• Title/Summary/Keyword: Foreign influence

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The Influence of Foreign Aid on Public Sector Efficiency: A Panel Data Analysis

  • Birendra Narayan SHAH
    • The Journal of Economics, Marketing and Management
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    • v.11 no.3
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    • pp.25-35
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    • 2023
  • Purpose: This paper examines whether foreign aid influences public sector efficiency in policy areas of administration, education, and stability. Research design, data and methodology: The study uses panel data of 77 aid recipient developing countries over the period 2000-2020 and employs various panel data techniques to estimate. Results: We found that a percentage change in foreign aid increases administrative efficiency by 0.02 to 0.04 on average ceteris paribus in the short run. On the other hand, a percentage increase in foreign aid decreases education efficiency by 0.005 to 0.006 on average. While the impact of foreign aid on the policy area of stability is insignificant. Conclusions: The empirical results of this study have important implications for both donors and aid recipient countries. It suggests that to get positive influence from foreign aid, in the area of education and stability, the recipient countries need to increase accessibility of secondary schools with quality education especially; technical and vocational. Also, the donor should provide a minimum threshold amount of foreign aid to developing countries for reforming the institutions' capacity building.

The Effectiveness of Foreign Exchange Intervention: Empirical Evidence from Vietnam

  • DING, Xingong;WANG, Mengzhen
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.37-47
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    • 2022
  • This study uses monthly data from January 2009 to December 2020 to examine the effectiveness of foreign currency intervention and its influence on monetary policy in Vietnam using a Hierarchical Bayesian VAR model. The findings suggest that foreign exchange intervention has little influence on the exchange rate level or exports, but it can significantly minimize exchange rate volatility. As a result, we can demonstrate that the claim that Vietnam is a currency manipulator is false. As well, the forecast error variance decomposition results reveal that interest rate differentials mainly determine the exchange rate level instead of foreign exchange intervention. Moreover, the findings suggest that foreign exchange intervention is not effectively sterilized in Vietnam. Inflation is caused by an increase in international reserves, which leads to an expansion of the money supply and a decrease in interest rates. Although the impact of foreign exchange intervention grows in tandem with the growth of international reserves, if the sterilizing capacity does not improve, rising foreign exchange intervention will instead result in inflation. Finally, we use a rolling window approach to examine the time-varying effect of foreign exchange intervention.

Foreign and Domestic Influence of the First Half of the Twentieth-Century American Furniture

  • Kim, Seong-Ah
    • Journal of the Korea Furniture Society
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    • v.18 no.4
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    • pp.324-336
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    • 2007
  • Throughout the twentieth century, American furniture was subject to a number of influences-both domestic and foreign. Especially, in the first half of the twentieth century, there were strong foreign influences compare to the later half of the century. Therefore, this study aimed for discussing foreign influences and for addressing issues such as attitudes toward materials, ornamentation, and technology. As a result, this study suggests how American furniture becomes instinctive moving away from strong foreign influences from the second half of the century. The twentieth century was a period of rapid and dynamic change for American furniture design. In many ways, the designs throughout the century were reflective of the social, political, and economic culture of the time. With the birth of the modern movement in Europe and a strong influx of foreign immigrants, American design in the first half of the century was characterized by a reliance on European and foreign influences. However, after the two world wars, strong domestic influences came into play. The two world wars provided the essential catalysts for change: new materials, developing technology, and changes in life style and consumer values. A historical examination of design trends and individual designers illustrates how American furniture design evolved during this period.

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A Study on the Foreign Influences(胡風, Hofeng) on the Dancing Costumes in the Tang Dynasty (당대 무용복의 호풍에 관한연구)

  • 윤지원
    • Journal of the Korean Society of Costume
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    • v.49
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    • pp.173-184
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    • 1999
  • In the Tan dynasty it cultural style was very international and its culture actively absorbed other foreign culture. Moreover it was the time when the concept of barbarians(胡, hu) was applied widely and its culture got the tremendous influence from other foreign culture The influence from the barbarians were tremendous in Tang dynasty so that among the ten elements of the Sipbuak(十部樂) in Tang period only ChungSangAk(淸商樂, Qingshangyue) and YenAk(燕樂, Yenyue) were from their own Chinese culture(漢, Han). I wanted to discuss the influences of the Barbarians cultures on the dancing costumes in Tang period for it appeared to me that especially the dancing costume with the introduction of new foreign dances and their distinct styles in costumes would make a great impact on the dressing styles in Tang dynasty On the dancing costumes in tang dynasty we dan find the strong influences by the Barbarian style(胡風, hufeng), and even the authentic Chinese dressing styles of han period appear to be change quite a bit.

