• Title/Summary/Keyword: Economic Indicator

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The Impact of Trade Openness on Economic Growth in China: An Empirical Analysis

  • Hye, Qazi Muhammad Adnan;Wizarat, Shahida;Lau, Wee-Yeap
    • The Journal of Asian Finance, Economics and Business
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    • v.3 no.3
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    • pp.27-37
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    • 2016
  • This study uses an endogenous economic growth model to determine the long run relationship between trade openness and economic growth in China by using the data 1975-2009.It contributes to the literature by developing trade openness index. An autoregressive distributed lag approach to cointegration and rolling regression method are employed. This study tests the link between trade openness and economic growth in the case of China by using the framework of endogenous economic growth model. This study also employs the rolling window regression method in order to examine the stability of coefficients throughout the sample span. The autoregressive distributed lag (ARDL) cointegration technique and rolling regression method are used. The empirical findings indicate that trade openness (i.e. Both individual trade indicator and composite trade openness index) are positively related to economic growth in the long run and short run. Our results indicate that trade openness as measured by individual trade indicator and composite trade openness index are positively related to economic growth in the long run and short run. However, results from the rolling window suggest that trade openness is negatively linked to economic growth only for a number of years.

Comparative Appraisal of Sustainable Development in Korean Metropolis (우리나라 대도시의 지속가능발전성 비교평가)

  • Kim, Jai-Han
    • Journal of the Korean association of regional geographers
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    • v.13 no.3
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    • pp.235-253
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    • 2007
  • The paper has its focus on comparative appraisal of sustainable development in korean metropolises. In reference to OECD, UNCSD, PCSD and BBR indicator lists, somewhat transformed 14 themes and 42 quantitative indicators were chosen in economic, social and environmental sector. In next step, for the standardization of the indicators the own value of each Metropolis was relatively appraised based on the mean value of each indicator of the metropolises. If necessary, the indicator which has negative characteristics was transformed into positive scale so as to compare all of the indicators with same scale direction. As a result, it was found out that Seoul and Ulsan, highly concentrated in specific economic sector, reveals high level of sustainable development in economic sector but not in environmental sector. Kwangju is diametrically opposed to the former case. In contrast to the generally low level of sustainable development of Pusan, Taegu and Incheon, the metropolis Taejeon shows equally high level of sustainable development in 3 sectors.

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구조적 재정수지의 추정

  • Go, Yeong-Seon
    • KDI Journal of Economic Policy
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    • v.23 no.1_2
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    • pp.71-147
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    • 2001
  • The structural balance is obtained by neutralizing the impact of economic cycles on the actual balance. It is often used as an indicator of the long-term stability of government finance and as a measure of fiscal stance. Many countries nowadays produce and report the estimates of their structural balances regularly, and the IMF recently advised the Korean government to adopt this practice for better fiscal transparency. This paper surveys the methodologies employed by the OECD secretariat and the IMF to estimate structural balances and apply them to the Korean data. It then computes the fiscal impulse indicator (FI) and suggests a decomposition of FI into the changes in structural expenditures and revenues. In addition, primary and operational balances are estimated. The estimated series of structural balances, one by the OECD methodology and the other by the IMF, show no sizable difference from each other. These series also follow the actual series of budget balance quite closely. The latter characteristic stems from two factors, namely the rather small GDP gap and the rather small size of the tax revenue as a share of GDP. The impulse indicator estimated for the last three decades indicates that the fiscal stance in Korea contributed to smoothing the economic cycles in about half of the times. In particular, the fiscal tightening in the early 1980s to reduce inflation resulted in a pro-cyclical movement in fiscal stance as did the expansionary policy in the early 1990s. The overall performance, however, is not bad when compared with those of other countries.

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Redefining Liquidity for Monetary Policy

  • Kim, Kyunghun;Lee, Il Houng;Shim, Won
    • East Asian Economic Review
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    • v.22 no.3
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    • pp.307-336
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    • 2018
  • This paper proposes a monetary aggregate "Liquidity" that could serve as a useful indicator for gauging the appropriateness of monetary policy. If liquidity rises above a certain threshold, it is signaling that monetary policy is losing traction due to structural and other impediments even when the inflation gap remains open. This indicator supplements the financial cycle approach but adds value by providing a benchmark that is derived from the national account, and not based on its own trend. Over the last two decades, each time this measure rose above the threshold range, it was followed by a decline in GDP growth. The latter was greater when accompanied by a high physical asset value to GDP, e.g., an elevated property market.

Modeling of Regional Management of Innovation Activity: Personnel Policy, Financial and Credit and Foreign Economic Activity

  • Prylipko, Sergii;Vasylieva, Nataliia;Kovalova, Olena;Kulayets, Mariia;Bilous, Yana;Hnatenko, Iryna
    • International Journal of Computer Science & Network Security
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    • v.21 no.11
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    • pp.43-48
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    • 2021
  • The article proposes a method of modeling a comprehensive indicator for evaluating the effectiveness of regional management of innovation activity. This will make it possible to assess the effectiveness of personnel, financial and credit and foreign economic activity of the regions from the standpoint of an integrated approach. The modeling technique is proposed to be carried out using the tools of taxonomic analysis and the calculation of a complex indicator of the effectiveness of the innovation activity management.

