• Title/Summary/Keyword: Economic growth model

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Korea's Rural Development Characteristics and the Implications to Vietnam (한국의 농촌개발 경험이 베트남에 주는 시사점)

  • Im, Sang Bong
    • Journal of Korean Society of Rural Planning
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    • v.22 no.3
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    • pp.71-80
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    • 2016
  • Korea is becoming a model country for the developing countries' agricultural and rural development. Drawing implications for Vietnam from Korea's experiences can help make development strategies and policies for other developing countries including North Korea as well as for Vietnam itself. Vietnam is facing an inefficiency in agricultural production and the gap between urban and rural growth has been widening. Farm sizes per household are small and farmlands are scattered. Diversification in rural industry is very restricted. To attack these problems, investment is urgently needed for rural infrastructure building as well as agricultural structure adjustment. In the process of rural development, there have been also encountered such problems as financial procurement, community's spontaneous participation, manpower development for adjusting to industrial structural change. Korea's experiences may be helpful for establishing rural development strategies and policies in Vietnam. Benchmark scopes can go beyond Saemaul Undong in 1970s. Korea's pre- and post-Saemaul Undong era as well as the Saemaul Undong era can be referred. In the wake of globalization, Vietnam has not only experienced compressed rapid economic growth but also encountered policy tasks to eradicate poverty, to realize self-reliance and income increase, and to lessen urban-rural development gap, at the same time. Korea's experiences show that priority needs to be put on the establishment of national and rural development strategies based on Vietnam-specific conditions, utilization of village's resources including community tradition and social capital, fund raising for rural development, farmland development and mobilization, production and living infrastructure building, technology transfer for farmers and vocational training for new job seekers.

Development of Model for Efficient Reuse of Abandoned Sericultural Facilities in Korea

  • Ryu, Kang-Sun;Kang, Pil-Don;Jung, I-Yeon;Kim, Kee-Young;Lee, Kwang-Gil;Sohn, Bong-Hee;Kim, Yong-Soon
    • International Journal of Industrial Entomology and Biomaterials
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    • v.17 no.1
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    • pp.115-120
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    • 2008
  • Recently, there has been the gradual growth of the public in rural amenities, hobby farming works, much more urbanities, and especially near-retires. However, in spite of popular preference to ruralities, little has been known about their demand on retired rural life. Therefore, this study examined urbanites' attitude to preparatory works for out-migration, preferred residential site condition and life styles in the countryside. For the purpose, data were collected from the survey with the sample of 62 urban trainees who were studying farming technology in department of training on agricultural technology of Korea National Agricultural College, RDA. We carried out the experience farming to candidate with using the abandoned sericultural facilities which are the silkworm rearing house and mulberry fields. The 71% of urban trainees, who answered in this survey, hoped to move into countryside after retirement and to make a monthly income of $1,000 from agriculture. The age distribution of sericulural farmers is about 79% more than that of 60 years old. In the experience farming works. The two candidates made 1,977$ with net income through 32 days worked in spring season. In autumn season, the couple candidates made 1,317$ with net income through 23 days worked. Knowledge of these results will be important to policy-makers and to understand the role that retirement in-migration play in stimulating economic growth of rural agricultural farmers.

Effects of Phosphate Rate on Growth and Yield of Sweet Corn Grown in Volcanic Ash Soils (화산회토에 있어서 인산시비량이 단옥수수의 생육 및 수량에 미치는 영향)

  • 강영길
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.36 no.1
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    • pp.52-56
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    • 1991
  • In 1986, at Cheju and Seoguipo, a sweet com hybrid, Golden Cross Bantam 70, was grown at 5 phosphate rates (0, 8, 16, 24 and 32 kg/l0a) to determine effects of phosphate rate on growth and yield of sweet com and to recommend the optimum phosphate rate for sweet com production in volcanic ash soils of Cheju province. Days to silking were shortened 1 to 2 days by phosphate application of more than l6kg/10a. Culm length, ear height and fresh stover yield/l0a did not differ between two locations, but linearly increased as phosphate rate was increased from 0 to 32kg/10a. Average length and weight of marketable ears were greater at Cheju than at Seoguipo and linearly increased as phosphate rate increased. The number of marketable ears per plant and per l0a did not differ between two locations, but quadratically increased as phosphate rate increased. The economic optimum phosphate rate estimated on the basis of the quadratic model, ranged 25.6 to 27.4kg/10a at various fertilizer-to-ear price ratios.

