• Title/Summary/Keyword: Economic Indicator

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Modelling of Public Financial Security and Budget Policy Effects

  • Zaichko, Iryna;Vysotska, Maryna;Miakyshevska, Olena;Kosmidailo, Inna;Osadchuk, Nataliia
    • International Journal of Computer Science & Network Security
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    • v.21 no.9
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    • pp.239-246
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    • 2021
  • This article substantiates the scientific provisions for modelling the level of Ukraine's public financial security taking into account the impact of budget policy, in the process of which identified indicators of budget policy that significantly affect the public financial security and the factors of budget policy based on regression analysis do not interact closely with each other. A seven-factor regression equation is constructed, which is statistically significant, reliable, economically logical, and devoid of autocorrelation. The objective function of maximizing the level of public financial security is constructed and strategic guidelines of budget policy in the context of Ukraine's public financial security are developed, in particular: optimization of the structure of budget revenues through the expansion of the resource base; reduction of the budget deficit while ensuring faster growth rates of state and local budget revenues compared to their expenditures; optimization of debt serviced from the budget through raising funds from the sale of domestic government bonds, mainly on a long-term basis; minimization of budgetary risks and existing threats to the public financial security by ensuring long-term stability of budgets etc.

Analysis of the Quality of Foreign Tourists to Indonesia

  • DIRGANTARA, Satria;AGUSTINA, Neli
    • Asian Journal of Business Environment
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    • v.12 no.3
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    • pp.31-39
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    • 2022
  • Purpose: This research aims to analyze the quality and characteristics of foreign tourists to Indonesia. Research design, data and methodology: The indicator used to see the quality of foreign tourists is their expenditure while in Indonesia. The data used is secondary data and the statistical analysis used is panel data regression to see the effect of Economic Distance, GDP per capita, Average Length of Stay and Exchange Rate on the quality of Foreign Tourists from 2010 to 2019. Results: Foreign tourists to Indonesia are dominated by young tourists, male and stay about 8.87 days. Their expenditure is relatively low, mostly spent on accommodation, food and beverage. The variables of average length of stay, exchange rate, economic distance, and GDP per capita have a significant and positive effect on the quality of foreign tourists to Indonesia. Conclusions: The number of foreign tourists visiting Indonesia in 2010-2019 tends to increase where the majority of tourists come from countries that are geographically close to Indonesia, young tourists, and male. The quality of tourists in terms of spending is still relatively low. The characteristics of foreign tourists and economic indicators used in the study have a positive effect on improving the quality of tourists.

A Study on Developing SMEEBI(Small and Medium-sized Enterprise Export Business Index) (중소기업수출경기지수 개발에 관한 연구)

  • Maeng, Cheol-Kyu
    • Journal of Arbitration Studies
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    • v.32 no.1
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    • pp.93-110
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    • 2022
  • Korea, a resource-scarce country, has been undergoing export-led economic growth in the form of processing and intermediary trade for the past several decades. In Korea, which has an export-led economic structure centered on processing trade, the export economy precedes the domestic economy, so Korea's monthly export performance has been used as an important indicator of economic indicators in itself. In recent decades, small and medium-sized enterprises (SMEs), which account for 99% of the total number of domestic enterprises, account for about 35% of exports as of 2021. In this study, from the viewpoint of emphasizing the export contribution of SMEs, the Small and Medium-sized Enterprise Export Business Index is developed based on the actual export performance of SMEs, through which this paper could present alternative index differentiated from the existing Business Survey Indexes.

Structural Breaks, Manufacturing Revolutions, and Economic Catch-up: Empirical Validation of Historical Evidence from South Korea

  • SALAHUDDIN, Taseer;YULEK, Murat A.
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.1
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    • pp.13-24
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    • 2022
  • The main goal of this study is to look at how South Korea can catch up to the rest of the world through policy-driven structural change and manufacturing revolutions. To achieve the objective, this study used annual data on real exports and real GDP from the World Development Indicator WDI of South Korea for the period 1960 to 2019. The study's goal is to use econometrics to detect this policy-driven structural change trend. Multiple nonlinear Granger causality test was used to accomplish this. The findings revealed structural breaks and nonlinearities in the dynamic link between South Korea's real GDP and real exports. Furthermore, results also show evidence of multiple structural breaks in South Korean data. South Korea's economic catch-up was the result of a constant reevaluation of industrial policies, readjustment, and structural change to constantly explore and utilize comparative advantage, realizing economies of scale at the global level, and reallocating and redistribution of resources towards productive sectors with high value-added output, according to econometric analysis. If South Korea would have not done this structural change this miracle to escape the middle-income trap would not have been possible. These findings support the descriptive evidence of structural change in favor of manufacturing revolutions and value addition industry development in South Korea.

Developing of Construction Project Risk Analysis Framework by Claim Payout and its Application

  • Kim, Ji-Myong;Park, Young Jun;Kim, Young-Jae;Yu, YeongJin
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.192-194
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    • 2015
  • The growing size and complex process in construction project recently leads to increase risk and the losses as well. Even though researchers have identified the major risk indicators, there is lack of comprehensive and quantitative research for identifying the relationship between the risk indicators and economic losses associated with construction projects. To address this shortage of research, this study defines risk indicators and create a framework to assess the influence of economic losses from the indicators. An insurance company's claim payout record was accepted as the dependent variable to reflect the real economic losses. Based on the claims, we categorized the causes and results of accidents. To establish framework, built environment vulnerability indicators and geographical vulnerability indicators were employed as the risk indicators. A Pearson correlation analysis was adopted to validate the relationship with loss ratio and risk indicators. Consequently, this framework and its results may offer significant references for under writers of insurance companies and loss prevention activities.