A Study on the Development of Architectural Design Indicator for Small Public Building (소규모 공공건축물의 디자인 지표 개발에 관한 연구)

  • Ryu, Soo Hoon
    • KIEAE Journal
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    • v.13 no.1
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    • pp.83-92
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    • 2013
  • Public buildings as a public space of the community have a close relationship with local residents and urban space. Public buildings are not a simple role as office space, but closely related to the life of the local residents. In addition, a variety of approaches, spatial, and program elements should be considered. Rising awareness for public buildings recently, aspect of design also has began to be interested. Small building is a public building that can actively cope with the social and economic environment in the rapid change. However, small building is lacking the design consideration according to the scale and economics. This paper is to present the Design Indicator that can be used to create 'small public buildings' that has been alienated from the large public buildings design development. This is intended to derive and utilize the design categories and design detail indicator of small public buildings. There are composition of design categories and design detail indicator of developed small public buildings. Design categories have developed six such as Public and Harmony, Access, Landscape Design, Space, Sustainable Design, Technique and Performance. Design Detail indicator of Small public buildings have developed all 24. Presented Design Categories and detail indicator are composed of design indicator available in all areas of design evaluation and review that includes design, function, environment, and technology of public buildings. And it is possible to apply with small public buildings in all purpose.

Personal Economic Indicator and Its Distribution on Household Consumption Level

  • PRILMAYANTI, Sri;HASANUDDIN, Basri;Fatmawati;DWIANA SARI.S, Nur
    • Journal of Distribution Science
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    • v.20 no.4
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    • pp.1-7
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    • 2022
  • Economic progress has changed views of people in interpreting welfare and this affects the level of household consumption expenditure. An analysis of this issue is important to do so that the community may encourage the utilization and distribution of community welfare to be wiser and balanced in order to achieve the properness and appropriateness of welfare programs management with the development goals. Purpose: This study aims to analyze the impact of personal income, experience on lifestyle, and its distribution to household consumption of Makassar City Industrial workers. Research Design, Data, and Methodology: Data collection in this study was carried out by distributing questionnaires to 100 respondents in Makassar City, South Sulawesi. Partial Least Square (PLS) analysis was used as data analysis. Result: This study indicated income has a positive and significant effect on lifestyle, while experience has no significant effect on lifestyle, and family member has a positive and significant effect on lifestyle. This study also indicated that lifestyle has a significant effect on Household Consumption. Conclusion: Consumption patterns are influenced by many factors, so people need to be wise in regulating consumption patterns and managing the distribution of their economic resources in order to achieve balance of economic in family.

A study on sensitivity of representativeness indicator in survey sampling (표본 추출법에서 R-지수의 민감도에 관한 연구)

  • Lee, Yujin;Shin, Key-Il
    • The Korean Journal of Applied Statistics
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    • v.30 no.1
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    • pp.69-82
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    • 2017
  • R-indicator (representativeness indicator) is used to check the representativeness of samples when non-responses occur. The representativeness is related with the accuracy of parameter estimator and the accuracy is related with bias of the estimator. Hence, unbiased estimator generates high accuracy. Therefore, high value of R-indicator guarantees the accuracy of parameter estimation with a small bias. R-indicator is calculated through propensity scores obtained by logit or probit modeling. In this paper we investigate the degree of relation between R-indicator and different non-response rates in strata using simulation studies. We also analyze a modified Korea Economic Census data for real data analysis.

A Study on Evaluation Indicator of School Building (학교 건축물 평가지표 개발 연구)

  • Yoo, Taek-Dong;Cho, Jin-Il;Kim, Sung-Jung;Cho, Kyung-Suk
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.5 no.2
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    • pp.31-52
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    • 2006
  • It presented the specialty and efficient evaluation indicator and a method which corresponds in each quality classified with 4 fields - an use and the function, the environment and an equipment, the structure stability, an main finishing material from plan side against an existing school facility in order to suit in development of the standard indicator which has become fixed quantity and demand of evaluation method for an analysis of the object school facilities to rebuild. So it presented the method which is the fixed quantity evaluation from economic viewpoint as possible for evaluating the maintenance cost by the expenses involved and durable years increase in rebuilding of objective school facility.

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Make and Use of Leading Indicator for Short-term Forecasting Employment Fluctuations (취업자 변동 단기예측을 위한 고용선행지수 작성과 활용)

  • Park, Myungsoo
    • Journal of Labour Economics
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    • v.37 no.1
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    • pp.87-116
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    • 2014
  • Forecasting of short-term employment fluctuations provides a useful tool for policy makers in risk managing the labor market. Following the process of producing the composite leading indicator for macro economy, the paper develops the employment leading indicator(ELI) for the purpose of short-term forecasting non-farm payroll employment in private sectors. ELI focuses on early detecting the point of time and the speed in phase change of employment level.

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