• Journal of Korea Trade
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• 제24권1호
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• pp.146-170
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• 2020

Purpose - This paper addresses the concepts of FDI-Trade-Growth nexus in Myanmar's economy and empirically investigates the interrelationships of trade, investment and economic growth to reveal the growth model of Myanmar's economy. Additionally, this paper also addresses the cooperative strategies between Myanmar and South Korea through a case study related to South Korea's economic growth. Design/methodology - Our empirical model considers the interrelationship among FDI, trade, growth, labor force and inflation in Myanmar. This study employs ARDL (Autoregressive Distributed Lag) to conduct an analysis of the FDI-Trade-Growth relationships using the time series data from 1970 to 2016 and a conducted case study of South Korea provided for practical implication on cooperative strategies between Myanmar and Korea. Findings - Export equation was chosen through the diagnostic tests. Our main findings can be summarized as follows: Export in Myanmar is positively influenced by labor force, FDI, capital formation and negatively impacted by import and instable inflation rate in the long run. In the short run, GDP and import positively influence export. The Granger causality test proves that Myanmar is an FDI/labor force-led Growth economy, where FDI and labor force are main drivers of export followed by GDP in Myanmar. The case study of South Korea provided that Korea's tax and credit system for promoting export-led FDI industries and cooperative units for joint ventures between Korea and Myanmar in export-led FDI industries are recommended. Originality/value - No study has yet to be conducted on the interrelationships of macroeconomic factors from the perspectives of FDI-Trade-Growth Nexus in Myanmar under the assumption of labor force and inflation rate as fundamental conditions. The current study also covered a relatively longer period of time series data from 1970 to 2016. This paper also conducts a case study of South Korea's experience in order to evaluate the findings and provide better policy implications.

• Asian Journal of Business Environment
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• 제11권1호
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• pp.17-25
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• 2021

Purpose: This study extends previous empirical work on the threshold effects of institutions on the relationship between infrastructure and economic growth. It does so by using three sub-indices of institutions as the threshold variable in place of aggregate index. This is with a view to determining the roles of the sub-indices in the nexus between infrastructure and economic growth. Research design, data and methodology: The analysis is based on a dynamic panel threshold regression model using a panel data set comprising 41 countries in Sub-Saharan Africa over the sample period of 1996-2015. Data are obtained from Ogbaro (2019). Results: The study finds that infrastructure exerts significant positive effects on economic growth below and above the threshold values of the three sub-indices, with higher effects above the threshold values. Results also show that on average, the Sub-Saharan African countries are not able to satisfy any of the threshold conditions, which accounts for their poor growth experience. Conclusion: The study concludes that countries with weak institutions do not benefit maximally from infrastructure development policies. The paper, therefore, recommends that countries in Sub-Saharan Africa need to focus on improving their institutional patterns if they are to reap the optimum benefits from their infrastructure development efforts.

• Asian-Australasian Journal of Animal Sciences
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• 제1권3호
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• pp.149-152
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• 1988

Postweaning performances of steer from 11 to 18 months of age under intensive feedlot condition were examined in Brahman and Santa Gertudis cattle breeds which have been established in Paraguay. Fitting of growth data in each breed to an empirical growth model with non-linear least square analysis resulted in the following age(t; months) - weight(w; kg) function made out each breed: w=638.26($1-2.341e^{-0.010965t}$) for Brahman and w=716.38($1-2.365e^{-0.10741t}$) for Santa Gertrudis. The estimated mature size of Brahman steers(638 kg) was 11% lower than that of Santa Gertrudis steers(716 kg). However, slightly larger k value (rate of maturing) of Brahman steer in the mechanistic model suggested relatively earlier maturing tendency in the breed. No significant differences in dressing percentage (Brahman, 59.3%; Santa Gertrudis, 58.8%) of chilled carcass weight to live-weight were observed between breed.

• The Journal of Asian Finance, Economics and Business
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• 제9권4호
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• pp.197-212
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• 2022

The study uses the audited financial statements of 26 Vietnamese commercial banks listed on the Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Stock Exchange (HOSE) during the 2008-2018 period to estimate the system GMM model, which provides empirical evidence on the effect of the variables of customer deposit to total assets (DEPO) ratio, loan to assets (LTA) ratio, liquidity of commercial banks (LIQ), credit development (CRD) ratio, external funding (EFD) ratio, and credit loss provision (LLP) ratio on liquidity risk. The study confirms that commercial banks' internal factors play the most important role, and there is no empirical evidence on macro variables that affect liquidity risk. Finally, in accordance with the theoretical framework, the study uses an estimation method with the R language and the bootstrap methodology to give empirical proof of the nonlinear correlation and U-shaped graph between commercial bank size and liquidity risk. The importance of commercial bank size in absorbing and moderating the effects of liquidity shocks is demonstrated, however, excessive growth in commercial bank size would increase liquidity risk in commercial bank operations.

• 한국군사과학기술학회지
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• 제11권5호
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• pp.107-115
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• 2008

In this paper, we have proposed a wear growth prediction method on the surface of rubber pad of track assembly installed in high-speed battle tank i.e. the automatic model updating code interfacing with commercial finite element simulation software. Also, simple and resonable geometrical, material finite element model was established to be easily updated based on the empirical threshold value of contact pressure on the contact surface. From the iterative model update and analysis results, we discovered a weak point on rubber pad surface and suggested a new design concept for improving the wear performance of track assembly.

