• Title/Summary/Keyword: Economic effects

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The Effects of Economic Responsibility and Philanthropic Responsibility on the Anti-Corporate Sentiments (경제적 책임과 자선적 책임에 대한 인식이 반기업 정서에 미치는 영향)

  • Hanjoon Lee;Jongchul Park
    • Asia Marketing Journal
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    • v.12 no.3
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    • pp.63-79
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    • 2010
  • This research examined (1) the effects of the large scaled corporations' performances in the area of corporate economic responsibilities and corporate philanthropic responsibilities on the anti-corporate sentiments and (2) the effects of the anti-corporate sentiments on the consumers' evaluations of the large scaled corporations. The results of path analysis revealed that the corporate performances in philanthropic responsibilities had a negative effect on the anti-corporate sentiments as expected. However, different from the expectation, the corporate performances in economic responsibilities had a positive influence on the anti-corporate sentiments. This unexpected relationship between economic responsibilities and anti-corporate sentiments might be caused by the Korean consumers' perceptions that the more the large scaled corporations conducted their business activities illegally and unethically, that the more they achieved the various economic responsibilities. The anti-corporate sentiments showed the negative effects on the consumers' evaluations of the large scaled corporations.

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The Effects of Economic Education based on Traditional Fairy Tales on Preschooler's Concept of Economics and Numbers (전래동화에 기초한 경제 교육이 유아의 경제 개념과 수 개념에 미치는 효과)

  • Kim, Hye-Jin;Kim, Hye-Soon
    • Korean Journal of Human Ecology
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    • v.20 no.3
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    • pp.545-560
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    • 2011
  • The purpose of this study was to examine the effects of traditional fairy tales on the basic understanding of economics and numbers for 4 year old preschoolers. The subjects were 20 children at one education center located in Seoul: Among them, 10 were in the experimental group and 10 were in the control group, based on random selection. The program for economic education was conducted for eight weeks; two times each week for the experimental group, while a general curriculum was conducted with several traditional fairy tale books related to economic education were given to the control group. The preschoolers' basic understanding of economics and numbers was examined using the scales of Park(2008) and Choi(2003). Collected data was analyzed by t-test and ANCOVA using SPSS 17.0 program. The results were as follows: there were significant differences in the understanding of economics and numbers according to economic education based on traditional fairy tales respectively. In conclusion, it is necessary to conduct a scientific study in order to develop an economic education program. Also, various activities were discussed to use the economic program for preschoolers.

The Effects of Social Capital on the Economic Satisfaction of Korean Retirees (은퇴자의 경제적 만족도에 대한 사회자본의 효과)

  • Jang, Youn-Ju;Seo, Ji-Won
    • Journal of Family Resource Management and Policy Review
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    • v.15 no.1
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    • pp.29-49
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    • 2011
  • Social capital theory provides a robust framework for analyzing economic well being. The purpose of this study was to investigate the effects of social capital on the economic satisfaction of retirees in Korea. The data from the first wave of KLoSA(Korean Longitudinal Study of Aging) were used(n=1,628). SPSS 12.0 was used for descriptive statistics and multiple regression analysis. The major findings were as follows: First, after controlling for gender, age, region, housing tenure, and personal income, the social capital of the retirees, including cognitive social capital(trust and reciprocity) and structural social capital(emotional and economic familial support, and a well-developed social network), contributes to increases in their economic well-being. Second, the degree of effect social capital has on well-being varied by gender and age; the effect was also different according to gender, regardless of the person's age. These empirical results provide a basis for the institution of policies that help bolster economic wellbeing for retirees by creating conditions that increase social capital in this group.

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An Empirical Study on the Export and Import Effects of Foreign Direct Investment on the Blue Economic Zone of the Shandong Peninsula in China

  • Lee, Sung-Joon;Zhai, Shuai
    • Journal of Distribution Science
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    • v.11 no.1
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    • pp.15-23
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    • 2013
  • Purpose - During a reform period lasting 30 years, the Blue Economic Zone (BEZ) in the Shandong Peninsula has made progress in attracting foreign investment, and has acquired the foreign direct investment (FDI) essential for economic growth. It is therefore important to conduct a proactive and systematic study of FDI in the BEZ. Research design, data, methodology - This dissertation discusses the contribution of FDI on economic growth, from both a theoretical and empirical perspective. Taking seven core cities for study, statistics and econometrics are used, and panel data are used to validate FDI contribution to import and export in the BEZ. Results- FDI was found to exert both positive and negative influences on the imports and exports of the BEZ. In other words, the research findings are consistent with Trade Generated and Inverse Trade Generated theories put forward by Kojima and Mundell, among other researchers mentioned earlier in this paper. Further, FDI has greatly increased imports and exports for the BEZ. Conclusions - According to the results of this empirical study on local investment environment optimization, FDI plays an important role in foreign trade. This dissertation puts forward recommendations on using FDI to better promote economic growth in the BEZ.

