• KDI Journal of Economic Policy
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• v.31 no.1
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• pp.169-206
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• 2009

This study stems from a question, "How should we understand the pattern of the Korean economy after the 1990s?" Among various analytic methods applicable, this study chooses a Structural Vector Autoregression (SVAR) with long-run restrictions, identifies diverse impacts that gave rise to the current status of the Korean economy, and differentiates relative contributions of those impacts. To that end, SVAR is applied to four economic models; Blanchard and Quah (1989)'s 2-variable model, its 3-variable extensions, and the two other New Keynesian type linear models modified from Stock and Watson (2002). Especially, the latter two models are devised to reflect the recent transitions in the determination of foreign exchange rate (from a fixed rate regime to a flexible rate one) as well as the monetary policy rule (from aggregate targeting to inflation targeting). When organizing the assumed results in the form of impulse response and forecasting error variance decomposition, two common denominators are found as follows. First, changes in the rate of economic growth are mainly attributable to the impact on productivity, and such trend has grown strong since the 2000s, which indicates that Korea's economic growth since the 2000s has been closely associated with its potential growth rate. Second, the magnitude or consistency of impact responses tends to have subsided since the 2000s. Given Korea's high dependence on trade, it is possible that low interest rates, low inflation, steady growth, and the economic emergence of China as a world player have helped secure capital and demand for export and import, which therefore might reduced the impact of each sector on overall economic status. Despite the fact that a diverse mixture of models and impacts has been used for analysis, always two common findings are observed in the result. Therefore, it can be concluded that the decreased rate of economic growth of Korea since 2000 appears to be on the same track as the decrease in Korea's potential growth rate. The contents of this paper are constructed as follows: The second section observes the recent trend of the economic development of Korea and related Korean articles, which might help in clearly defining the scope and analytic methodology of this study. The third section provides an analysis model to be used in this study, which is Structural VAR as mentioned above. Variables used, estimation equations, and identification conditions of impacts are explained. The fourth section reports estimation results derived by the previously introduced model, and the fifth section concludes.

• East Asian Economic Review
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• v.26 no.1
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• pp.27-48
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• 2022

In the past decade, Korea and Japan have increasingly exhibited different strategic priorities in trade in face of China's rising global economic prowess and worsening US-China trade conflict. Japan's trade policy decisions have worked to reinforce its economic and security ties with the US as a means to counter China. Japan has used both bilateral and multilateral means to secure its ties with the US against China. In contrast, Korea's trade policy positions have been one of 'strategic ambiguity'. Korea has been more conciliatory towards China, reluctant to take actions that would counter China's interest. Korea has mainly resorted to bilateral channels to maintain favorable relations with both China and the US. Korea's reluctance to clearly ally with the US against China has been observed across different administrations with opposing political orientations. This paper examines Korea and Japan's diverging strategic priorities in trade through the 2017 World Trade Organization Ministerial Conference; the 2017 US imposition of Section 232 on steel; the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Korea-US FTA renegotiation and the Korea-China FTA Phase Two Negotiation; and the 2019 Japan-US Trade Agreement.

• Journal of Ocean Engineering and Technology
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• v.17 no.6
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• pp.16-22
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• 2003

In this paper, the method of determining the economically-optimal design section of rubble mound breakwater, using ADS program, was studied to supplement the deterministic approach. First of all, the design waves are computed, according to the return periods, using the Weibull distribution from the data of waves at the location of the breakwater. In order to take an optimal section, according to the return periods, the ADS program was used. The restriction conditions and objective functions are decided from the references of the specifications and standard manuals for Coastal and Harbor Construction Work. Results from this study support the ADS program as an appropriate method for determining the economically-optimal section of rubble mound breakwater, comparing the construction costs and the initial and damage repair costs for its life time.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.606-607
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• 2015

The traffic volume on the road shows various trends reflecting regional characteristics for monthly and hourly, and economic loss affecting users varies according to the selected period for the maintenance of road pavements. Therefore, in this study, the user cost (or delay cost) for monthly and hourly on the work zone near the Maesang Bridge Section on Poseung-Gu, Pyeongtaek-si, Gyeonggi-do was calculated using the time series models and VISSIM, and based on the result, the effect of user cost reduction according to the selection of best maintenance period was examined. The analysis result showed that the month of the lowest user cost occurred due to the maintenance of target section was January (10,293,258 KRW/Day×1km) and the month of the greatest user cost occurred was November (13,337,495 KRW/Day×1km).

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.575-584
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• 2021

This research aims to examine and analyze the impact of customer shifting behavior on the shopping emotion. Based on impulse buying, customers tend to behave recently based on the constructed variables of impulse buying, outlet ambience, hedonic shopping value utilitarian shopping value, and shopping emotion. This study employs samples/survey data of the population consisted of Asian women parents in Indonesia. The survey data of this research is based on observations using time series with cross-section/one-shot, which was done in 2019. The results indicate that variable outlet ambience, hedonic shopping value, and shopping emotion have a positive and significant impact on impulse buying. Whereas the utilitarian shopping value variable has a positive but not significant relationship against impulse buying. There is a positive influence between ambience outlets and utilitarian shopping value on shopping emotion. The variable hedonic shopping value has a negative and not significant relationship towards shopping emotion. The finding of this study suggests that both the retail stores and even the superstores must pay more attention to the design of outlet ambience to create the hedonic shopping value and eventually may attempt the attention of the impulse buying customers.