• KDI Journal of Economic Policy
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• 제41권3호
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• pp.77-96
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• 2019

This paper examines the relation between the skill premium and international trade given differences in the relative supply of skills across countries while allowing the South (developing countries) to develop its appropriate technology. Typical assumptions put forward in the literature state that either technology is exogenously given, or technical change is allowed only in the North (developed countries). I present a model of international trade with endogenous growth by allowing the South to direct its technology. The results show that more R&D is directed towards skill-augmenting technology in the North than in the South, in sectors with the same skill-intensity. Technical change induced by lowering trade costs can increase the skill premium in both the North and the South. This result can explain the empirical observation that the skill premium has increased within many developing countries after they experienced trade liberalization. Finally, the model predicts larger gains from trade compared with the model where technical change is either not allowed, or allowed only in the North.

• 자원ㆍ환경경제연구
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• 제12권3호
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• pp.515-529
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• 2003

본 연구는 자본과 노동의 요소투입물의 증가가 환경오염의 증가를 유발한다는 Byrne (1997)모형과 기술축적도 환경오염을 유발하는 Bovenberg and Smulders (1995)모형을 혼합한 이론적 모형을 구축하고 경제성장률 제약조건식을 도출하여 경제성장과 환경오염관련 변수 간의 관계를 실증분석하였다. 도출된 경제성장률 조건식에서 경제성장률은 상대적인 소비와 오염의 비효용이 감소할수록, 할인율이 감소할수록, 오염저감기술수준이 증가할수록, 기술생산성 파라메타가 증가할수록 증가함을 보였다. OECD 20개국 패널자료를 이용한 실증분석에서 노동생산성이나 총고정자본, 기술이전과 같은 성장관련 주요 변수들은 모두 유의한 것으로 나타나 경제성장 관련 기존의 연구결과와 다르지 않았다. 그러나 경제성장에 대한 환경오염변수의 추정계수가 유의한 값으로 나타나지 않아 이론적으로 도출한 경제성장률조건식의 설명에 한계가 있으나 오히려 환경쿠즈네츠곡선가설의 존재여부를 판단할 수 있는 실증분석 연구과제를 남기는 데 의미가 있다고 본다.

• 품질경영학회지
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• 제41권4호
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• pp.601-610
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• 2013

Purpose: The purpose of this paper is to analyze the relationship between R&D investment and growth rate of manufacturing firms in Incheon. Methods: The balanced panel data of 246 firms which have existed for the period 2001-2012 are constructed. As a method of analysis, fixed effects panel data model is used. Results: There is a one year lag in the relationship between R&D intensity and the subsequent sales growth of firms and its relation depends on the firms' characteristics. Conclusion: We suggest the emphasis on R&D investment for firms' growth and the differentiated R&D program based on firm size. This article has the limitation that various types of R&D investment cannot be included in this analysis.

• 한국IT서비스학회지
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• 제11권3호
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• pp.89-101
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• 2012

The study investigated if IT investment in Korean financial markets for the past 18 years has grown following the s-curve pattern based on Nolan's growth model in order to find the correlation between IT investment and management performance in the financial industry. According to the research finding it can be said that the overall financial markets maintain s-curve pattern, and IT investment is related to management performance, particularly increase in total assets and net profit. However, each sector has defining features of growth patterns. The banking industry has grown similarly to the s-curve, and the insurance industry also shows the s-curve but it looks more like linear pattern. In terms of securities industry, its growth patterns can hardly be considered s-curve due to the irregular changes. his research outcome illustrates the analysis of IT growth patterns in the financial industry and thus, it is expected to be a useful reference when deciding the appropriate time for IT investment in the financial industry.

• 국제지역연구
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• 제15권2호
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• pp.151-173
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• 2011

본 연구의 목적은 1979년부터 2008년까지 30년 기간 동안 중국에 있어서 경제성장에 영향을 미치는 중요 요소와 요소별 기여수준을 파악하기 위한 것이다. 이를 위하여 고정효과모형과 확률효과모형을 활용하였으며, 적합모델을 선택하기 위하여 Hausman 검정을 활용하였다. 본 연구의 결과 지역금융변수(rsav)가 6개 모형에서 그리고 사회간접자본변수(rsoc)가 2개 모형에서 경제성장에 대해 부(-)의 관계를 보였으나 나머지 3개 변수는 전 모델에서 경제성장에 대해 정(+)의 관계를 보이고 있는 것으로 나타나고 있다. 그리고 노동력 변수의 영향은 서부지역과 동북지역의 경우를 제외하고는 기여율이 상당히 낮은 것으로 파악되었다. 본 연구는 중국의 1인당경제성장률에 대한 각 성장요인의 의미를 찾았는데, 전국모형의 경우 자본의 기여율이 35.9%로 나타난 반면 노동기여율은 4.7% 수준에 불과한 것으로 분석되었다. 그리고 모든 모형에서 자본(rcap)이 중국경제 성장에서 가장 중요한 요인으로 입증되었다.