• East Asian Economic Review
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• v.18 no.4
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• pp.367-394
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• 2014

In this study, we examined the fractal structure of the Nikkei225, HangSeng, Shanghai Stock Exchange and Straits Times Index of Singapore. Empirical analysis was performed via non-parametric, semi-parametric long memory tests and also fractal dimension calculations. In order to avoid spurious long memory features, besides the Detrended Fluctuations Analysis (DFA), we also used Smith's (2005) modified GPH method. As for fractal dimension calculations, they were conducted via Box-Counting and Variation (p=1) tests. According to the results, while there is no long memory property in log returns of any index, we found evidence for long memory properties in the volatility of the HangSeng, the Shanghai Stock Exchange and the Straits Times Index. However, we could not find any sign of long memory in the volatility of Nikkei225 index using either the DFA or modified GPH test. Fractal dimension analysis also demonstrated that all raw index prices have fractal structure properties except for the Nikkei225 index. These findings showed that the Nikkei225 index has the most efficient market properties among these markets.

• KDI Journal of Economic Policy
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• v.40 no.4
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• pp.47-63
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• 2018

Government R&D grants for SMEs have risen to three trillion Korean won a year, placing Korea second among OECD nations. Indeed, analysis results have revealed that government support has not only expanded corporate R&D investment and the registration of intellectual property rights but has also increased investment in tangible and human assets and marketing. However, value added, sales and operating profit have lacked improvement owing to an ineffective recipient selection system that relies solely on qualitative assessments by technology experts. Nevertheless, if a predictive model is properly applied to the system, the causal effect on value added could increase by more than two fold. Accordingly, it is important to focus on economic performance rather than technical achievements to develop such a model.

• Proceedings of the Korea Water Resources Association Conference
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• 2016.05a
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• pp.199-199
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• 2016

In recent decades, climate change phenomenon has developed towards critical tendency and increased in both frequency, intensity and time which causes catastrophic damage in both people and property, especially in the field of agriculture and water resources. At the current, some researches in the world and Viet Nam studies on climate change impacts on the water resources sectors. Results of scientists'studies showed that climate change will seriously impact productivity, livelihoods and the environment on a global scale; especially large flood phenomena increasingly developing in intensity, drought more violently occurring in a long time. In recent years, the shortage of water supply for economic activity has started to happen with quite serious degree at the Viet Nam, especially in the northern mountainous provinces of Viet Nam.

• Proceedings of the Korea Water Resources Association Conference
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• 2017.05a
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• pp.190-190
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• 2017

In recent decades, climate change phenomenon has developed towards critical tendency and increased in both frequency, intensity and time which causes catastrophic damage in both people and property, especially in the field of agriculture and water resources. At the current, some researches in the world and Viet Nam studies on climate change impacts on the water resources sectors. Results of scientists' studies showed that climate change will seriously impact productivity, livelihoods and the environment on a global scale; especially large flood phenomena increasingly developing in intensity, drought more violently occurring in a long time. In recent years, the shortage of water supply for economic activity has started to happen with quite serious degree at the Viet Nam, especially in the northern provinces of Viet Nam.

• SUVANNABHUMI
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• v.9 no.1
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• pp.173-192
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• 2017

The Sasaq community in Lombok, Indonesia has been recognized as a peasant community with its unique and strong social capital. Sources of social capital recognition can be derived from common terms or expressions and institutions practiced in community daily life. However, there is a trend of neglecting and ignoring those values by the community, especially the youth. Through action research, we would like to revitalize social capital of the community in supporting social and economic development in the rural level. In this paper, we introduce a Strategic Leadership and Learning Organization (SLLO) approach to build community participation in solving social and economic problems. Through regular dialogue, communities come with common agreements and collective action that are perceived as emergence property. Several common agreements are intended to solve community problems actually in line with the objectives of government designated development.

• KDI Journal of Economic Policy
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• v.46 no.1
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• pp.1-19
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• 2024

This paper evaluates explanations for China's growth slowdown. The natural tendency for rapidly growing economies to slow down is a major factor, along with problems bequeathed by unbalanced growth, including a declining ICOR, slowing total factor productivity growth, and rising indebtedness. A number of other mechanisms are of lesser importance: demographics, President Xi's centralization of political power and anti-corruption campaign, and U.S. export controls. Sustaining growth in the longer term will require China to step away from investment, debt and export-fueled growth in favor of a balanced growth model with household consumption playing a larger role. Doing so will require hardening of the budget constraints of regional and local governments and restructuring of the nonperforming debts of property and construction companies.

