• Title/Summary/Keyword: Economic efficiency index

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Efficiency of Marker Assisted Selection(MAS) over The Phenotypic Selection for Economic Traits in Economic Animals (경제동물의 주요 경제형질에 대한 표지인자를 이용한 선발(MAS)의 효율성)

  • Jeon, Gwang-Joo
    • Journal of Animal Science and Technology
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    • v.44 no.6
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    • pp.669-676
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    • 2002
  • The efficiency of marker assisted selection(MAS) over conventional selection index based sorely on phenotypic records was studied by deterministic simulation model. Parameter combination of heritability and amount of genetic variation due to the markers included in the index was employed. For the index with own phenotypic information vs. the index with own phenotypic plus marker information, the relative efficiency of MAS over the selection with phenotypic records was about 38% high when heritability was low(0.05). However, when heritability was high(50%), the relative efficiency of MAS was vary low and almost negligible. For more practical situation of selection index which included information on own, sire and dam, MAS was less effective than when selection criteria was only on own performance.

The path analysis of carbon emission reduction: A case study of the Silk Road Economic Belt

  • Kong, Yang;He, Weijun
    • Environmental Engineering Research
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    • v.25 no.1
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    • pp.71-79
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    • 2020
  • This paper uses super-efficiency DEA model and Malmquist index to evaluate the carbon emission efficiency (CEE) values of the nine western provinces along the "Silk Road Economic Belt" for the period from 2000 to 2015, and analyses the influencing factors of the CEE. The major findings of this study are the following: (1) the overall CEE of the nine western provinces is not high, and there are significant inter-provincial differences in the CEE. Meanwhile, the provinces with higher levels of economic development generally have higher CEE. (2) The annual total factor productivity (TFP) of the nine western provinces, which is mainly determined by technological change, is greater than 1. Moreover, the total average growth rate of the TFP is 15.5%. (3) The CEE of the nine western provinces is not spatially dependent. In addition, the urbanization, openness, use of energy-saving technologies and research and development (R&D) investment have a significant positive impact on the CEE values, while the industrial structure, foreign direct investment, fixed asset investment, government expenditure levels and energy structure have a significant negative impact on the CEE. Among them, R&D investment is the primary factor in promoting the development of CEE, and the government expenditure has the greatest negative impact on the CEE.

Development of Environmental Responsibility Index for the Manufacturing Industry by Emergy Analysis (Emergy 분석법에 의한 제조업의 환경친화성지수 개발)

  • Je, Yun Mi;Lee, Seong Mo
    • Journal of Environmental Science International
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    • v.13 no.4
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    • pp.349-357
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    • 2004
  • Emergy is a measure of the processes required to produce something expressed in units of the same energy form. Emergy based indices can provide insights into the thermodynamic efficiency of the process, the quality of its output, and the interaction between the process and its surrounding environment. However, in an industrial system, the inputs are mostly nonrenewable, renewable energy source is nearly zero, ultimate purpose is pursuit of profits in economic activity. In study, we present two indices based on emergy - EEE(Ecological Economic Efficiency) and ERI(Environmental Responsibility Index). The EEE is taken into account real value of product in market economy. The ERI is shown to be a function of the net yield of the economy, its ‘load’ on the environment and ecological economic efficiency. Manufacturing industry of Korea produced the 30% of total GDP in 2001. We applied these indices to manufacturing industry for environmental management and further sustainable industry. As a results, the highest ERI is 0.34 in recycling industries, the lowest ERI is 0.01 in coke, refined petroleum products which is dominated by ELR. The higher ERI, the more friendly to environment. The suggested indices help us understand relative contributions of various alternatives in company's production and consumption activity, and provide a tool of decision-making for the rearrangement of future industries. Furthermore, they contribute to environmental friendly operation and consumption.

A Comparative Study on FDI Attractiveness Index between Korea and the United States (한·미간 FDI 매력도 비교 연구)

