• The Journal of Asian Finance, Economics and Business
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• v.9 no.2
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• pp.61-69
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• 2022

The study intends to investigate a short-run and a long-run causality among money, income, and prices in the Keynesian and Monetarists framework. This study emphasizes the importance of unrecorded money, which exists alongside legal monetary assets and plays a dual function in determining economic prosperity. The underground economy, which is a hidden component of aggregate economic activity, is determined using Tanzi's monetary approach (Tanzi, 1980). This research uses a time series of annual data from 1990 to 2019 for this purpose. The data is extracted from the World Bank database for the monetary and development indicators. The study keeping in view the trending nature in data follows a unit root testing followed by the Autoregressive Distributive Lag Model (ARDL) to assess the long and short-run dynamics of causality among the variables. In both the pricing and income equations, the study finds a significant level link among the variables; however, there is no evidence of the presence of a level association in the money equation. The short-run causal relationship provides evidence of bi-directional causation between the supply of money and national income. The outcome of this study advise that though the view point of both the Monetarist and Keynesian school holds in both short and long run, however, in Pakistan only the Monetarists' role of money supply and income holds in Pakistan. This evidence would be of precise interest to the policy-makers.

• International Commerce and Information Review
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• v.14 no.3
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• pp.75-96
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• 2012

China will replace the global governance of the 21st century in 2050. The rise of China provide the Chinese development model to other developing countries. There are positive element and disability element in China's 'peaceful rise' strategy at the same time. Success of the reform and opening up, market liberalization, economic interdependency, economic globalization, stability of ruling power, consolidation of one-party rule and soft power increase are the promotions of peaceful rise. China's rise as a power nation begins by regaining the superpower status in East Asia. East Asia is a lebensraum assuring a continuing growth to China. For this lebensraum, China shows an interest in institutionalization of regional economic cooperation. The core values of ASEAN, namely the mutual respect, harmonious coexistence, co-prosperity, egalitarianism and pluralism are in conform to China's policy of harmonious world and peaceful coexistence. Through this common value the tension in East Asia will be alleviated. By the regional hegemony strategy based on soft power and economic success, China will try to regain the past glorious position. Attaining status as a coordinator of the world rule will be based on the success of the East Asian strategy. Korea and other neighboring countries will be the best beneficiary countries of the China's rise strategy. China's rising strategy will have a profound effect on neighboring countries especially, Korea. The scale of the movement of goods, labor, and capital between the two countries will become much larger than present. Through regional trade agreements, economic interdependency between Korea and China will increase.

• Strategy21
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• s.34
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• pp.26-57
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• 2014

Revolution of Shale gas literally brings about great changes in many spheres. In the past most academic research had been focused on the influence and innovative change in term of economic perspective. But nowadays we should more concern about the security approach and perspective as its status of the future's core energy resources. Revolution of Shale gas has an great influence on the reshaping of global and regional alliance order. There are many international political implications as follows. Contribution of energy hegemony with leading U.S.; Acting as strategic leverage on the reshaping international order; Deepening competition among major states on the construction of energy security and so on. We'd better make a good solution and systematic policies which are preparing for the Shale gas's revolution period including on the understanding about the change on the global energy structure and making a national policy agenda of energy security issues and so on. The thesis like 'to get the energy resources is to get the hegemonic power in the world' will persist. The same holds good of Shale gas case. To meet the revolution of shale gas era, we have important tasks as like making an opportunity to develope not only regional but also international prosperity.

• Proceedings of the Korea Water Resources Association Conference
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• 2009.05a
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• pp.2190-2199
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• 2009

Nihombashi is located in the central area of Tokyo, Japan. Tokyo has been the capital in Japan since the Edo period, which started approximately 400 years ago, and has accepted a variety of cultures, human resources, businesses for the last 400 years. This has resulted in building up the present prosperity. The Sumida River, one of the symbols of Tokyo and its tributaries including the Kanda River and the Nihombashi River, flows through the Nihombashi district. The river and tributaries used to benefit to the City of Edo. Due to the economic development and the industrial growth in Tokyo, however, they were polluted and lost their functions. In 1960s, approximately 40 years ago, the Sumida River became so dirty that local citizens kept away from it. The Nihombashi River was covered with an expressway, which was obscuring the river view. Since 1970s, local communities have proposed to rehabilitate rivers in Tokyo successively, and have proceeded with measures for river floods, improvement of sewage systems and construction of water purification facilities. Consequently, the quality of the river water was considerably improved in 1990. The stagnant rivers were turned into ones that local citizens were physically able to come close by. Today, restoring of the environment and the appearance of the city in the old days, Nihombashi district has been proposed as a model city of the future, which is alive with history and culture and harmonizing with rivers. The concept is "To Create, To Reserve, To Restore." This paper introduces a case study of the urban development, in which the local communities and public authorities collaborated with and proposed a brand-new style of the urban city harmonizing with the environment.

