• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.43-52
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• 2020

This paper examines how macroeconomic variables, such as interest rate differences, inflation, exchange rates, economic growth and external debt growth, affect capital flight in the ASEAN-8 countries. We apply a panel data model with fixed effect estimation for the data for eight countries from the period 1994 to 2018. We use the residual approach used by the World Bank to measure the value of capital flight. The results show that the interest rate differences, exchange rates, economic growth and foreign debt growth had a positive and significant effect on outward capital flight. A further implication of this finding is that the interest rate differences, exchange rate, economic growth and foreign debt growth are factors that trigger an increase in capital outflow in the ASEAN-8 countries. Nonetheless, inflation rate is not considered to be the main factor influencing capital flight, as average inflation in the ASEAN-8 countries remains relatively stable. This paper will be beneficial for policymakers in the ASEAN-8 countries and encourage them to constantly pay attention to these four variables, as they significantly influence capital flight, whereas they can disregard the impact of the inflation variable that is not significant in influencing capital flight.

• Journal of the Korean Data and Information Science Society
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• 제20권4호
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• pp.655-660
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• 2009

최근의 글로벌경제위기 상황에서 국내 금융외환시장이 높은 환율변동을 보이며 불안한 모습을 보이고 있다. 따라서 그 어느 때보다 금리, 환율 등 가격변수들의 움직임 및 이들 간의 관계에 대한 관심이 높다. 본 연구에서는 국내시장을 중심으로 환율, 금리의 추이 및 인과관계에 대하여 연구하였다. 글로벌경제위기 상황에서 원/달러환율, 콜금리의 움직임에서 나타나는 주요 특징을 알아보고, 교차상관분석 및 그랜저 인과관계검정 등을 이용하여 두 변수간의 상호연관관계에 대하여 선도/지연 관계를 중심으로 분석하였다.

• The Journal of Asian Finance, Economics and Business
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• 제9권5호
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• pp.285-294
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• 2022

Using the ARDL approach, this study examined the impact of macro factors on Vietnam's stock market in the short and long run from 2010 to 2021. The State Bank of Vietnam and the International Monetary Fund provided time series data for this study. Research results show that in the long run, money supply and exchange rate respectively affect the stock market. The money supply had a positive effect on the VN-Index, while the exchange rate showed the opposite effect. However, the study did not find a relationship between world oil price and interest rates on VN-Index in the long run. On the other hand, in the short term, there are relationships between variables; specifically, interest rates and exchange rates have a negative impact on the VN-Index, while the world oil price and the fluctuation of money supply M2 of the previous one and two months showed an impact in the same direction on this index. The differences in the regression results on the impact of exchange rate and oil price on the VN-Index compared to previous studies come from the characteristics of Vietnam's stock market, with the large capitalization of companies in the oil and gas sector, and the structure of Vietnam's economy with export heavily depends on FDI sector.

• 환경정책연구
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• 제6권4호
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• pp.103-127
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• 2007

본 연구는 정부의 국제환경규범 결정과정에 영향을 줄 수 있는 이익집단들의 정치적 행동을 조감하는데 필요한 정치경제학 모형을 제시한다. 복잡하고 다양한 이익집단의 집단행동을 분석하기 위해서 본 연구는 최근 유행하는 메뉴 옥션 유형의 선거비용 기부 모형으로부터 시작하여 다수 조정자-다수 대리인 이론에 근거하는 국제 이익집단 정치와 더불어 공동 대리인 모형과 다수 조정자-다수 대리인 모델이 혼재되어 있는 경우까지 조감하였다. 국제무역이론의 특정생산요소 모형을 바탕으로 다양한 이익집단 정치경제모형에서 결정될 수 있는 균형 환경규범의 수준을 분석하여 근래 점증하는 환경주의자 이익집단의 정치적 역할 등을 가늠하도록 한다. 2국 소국가 개방경제를 가정하여 각국의 일방적인 환경규범입안은 매우 완화된 수준에서 이루어질 것이고 이 때문에 초래되는 외부효과는 정부 간 협력을 통하여 내재화될 수 있다는 종래의 이론적 주장에서 탈피하여 국가 간 협력을 통하여 달성될 수 있는 최적의 국제환경규범 수준이 동일한 이익을 추구하는 각국의 이익집단 간의 협력을 통해서도 가능함을 지적한다.

