• Title/Summary/Keyword: Economic Ripple Effects

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A Study on the Economic Feasibility of Developing Daisy Book Based Reading Assistive Device for People with Disabilities (장애인을 위한 데이지 도서 기반 독서보조기기 개발의 경제적 타당성 연구)

  • Lim, Soon-Bum;Park, Joo Hyun;Lee, Jong Woo;Yook, Juhye
    • Journal of rehabilitation welfare engineering & assistive technology
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    • v.11 no.4
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    • pp.279-285
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    • 2017
  • In this study, feasibility analysis was performed by estimating the costs and effects of daisy reading auxiliary machine development project. The development cost of a Daisy player device, hardware/prototype and software, with only essential functions and with low price was estimated to be \307,101,664, and the production cost for a player was calculated to be \112,000. The development of Daisy viewer software and input/output assistive devices, application, was estimated to be \284,294,08, and an input/output device was set a price of \6,600. Based on these results, we looked at the economic ripple effects on the people with disabilities by promoting daisy - reading assistive device development project. The results of this study could be used to determine whether the project is to proceed. It is expected that it provides valuable information to actively cope with the changing business environment in the future.

The Effect of Demographic Changes on the Growth Potential of Korea (인구구조 변화가 성장 잠재력에 미치는 영향)

  • Joo, Sangyeong;Hyun, Jun Seog
    • Analyses & Alternatives
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    • v.4 no.2
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    • pp.71-102
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    • 2020
  • This study analyzes the effect of demographic changes on economic growth. We use the supply-side output identity to forecast the growth potential of the Korean economy. According to the results, even based on optimistic assumptions and prospects, the economic growth rate is likely to fall drastically starting in 2020. Of course, to maintain growth potential, efforts to increase productivity are necessary. However, given the historical experience of developed countries, it is not clear whether the huge trend of demographic change can be offset by efforts to increase productivity. In the so-called '30-50 club' countries, both labor productivity and growth rate tend to fall after reaching the per capita income of $30,000. The degree of decline in the growth rate is closely related to changes in the working age population and the prime-age workforce. The results are similar when tracking the path of changes in total factor productivities of the economy. When a certain level of income is reached, the increase in total factor productivity also tends to slow down. The ripple effects of rapid changes in demographics will indeed be extensive. The negative impact is likely to be concentrated at a time when the working age population, the prime-age workforce, and the total population shrink simultaneously. Above all, it is necessary to use the government's fiscal space to block the possibility of a rapid fall in the growth rate. In addition, it is important to continuously implement various reform tasks that should be promoted, such as improving the education system and strengthening the social safety net.

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A Study on Road Transport Network And Economy effect in Korea: Application of SNA and Spatial Panel Regression (국내 지역별 도로운송네트워크가 지역경제에 미치는 영향: SNA 및 공간패널회귀모형의 적용)

  • Jin-Ho Oh;Jae-Seon Ahn;Zhen Wu
    • Korea Trade Review
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    • v.47 no.2
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    • pp.175-193
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    • 2022
  • This study analyzes the effects of road transportation networks on the local economy in korea. The analysis methods are SNA and spatial panel regression model. The subjects of this study are inland areas of Korea, and the research period is from 2010 to 2019. The network analysis showed that the connection centrality of Gyeongg-do was high internally and externally. Gyeonggi-do has played a central role in the domestic road freight transportation industry. The results of spatial panel regression analysis showed that there was economic competition between regions. Domestic road transportation industry has been competitive among regions and has economic ripple effect. And Internal cargo has been shown to boost the economy of the region. But internal cargo has been shown to lower the economy of surrounding regions, but external cargo has been shown to increase the economy. In order to revitalize the local economy, it is necessary to increase road cargo.

A cross - sectional analysis of scientific and technological performance for the railroad R&D (철도 R&D의 과학기술적 성과에 대한 횡단면 분석)

  • Park, Man-Soo;Bang, Yoon-Seok;Kwon, Yong-Jang;Moon, Dae-Seop;Lee, Hi-Sung
    • Proceedings of the KSR Conference
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    • 2011.05a
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    • pp.1582-1590
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    • 2011
  • An analysis of the railroad industry for R&D investments has been insufficient whereas there are lots of analysis of accumulation of technology, economic performances and ripple effects for macroscopic view and other industry of R&D investments. This study decided intellectual rights, patent, and paper as common indicators of scientific and technological performances for setting up performance targets through surveying and analysis of preceding study and verified a appropriateness of scientific and technological performances for railroad R&D 11 projects which were successfully finished. Preceding study has been set up performance targets by research investments as input, but this study made a performance target by model through a cross-sectional and residual analysis of performances of railroad R&D 11 Projects in applying research investments, capital investments, inner labor cost and inner labor cost per man and research time as inputs, and verified a validity and a empirical analysis through analysis of other project.

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Application of Utility Theory for Asset Management of Deteriorated Infrastructure (노후인프라 자산관리를 위한 효용이론 적용 방안)

  • Cha, Yongwoon;Park, Wonyoung;Park, Taeil
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.05a
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    • pp.311-312
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    • 2021
  • As the number of deteriorated infrastructures increases, research on decision-making methods for efficient budget allocation is required. Thus, this study considered the application of utility theory for asset management of deteriorated infrastructure. In decision-making, methods that enable quantitative measurement were proposed, attributing the aging, economic feasibility, and ripple effects. This study is meaningful as a basic study of decision-making methods, and we will conduct research applied to case studies in the future.

