• Title/Summary/Keyword: Economic risks

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A Study on National Mining Investment Security Analysis for the Overseas Mineral Resources Investment Business (해외 광물자원 투자 사업을 위한 국가위험도 분석 연구)

  • Ko, Eun-Mi;Choi, Soen-Gyu;Kim, Chang-Seong;Kim, Seong-Yong;Pak, Sang-Joon
    • Economic and Environmental Geology
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    • v.41 no.5
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    • pp.475-484
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    • 2008
  • In this study, we analyzed national mining investment security and country risk, and suggested a new index for exploration and development investment for mining projects in abroad by an analysis of relationship between these grades and mineral resource development investment. For this, potential risks for mining in mineral-rich countries are assessed, and the risk of the exploration and development investment for mining projects is relatively evaluated by OECD country risk. It is noted that countries of the lower ranks in OECD are consistently good agreement with the high grade in Behre Dolbear Group Inc. for favorable mineral exploitation, whereas the higher ranks have shown diverse and high risks for the mining investigation and development. Consequently, it is necessary that assessment of the relationship between mineral resource index and country risk for mining projects to be investigated and developed in future should be applied before business decision of mineral investigation projects in abroad.

A Study on Relationship between Elder Abuse and Suicide Risk (노년기 학대 피해와 자살위험간의 관계)

  • Kim, Yun-Jeong;Im, Mi-Young
    • The Korean Journal of Community Living Science
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    • v.21 no.3
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    • pp.351-364
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    • 2010
  • This study was aimed to investigate the relationship between abuse and suicide risk focused on the Korean elderly over 65 years old living with their families. The data for the study was collected from 1,193 people in Incheon metropolitan city, Kyunggi and Chungnam province. Among them, 711 elderly adults who experienced abuse within their families, were analysed for the study. The results were as follows: First, the group who had experienced abuse was revealed at 29.8%, and the group who had experienced suicide was revealed at 23.1%. Second, the victims of abuse at older ages affects the risk of suicide. Moreover, considering the elderly population under the control of influencing variables such as socioeconomic traits, ADL and depression, the risk of suicide for the group of being abused was higher than the group that was never abused. Third, four groups of elderly(groups without both abuse and suicide risks, the group with only abuse victims, the group with only suicide risks, and the group with both abuse and suicide risk) were divided based on the victims of abuse and the risk of suicide. The group without abuse and suicide risk was positive in subjective economic status, ADL, number of diseases and depression. On the contrary, the group with both abuse and suicide risk was negative in the above indices. The study indicated that there were some similar traits between abuse risk groups and suicide risk groups, but the group with suicide risk was lower than the group with abuse risk in ADL and depression.

An Empirical Investigation on the Effect of Logistics Security in Import and Export Risk Management (물류보안이 수출입 리스크관리에 미치는 영향에 관한 실증연구)

  • Yi, Hong-Won;Kim, Jae-Bong
    • Journal of Navigation and Port Research
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    • v.38 no.3
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    • pp.317-325
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    • 2014
  • The government of South Korea has introduced various security measures in the supply chain, such as CSI (including a 24-hour rule) and AEO (Authorized Economic Operator), in compliance with global security trends and the war on terror. However, many participants in the import and export process are still unfamiliar with the purposes and functions of CSI, the 24-hour rule, and AEO. As such, considering these risks as obstacles or as factors that interfere with the import and export process, this study suggests proper management schemes, which can identify, measure and evaluate these risks.

Layout Optimization of FPSO Topside High Pressure Equipment Considering Fire Accidents with Wind Direction (풍향에 따른 화재영향을 고려한 FPSO 상부구조물 고압가스 모듈내부의 장비 최적배치 연구)

  • Bae, Jeong-Hoon;Jeong, Yeon-Uk;Shin, Sung-Chul;Kim, Soo-Young
    • Journal of Ocean Engineering and Technology
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    • v.28 no.5
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    • pp.404-410
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    • 2014
  • The purpose of this study was to find the optimal arrangement of FPSO equipment in a module while considering the economic value and fire risk. We estimated the economic value using the pipe connections and pump installation cost in an HP (high pressure) gas compression module. The equipment risks were also analyzed using fire scenarios based on historical data. To consider the wind effect during a fire accident, fuzzy modeling was applied to improve the accuracy of the analysis. The objective functions consisted of the economic value and fire risk, and the constraints were the equipment maintenance and weight balance of the module. We generated a Pareto-optimal front group using a multi-objective GA (genetic algorithm) and suggested an equipment arrangement method that included the opinions of the designer.

Risk Management Process through a Phase of $Economic{\cdot}Financial$ Feasibility Study (경제적${\cdot}$재무적 타당성분석 단계에서의 리스크 관리절차 연구)

  • Park Young-Min;Kim Soo-Yong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.454-459
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    • 2003
  • Feasibility study on large scale projects like an investment on infrastructure development is very important because it provides fundamental data which determine the total investment size and duration. However, previous feasibility studies have a few problems of ambiguous estimation standards, unsystematical estimation methods, and so on. Accordingly, this study intends to regulate tile problems on economic feasibility as well as financial feasibility study which have been considered more critical in recent time, subsequently presents a reform measure. Also, this study identifies predictable risks during the feasibility study, presents a scheme which lets investor and owner control the risk themselves through a process which uses theoretical and political management plans.

