to be used in this study, which is Structural VAR as mentioned above. Variables used, estimation equations, and identification conditions of impacts are explained. The fourth section reports estimation results derived by the previously introduced model, and the fifth section concludes.

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Study on Efficient Port Environmental Management for Sustainable Port Operation (I): Case Study of Marine Environments and Natural Resources Impacts by Busan New Port Development (지속가능한 항만운영을 위한 효율적 항만환경관리에 관한 연구 (I): 부산 신항만 개발로 인한 해양환경 및 자원 영향성 평가 사례)

  • Kim, Tae-Goun
    • Journal of Navigation and Port Research
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    • v.40 no.6
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    • pp.401-412
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    • 2016
  • The sustainable operation and development of ports is a key industry for Korea's national economy. It is increasingly more important to resolve conflicts with local communities due to port environmental problems such as air pollution, water pollution, noise and ecosystem destruction while securing port competitiveness through infrastructure expansion. In case of the Busan New Port development project in Korea, construction has been temporally suspended due to conflict with local fishermen over marine sand mining for construction. A primary reason for this is the absence and limitation of qualitative port environmental impact assessment methodologies in Korea. This includes the current investigation of fisheries damaged by ports. Therefore, the main purpose of this study is to propose economic valuation methods for assessing environmental impacts that are essential for efficient port environmental management and for sustainable port operation and development in Korea. To do this, this study examines the overall port environmental problems and their effects (damages) through the analysis of environmental policies and case studies of domestic and overseas ports. Then economic valuation methods are suggested for total economic values (TEV) of damaged environmental goods and services. Among the proposed methods, Habitat Equivalency Analysis (HEA), as a more scientific data based method, was applied to estimate marine ecosystem service damages from the designation of Busan New Port Anchorages. Finally, based on the study results, more efficient port environmental management will be achieved through the institutional adoption of the proposed economic impact assessment methods for port environmental damages.

Analysis on The Economic Impacts of Construction New Excellent Technology (건설신기술의 경제적 파급효과 분석)

  • Paek, Nam-Jong;Park, Hwan-Pyo;Lee, Kyo-Sun
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.1
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    • pp.115-124
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    • 2011
  • The Construction New Excellent Technology was introduced to promote the development of domestic construction technology and enhance national competitiveness, by inspiring the development desire of technology developers in 1989. Domestic Construction New Excellent Technology is first introduced in 1989, the total 596 cases were assigned to the new technology and it was used the construction site. Also, it was achieved the quantitative performance of thirty-hundred applications and was effected to the domestic construction industry. However, the systematic analysis about the introduction effects of Construction New Excellent Technology are none. Therefore, the quantitative analysis of economic effects in construction industry have to a justification in according to operation of Construction New Excellent Technology system and verification of superiority. And then, the Construction New Excellent Technology system needs a developing base in the future. In this study, The Economic Impacts of Construction New Excellent Technology were analyzed in quantitatively such as a cost savings effects, the employment effects, the effects on Value-added, the import substitution effects due to use of Construction New Excellent Technology. This study will be used promotion of economics and superiority in the Construction New Excellent Technology.

Evaluation of Environmental and Economic Impacts of Advanced Wastewater Treatment Plants with Life Cycle Assessment (고도 하수처리장의 전과정평가에 따른 환경성 및 경제성 평가)

  • Pyo, SeHee;Kim, MinJeong;Lee, SeungChul;Yoo, ChangKyoo
    • Korean Chemical Engineering Research
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    • v.52 no.4
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    • pp.503-515
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    • 2014
  • A lot of existing wastewater treatment plants (WWTPs) are rebuilt or retrofitted for advanced wastewater treatment processes to cope with reinforced effluent criteria of nitrogen and phosphorous. Moreover, how to treat the wasted sludge from WWTPs has been also issued since the discharge of the wasted sludge into ocean is impossible from 2011 due to the London Convention 97 protocol. These trend changes of WWTPs get a motivation to assess environmental and economic impacts from the construction stage to the waste stage in WWTPs. Therefore, this study focuses on evaluation of environmental and economic impacts of the advanced wastewater treatment processes and waste sludge treatment process by using life cycle assessment. Four advanced wastewater treatment processes of Anaerobic/Anoxic/Oxic ($A_2O$), 5 stages-Bamard Denitrification Phosphate (Bardenpho), Virginia Initiative Plant (VIP), and Modified University of Cape Town (MUCT) are chosen to compare the conventional activated sludge (CAS) and three waste sludge treatment methods of land fill, incineration, and composting are used. To evaluate environmental and economic impacts of each advanced wastewater treatment processes, life cycle assessment (LCA) and life cycle cost (LCC) are conducted based on International organization for standardization (ISO) guidelines. The results clearly represent that the $A_2O$ process with composting shows 52% reduction in the environmental impact than the CAS process with landfill. On the other hand, the MUCT process with composting is able to save 62% of the life cycle cost comparing with the CAS process with landfill. This result suggested the qualitative and quantitative criteria for evaluating eco-environmental and economic technologies of advanced treatment processes and also sludge treatment method, where their main influence factors on environmental and economic impacts are analyzed, respectively. The proposed method could be useful for selecting the most efficient and eco-friendly wastewater treatment process and sludge treatment method when retrofitting the existing WWTPs to advanced treatments.