• Journal of Korea Port Economic Association
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• v.17 no.1
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• pp.53-72
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• 2001

This study focuses on analyzing the economic effects and probes the necessity of establishing a customs free zone at the Port of Busan. It first considers the economic effects of establishing a customs free zone at the Port of Busan, then suggests policy prescriptions for introducing and operating the free zone system and improving the logistics functions of the Port. The timeline of this study is focused on 2007, when all of Busan Port will operate as a customs free zone and the first stage of the New Busan Port and distribution parks will be built and opened for operation. The regression analysis, which was conducted using the inter-industry relations table(input-output table data), provided a quantitative prediction on the effects of making Busan Port into a customs free zone. Regarding the impact of a free zone system on the domestic and regional economy, this research found that the impact of a customs free zone on domestic industries and the regional economy once the customs free zone is established throughout all of Busan Port would be highly positive. The positive economic effects on the domestic and Busan regional economy might be further strengthened if the value-added logistics function of Busan Port could be supplemented by effective linking to the hinterlands.

• ETRI Journal
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• v.27 no.2
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• pp.206-218
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• 2005

We measure and compare externalities of IT and R&D capital stocks in different Korean industry sectors using inter-industry input-output tables of 1985, 1990, 1995 and 2000. We also compute the multiplier effects that relate to the directions of future economic effects. The key findings are as follows. First, we observed continuous capital deepening in all nine industries over the period of 1985 to 2000. Second, the backward multipliers of IT capital were the highest in the manufacturing industry. As for inter-industry externalities, the indirect backward multipliers, which exclude intra-industry backward multiplier effects within the industry, were also the highest in the manufacturing industry. Third, the forward multiplier effects of IT capital stock were the most substantial in the construction industry during the 1980s and in the manufacturing industry thereafter. Finally, using the transition multiplier matrix reflecting the backward effects of the two capitals in the past, the economic backward effects, especially the external economic effects, are predicted to increase through 2010 among all industries. The above findings suggest that, in order to maximize the forward and backward effects of the ever-increasing IT capital, we need to formulate an industry policy reducing the cost of capital accumulation in the manufacturing industry through improvement in productivity of the IT industry.

• Korean Journal of Social Welfare
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• v.62 no.1
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• pp.109-132
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• 2010

This study examined the effects of depression by household's economic factors with income levels using the wave 1, 2 of Korean Welfare Panel Study. As a result, changes in income satisfaction have significant effects on depression levels. In non-poor households, the income and comsumption expenditure have effects on depression levels. But poor households do not have any effects. Among the control variables, age, marital status, and education level are influential factors on the depression levels. Based on the results, the author was able to recognize the economic factors in household that influnce the depression levels. and The policy directios for household's economic support were discussed.

• Korea Trade Review
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• v.47 no.4
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• pp.125-135
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• 2022

This study is to analyze the economic effects of tariff reduction using computable general equilibrium(CGE) model. We set up the social accounting matrix for five-base equilibrium year. Our main findings are as follows. First, the impact of tariff reduction on GDP was different from time to time. It meas that the differentiated economics structure was affected by tariff reduction. As our economic grew up, the impact of tariff reduction was measured much higher. Second, until 1995 the impact of tariff reduction on total export and import was increased, then while 1995 the increase was dropped. This is because we reduced the tariff by the WTO negotiations. Third, the tariff reduction affected the price of imported goods, so it contributed to substitute effects between domestic and imported goods. According to these results, we found out the importance of the linkage between the tariff reduction and economic structure.

• Economic Analysis
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• v.17 no.4
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• pp.30-51
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• 2011

Since the previous studies on the effects of trade liberalization implicitly assume that trade liberalization affects economic performance only in any point in time, they inevitably are static. Static evaluations fail to account for cumulative dynamic effects of trade liberalization that affect continuously economic performance. This paper tries to fill this gap of the previous studies in this field, estimating cumulative effects of trade liberalization on economic performance by employing an dynamic version of empirical model. One of important empirical issue is controlling bias from endogeneity. To resolve this problem, this paper employes system GMM that uses lagged first-differences as instruments for level equations and lagged levels as instruments for first-differences equations. It improves upon cross-section estimators because it controls for the potential bias induced by the omission of industry-specific effects and the endogeneity of all regressors. This study investigates the effects of trade liberalization in Korean manufacturing for the period from 1988 to 2005 and finds that cumulative dynamic effects of trade liberalization are present and bigger than static effects.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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• 2005.11a
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• pp.173-178
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• 2005

Outdoor lighting is an important factor of the urban scape. As a night image of the city, outdoor lighting acts important roles. Cities of developed countries have already had there own night images. Regarding this, government encourages outdoor lighting of building by various ways to building owners. However, in present, owners of private buildings have not been up and coming about outdoor lighting more than those of public buildings in our country. From this point of view, this paper suggests a quantification method for economic effects of outdoor lighting and analyzes economic effects of outdoor lighting in advertising. A suggested measurement method of economic effects is difficult to measure all economic effects of outdoor lighting. Therefore, this measurement method limits the target to the private buildings.

• East Asian Economic Review
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• v.18 no.2
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• pp.143-161
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• 2014

This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more persistent in emerging economies than in liquidity recipient advanced economies. Moreover, global liquidity appreciates emerging economies' exchange rates more persistently than those of advanced economies. Lastly, while global liquidity expansion increases foreign portfolio investment inflows to Asian countries and liquidity recipient advanced economies, there is no evidence for Latin American countries.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.44 no.2
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• pp.189-194
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• 2016

This paper deals with the economic effects for the Surion(KUH-1) research and development program. The economic effects was measured by Inter-industry analysis method for production-inducing effects, value-added inducement effects, and job-creation effects and by estimating actual domestic input cost. In addition, technical riffle effects was analyzed for aerospace industry, defense industry and commercial industry market through similarity and contribution of technology.

• The Korean Journal of Health Service Management
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• v.7 no.3
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• pp.57-69
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• 2013

In these days, the interest on health industry is increasing around the world. This paper attempts to estimate the economic effects of the Cosmetic Industrydusing the Input-Output Analysis. Especially, 78*78 Sector Tables were used as the first analysis tool. So then, 79*79 Sector Tables adjusted were used for that industry. The main analysis tools of this study are comparing and analyzing backward and forward linkage effects, the induced effects of the self industry and other industries and the induced coefficients such as product, value-added, job and employment. According to the result of analysis, the cosmetic industry has great economic impacts which affects the major macroeconomic factors such as product, value added and backward linkage effect. And the induced effects of the self cosmetic industry are significant compared to other industries in aspects of product, value-added, and employment.

• Journal of the Economic Geographical Society of Korea
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• v.15 no.3
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• pp.390-403
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• 2012

Industrial parks have played a pivotal role in leading and sustaining economic and regional development in Korea. It is conventionally known that industrial parks induce a variety of effects in regional economy from a formation stage to an operational stage. Notwithstanding it is surprising that there is almost no literature on economic effects of the formation and operation of industrial parks. In this paper we attempt to measure economic effects of the formation of industrial parks in Gimhae, Sanmak (Yangsan) and Haman in Gyeongnam. The formation stage of industrial park is divided into a site renovation stage, a firm location stage and an operational stage. This research shows that economic effects of the formation of industrial parks can be different by the characteristics of individual industrial park. Particularly, the main sectors of industry to be located in an industrial park can be to a great extent influential for the effects of the new creation of industrial park on productive inducement and job creation.