• Proceedings of the KSR Conference
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• 2000.11a
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• pp.352-357
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• 2000

Design criteria of precast prestressed concrete bridge are analysed and design mettled is systemized. As a result. analysis and design program is developed. Parametric study and economic analysis are accomplished. and data base do design section is developed.

• Journal of the Korean Geosynthetics Society
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• v.18 no.2
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• pp.23-36
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• 2019

In this paper, field measurement of the Block Type Mechanically Stabilized Earth (MSE) wall curved section was performed, and the reinforced area of the curved part is studied through the result. MSE method has been applied to various fields because of easy construction and excellent economic efficiency, so that it can be easily access in our life. However due to lack of compaction and stress concentration phenomenon, cracks and collapse occur in the curve of MSE wall, which is important for safety. The cause of collapse is lack of research on curved section, lack of design criteria, lack of construction due to economical efficiency and shortening of construction period, insufficient compaction space. In this study, therefore, it was examined the existing design and construction standards, analyzed the cause through accident examples of the curved section of the Block Type MSE wall. As a result, the horizontal displacement of the curved section was 90% higher than that of the straight section and 60% higher than that of the concave section. In the case of the convex section in the curved section reinforcement region, the maximum displacement is shown in the H/2 section in the horizontal direction from the center of the MSE wall, and the range of influence from H is shown. In the case of the concave section, the maximum displacement is shown in the center, The minimum displacement was confirmed in H/4 section in the horizontal direction from the center of the MSE wall. As a basic study on the reinforcement area rehabilitation through the actual construction of block type MSE wall, the behaviors of the straight part and the curved part were compared and analyzed. And analyzed the reinforced area in order to reduce the damage of the stress concentration phenomenon and secure the safety.

• Korea Trade Review
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• v.44 no.1
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• pp.177-191
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• 2019

Global trade protectionism has increased further and U.S. priorities and protectionism have strengthened since Trump took office in 2017. Trump administration is actively implementing tariff measures based on U.S. domestic trade laws rather than the WTO rules and regulations. In particular, the American government has recently been imposing high tariffs due to national security and imposing economic sanctions on other countries' imports. According to the U.S. Trade Expansion Act Section 232, the American government imposed additional tariffs on steel and aluminum imports to WTO member countries such as China, India, and EU etc. on march 15, 2018. Thus, this study aims to investigate whether the U.S. Trade Expansion Act Section 232 is consistent with GATT/WTO rules by comparing the legal basis of US / China / WTO regulations related to Section 232 of the U.S. Trade Expansion Act, and gives some suggestions for responding to the Section 232 measure. As the Section 232 measure exceeded the scope of GATT's Security Exceptions regulation and is very likely to be understood as a safeguard measure. If so, the American government is deemed to be in breach of WTO's regulations, such as the most-favored-nation treatment obligations and the duty reduction obligations. In addition, American government is deemed to be failed to meet the conditions of initiation of safeguard measure and violated the procedural requirements such as notification and consultation. In order to respond to these U.S. protection trade measures, all affected countries should actively use the WTO multilateral system to prevent unfair measures. Also, it is necessary to revise the standard jurisdiction of the dispute settlement body and to explore the balance of the WTO Exception clause so that it can be applied strictly. Finally, it would be necessary for Chinese exporters to take a counter-strategy under such trade pressure.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.9 no.6
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• pp.1711-1717
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• 2008

This paper presents an investigation on behavior of a simplified composite I-beam bridge(SCIB) based on Korea Bridge Design Specifications(2005). Simple and continuous span SCIBs are considered to determine the design cross section. A structural analysis program, MIDAS(2006), is used to obtain the stress and deflection of the SCIB. In order to evaluate the safety of the design cross section, three-dimensional analysis is performed using ABAQUS(2007). According to the verification results from stresses and deflections of the design section, the new composite bridge are safely used for developments of reasonable and economic SCIB.

• Current Research on Agriculture and Life Sciences
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• v.2
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• pp.77-90
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• 1984

Results investigated backwater phenomena at Geumho river basin to get a basic data for Daegu basin area development plan are as the follows. 1. It is a A=0.35 L 1.848 (r = 0.97), the relationship between basin area and river length at Geumho river. 2. Dividing the rainfall of Geumho river basin as two parts, a first half rainfall and a second half rainfall, the amount of a first half rainfall appeared 57.5% comparison with total rainfall. 3. The maximum flood discharge appeared 12 hrs. continuous rainfall rather than 24 hrs. continuous rainfall. 4. Results investigated backwater phenomena from Geumho II bridge to chungchun appeared the rising water level of 69 cm, 55 cm, 44 cm, at section III in the starting point water level of 1.8 m, 2.4 m, 4.0 m respectively. 5. Results investigated backwater phenomena by the flood water level appeared a similar form. There was a average rising water level of 30 cm at section III. At the results of this computation, it was confirmed that section III was affected the highest backwater phenomena among the observed river reaches in Geumho river. In addition, this paper should be given a assistance to decide a economic and safe section in construction of bank of river and estuary barrage.