• Asian Journal of Business Environment
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• v.14 no.2
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• pp.19-30
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• 2024

Purpose: This research article investigates the intricate relationship between economic growth and employment in the Korean agri-food industry. Research design, data and methodology: Drawing on Okun's law, which proposes a negative correlation between economic growth and unemployment, the study explores the applicability of this law to different sectors. By focusing on the agri-food industry, the study examines the impact of economic growth on both full-time and temporary employment. Results: The findings highlight the industry's role as a buffer, absorbing workers from other sectors, particularly manufacturing. Moreover, the study reveals that temporary employment is more sensitive to economic growth fluctuations compared to full-time employment. Conclusions: The research emphasizes the importance of implementing employment programs that support transitioning workers in the agri-food industry, facilitating knowledge and skill transfer to ensure sustained employment. Furthermore, it recommends government and company support for temporary employment during buffering periods to ensure safe job transitions. This study provides valuable evidence to understand the nuanced relationship between economic growth and employment in the Korean agri-food industry.

• Journal of the Society of Disaster Information
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• v.13 no.4
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• pp.499-510
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• 2017

Based on "The Global Gender Gap Report" by World Economic Forum, this study identified factors of gender gap and analyzed a relationship between income growth and economic structural improvement with 145 countries. Consequently, sex ratio has a positive relationship with GNI growth rate and ICT development index. Female illiteracy has a negative relationship with only GNI growth rate, and female seat of parliament has a positive relationship with only with only GNI growth rate. Female labor participation rate has a positive relationship with inly ICT development index. These results confirmed the importance of future female labor force. With these results, many countries will need to reconsider discrimination against women and establish strategy based on an institution and a policy to prepare the 4th industrial revolution.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.5
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• pp.91-102
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• 2020

The study investigates the relationship between the inflation rate and economic growth to find out the optimal inflation threshold for economic growth. Therefore, this study applied an ordinary least square model (OLS) and the ordinal regression model, and collected the time-series data from 1996 to 2017 to test the relationship between inflation and economic growth in the short-term and long-term. The sample fits the model and is statistically significant. The study showed that 96.6% of correlation between inflation rate and economic growth are close and 4.5% of optimal inflation threshold is appropriate for economic growth. It finds that the optimal inflation threshold is base to perform economic growth, besides the inflation rate is positively related to economic growth. The results support the monetary policy appropriately. This study identifies issues for Government to consider: have a comprehensive solution among macroeconomic policies, monetary policy, fiscal policy and other policies to control and maintain the inflation and stimulate growth; have appropriate policies to regulate inflation to stimulate economic growth over the long term; set a priority goal for sustainable economic growth; not pursue economic growth by maintaining the inflation rate in the long term, but take appropriate measures to stabilize the inflation at the optimal inflation threshold.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.43-54
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• 2021

Human capital and innovation capacities are essential elements and one of the sustainable approaches to driving economic growth. However, there is debate among scholars concerning these two factors in fostering economic growth. This study investigates the relationships between human capital and innovation capacity and economic growth in selected ASEAN countries, namely, Malaysia, Thailand, and Indonesia. Economists widely discussed the interrelation of human capital and innovation. A large body of literature stated that human capital is an essential factor and engine of economic growth. Innovation has become key in transforming the economic development of developing countries. We analyze human capital (HC) and innovation capacity (INC) using static panel data analysis. The data analysis shows that the fixed-effect model is the best model in this study. Further, human capital (HC) has a significant positive relationship with economic growth. Meanwhile, innovation capacity has no significant relationship with economic growth. We also found that Malaysia's coefficient of human capital and innovation capacity is higher and more efficient than in Thailand and Indonesia. In conclusion, human capital and innovation capacity are crucial elements for measuring economic growth. Skilled human capital contributes significantly to the economic growth and economic development of a nation.

• Journal of Family Relations
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• v.20 no.4
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• pp.25-45
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• 2016

Objectives: The purpose of this study was to explore socio-demographic factors, personality factors, socio-psychological factors, and relationship factors related to happiness of young children's fathers. Method: Subjects of this study were fathers who had 3, 4 and 5 years old children attending childcare centers. Data were analyzed by SPSS 18.0 program. Results: First, father's subjective well-being was predicted by father's extraversion of personality, job satisfaction, satisfaction of economic status, marital intimacy, and relationship with child. Marital intimacy was the strongest predictor of father's subjective well-being. Second, father's global life satisfaction was associated with occupational status, family monthly income, father's extraversion of personality, satisfaction of economic status, marital intimacy, and relationship with child. Father's global life satisfaction was explained by satisfaction of economic status the most. Third, father's meaning of life was related to father's educational level, father's extraversion of personality, job satisfaction, satisfaction of economic status, marital intimacy, and relationship with child. Father's meaning of life was explained by relationship with child the most. Fourth, father's positive emotion was predicted by father's extraversion of personality, job satisfaction, satisfaction of economic status, marital intimacy, and relationship with child. Extraversion of personality was the strongest predictor for father's positive emotion. Fifth, neuroticism of personality and marital intimacy were related to father's negative emotion, and neuroticism of personality was the strongest predictor for father's negative emotion. Conclusions: The findings of this research provide the fundamental source for increasing father's happiness which can be used to establish the educational programs, counseling, and policy on general public's happiness.