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Analysis of the Determinants of Research and Development in the Pharmaceutical Industry Using Panel Study Focused Foreign and Institutional Investors (패널자료를 이용한 제약산업의 연구개발투자 결정요인분석: 외국인투자자와 기관투자가를 중심으로)

  • Lee, Mun-Jae;Choi, Man-Kyu
    • The Korean Journal of Health Service Management
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    • v.9 no.3
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    • pp.247-254
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    • 2015
  • Objectives : The aim of this study was to analyze the influence of foreign and institutional investors in the pharmaceutical industry on R&D investments. Methods : The empirical analysis was done for the years 2009 to 2013 which examined the period after the influence of the financial crisis. Financial statements and comments in general and internal transactions were extracted from the TS-2000 of the Korea Listed Company Association. STATA 12.0 was used as the statistical package for the panel analysis. Results : The results show that the shareholding ratio of foreigner investors turned out to have a statistically significant influence on R&D investment. No statistical significance was found in the shareholding ratio of institutional investors. Conclusions : The findings of this study, which indicate that a higher shareholding ratio of foreigner investors leads to greater R&D investment, indicate that foreign investors directly or indirectly impose pressure on a manager to make R&D investments for the long-term.

RISK MANAGEMENT OF EXCHANGE RATES IN INTERNATIONAL CONSTRUCTION

  • Yong Han Ahn;Paul Holley
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.459-468
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    • 2005
  • International contractors must consider the substantial risks related to unexpected foreign exchange fluctuation incurred by conducting their business and using foreign currencies in foreign countries. Most international contractors attempt to minimize foreign exchange exposure within a manageable range because it may influence the company's fundamental financial structure, reduce market value or profit margins, or disrupt ongoing and future projects. This research provides a qualitative study of existing foreign exchange exposure (transaction, operation, and translation exposure) and current & effective foreign exchange risk management in American and Korean international contractors, as they represent both new and long-time members of the global construction market. Finally, recommendations of techniques for new and existing international contractors to minimize and better manage foreign exchange risk will be offered.

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The Impact of Acculturation Stress on Job Satisfaction - focus on Foreign Cabin Crew working in Korea Airlines - (문화적응스트레스가 직무만족에 미치는 영향 -국내항공사 외국인 객실승무원을 대상으로-)

  • Yoon, Sun-Young
    • Journal of Advanced Navigation Technology
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    • v.17 no.4
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    • pp.449-458
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    • 2013
  • The purpose of this study is to find out Acculturation Stress that impact on job satisfaction focus on foreign cabin crew working in korea airline. the analysis showed the statistically significant meaning nationality had influence on acculturation stress. while working years had not influence on acculturation stress. also nationality and working years had not influence on job satisfaction In addition, acculturation stress had a negative influence on job satisfaction. Based on this study results, it required alternatives for job stress reducing as well as job accomplishment. and it is highly considered nationality differences and we should concentrate on effective system.

Expatriate Staffing and Foreign Affiliate's Labor Productivity: Contingent on Foreign Production Intensity and Cultural Distance

  • Lee, Seungrae;Kim, MinChung
    • Journal of Korea Trade
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    • v.25 no.1
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    • pp.133-151
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    • 2021
  • Purpose - This study examines the effects of expatriate transfer on foreign affiliate's labor productivity. Design/methodology - Using Korean-owned foreign affiliate-level data, we estimate the effect of expatriate transfer on foreign affiliate's labor productivity using the system generalized method of moments model. We also consider foreign affiliate- and host country-specific contingencies and test how they are associated with expatriates in enhancing foreign affiliate's labor productivity. Findings - We consider foreign production intensity and cultural distance between the home (i.e., South Korea) and host countries as key contingencies that influence the effect of expatriates on foreign affiliate's labor productivity. We find that expatriates are effective in enhancing the labor productivity of less production-intensive foreign affiliates. This effect is strengthened as expatriates are deployed to countries that share cultural similarities with the home country. Originality/value - Considering that previous studies provide mixed results on the effect of expatriates, our findings suggest that foreign affiliate-specific operational orientation and cultural distance should be considered jointly to understand the true effect of expatriate staffing on foreign affiliate performance.

The Comparison of Local Policies on Foreign Immigrants in Japan ; A Case Study in Kanagawa Prefecture (일본의 외국인 주민에 대한 지역별 시책비교 -가나가와현을 사례로-)

  • Jo, Hyun-Mi
    • Journal of the Korean association of regional geographers
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    • v.10 no.3
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    • pp.539-553
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    • 2004
  • The main aim of this paper is to analyze the influence of the particular social geographical characteristics and the historical background of an area on the thinking and attitudes of its Japanese locals towards immigrant residents. The results of my research suggest the following three points. Firstly, Japanese locals who were strongly attached to their communities were likely to avoid foreign residents. In the areas where new residents were dominant in the community local people were relatively open and accepting to foreign residents. Secondly, age and occupation were influential factors that made some impact on the attitudes of Japanese locals towards foreign residents. When local and foreign residents carried out the same type of occupations Japanese locals were antagonistic with immigrant residents. Finally, the feelings and attitudes of Japanese locals towards migrant residents deeply affected the policies of local governments with regard to treatment of foreign residents, while the policies of local governments for foreign residents might influence the thinking of Japanese local residents about the foreign residents.

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