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Modelling of Public Financial Security and Budget Policy Effects

  • Zaichko, Iryna;Vysotska, Maryna;Miakyshevska, Olena;Kosmidailo, Inna;Osadchuk, Nataliia
    • International Journal of Computer Science & Network Security
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    • v.21 no.9
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    • pp.239-246
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    • 2021
  • This article substantiates the scientific provisions for modelling the level of Ukraine's public financial security taking into account the impact of budget policy, in the process of which identified indicators of budget policy that significantly affect the public financial security and the factors of budget policy based on regression analysis do not interact closely with each other. A seven-factor regression equation is constructed, which is statistically significant, reliable, economically logical, and devoid of autocorrelation. The objective function of maximizing the level of public financial security is constructed and strategic guidelines of budget policy in the context of Ukraine's public financial security are developed, in particular: optimization of the structure of budget revenues through the expansion of the resource base; reduction of the budget deficit while ensuring faster growth rates of state and local budget revenues compared to their expenditures; optimization of debt serviced from the budget through raising funds from the sale of domestic government bonds, mainly on a long-term basis; minimization of budgetary risks and existing threats to the public financial security by ensuring long-term stability of budgets etc.

Are Precious Metals Hedge Against Financial and Economic Variables?: Evidence from Cointegration Tests

  • YAQOOB, Tanzeela;IQBAL, Javed
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.81-91
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    • 2021
  • This paper investigates the long run hedging ability of precious metals against the risks associated with adverse conditions of economic and financial variables for Pakistan, the USA, China, and India. Monthly data of gold, silver, platinum, stock returns, exchange rate, industrial production, and inflation was collected for the selected economies. Saikkonen and Lutkepohl (2002) unit root test was employed to access the unit root properties of the data series and identify the break dates. Furthermore, this study used the Johansen cointegration test with and without structural breaks to identify the long-run relationship between metals prices and different financial and economic variables. The findings suggest that the time series under study have unit root problem at level with and without structural breaks. Without considering structural breaks, the Johansen trace test indicates that in Pakistan and China, gold, silver, and platinum hold a cointegrating relationship with macroeconomic and financial variables. For the US, gold indicates cointegration which supports the hedging ability of gold against inflation, stock, and industrial production in the long run. The results of the cointegration test after incorporating the structural breaks provide even stronger evidence of the long-run relationship of precious metals and consumer prices, exchange rate, and stock prices.

The Impact of Japanese Electronic Products' Perceived Risk on Avoidance Intention

  • NAM, Gyu-Bin;YANG, Jae-Jang
    • The Journal of Industrial Distribution & Business
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    • v.13 no.11
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    • pp.47-64
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    • 2022
  • Purpose: This study's goal is to investigate how perceived risk of Japanese electronic product affect the negative emotion and the avoidance intentions. In addition, this is difference in the effect of perceived risk on negative emotions and avoidance intentions according to the presence or absence of substitutes. Research design, data and methodology: Perceived risks of Japan products are decided by four dimensions, they are economic risk, social risk, psychological risk and physical risk. The reach model is made by the theory of risk-avoid. We requested this survey to 5808 customers by panel and web site, received 559 replied. We used 528 questionnaires excluding unreliable data. For the analysis, smart PLS is used. Results: Psychological risk has influence on negative emotion and avoidance intension. Social risk and physical risk affected negative emotion, but did not directly affect avoidance intention. Economic risk affects avoidance intension, but it has no effect of negative emotion. The existence of Japanese products' substitute only effects the relationship of economic risk and avoidance intention. Conclusions: Korean consumers behavior their buying and using of Japan product as financial benefit and satisfaction, not only risk. It is suggested that Korean company should make and develop unique product with good price.

The Belt and Road Initiative in Lebanon: A Promising Initiative in a Complex Society

  • AL SHAHER, Shaher;ZREIK, Mohamad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.151-158
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    • 2022
  • The study aims to investigate Lebanese-Chinese relations within the framework of the Belt and Road Initiative. Lebanon formally joined the effort in 2017; this paper emphasizes Lebanon's geostrategic importance. The paper presents an assessment of the investment risks in Lebanon, which is considered an economically unstable country with a volatile security situation, with many internal and external political hurdles. The paper refers to the obstacles and challenges that the Chinese investor may face in Lebanese society. The study employs qualitative descriptive analysis to address the status of Chinese investment in Lebanon and the consequences of this partnership; the paper examines previous research related to the Belt and Road Initiative and the Lebanese political, security, and economic situation literature. Due to the deteriorating security situation, external intervention, and the economic crisis, the results reveal that Lebanon is not a top investment priority for China, which is a big impediment to China entering into economic cooperation with Lebanon. The findings of this study suggest that the Lebanese government should adopt an anti-corruption policy to build confidence for the Chinese investor, reduce unnecessary public spending, and hold a national dialogue to build confidence among the Lebanese parties.

A Study for Determining Optimal Economic Life of the Domestic Financial Information Systems Based on Data (데이터를 기반으로 한 국내 금융권 정보시스템의 최적 경제수명주기 모델에 대한 연구)

  • Park, Sungsik;Hahm, Yukun;Lee, Seojun
    • Informatization Policy
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    • v.19 no.2
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    • pp.85-105
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    • 2012
  • So far, the importance of informatization, as well as investment into it, has been growing steadily. Due to the uncertainties and risks in adopting information technologies, systematic decision-making is definitely needed in investing in a large scale information system. Based on the existing theories about the economic life span of information systems and in consideration of the actual cost involved in the adoption and operation of the systems by the financial institutions in Korea, this study presents the optimal economic life span for all types of information systems in terms of the economic cost and generalizes the optimal life span. The ultimate purpose of this study is to develop a model that could be used in anticipating the timing of economic replacement of the information system of the same type and making decisions on IT investment.

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