  • Byung-Soo Ahn
    • Korea Trade Review
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    • v.46 no.2
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    • pp.141-160
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    • 2021
  • The scale of global FDI has been decreasing since 2016 due to the ongoing US-China trade dispute, the strengthening of FDI inflow screening regulations with concern over strategic technology leaks, and the spread of reshoring trends due to the reinforcement of national preferences. Eventually, the competition to attract FDI between countries is expected to become more intense. Therefore, in order to attract high-quality FDI for Korea that will contribute to the development of the national economy, it is pressing to evaluate and improve the domestic FDI attraction environment. This study aims to analyze which areas of Korea's economic and non-economic environments need improvement for gaining advantage amid the fierce competition to attract FDI between countries, by the relative comparison between Korea and the U.S., and based on the ranking indicated in key FDI attractiveness indices. As a result, improvement is needed in the following areas. First, according to IMD's "World Competitiveness Ranking 2020," Korea was inferior to the US in terms of business efficiency, productivity, finance and business legislation in terms of government efficiency. Second, according to INSEAD's "Global Talent Competitiveness Index 2020," Korea was inferior to the US in terms of internal openness, external openness, employability, lifelong learning, access to growth opportunity, and business and labor landscapes. Third, according to WEF's "Global Competitiveness Index 2019", Korea was inferior to the US in terms of product market, labor market, business dynamism and workforce skills.

An Efficiency Comparison of Container Terminals in Korea and China by Using Super Efficiency-DEA and Malmquist Productivity Index (Supper Efficiency DEA와 Malmquist 생산성 지수를 활용한 한·중 컨테이너터미널의 효율성 비교)

  • Zheng, Xue-Bin;Kim, Yul-Seong
    • Journal of Korea Port Economic Association
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    • v.32 no.3
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    • pp.1-20
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    • 2016
  • The objective of this study was to select world top 20 major container terminals that belong to Korea and China as comparison units to analyze their efficiency and productivity trend. Super Efficiency Data Envelopment Analysis(SE-DEA) and Malmquist Productivity Index(MPI) models were applied to this study. Compared with previous studies, we narrowed down the scope of the comparison units to terminals and conducted more detailed analysis to present more meaningful implications to the actual operation. The different result from existing studies, SE-DEA analysis implied that the major terminals of Busan New Port showed similar efficiency and productivity with China's terminals. In MPI analysis, the average index of Korean and China's terminals is 1.051 and 1.049. The analysis indicates that the productivity was improved 5.1% and 4.9% annually. From 2012 to 2015, the average terminal TCI index of South Korea and China were 1.032 and 1.0318-the main factor which influences MPI. This means improving productivity mainly rely on investment in new equipment and technology upgrades rather than improve operational efficiency over the past few years. Future management decisions should consider more aggressive marketing to increase the volume and improve operational efficiency to enhance productivity. Further research should apply the overall efficiency of the methodology considering the financial diversification, terminal capacity, service levels, and other factors.

An Application of Divisia Decomposition Analysis to the Measurement of Thermal Efficiency Improvement of Power Generation (화력발전소 효율개선 측정에 대한 디비지아분해기법의 적용)

  • Choi, Ki-Hong
    • Environmental and Resource Economics Review
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    • v.9 no.5
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    • pp.811-827
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    • 2000
  • Since improved thermal efficiency reduces capacity requirements and energy costs, electricity producers often treat thermal efficiency as a measure of management or economic performance. The conventional measure of the thermal efficiency of a fossil-fuel generation system is the ratio of total electricity generation to the simple sum of energy inputs. As a refined approach, we present a novel thermal efficiency measure using the concept of the Divisia index number. Application of this approach to the Korean power sector shows improvement of thermal efficiency of 1.1% per year during 1970-1998. This is higher than the 0.9% improvement per year given by the conventional method. The difference is attributable to the effect of fuel substitution. In the Divisia decomposition context, we also show the limitations of the popular $T{\ddot{o}}rnqvist$ index formula and the superiority of the Sato-Vartia formula.

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A Study on Efficiency and Productivity Analysis of Mokpo Port -DEA model and FCM combined analysis- (목포항의 효율성 및 생산성 분석에 관한 연구 -DEA모형과 FCM을 결합분석법-)

  • Kim, Sam-Youl;Choi, Kyoung-Hoon;Pham, Thi Quynh Mai
    • Journal of Korea Port Economic Association
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    • v.36 no.1
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    • pp.183-196
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    • 2020
  • Until now, there have been few studies analyzing the efficiency of the Port of Mokpo and comparing it with other seaports in the country to identify the future direction of development for the port. In this paper, we use the data envelopment analysis (DEA) model in combination with the Malmquist Productivity Index (MPI) to measure the efficiency and productivity of major ports in Korea, focusing on the Port of Mokpo. First, the study identifies which ports are efficient or inefficient based on technical or operational scale. Second, by using the MPI to overcome the shortfalls of the DEA model, the study can compare a port's performance across the years and evaluate the productivity of a port during the research period. Moreover, this study also applies fuzzy C-means (FCM) clustering to classify port groups based on the size of their infrastructure and their efficiency scores. Finally, it is possible to find ways to enhance the efficiency and future direction of development of the Port of Mokpo.

