• International Area Studies Review
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• v.21 no.1
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• pp.201-219
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• 2017

This paper analyzes the economic effects of the S&T Innovation, R&D, human resources and investment on the economic growth using 18 countries. We have obtained the somewhat mixed results on the existence of unit root roots in variables. While most of Pedroni cointegration tests show that there are no panel cointegration among the variables, Kao cointegration test shows that there is the panel cointegration among the variables such as GDP, human capital, R&D investment and patent. Kao cointegration test result shows that human capital, R&D investment, patent economic growth seem to have the panel cointegration or the long-run relationship among them as a whole. The estimation results of individual OLS and panel estimation show that the human capital, R&D investment and technology innovation or patent had positively significant effects on economic growth or GDP.

• Journal of Sport and Applied Science
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• v.2 no.2
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• pp.1-10
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• 2018

Prior literature has posited that the sport industry has been effective method to drive the economic growth. Given the rationale, this study sets China as a research object with a quarterly data from the first quarter of 2003 to the fourth quarter of 2017 to explore how the sport industry affects economic growth. This study employed Johansen cointegration test and dynamic ordinary least squares as methods for an empirical analysis. The input of sport industry, the labor input, the capital input, and the economic growth are used as research variables. The results show that there is a long-run relationship among them. Johansen cointegration test's estimation indicated that 1% increase in the input of sport industry will lead to 0.064% increase in economic growth. Dynamic ordinary least squares' estimation showed that whenever in the one lead, in the one lag and in the present period, the input of sport industry always poses a positive effect on economic growth. Labor input also has a positive effect on economic growth. The capital input has a negative effect on economic growth. Finally, even though the input of sport industry has a positive effect on economic growth, its impact on economic growth is relative weak.

• Proceedings of the Korea Port Economic Association Conference
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• 2007.07a
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• pp.255-270
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• 2007

In North-East Asia, Port traffic in Asia-North America sea route has been rapidly increasing due to economic growth in China and ASEAN. Furthermore, the major shipping companies directly call at northern chinese ports like Qingdao, Dalian and Tianjin without passing through Korean ports on Asia-North America sea route. To acquire a port traffic and develop a hub port, governments in North-East Asia have intensively invested in the development of port. Therefore, Busan new port and Gwangyang port have been developed in Korea. According to the medium-long term development planning, the port should give a enormous budget investment for the port facilities construction. So the inaccurate estimation may lead to the unreasonable port development policy. Firstly, based on the estimation of Chiang Bong-Gyu & Yang Hang Jin(2005), this study gave a comparison with the estimation of Ministry of Maritime Affairs and Fisheries(2001) and OSC/Glori(2005). Secondly, taking into account the influence factors for port traffic, this study made an estimation of port traffic for Busan new port. On the basis of this estimation, this study is compared with the estimation of Ministry of Maritime Affairs and Fisheries(2001) and OSC/Glori(2005). In conclusion, in case of the development of Busan new port, based on the estimation of Ministry of Maritime Affairs and Fisheries(2001), this study should the high possibility that the Busan new port will be serious lack of the port facilities in the year of 2011. And according to the OSC/Glori(2005)'s estimation result, there is a lack of the port facilities, though we have modified the port investment plan.

• Journal of the Economic Geographical Society of Korea
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• v.25 no.4
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• pp.629-640
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• 2022

This study analyzed the relationship between local government size and regional economic growth using regional data from 2002 to 2020. By dividing local government expenditure into social development expenditure and economic development expenditure, economic growth and the inverted U-shaped Armey curve were verified, and the optimal size of local government expenditure was examined. In particular, the AMG estimation method considering the cross-sectional dependence and regional heterogeneity existing in the panel data was utilized. As a result of the analysis, it was found that there was an inverted U-shaped relationship between local fiscal expenditure and regional economic growth. When the proportion of total local fiscal expenditure is 7.63% of GRDP and social development expenditure is 3.45%, it is found that the optimal size of expenditure can maximize the regional economic growth rate. Local governments should increase the effectiveness of public expenditure policies by considering these points.

