• Title/Summary/Keyword: Economic factor

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Study on Contribution Rate of Essential Factor Market of Insurance Development to Economic Growth: Demonstration Analysis based on Chongqing in China

  • Shen, Haicheng
    • Asian Journal of Business Environment
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    • v.2 no.2
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    • pp.27-33
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    • 2012
  • Purpose - The article studies aims to construct the center of economy in the upriver area of Chang Jiang, and has realistic significance probing into the contribution of insurance essential factor market to economic development on the contribution role of essential factor market of insurance in financial industry development to economic growth in Chongqing in both aspects of direct and indirect contribution by the way of demonstration analysis. Research data and methodology - The data are from Statistic Yearbook in Chongqing in 1997-2008.The conclusion shows that essential factor market of insurance development falls behind of economic growth in direct aspect; BBD, BLD and FIR could pull economic growth, but ID just restrain economic growth in Chongqing. Results -The estimate coefficient sigh of BDD, BLD, FIR are plus but ID is not, it is to say the increase of bank deposit dump could impel economic growth, which is accord with general thought. Conclusions - At last, the article Having Studied on the contribution role of essential factor market of insurance in financial industry development to economic growth in Chongqing by the way of demonstration analysis.

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Analysis on Reduction Effect Factors of Occupational Accident Fatalities in Construction Industry - Focusing on Economic and Workforce Factors - (건설업의 산업재해 사고사망자 감소 영향요인 분석 - 경제적 요인 및 노동력 요인을 중심으로 -)

  • Song, Byungchoon;Won, Jeong-Hun
    • Journal of the Korean Society of Safety
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    • v.35 no.2
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    • pp.55-60
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    • 2020
  • The purpose of this study is to analyze the influence of the economic and workforce factors on the annual number of occupational accident fatalities occurring at the construction sites. The considered variables of the economic factor are the amount of economic losses caused by industrial accidents, the GDP, and the total monthly wage for each economically active population. And, the variables related to the workforce factor are the number of economically active population, the number of female economically active population, and the number of labor union members. The multiple regression analysis was conducted to determine the effect of two factors on the total number of occupational fatalities in the construction industry. The results show that GDP among considered variables in the economic factor had a statistically significant negative relationship with the number of the construction accident fatalities in the construction industry. Among variables related to the workforce factor, economically active population showed a statistically significant negative relationship with the number of the construction accident fatalities.

The Effects of Creative Climate on the Regional Economic Growth and the Total Factor Productivity of Korean Finns -A Panel Study of Electric and Electronic Finns of the Industrial Complex- (창의성 여건이 지역경제 성장과 기업 생산성에 미치는 영향 연구 - 한국산업공단내 전기.전자기업을 중심으로 -)

  • Gheem, In-Choll;Han, Jae-Myung
    • International Commerce and Information Review
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    • v.12 no.4
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    • pp.67-109
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    • 2010
  • The theory of creative class has shown that the creative people are the key factor of success in regional economic growth. The creative people strengthen the economic competitiveness which is crucial to attract, cultivate and mobilize the resources of that region. In order to examine the theory of creative class for regional economic growth and firm productivity in Korea, this study uses the panel data of 492 Korean firms of the industrial complex producing electic and electronic manufactured goods. They are grouped into 10 industrial complexes among 16 metropolitan areas. Our findings demonstrate that creative class and 3Ts are related to the ratio of creative population density and the regional economic growth. Specifically the creative core class is of more significance to the regional economic growth than the creative professional class or the creative artist class. In our findings the panel analysis of random effects model shows that the talent index of 3Ts as well as the regional climates arc related to the individual firm's total factor productivity. This also reflects a conglomeration of the other regional climates statistically. On the other hand, the research and development expenditure of individual firms shows positive influence for each second consecutive year for the total factor productivity. Sales volume also contributes to the total factor productivity. In conclusion, we recommend that it is important to upgrade the level of creative climates by attracting the creative minds and R&D investment of the enterprises for regional economic growth and firm's total factor productivity.

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The Relationship Between Colonial Experience and Economic Growth in Latin America (라틴아메리카의 식민경험과 경제성장의 상관관계)

  • Yi, Sang-Hyun
    • Iberoamérica
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    • v.12 no.1
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    • pp.241-265
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    • 2010
  • The main purpose of this study is to reveal the historical origins of Latin American economic underdevelopment, by answering two research questions; 1)'Why is Latin America underdeveloped?' and 2)'How has colonial experience impacted on the economic growth in Latin America?' First, this essay analyzes long-term tendency of growth domestic product(GDP) per capita data. The data verify that current underdevelopment of Latin American economy is the result of economic stagnation during the eighteenth and nineteenth centuries, when Latin America suffered political and economic instability before and after the independence from Spain and Portugal. It elucidates that colonial experience affected on the economic growth in Latin America. Second, this essay reviews key independent variables of the relationship between colonial experience and economic growth in Latin America. To do so, the study categorizes extant literature into two groups according to the type of its independent variables: 1)internal factor and 2)external factor. Finally, the essay surveys the role of institutions in Latin American economic growth and development. The survey confirms that the importance of institutions in the study of Latin American economic history. In addition, the essay suggests some tasks for further research in Latin American economic history; 1)the construction of basic economic data, 2)the substantialization of the role and characteristics of institutions, and 3)the expansion of research on institutions which overcomes ideological rigidity of existing institutional approach.