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Ability, Heterogeneity, and Parental Choices on Human Capital (이질적 학습능력과 인적자본에 대한 부모의 교육투자 선택)

  • Hwang, Jin-tae;Kim, Sung-min
    • Journal of Labour Economics
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    • v.40 no.4
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    • pp.91-114
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    • 2017
  • This paper shows that when children's ability is heterogeneous, a parent's choices about educational expenditures and fertility follow a pooling equilibrium or a separating equilibrium. Which of the two equilibria will prevail depends on the probability of getting a high-ability child as well as productivity differentials in producing children's adult human capital. Adopting the model of Acemoglu's (1999), this paper presents that the outcome of the pooling choice in the pooling regime and the outcome of the separating choice in the separating regime make the growth rate of human capital higher than otherwise. In addition, as the probability of a high-ability child increases, the growth rate of human capital in the separating equilibrium exceeds that in the pooling equilibrium.

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OECD 국가의 이산화탄소 배출량 분해분석

  • Kim, Gwang-Uk;Gang, Sang-Mok
    • Environmental and Resource Economics Review
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    • v.21 no.2
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    • pp.211-235
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    • 2012
  • This paper presents an alternative decomposition technique to identify the relative importance of factors associated with changes in $CO_2$ emissions by using directional distance function to model the joint production of desirable and undesirable outputs. The key feature of the proposed approach is the introduction of fossil and non-fossil fuel energy input efficiencies, productivity change and emission intensity change. For the 27 OECD countries as a whole, the empirical results indicate that economic growth is the most important contributor to $CO_2$ emissions increase, while efficiency change is the most important component to $CO_2$ emissions reduction between 1980 and 2007. For more extensive insights, this paper divided 3 groups according to the emission growth rate and find out that high emission countries show relatively low production efficiencies and technical changes contributing $CO_2$ emissions increase. The results also provide that more strict environmental regulations are needed to improve the pollution intensity in these countries.

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A Study on the Priority of Site Selection for Hydrogen Vehicle Charging Facilities in Seoul Using a Market Demand Prediction Model (시장수요예측 모델을 활용한 서울시 수소차 충전시설의 입지선정 우선순위에 관한 연구)

  • Jin Sick, Kim;Kook Jin, Jang;Joo Yeoun, Lee;Myoung Sug, Jung
    • Journal of the Korean Society of Systems Engineering
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    • v.18 no.2
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    • pp.140-148
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    • 2022
  • Hydrogen is expected to be widely applied in most sectors within the current energy system, such as transportation and logistics, and is expected to be economically and technologically utilized as a power source to achieve vehiclebon emission reduction. In particular, the construction of hydrogen charging station infrastructure will not only support the distribution of hydrogen electric vehicles, but also play an important role in building a hydrogen logistics system. Therefore, This paper suggest additional charging infrastructure areas in Seoul with a focus on supply according to the annual average growth rate (CAGR), centering on Seoul, where hydrogen vehicles are most widely distributed. As of February 2022, hydrogen charging infrastructures were installed in Gangseo-gu, Gangdong-gu, Mapo-gu, Jung-gu, and Seocho-gu in downtown Seoul. Next, looking at the number of hydrogen vehicles by administrative dong in Seoul from 2018 to 2022, Seocho-gu has the most with 246 as of 2022, and Dongjak-gu has the highest average growth rate of 215.4% with a CAGR of 215.4%. Therefore, as a result of CAGR analysis, Dongjak-gu is expected to supply the most hydrogen vehicles in the future, and Seocho-gu currently has the most hydrogen vehicles, so it is likely that additional hydrogen charging infrastructure will be needed between Dongjak-gu and Seocho-gu.

The Effects of Economic Conditions on Capital Structure : Evidence from Korean Shipping Firms (경기변화를 고려한 해운기업의 자본구조에 관한 실증연구)

  • Lee, Sung-Yhun
    • Journal of Navigation and Port Research
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    • v.40 no.6
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    • pp.451-458
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    • 2016
  • Since Modigliani and Miller developed their theory of capital structure in 1958, it has become one of the most debated issues in corporate management. This is because the capital structure decision necessarily affects financial risk and the firm's value. Throughout the research, one of the most concerning problems is determining what factors influence the firm's capital structure. Since Korean shipping firms have been suffering from a long term economic recession, an optimal capital structure has become increasingly critical to survive in the shipping industry. This paper studies panel data on 46 Korean shipping companies since 2000 to find the factors that affect capital structure. The results suggest that a negative relationship arises between firm size, tangible assets, profitability and non-debt tax shields against leverage. Otherwise, it proved that growth opportunity has a positive relationship with the firm's leverage. In the research model during a booming shipping economy, growth opportunity and non-debt tax shield are not associated with firm's capital structure.