Evaluation of the COVID-19 Policies in OECD Countries (OECD 국가 코로나19 대응정책 효율성 분석)

  • Zhang, Weilong;Kim, Hyungjun;Song, Rhayun;Park, Myonghwa;Oh, Keunyeob
    • Health Policy and Management
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    • v.32 no.3
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    • pp.293-303
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    • 2022
  • Background: Coronavirus disease 2019 (COVID-19), which has occurred since the end of 2019, has caused tremendous damage not only in terms of disease and death but also in terms of economy. Accordingly, governments implemented health and quarantine policies to prevent the transmission and spread of COVID-19 and minimize economic effects, and implemented various countermeasures to reduce social and economic damage. However, the damage varies from country to country, and there are differences in the response of each government. Methods: Using 2020 data from the Organization for Economic Cooperation and Development countries, the effectiveness of governments' quarantine and economic policies in response to COVID-19 was calculated, and what factors determine the effectiveness were analyzed. While most of the previous studies analyzed the relationship between the government's quarantine policy and corona transmission and death, this study is characterized by considering the economic aspect in addition. Results: As a result of the analysis, the following results were obtained. First, when economic aspects are not considered, Asian and European countries have similar levels of efficiency, but when economic aspects are taken into account, Asian countries have higher efficiency. Second, population density had a negative effect on the efficiency of each country's policy, and long-term orientation was found to have an important impact when considering the economic aspect. Conclusion: We found that the governance index is an important variable influencing the efficiency, which shows that the effectiveness of government policies in response to the coronavirus depends heavily on the trust relationship between the government and the people.

Efficiency Analysis of Social Security Expenditure in 31 Provinces and Autonomous Regions in China

  • ZHOU, Lin-Lin;KIM, Hyung-Ho
    • East Asian Journal of Business Economics (EAJBE)
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    • v.9 no.2
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    • pp.1-10
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    • 2021
  • Purpose - The purpose of this study is to measure the efficiency of social security expenditure in 31 provinces, cities and autonomous regions in China and proposes corresponding improvement plans. Research design, data, and methodology - The data were obtained from the statistical yearbook of each province. The BCC and CCR models of DEA model and Malmquist index are used to analyze the efficiency, and the input-output index is expanded. Result - The results show that the social security performance of the Chinese government has improved on the whole despite the unbalanced development in different regions. Each region should look for strategies to improve the efficiency of social security according to its own problems. The study suggests that provinces affected by TCI should improve their internal environment, such as raising social security fund structure and strengthening fund supervision, to improve efficiency. Areas affected by TECI need to be more responsive to policy, socio-economic and technological development. Conclusion - The research conclusion can provide reference for Chinese provinces to improve the efficiency of social security expenditure in the future. This study is not comprehensive enough in the selection of input-output indicators, which can be further expanded in the future.

A Measurement Way of Seaport Efficiency and Ranking Using Fuzzy DEA: Average Index Transformation Model Approach (퍼지DEA에 의한 항만의 효율성 및 순위 측정방법: 평균지수변환모형 접근)

  • Park, Ro-Kyung
    • Journal of Korea Port Economic Association
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    • v.26 no.2
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    • pp.82-98
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    • 2010
  • The purpose of this paper is to suggest the efficiency measurement way of Korean seaport by using Average Index Transformation model of fuzzy DEA(Data Envelopment Analysis). Two inputs[cargo handling capacity, and berthing capacity], and outputs[cargo handling amount, and the number of ship calls] are used in 1995 and 2004 for 26 Korean seaports. Empirical main results are as follows: First, Tongyung, Gohyun, Okpo, and Sogcho Ports are efficient, and Yeasu Port shows the high efficiency level over 95% under input oriented CCR model. Gohyun and Sogcho Ports showed the most efficient score under average index transformation model. Okpo and Yeasu Ports increased their efficiency scores as the lamda(λ) values are up. The empirical results of fuzzy DEA average index transformation model for Wando, Yeasu, and Seoguipo ports showed that if the lamda values are higher, the efficiency scores are also higher. The main policy implication based on the findings of this study is that the management manager of Ministry of Land, Transport and Maritime Affairs in Korea should introduce the fuzzy DEA average index transformation model for deciding the size of inputs including the port investment amount and evaluating the port efficiency.