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Proposal an Alternative Data Pipeline to Secure the Timeliness for Official Statistical Indicators (공식발표 통계지표의 적시성 확보를 위한 대안 데이터 파이프라인 구축제안)

  • Yongbok Cho;Dowan Kim
    • Journal of Korea Society of Industrial Information Systems
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    • v.28 no.5
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    • pp.89-108
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    • 2023
  • This study provides a comprehensive analysis of recent studies conducted on the topic of nowcasting in order to enhance the accuracy and promptness of official statistical data. Furthermore, we propose an alternative approach involving the utilization of real-time data and its corresponding collection methods to effectively operate a real-time nowcasting model capable of accurately capturing the current economic condition. We explore high-frequency real-time data that can predict economic indicators in both the public and private sectors and propose a pipeline for data collection processing and modeling that is based on cloud platforms. Furthermore we validate the essential elements required for the implementation of real-time nowcasting, as well as their data management protocols to ensure the reliability and consistency needed for accurate forecasting of official statistical indicators.

Impact of Education on Multidimensional Poverty Reduction at the Post-Poverty Alleviation Era in Xinjiang

  • Jian Qiu;Hongsen Wang;Ailida Aikerbayr
    • East Asian Economic Review
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    • v.27 no.3
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    • pp.243-269
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    • 2023
  • The multidimensional poverty index is an indicator system established for defining and evaluating poverty, to understand poverty in dimensions beyond just monetary scarcity. Based on income, education, health, living standards, and social dimensions, this article measures and analyzes the level of multidimensional poverty in Xinjiang using the AlkireFoster method, with cross-sectional data obtained from a 2022 survey. Probit model is constructed for regression analysis, further considering the impact of education on enhancing feasible capabilities and alleviating multidimensional poverty at the post-poverty alleviation era. The data shows that many people still face significant challenges from the perspective of multidimensional poverty; the decomposition results of each dimension show that education contributes more to the multidimensional poverty; the regression analysis results show that the higher the education level, the lower the multidimensional poverty; heterogeneity analysis revealed that the inhibitory effect of education on multidimensional poverty is greater for females than males, and the poverty reduction effect of education mainly concentrates on middle-aged and older individuals. This article is meaningful for exploring strategies to alleviate multidimensional poverty in ethnic minority regions in frontier areas in the new era, accelerating regional economic development, and achieving shared prosperity.

A Survey on the Implementation of Musculoskeletal Disorders Prevention Program in Shipbuilding Industry

  • Kim, Day-Sung
    • Journal of the Ergonomics Society of Korea
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    • v.31 no.1
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    • pp.151-156
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    • 2012
  • Objective: In 2010, the rate of injuries and illnesses in the shipbuilding industry was 1.20, about 1.74 times higher than the average of overall industries(0.69). Musculoskeletal disorders(MSDs) became a major problem since 2000 in shipbuilding industry. The purpose of this study was to provide efficient implementation management through evaluating the economic effectiveness of the Musculoskeletal Disorders Prevention Program(MDPP). Successfully implementing the MDPP in the workplace may decrease the risk of MSDs and therefore reduce MSDs related costs. Methods: Occupational accident index (frequency rate, severity rate, and frequency severity indicator), estimated direct costs, and total occupational accident occurrence rate were provided by analysis of MSDs, statistical analysis of MDPP decreed companies, and data analysis of implementation. Results: The study shows the number of MSDs for MDPP decreed companies decreased 76.2% from 2,319 in 2004 to 551 in 2008. Above all, the number of MSDs decreased 78.7% in Shipbuilding industries. Forty companies (85.1%) showed a decreasing tendency and 27.7% of those had an $R^2$ > 0.7. Similar results were found in severity rate and frequency severity indicator. From these results, it appears there are a number of advantages in implementing the MDPP. Conclusion: MDPP effectiveness was demonstrated by analysing implementation and occupational accident index. A more effective and efficient implementation would take into account business sector, size, policy, and organization of the company.

A Study on Citation Behavior of Korean Scientists Using Patent Analysis (특허분석을 통한 과학기술자의 과학논문 인용행태에 관한 연구)

  • Noh, Kyung-Ran;Han, Sang-Wan
    • Journal of the Korean Society for information Management
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    • v.23 no.3 s.61
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    • pp.223-239
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    • 2006
  • As the fact that science is the driving force behind technological development and that technological innovation contributes to economic development has been proved empirically convincing, the interaction between science and technology is highly emphasized in advanced countries. But, Korea has not been active in conducting research on science-based technological development and on the scientific fields that have strong relationships with Korean technology. This study attempts to explore the influence of scientific research papers cited in US patents by Koreans on other US patents and identify the interactions between scientific research papers and patents, by examining the scientific references cited in the Korean-originated US patents.

A Study on the Management of the Logistics Center Using the KPI (KPI를 활용한 물류센터 운영 방안)

  • Youn, Jung-Han;Shin, Dong-Ho;Kim, Hwan-Seong
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2019.11a
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    • pp.195-196
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    • 2019
  • It It is not easy to reduce the operation costs at a time when it is hard to expect increase sales due to growing economic uncertainties. For logistics centers, which need to keeps their competitive advantage in the market by raising service levels at low cost, it is essential to drastically improve service levels at low cost. This study suggests that KPI (Key Performance Indicator) analysis should determine whether efficient logistics operation is being performed for the entire process of the logistics operation system. And also we suggests that each item should be set up, measured, and improved so that customer satisfaction can be increased based on performance indicators.

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