Institutional Approach to Innovation: the Knowledge Spillovers in Regional Innovation System and Innovative Cluster - Review and New Issue of Antecedent Research - (혁신의 제도적 접근: 지역혁신체제와 혁신클러스터의 지식파급효과 -선행연구의 검토와 새로운 쟁점-)

  • Bae, Eong Hwan
    • Journal of the Economic Geographical Society of Korea
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    • v.18 no.1
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    • pp.115-135
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    • 2015
  • In the glocalization a common phenomenon of several nations reveals knowledge innovation and growth by the important subject of region and state and is studied at theory and practice. the successful cases of regional development in an advanced country have leading innovation through regional innovation system and cluster. therefore we are necessary to analyse how the knowledge spillovers in innovative cluster as the reduced model of regional innovation system guide firm innovation and region growth. this article reviews theories and empirical studies of the knowledge spillovers in the regional innovation system and innovative cluster of innovative geography and proposes a new research issues for further explorations of the knowledge spillovers. Previous studies assist that knowledge spillovers exist in knowledge-based industries of specific local area and local innovation accomplishes through pure knowledge spillover. but limits of these studies include narrow region and technological area, few analytical variable and exclusion of rent knowledge spillover. therefore new research topics related with that exemplifies geographical dimension(concentration and decentralization), technological dimension(knowledge based industry), category of analytic variables(previous indicators, time, and social capital), conceptualization(appropriation means, markets for technology) etc.

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An Analysis for Urban Competitiveness of Global Cities & 7 Metropolitan Korean Cities using Oxford Economics Data (우리나라 7대 광역시와 세계 770개 도시 경쟁력 비교분석 - Oxford Economics 자료에 근거한 도시경쟁력 -)

  • Cho, Jae Ho
    • Journal of the Korean Regional Science Association
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    • v.33 no.4
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    • pp.3-17
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    • 2017
  • This study ranks by developing an urban competitiveness index of major global cities, including seven cities in Korea using data from the Global Cities Forecast (2013) provided by Oxford Economics. The City competitiveness index is selected from 18 indicators including scale index, ratio index, growth rate index while Gini coefficient is used for distribution index. In order to analyze the relationship between the competitiveness index and the distribution index, we use the LOGIT panel regression model. As a result, the increase in income inequality (Gini coefficient) has a negative effect on the economic growth rate in 5-year time lag shown statistically significant. We have compiled global rankings of 770 city competitiveness based upon 19 indicators by combining the global competitiveness index and the distribution index. The trend of rank shows that 7 Metropolitan Korean Cities are expected to decline substantially over the period. In particular, Seoul ranked $59^{th}$ in 2010 and $74^{th}$ in 2015. Its ranking is expected to be decline to $185^{th}$ in 2030. The declining competitiveness of Korean cities is expected to lead to a weakening of Korea's national competitiveness in the long run. Accordingly, it is imperative to identify problems and seek strategic plans to secure global urban competitiveness.

Further Empirical Analysis on Corporate R&D Intensity for KOSDAQ Listed SMEs in the Era of the Post Global Economic Crisis (국제금융위기 이후의 코스닥 상장 중소기업들의 연구개발비에 대한 실증적 심층분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.2
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    • pp.248-258
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    • 2021
  • The study analyzed the financial determinants of corporate R&D intensity that require more attention from academics and practitioners in the Korean capital market. Domestic small and medium enterprises (SMEs) may face with developing substitutes by making more R&D investments in scale and scope, given the unprecedented economic conditions such as the limitation of importing core components and materials from other nation(s). KOSDAQ-listed SMEs were selected as sample data, whose R&D expenditures may be less than those of large firms during the post-global financial turmoil period (2010~2018). Static panel data model was applied, along with Tobit and stepwise regression models, for examining the validity of results. Logit, probit, and complementary log-log regressions were also employed for a relative analysis. R&D expenditures in the prior year, the interaction effect between the previous R&D intensity and high-tech sector, firm size, and growth rate were significant to determine R&D intensity. Moreover, a majority of explanatory variables were found to change between the years 2011 and 2018, while time-lagged effects between the R&D intensity and growth rate exist. Results of the study are expected to be used for future research to detect optimal levels of R&D expenditures for the value maximization of SMEs.