• Korean Journal of Heritage: History & Science
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• v.47 no.3
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• pp.172-187
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• 2014

The purpose of this paper is to examine how the 'tradition' has been identified and used concretely on the protection system of cultural property. Firstly, this paper investigated the historical process and aspects that the 'cultural property' and the 'tradition' combined, each had different meaning at the beginning. And it investigated the linkage of them which effect to the protection system and to each other on the system operated. Then, it pointed out a rift within the discourse of tradition to which the system have held on, and the problems as its result. This paper applied the viewpoint of anti-essentialism that the tradition is presented with hegemonic act to raise the inevitable continuity with the past, instead of the common notion that the tradition is 'everything that is handed down from the past.' Because the cultural property is the product of the state system, to pursne the linkage of it and the tradition is identical to examine how the tradition have been officially defined in the national hegemony. Since the 1920s the tradition has defined as a fixed, essential, pure reality in the changing process of the protection system of cultural property. This essentialist viewpoint about the tradition have been continued as the institutional premise regardless of many critics, raised by studies focusing on the culture and cultural property. But we see now a rift on the discourse of tradition as the intellectual discourse has been supported to the system, that is caused by the fast-changing global economic environment and a rat race around the registration of intangible cultural heritage of UNESCO.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.76
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• pp.1-20
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• 2017

The industrial technology (including trade secrets), which is commonly understood as systematic and applied technical knowledge, can be transferred to third parties by contracting for the transfer of technology or by granting of a licence. The activity of industrial espionage, due to the gradual increase of the economic interests of intellectual property, is displaying intensively in order to gain advanced technology information. With our outstanding high technology, but compared to the level of the advanced countries, the technical protection systems, the legal protection measures and the systematic management thereof may still be insufficient. Our industrial technology outflow abroad, due to the vulnerability to the security control system in our country, has been increasing since the 2000. Computer software and SNS, such as smart devices, appear as a rapid change in the technical information environment. In order to minimize the dead zone of a new industrial security, the country's organic activity is being conducted. In 2006, Industrial Technology Outflow Prevention and Protection Law was enacted, which emphasized the responsibilities of the country. In this paper for the economic entity's efforts to prevent technology leakage oversea, I have looked to how the industrial technology can be protected in terms of national security and economic benefits of our enterprises. To solve the above-mentioned problems hereof, Korean government should willingly establish a reliable legal system for supporting to enterprise's operations, and Korean companies should autonomously introduce a synthetic technology protection system and incorporate the confidentiality clauses in an international transfer of technology agreement with third parties.

• East Asian Economic Review
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• v.24 no.1
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• pp.61-87
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• 2020

Five diffusion models are estimated using three different foreign exchange rates to find an appropriate model for each. Daily spot exchange rates expressed as the prices of 1 euro, 1 British pound and 100 Japanese yen in US dollars, respectively denoted by USD/EUR, USD/GBP, and USD/100JPY, are used. The maximum likelihood estimation method is implemented after deriving an approximate log-transition density function (log-TDF) of the diffusion processes because the true log-TDF is unknown. Of the five models, the most general model is the best fit for the USD/GBP, and USD/100JPY exchange rates, but it is not the case for the case of USD/EUR. Although we could not find any evidence of the mean-reverting property for the USD/EUR exchange rate, the USD/GBP, and USD/100JPY exchange rates show the mean-reversion behavior. Interestingly, the volatility function of the USD/EUR exchange rate is increasing in the exchange rate while the volatility functions of the USD/GBP and USD/100Yen exchange rates have a U-shape. Our results reveal that more care has to be taken when determining a diffusion model for the exchange rate. The results also imply that we may have to use a more general diffusion model than those proposed in the literature when developing economic theories for the behavior of the exchange rate and pricing foreign currency options or derivatives.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.41 no.6
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• pp.511-517
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• 2008

The radiation characteristics and economic efficiency of high - luminance light - emitting diodes (LEDs), a metal halide lamp, and a halogen lamp were studied to evaluate their potential as an energy-saving light source for fishing lamps. The wavelengths at which irradiance was maximum were 709, 613, 473, 501, 525, 465, 578, and 973 nm for red, orange, blue, peacock blue, green, and white LEDs, the metal halide lamp, and the halogen lamp, respectively. If the irradiance characteristics at 300-1,100 nm wavelengths are set as 100%, the irradiance rates at 381-780 nm were 99-78%, 82%, and 24% for the LEDs, metal halide lamp, and halogen lamp, respectively. The economic efficiency was superior in the order metal halide lamp, halogen lamp, peacock blue LED, and blue LED at 381-780 nm and metal halide lamp, peacock blue LED, blue LED, and halogen lamp at 480-520 nm. Based on the radiation characteristics and economic efficiency evaluated at 480-520 nm, the blue and peacock blue LED light sources can be used as energy-saving light sources for fishing lamps.