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A Critical Review on Japan's Offshore Wind Bidding System (일본의 해상풍력 입찰제도에 관한 비판적 고찰)

  • Son Bumsuk
    • New & Renewable Energy
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    • v.20 no.1
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    • pp.70-77
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    • 2024
  • This study examines the issues regarding the selection competition process of offshore wind power operators conducted in Japan in 2020. It also explores the implications of the findings on the legal system of Korea for the introduction of offshore wind power in the future. Drawing on Japan's example, Korea must reconsider the importance of the price aspect when introducing offshore wind power and adopt policies that prioritize balanced industrial development and focus on regional and domestic economic ripple effects.

The Impact of Korean Wave on the Distribution of Consumer Goods Exports

  • KIM, Hun;KIM, Hyeob;CHANG, Byeng-Hee;PARK, Jiseob
    • Journal of Distribution Science
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    • v.19 no.4
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    • pp.37-51
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    • 2021
  • Purpose: The purpose of this study is to provide a basis for establishing a policy to promote the export of Korean goods through the economic ripple effect of the Korean Wave. From 2001 to 2017, cultural goods exports and consumer goods exports data to 102 countries were used to estimate the effect of cultural goods exports on domestic consumer goods exports. Research design, data and methodology: Based on the Gravity Model, we analyzed the effects of domestic film, publishing, music, broadcasting, clothing, cosmetics, processed food, IT products, and automobiles on the export of consumer goods. Results: The empirical analysis estimated the trade creation effect of exports of cultural products driving exports of consumer goods and found that a 1% increase in exports of cultural products increased 0.136% in exports of consumer goods. Conclusions: The average rate of change in consumer goods exports due to changes in cultural product exports was 22.44, which could be interpreted as an increase of $2,244 in exports of consumer goods such as IT products, cosmetics, clothing, and processed foods. According to the analysis of export-driven effects of each consumer item by dividing cultural products by sector, the effects of export of processed foods, clothing, cosmetics, IT products, and film, music, publishing exports were statistically significant.

The Analysis of Economic Effects of School Foodservice using the Input-Output Analysis -A Case of Elementary School Foodservice at Naju City, Cheonnam Province- (산업연관분석을 이용한 학교급식의 경제적 파급효과 분석 -전라남도 나주시 초등학교 급식사례를 중심으로-)

  • Hong, Kyung-Wan;Kim, Hyeon-Cheol;Lee, Jung-Tak
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.10
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    • pp.3747-3755
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    • 2010
  • School foodservice in the business opportunities could be magnified as the university and the general enterprise as well as elementary, middle, and high school. Therefore school foodservice creates commercially profitable and would go on its investment in social welfare service field as well as create new jobs. By using local food materials, school foodservice has economic effect on the society. This paper examines current state and related cases of school foodservices to discuss ways to vitalize school foodservice system. The study also examines the economic effect on consumers, producers and whole society. Especially, to test a ripple effect on the entire economy, input-output analysis has been used in the study.

Analysis of Economic Effect of Accuracy Improvement in Location Based Services (개인위치정보 측위 고도화 정책의 경제적 파급효과 분석)

  • Park, Sung-Ki;Song, Jae-Do;Lee, Byung-Heon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.6 no.4
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    • pp.173-194
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    • 2011
  • This paper analyzes quantitative economic effect of accuracy improvement in location based services. This analysis is motivated from the situation that Korea Communications Commission is preparing the notification for 'location accuracy standard.' The analysis includes three level of impacts. Firm level analyzes the impact on revenue of firms. Social level additionally includes consumers' surplus in LBS industry. Lastly, economywide level includes ripple effects to another industries, which uses input-output analysis. The result of analysis shows that the economic value reaches to considerable amount and cost-benefit ratio is considerably high. The consumers' surplus is much larger than revenue increase. This result supports the intuition that many of location based services are for public interest and that the services have much externalities among firms and consumers. This means that the role of government is very important in the execution of accuracy improvement.

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Analysis of the Economic Ripple Effect of New Financial Input in the National Assembly FM Radio (국회 FM 라디오의 신규 재정 투입에 따른 경제적 파급 효과 분석)

  • Park, Sungmin
    • Journal of Broadcast Engineering
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    • v.26 no.5
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    • pp.575-582
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    • 2021
  • This study would analyze the economic impact of the new financial input to the National Assembly FM Radio. Recently, with the 4th industrial revolution and the change in the new media paradigm, there are changes into multi-media and multi-channels, such as mobile, Internet, and OTT, etc. Reflecting these changing internal and external conditions, National Assembly Television, too, should introduce FM radio broadcasting so that the viewers can use the public services without spatial and temporal constraints. Thus, this study would conduct an analysis, estimating the budget required for investing the new government funding in the National Assembly FM Radio. As for the main analysis results, the coefficient of production inducement was 1.661; that of added value, 1.141; and that of employment inducement, 7.1. In the capital district, the effect on production inducement was 6.928 billion won; that on added value inducement, 4.758 billion won; and that on employment inducement, 28.4 persons. In addition, in the whole country, the effect on production inducement was 13.257 billion won; that on added value inducement, 9.106 billion won; and that on employment inducement, 49.7 persons.