• East Asian Economic Review
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• v.17 no.1
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• pp.55-79
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• 2013

The objective of this article is to explore the economic relationship between China and the surrounding dynamic Asian economies. It delves into China's influence over the Asian economies and whether this relationship is a market-led or de facto symbiosis. The three principal channels of regional integration analyzed in this article are trade, FDI and vertically integrated production networks. They are essentially based on the activities of the private-sector in these economies. China methodically expanded and deepened its economic ties with the regional neighbors. At the present juncture, China's integration with the surrounding Asia is deep. Another issue that this article explores is the so-called China "threat" or "fear" in Asia. It implies that China is crowding out exports of the other Asian economies in the world market place. Also, as China has become the most attractive FDI destination among the developing countries, it is apprehended that China is receiving FDI at the expense of the Asian economies. These concerns were examined by several empirical studies, and the inference is that they are exaggerated. This article concludes that the private-sector business activities in China and other rapidly growing Asian economies were (and are) instrumental in bringing together the production structures and real economies. The result is both convergence and integration among the dynamic Asian economies. Over the years China and its Asian neighbors has developed a close and symbiotic economic relationship and a de facto regional integration.

• Journal of the Korean Society of School Health
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• v.18 no.2
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• pp.63-71
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• 2005

Purpose： This study explores the relationship between the health behavior and knowledge of elementary school students and the socio-economic status of their parents. Methods： A self-administrated questionnaire was provided to 238 students and their parents living within Seoul metropolitan area. The questionnaires were administered during December 2003. The relationship betweensocio-economic status, health behavior (19 items) and health knowledge (15 items) were analyzed using correlation, t-test and one-way ANOVA. Multiple regression analyses were also performed in order to investigate the relationship between health behavior and socio-economic status. Results： The results of multiple regression demonstrated that the health behavior of children living in apartments was 2.29 higher ($\beta$=2.29) than those not living in apartments. Health behavior scores among students with highly educated mothers were 0.42 higher ($\beta$=0.42) than those for students with relatively uneducated mothers. These numbers represent statistically significant values. Conclusion： Since health behavior appears to be directly proportional to socio-economic status ofthe parent, active intervention may be required in order to improve the health behavior of children with poorly educated mothers and who live in independent or multi-household houses.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.21-27
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• 2021

The financial sector is one of the most important building blocks of the economy. When this sector efficiently implemented a well-crafted program on banking and financial system to translate financial activities to income-generating activity, economic growth will be realized. Hence, this study analyzed the effect of financial intermediation on economic growth and the existence of cointegrating relationship using time-series data from 1986 to 2015. The influence of financial intermediation in terms of bank credit to bank deposit ratio, private credit, and stock market capitalization and time trend to economic growth was estimated using ordinary least squares (OLS) multiple regression. The results showed that all the financial intermediation indicators and time trend exert significant effect on Gross Domestic Product (GDP) per capita. The positive sign of the time trend indicates that there is an upward trend in GDP per capita averaging approximately 0.06 percent annually. Furthermore, the cointegration test using the Johansen procedure revealed that there is a presence of long-term equilibrium relationship between financial intermediation and time trend and economic growth, and rules out spurious regression results. This study established the idea that financial intermediation in the Philippines has a significant and vital role in stimulating growth in the economy.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.79-90
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• 2021

This study aims to investigate the relationship between urbanization, economic growth, energy consumption, and CO2 emissions in Indonesia. The data used in the study are time-series data for the period 1985-2017; the data utilized are sourced from World Development Indicators obtained on the World Bank database. The method uses a quantitative approach that applies the vector error correction model based on the Granger causality test. The empirical results reveal that, in the short run, there is evidence that urbanization and energy consumption can causes CO2 emissions, and they also prove that urbanization can cause energy consumption. Also, other findings prove the existence of long-run relationships flowing from energy consumption, economic growth, and CO2 emissions toward urbanization, as well as the existence of the relationship flowing from urbanization, economic growth, and CO2 emissions towards energy consumption. The results of testing the relationship between economic growth and CO2 emissions reveal that the environmental Kuznets curve hypothesis is proven in Indonesia. Thus, policies are needed to limit the impact of urbanization through high awareness-raising to maintain environmental quality and greater use of energy. Also, energy conservation policies are needed in all sectors, especially the electricity, industry, and transportation sectors.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.191-200
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• 2020

This research paper examines the causal relationship between India's economic growth and sectoral contribution to Gross Domestic Product (GDP) and vice versa, in the short-run and long-run, over a 10 years time period. Johansen's method of cointegration is used to study the cointegration between the sectoral contributions to Indian GDP vis-à-vis India's economic growth. Further, the route of interconnection between economic growth and sectoral contribution is tested by using Vector Auto Regression (VAR) model. Special attention was given for investigating impulse responses of economic growth depending on the innovations in sectoral contribution using time-series data from 1960 to 2015. This paper highlighted a dynamic co-relationship among industrial sector contribution and agricultural sector contribution and economic development. In the long run, one percent change in industrial sector contribution causes an increase of 3.42 percent in the economic growth and an increase of 1.12 percent in the primary sector contribution, while in the short run industrial and service sector contributions showed significant impact on economic development and agriculture sector. The changing composition of sector contribution is going to be an important activity for the policymakers to monitor and control where the technology and integration of sectors play a significant role in economic development.