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A Economic Effects of Fish Seed Release (수산종묘방류사업의 경제성 평가)

  • Hwang Jin-Wook;Lee Kwon-Hyuk;Jeong Dal-Sang;Kim Kwang-Soo
    • The Journal of Fisheries Business Administration
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    • v.36 no.1 s.67
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    • pp.121-138
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    • 2005
  • This study was conducted to investigate the economic effect of the release of seed flounder to the central area of the West Sea, which was analyzed into both direct and indirect effects. The results showed that based on the data collected from partial area, the economic effect of flounder seed release reached 6.97 times, average catch proportion was 32.27$\%$, and recapture rate was 11.26$\%$, suggesting that economic effect was very high. In addition, it was observed that the recapture rate was greatly higher than 2.05$\%$, that of Break-Even-Point. It was noted that the increased catch by the release of seed flounder resulted in the increase in commission of sales and the increase in sports fishing. Another economic effect observed were diverse including the increase in income of fishing village, elevated spirit to proper management of fisheries resources, maintaining of willingness to live in fishing village through activation of local fishing village, prevention of illegal fishing including capture of juvenile fish, and the increase in the supply of sea food of high quality. It is emphasized that although the investigation was conducted in the same area, the results will vary by size at release, time at release and other factors. Finally, there is a need to expand species and area of study for more active economic analysis incorporating natural sciences.

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Evaluation of Economic Effects of Agricultural Drought Using CGE Model - Focus on Rice Productivity - (CGE 모형을 활용한 농업 가뭄의 직간접적 파급효과 계측 - 쌀 생산성을 중심으로 -)

  • Kim, Hyeon-Woong;Sung, Jae-Hoon
    • Journal of Korean Society of Rural Planning
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    • v.28 no.4
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    • pp.93-104
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    • 2022
  • Agriculture is one of the most vulnerable sector to droughts, and drought damage on the agriculture sector could have effects on other sector. Droughts have different characteristics compared to other extreme events, which means more sophisticated methods considering the characteristics of droughts are required when measuring their damage. The purpose of this study is to analyze the damage of droughts based on limited computational general equilibrium model. To be specific, we constructed a CGE model focusing on the agriculture sector in Korea. Also, to limit changes in land use and labor, we limited them, and assume droughts only have effects on productivity of value-added. Lastly, we simulate drought effects on rice production in Korea based on several climate scenarios and GCM to identify the economic effects of droughts. The results show that 1) the cumulated damage of droughts during 2021~2040 is higher than other periods (2040~2061, 2081~2100), 2) the correlation between the damage of droughts and SSP scenarios is insignificant. This result implies the necessity of the effective drought risk management to prevent future droughts effects, irrespective of mitigation policies. 3) Due to increases in rice price, GDP of rice sector is increased. However, GDP of the other sector and consumer welfare are decreased. This result show that indirect effects of droughts would be more important when measuring drought effects on agriculture sector.

The Formative Factors and the Economic Effects of the Basic Job Skills in Korea (한국사회의 직업기초능력의 결정 요인 및 경제적 성과)

  • Kim, Ahn Kook
    • Journal of Labour Economics
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    • v.30 no.1
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    • pp.85-108
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    • 2007
  • This article analyzes the formative factors of the basic job skills(also the ability of computer using) and the economic effects of the basic job skills in Korea. This article uses the ALL(Adult Literacy and Life Skills) 2005 data in Korea. The factors which form the basic job skills are school years, father's education. Women are under men in the ability of computer using. The older a man grow, the more basic job skills he has, but the less ability of computer using he has. The employees in office worker or new service industry have more using computer ability than them in sales worker or manufacture industry. The wage effects of the basic job skills are insignificant, and the economic effects of basic job skills appear apparently in the entry into the good jobs. As the basic job skills can play a important role to enter into the good jobs, the policy agenda should make deal with the methods and programs through which the people without basic job skills must have the opportunities to get a lifelong learning for the basic job skills.