• Journal of Korean Academy of Nursing
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• v.41 no.6
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• pp.750-757
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• 2011

Purpose: Cost-benefit analysis is one of the most commonly used economic evaluation methods, which helps to inform the economic value of a program to decision makers. However, the selection of a correct benefit estimation method remains critical for accurate cost-benefit analysis. This paper compared benefit estimations among three different benefit estimation models. Methods: Data from community-based chronic hypertension management programs in a city in South Korea were used. Three different benefit estimation methods were compared. The first was a standard deterministic estimation model; second, a repeated-measures deterministic estimation model; and third, a transitional probability estimation model. Results: The estimated net benefit of the three different methods were $1,273.01, $-3,749.42, and $-5,122.55 respectively. Conclusion: The transitional probability estimation model showed the most correct and realistic benefit estimation, as it traced possible paths of changing status between time points and it accounted for both positive and negative benefits.

• Transactions of the Korean Society of Machine Tool Engineers
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• v.15 no.3
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• pp.97-103
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• 2006

The development of a heat exchanger production model based on the microlamination technology and it's economic efficiency is addressed. A microchannel production model is proposed for the high-volume production. The microlamination system is made up of lamina patterning, laminae sorting and laminae bonding. A cost estimation model is developed based on the hewn cycle time and capital equipment costs. An economic efficiency analysis is performed to determine the cost drivers under the different market and product scenarios. The result of the economic efficiency analysis indicated that the device size and the production rate have a great effect on the overall manufacturing cost of microlamination devices. And it can be concluded that the microlamination should focus on bonding larger laminae and reducing both cycle time and warpage.

• Knowledge Management Research
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• v.8 no.1
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• pp.49-63
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• 2007

This paper presents a new methodology that allows the influence of technological obsolescence and technology composite competitiveness to estimate technology economic life. In this paper the patent citation life analysis is used to estimate technology representative life, and technology residual life analysis is employed to estimate residual life using the linear and inverse functions. The technology economic life will be determined by combining the estimation results of patent citation life analysis and technology residual life analysis. This paper includes an example of applying it to the US patent data for 5 communications areas. Therefore, this logical concept can be applied usefully to determine the technology economic life and be expected to contribute to obtain credibility of technology valuation.

• Journal of Climate Change Research
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• v.7 no.3
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• pp.335-339
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• 2016

The purpose of this study is to analyze effects of greenhouse gas reduction in organic agriculture. To accomplish the objective of the study, a field survey was conducted. Based on the field survey results, LCA method was used to estimate the greenhouse gas emission. The farmer survey and LCA estimation data were provided by The Foundation of Agricultural Technology Commercialization and Transfer. The GHG estimation results showed that GHG emission of organic farming is less by 10.6~89.3% when compared with the conventional farming. In addition, the economic value of greenhouse gas reduction in organic farming amounts to 1,097 million won. Based on major findings, in response to national greenhouse gas reduction target, it is needed to expand organic farming, supporting organic farmers' income.

• STI Policy Review
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• v.1 no.3
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• pp.53-68
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• 2010

This paper empirically evaluates the effects of regional and industrial R&D on the performances of individual firms in two separated stages: (1) the stage of technological outcome from R&D and (2) the stage of economic outcome from technological outcome. Technological spillovers are separated from negative congestion effects through the stage-specific estimation. The firm-level Korean Innovation Survey data merit in coping with the endogeneity problem inherent in the estimation of spillovers. The estimation results show that: (1) there exist significant R&D spillovers both in regional and industrial dimensions, (2) the hypothesized technological spillovers and economic congestion effects are both in effect, and (3) firms with smaller individual R&D investments show greater spillovers.

• Survey Research
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• v.2 no.2
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• pp.131-152
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• 2001

In this Era of Information and Localization. Gross Regional Domestic Product(GRDP) is recognized as indispensable information to establish regional economic policy. Especially, to raise Chungbuk province's economical independence and to establish effectual regional economic development plans, Chungbuk province needs quarterly estimated GRDP for developing regional economic forecasting system. In this study. utilizing small area estimation is proposed to estimate the quarterly Chungbuk-GRDP. To estimate quarterly GRDP. this study assumes that the comovement between the annual Chungbuk-GRDP provided by the Bureau of Statistics and nation's GDP provided by the Bank of Korea exists. Moreover, from the nation's quarterly GDP in each section of economical activity, this study has presumed the quarterly comovement. applied ft to subdivide Chungbuk annual GRDP quarterly, and estimated quarterly Chungbuk-GRDP.