• Journal of Korean Society of Rural Planning
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• v.13 no.3
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• pp.1-11
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• 2007

In the continued economic prosperity, concern about environment and landscape is converted to develop actual institutional system on conservation and management of landscape. In these transition periods, the objective of this study is to suggest limitations and improvements of landscape conservation system for each landscape type such as rural landscape, natural landscape, urban landscape, historical landscape through reviewing related policies, laws, and case studies. As a results, landscape conservation system is insufficient for each landscape type and is regulated sporadically by a few laws. In particularly, rural landscape has been damaged seriously since significance of it was lesser recognized than other landscape types. Urban landscape is managed by landscape ordinance and planning which local government developed, however it doesn't have effectiveness due to insufficient legal basis and related cases. Therefore to enhance recognition of landscape as well as to support the law of landscape which is established this year is required.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.9 no.5
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• pp.1467-1478
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• 2008

This paper is to suggest a concrete way about imperiled domestic hot spring tourism and then provide some ideas to solve the problems related to public health promotion, aging society. In this paper, the author proposes the healthy tourism formation to solve such above problems. The author also proposes Asan Hot spring areas as the most healthy places for tourists. Therefore, this paper introduces that Asan Hot Spring Areas will contribute to the economic development in Korea. There will contribute to improve the nation's image and produce much more benefits by hot spring resources develop of the A-San springs area.

• Advances in concrete construction
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• v.1 no.4
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• pp.341-358
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• 2013

Due to fast growth in urbanisation, a highly developed infrastructure is essential for economic growth and prosperity. One of the major problems is to preserve, maintain, and retrofit these structures. To meet the requirements of construction industry, the basic information on all the mechanical properties of various concretes is essential. This paper presents the details of development of various concretes, namely, normal strength concrete (around 50 MPa), high strength concrete (around 85 MPa) and ultra high strength concrete (UHSC) (around 120 MPa) including their mechanical properties. The various mechanical properties such as compressive strength, split tensile strength, modulus of elasticity, fracture energy and tensile stress vs crack width have been obtained from the respective test results. It is observed from the studies that a higher value of compressive strength, split tensile strength and fracture energy is achieved in the case of UHSC, which can be attributed to the contribution at different scales viz., at the meso scale due to the fibers and at the micro scale due to the close packing of grains which is on account of good grading of the particles. Micro structure of UHSC mix has been examined for various magnifications to identify the pores if any present in the mix. Brief note on characteristic length and brittleness number has been given.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.6 no.2
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• pp.172-177
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• 2005

Under the difficult economy circumstances of Korean universities and industries, Korean government has been strongly emphasizing industry-university collaboration to make percentage of employment among college/university graduates higher as well as prosperity of Korean economy. In order to make effective improvement for universities, industries, local society, and national economic status, it is required to recognize the importance of university-industry collaboration team leader's leadership; which relates various employers personal behaviors with organizational goals and affects the employer's organizational behaviors in university-industry collaboration team. This study aims to suggest the effective strategic leadership behaviors fur the industry-university collaboration team leader in Korean universities as they are to manage university faculty members, professors, and researchers and/or top management of business enterprises and to achieve the organizational goals through literatures concerned about leadership and university-industry collaboration.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.197-204
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• 2020

Nowadays, many construction engineering and technology enterprises are evolving to find that prosperity is driven and inspired by an open economy with dynamic markets and fierce multifaceted competition. Besides brand and product uniqueness, the ability to quickly provide customers with quotes are matters of concern. Such a requirement for prompt cost estimation of construction investment projects with the use of a construction price index poses a significant challenge to contractors. This is because the nature of the construction industry is shaped by changes in domestic and foreign economic factors, socio-financial issues, and is under the influence of various micro and macro factors. This paper presents a fuzzy decision-making approach for calculating critical factors that affect the construction price index. A qualitative approach was implemented based on in-depth interviews of experts in the construction industry in Vietnam. A synthetic comparison matrix was calculated using Buckley approach. The CoA approach was applied to defuzzified the fuzzy weights of factors that affect the construction price index. The research results show that the top five critical factors affecting the construction price index in Vietnam are (1) consumer price index, (2) gross domestic product, (3) basic interest rate, (4) foreign exchange rate, and (5) total export and import.

• Proceedings of the KIEE Conference
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• 1998.11a
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• pp.248-252
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• 1998

The ACE Engineering, Inc. (ACE) of Seoul, Korea and The Energy Systems Institute (SEI) of Irkutsk, Russia has extensively studied the formation of an interconnected electric power systems throughout the North Eastern Asia Region(NEAR). The region encompasses East Siberia (ESR), Far East of Russia(FER), North East China(NEC), Mongolia(MON), North Korea(NKOR), South Korea(SKOR). Although geographically adjacent to each other, these countries and territories have different levels and rates of economic development, possess different reserves of energy resources which complement each other and hence, can interact to their mutual benefits. This Project is called Peace Network Project (PNP) because it seems to contribute for development of power economy and clean environment. In a word, the PEACE Network is expected to serve as "Power Economy And Clean Environment Network" and to promote the international cooperation. to expedite the peaceful reunification of North & South Korea and to revive the Korean culture in the North, and eventually contribute to the human prosperity.