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A Study on Socio-economic Investment Effects of Ginger Storage in Artificial Caves (In the Case of Seochun Districts in Chungnam Province) (토굴을 이용한 생강저장의 사회 경제적 투자효과 분석 - 서산지역을 중심으로 -)

  • Lee, Mu Won;Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.25 no.2
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    • pp.310-320
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    • 1998
  • This study is aimed at identifying the socio-economic effects of storage of ginger in artificial caves. The gingers stored in artificial caves in Seochun, 12 sampled areas, were surveyed to get information on the socio-economic effects. The surveyed data were processed by TSP, Qbasic and B/C Ratio computer programs and analyzed the decision making criteria such as B/C ratio, NPV and IRR. The socio-economic effects of the storages of the gingers are as follows. 1. The storage benefits per ton was showed as 184,050won. 2. Considering 10% of the opportunity cost of capital, the uper limits of investments for the cave storages was analyzed as 6,784 thousand won for ginger. 3. The investment of the natural cave storages was revealed economically feasible considering the decision making criteria as B/C ratio = 1.33, NPV = 35.059 thousand won and IRR = more than 100%. The other socio-economic effects of the ginger storages was expected as ; 1. The cave storages will contribute to increase consumer's and producer's welfare through the control of supply and demand and price stability. 2. Long-term storage of ginger without damaging quality and grades will be made on account of the storage conditions as relatively low temperature, high humidity and indifferent affects from the outside climate. 3. Utilization of the underground space, the caves, for storage will maximize the land use and the sustainable environment considering the mountainous area, two third of the total national land area. 4. Construction costs of the underground storage facilities as caves are cheaper than the ground storage facilities by 15 to 20% in general. In conclusion, the underground space like natural and artificial caves are considered the most suitable for storage of ginger on account of the storage conditions as temperature, humidity and blocking the sun light. Accordingly a study on convenient utilization of new development of artificial caves should be made considering transportation and input-output of the farms. Financial support of the government should be institutionally rearranged for the successful implementation of storing farm products like ginger in natural and man-made caves.

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An Analysis of Economic Effects on the ICT based New Growth Engine Industry - Based on Technology Rating System - (ICT기반 신성장동력 산업의 경제적 파급효과 분석 - 기술평가모형을 기반으로 -)

  • Park, Joo Yeon;Sung, Chang Soo;Park, Myung Il;Sung, Hyung Suk
    • Management & Information Systems Review
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    • v.36 no.2
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    • pp.93-111
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    • 2017
  • This study aims to examine economic effects and success factors of ICT based growth engine industry for forth generation industrial revolution. KTRS(kibo Technology Rating System) provided by KIBO is used for an analysis of this study. Specifically, the economic effects of growth engine industy are classified with financial(productivity, growth rate, etc) and non-financial(R&D investment and employment) effects. Moreover, the impacts of KTRS factors including CEO capability, technology ability, commercialization and marketability on the economic effects are investigated. The result of this study would raise management issues on technology innovation and provide implications on industrial policies for ICT based growth engine industry.

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The Impact of Income Inequality on Economic Growth: Empirical Evidence from Vietnam

  • HIEN, Luong Quang
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.305-312
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    • 2022
  • Each country's economic progress creates opportunities for its citizens to raise their income. Meanwhile, the country has secured the people's social security policies, particularly the protection of income equality, to promote harmonious and sustained economic development. Vietnam has been located in a dynamic economic development area in Southeast Asia since the 1986 economic reforms, with an annual growth rate of around 7%. Meanwhile, having achieved a middle-income status of roughly 3500 USD per person per year, Vietnam is attempting to maintain income equality and access to welfare systems for its inhabitants. As a result, the primary goal of this study is to use an autoregressive distributed lagged model to investigate the effects of income inequality and other economic factors such as foreign direct investment and trade openness on Vietnam's economic growth from 1992 to 2019. The research focuses attention on literature on income inequality, economic development indicators, and economic development in unique ways in this study. Income inequality slows the rate of change in economic development in the same year, according to our findings. Finally, the study will make policy suggestions to the Vietnamese government.