• 재무관리연구
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• 제13권1호
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• pp.341-357
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• 1996

Some empirical studies have shown that asset prices respond to announcements of economic news, however, others also have found little evidence. This study assesses how market participants of the S&P 500 Index Futures reacted to the U.S. economic news announcements. For this purpose, using a GARCH (Generalized Autoregressive Conditional Heteroscedasticity) model, we use several U.S. news variables, its each surprise component and interest rates. We find that some economic news variables affected significantly on the S&P 500 Index Futures. In other words, we find that weekend variable, lagged volatility, and surprise component of trade deficit increased level of volatility. However, interest rate, M1, unemployment announcements caused the variance of the S&P 500 Index Futures to reduce, and each of the surprise component of M1 and trade deficit increased it. The result suggests that resolution of uncertainty, through economic news announcement, while, in some cases, causes market participants to reduce their forecast of volatility, a large difference between the market's forecast and the realization of the series causes the volatility to increase.

• Ocean and Polar Research
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• 제26권4호
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• pp.669-678
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• 2004

Coastal states are adopting maritime boundary delimitation as their primary maritime policy because maritime jurisdiction directly relates to vast economic interest. This becomes specially important and sensitive when complex maritime boundary issues are involved between neighboring coastal states. China has not actively carried out nor declared maritime boundary delimitation until recently with any country except Agreement between China and Viet Nam on the demarcation of the territorial water, the exclusive economic zones and the continental shelf of China and Vet Nam in the Gulf of Tonkin on 25 December 2000 (hereinafter, the Gulf of Tonkin Agreement). The principles that governs maritime boundary delimitation are to consider primarily an agreement between States concerned, however, if no agreement can be reached, all relevant circumstances are considered to achieve an equity between concerned States. Relevant circumstances are length of coastline, form of coastline, existence and position of island or islands, speciality of geology/topography, and factor of economy and deffnce. Factors which sinologists are considering in regard to continental shelf delimitation of the Yellow Sea are as follows; i) geographical factor, ii) geological factor, iii) topographical factor, iv) environment and ecological (factor, v) historic interest, and vi) social and economic interest. The 'Gulf of Tonkin Agreement' is completed by basically applying the principle of delimitation according to median line which seems that China has adopted the maritime boundary delimitation principle of 'half and half' which was the intention of chinese government. At the same time, China recognized Viet Nam's dominion and sovereign right over the partial exclusive economic zone and the continental shelf of Dao Bach Long Vi in Gulf of Tonkin. This case can be considered as an example of mutual concession or compromise in delimiting maritime boundary for states of concerned.

• 대한가정학회지
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• 제25권1호
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• pp.1-10
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• 1987

The purpose of this study was to investigate the relationships between demographic variables and seven aspects of clothing behavior of adult males, and to attempt to develop the measurement of men's clothing behavior. Age was ranked by five gradation (20∼60 ages) and socio-economic status was divided into three categories (high, middle, low) based on the subjects' education, occupation and economic status. Six aspects of clothing comfort, satisfaction, status symbol, conformity, fashion interest and clothing acceptance I were assessed with Koh's, Chung's and Lee's questionnaires. Clothing acceptance by line-drawing of clothing syles representing different levels of formality for occasions designed to measure the awareness of appropriate clothing category of business suits. The questionnaires in this study were administered to a sample of men living in Seoul. The sample was drawn by the random-cluster sampling method. The data from 362 respondants were analysed. To determine the internal validity of clothing behavior mesurement, factor analysis was computed, whereas to determine the reliability, Cronbach's alpha was calculated. The statistical methods adopted were correlation, one-way ANOVA, and multiple regression. The results obtained in this study were as follows: 1) As for clothing behavior instruments, items dealing with status symbol and fashion nterest were proved to be satisfactory as a measurement of adult males. Eight factors emerged on clothing acceptance Ⅱ, most of which were representing unappropriate clothing choice for occasion. 2) Demographic variables were significantly related to the adult males' clothing behavior. (1) Age was positively related to clothing conformity but negatively to fashion interest. (2) Socio-economic status was positively related to clothing satisfaction, status symbol, and fashion interest but negatively to clothing confort. (3) When age was controlled, socio-economic status was negatively related to comfort in 40∼50s age group only, and negatively related to clothing conformity in 20∼30s age group only. (4) Four subscales of clothing acceptance Ⅱ representing unappro-priate clothing practice for selected occasions were negatively related to age and/or socio-economic status.