Undergraduate Students' Coping Behavior in Meal Management with Korean Economic Crisis in 1997 (대학생의 IMF 경제위기를 대응하기 위한 식생활대처행동)

  • Seo, Jeong-Hee;Hong, Soon-Myung
    • Journal of the Korean Society of Food Culture
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    • v.14 no.4
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    • pp.353-360
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    • 1999
  • This paper was developed to determine the university students' coping behavior pattern in meal management with Korean economic crisis in 1997. The data was collected from 544 university students in Ulsan areas. The coping behavior consisted of 26 items which were categorized into 4 factors; (factors were named as related to): 'decrease of intakes factor' ,: 'change to the cheaper choices factor' ,: 'increase of meals at home factor' and 'emphases on quantity sacrificing the quality factor'. Socio-economic variables affected differently the coping behavior in meal management and 4 sub factors. The amount of discretionary expenditure, the status of housing, the monthly household income and gender affected the coping behavior in meal management. The amount of discretionary expenditure and the monthly household income affected the decrease of intakes factor and the change to the cheaper choices factor. The amount of discretionary expenditure and gender affected the increase of meals at home factor and the emphases on quantity sacrificing the quality factor.

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Korea Reunification and Factor Movement : The Policy for Interregional Balanced Economic Growth (남북통일과 지역균형개발정책)

  • 김홍배;임재영
    • Journal of the Korean Regional Science Association
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    • v.14 no.1
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    • pp.47-64
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    • 1998
  • This paper attempts to forecast regional economic changes and to analyze government polices for interregional balanced economic growth in case of Korea Reunification. It begins with be reunified at the year 2010. The model is largely neoclassical. Since the future of North Korea is unclear, two possible scenarios are presented. The paper projects economic growth of regions, specifically forecasting growth of regions, specifically forecasting GRDP, the number of migrants and the quantity of moving capital. The results obtained show that spatially unbalanced economic growth will take place in the reunified Korea through factor movement. Two polices including public capital provision policy and income subsidy policy are thus suggested and analyed.

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Assessing the Differences in Korean View on National Economic Policy with Factor and Cluster Analysis

  • Kim, Hee-Jae;Yun, Young-Jun
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.2
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    • pp.451-461
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    • 2008
  • In this study, factor and cluster analysis have been conducted to group the differences in Korean view on national economic policy in the sample of the 2006 Korean General Social Survey (KGSS). According to the 2006 KGSS, the 6 items with a 5-point Likert scale include the questions about whether or the extent to which each respondent supports the specific types of governmental economic policy. In our study, at first, the factor analysis has converted the original 6 items into the 3 composite variables that account for 81% in the total variability. As the second step of factor analysis, factor scores have been computed. Then, the K-means cluster analysis based on the factor scores has been conducted to group the survey respondents into the 3 clusters. In particular, the cross-tabulation analysis has shown that the distribution of the 3 clusters varies with the respondents' socio-demographic characteristics.

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Estimation of K-factor according to Road Type and Economic Evaluation on National Highway (일반국도의 도로 유형별 설계시간계수 산정 및 경제성 평가)

  • Kim, Tae-woon;Oh, Ju-sam
    • The Journal of the Korea Contents Association
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    • v.15 no.11
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    • pp.582-590
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    • 2015
  • Road type classification and K-factors are important role when design of number of lane. In this study not only classifies road type and estimating of K-factor but also economic evaluation tries for feasibility verification. Road type analysis results, time of day traffic volume variation, weekend-factor and vacation-factor are large in recreation roads. Weekday traffic volume and weekend traffic volume are similar patterns in provincial roads. AADT is high and time of day traffic volume variation is small in urban roads. In this study compares with economic analysis that designing of number of lane between KHCM's K-factor and this study K-factor. Economic analysis results, designed roads by this study's K-factor reduce cost about 4,708 hundred million won. So this study's K-factor is economical on provincial 4 lane roads.

The Optimal Power Flow Algorithm Considering Load Power Factor Limits (부하역률 제약조건을 고려한 최적 급전 알고리즘)

  • 김광욱;조종만;김진오
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.9
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    • pp.494-499
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    • 2004
  • This paper presents to compute the power economic dispatch, an optimal power flow (OPF) computation algorithm, considering the load power factor limits constraint in developed. Efficient reactive power planning enhances economic operation as well as system security. Accordingly, an adequate level of power factor limits for the load busesshould be evaluated for economic operation. In this paper, the ranges of acceptable load power factors are portrayed as bandwidths of load power factor expressed as a function of load level. The load power factor limits are included and described into the OPF's objective function. The method Proposed is applied to IEEE 26 bus system.

Contributions of Public Investment to Economic Growth and Productivity

  • HAN, SUNGMIN
    • KDI Journal of Economic Policy
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    • v.39 no.4
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    • pp.25-50
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    • 2017
  • Whereas a large variety of previous studies show mixed results regarding the relationship between public investment and economic outcome, several studies have been conducted on related issues in Korea. The present study deals with the effect of public investment in Korea on economic growth and productivity. Using administrative data, it exploits three different methodologies: the total factor productivity approach, production function approach, and stochastic frontier production function approach. The results of this study show that public investment has a statistically significant effect on economic growth. However, it contributes little to enhance productivity. It is explained that there exists inefficiency of production in the Korean economy. These findings indicate that public investment has played a central role in the direct input factor and not in indirect role in Korea. Thus, it is necessary for public investment policies to concentrate on enhancing the efficiency of the Korean economy.