• 한국경제지리학회지
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• 제11권2호
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• pp.216-232
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• 2008

본 연구는 박제가의 [북학의]를 통해 그의 지리적 관심과 지리지식이 어느 정도이며 어떤면에 활용하고자 하였는지를 살피는데 있다. 특히 경제지리적 내용을 추출해서 농업 공업 상업지리 내용으로 분류 해석하였다. 농업지리 내용으로 농지, 종자파종, 시비, 가축사육, 농잠과 과일 등에 대해 섬세하고 치밀하게 필요성과 구체적 방법론을 제시하고 있다. 공업지리 내용으로 연경(북경)에 와 있는 서양학자들로부터 첨단과학 및 공학 기술과 지식을 받아들여 우리 것에 대한 근대화를 꾀할 것을 강조하였다. 상업지리 내용으로 양반들의 유휴 노동력을 실용적인 상업생산 노동력으로 전환시키며 수레를 통한 육로교통을 열고 이웃 나라(청, 일본, 유구, 베트남 등)들과 뱃길 통상의 길을 열어 지역 및 국가 경제의 활성화를 꾀할 것을 주장하였다. 연구를 통해 박제가는 경제지리 내용에 밝았고 깊은 관심을 기울였으며 경제지리 관련 지식을 활용해 국가경제력 제고를 위해 노력한 실학자임을 알수 있다. 그의 경제지리적 관심과 지식은 실사구시에 직결되는 것이다. 당시 박제가의 경제지리적 지식과 활용의 구체적 방법론 제시가 나라에 의해 효율적으로 채택되었다면 조선시대 후기의 국가 경제력은 크게 도약할 수 있었을 것이다.

• 융합경영연구
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• 제2권4호
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• pp.1-19
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• 2014

The rule of Islam is simple: if you advance a loan, you are entitled to receive your capital only and nothing more. If you wish to secure profit you should enter into a partnership and become a shareholder. Prohibitions against interest are not peculiar to Islam. If we were to trace back through history, a number of examples of such prohibitions can be found in the early Greek, Roman and Rabinnical thought. With the decline of the influence of the Catholic Church interest transactions become legal and stimulated giant Western corporations which forged capitalist imperialism. The practice of charging interest (usury) now dominated Western law and ethics for over a millennium. But, the Western or capitalist economic system has proven a failure in its quest for economic justice, which serves to benefit all in society, both the rich and the poor. In particular, capitalism is currently causing a terrifying scenario of making the rich richer and the poor poorer due to interest charges. An alternative banking model, called Islamic finance and banking, is evoked in this study in order to depress financial exploitation by banking institutions.

• 보건교육건강증진학회지
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• 제18권2호
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• pp.65-82
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• 2001

The purpose of this study is to find out how well the middle school students are practicing the health promotion behaviors and the factors relating their health promotion behavior. Questionnaire survey on 922 middle school students attending 6 middle schools (three middle schools for each sex) located in Taegu City from the 7th through 19th of Feb. 2000 were conducted. The following were as follows; 1. The perceived health status is higher in male students than in female students(p〈0.01). And the ratio of the students' feeling that they are healthy becomes also high in proportion to their economic status, and their mothers' educational level, and their parents' interest in health(p〈0.01). The perceived importance of health is high in proportion to the students' economic status, and their parent's interest in health. 2. In case of the Health Locus of Control in Personality, the students with both parents have higher trend of inner control than the students with single mother or single father. The perceived self efficacy is significantly higher in male students than in female students(p〈0.01). And it becomes significantly high in-proportion to the students' economic status and their parents' educational level and interest in health(p〈0.01). It is also higher in the students who had no diseases. 3. In case of the perceived benefit of the health promotion behavior, the ratio of the students responding that it is high is higher in male students than in female students(p〈0.01). It also becomes high in proportion to the students' economic status, and their parent's educational level and interest in health(p〈0.01). The barriers of the health promotion behavior was found to have no variables that are related to itself. 4. According to the data from Multiple Regression of Analysis which has the health promotion behavior practice as a subordinate variable, in male students' case the degree of health promotion behavior practice becomes high in proportion to their parents' interest in health, and the perceived health status. Their degree of health promotion behavior practice is also in proportion to their perceived self efficacy and the perceived benefit of the health promotion behavior practice. But in case of the barriers of the health promotion behavior practice, the result is the opposite. As to the female students, their health behavior practice becomes high in proportion to their parents' interest in health. It also becomes high in proportion to the perceived health status, the understanding of the importance of the health, the perceived self efficacy and the perceived benefit of the health promotion behavior. But in case of the barriers of the health promotion behavior, it was the same as the male students' case.