• Title/Summary/Keyword: Forward participation

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Relationship between the GVC participation and the productivity in the Chinese Manufacturing Industries (중국 제조업에서 GVC 참여 정도와 위치가 생산성에 미친 영향 실증 분석)

  • Jingbu Wang;Keunyeob Oh
    • Korea Trade Review
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    • v.46 no.3
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    • pp.45-63
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    • 2021
  • This paper investigates the effects of China's participation in global value chains (GVC) on the productivities focusing on the manufacturing industries. In this study, several indicators of participation in global value chains were used. These include GVC participation, forward GVC participation, backward GVC participation and GVC position index. In particular, we used the data obtained from 18 manufacturing industries in China during 15 years from 2000 to 2014. The main results of the analysis are as follows. First, the higher the degree of total participation in GVC, the higher the productivity. This means that with the increase in exports and imports of intermediate goods, productivity has increased through technology spillover effects or competition effects, and so on. Second, the backward participation does not increase the productivities significantly while forward participation leads higher productivity. Third, the productivity improvement effects of GVC participation was larger in the high-tech industries than in the low-tech industries. These results show that GVC participation was helpful for the economic growth of China and the efforts for moving toward upstream production stage in GVC is necessary for the improvement of international competitiveness in Chinese manufacturing industry.

The Impact of Weakened Global Value Chain on the Productivity of Sectors and Firms in Chungnam Area (글로벌 가치사슬 약화가 충남지역 산업 및 기업 생산성에 미치는 영향)

  • Kiyoung Jeon;Soo-Yeon Park
    • Korea Trade Review
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    • v.46 no.3
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    • pp.25-44
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    • 2021
  • This paper analyzes the impact of the recent change in global value chain on the productivity of manufacturing sectors and firms in Chungnam area using ADB MRIO. Forward participation significantly increases sector productivity in Chungnam area and backward participation affects the sector productivity after 2015. In the analysis for firm productivity in Chungnam area, GVC participation does not enhance the productivity of firms in Chungnam area. However, firms in the top 25% of productivity in 2007 improved their productivity with higher GVC participation and the productivity of firms in the top 25% of asset in 2007 was positively affected by forward pariticipation and negatively affected by backward participation. The productivity of firms that were in international market in 2007 was significantly worsened by GVC participation.

The Impact of Global Value Chains on Inflation: Focus on South Korea and China (글로벌 가치사슬이 인플레이션에 미치는 영향 분석: 한국과 중국을 중심으로)

  • Xiao-min Li;Ki-young Jeon
    • Korea Trade Review
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    • v.48 no.4
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    • pp.93-119
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    • 2023
  • This study analyzes the impact of global value chain (GVC) participation on inflation in South Korea and China using OLS regression analysis. It compares the results before and after the global financial crisis. The findings are as follows: Firstly, the GVC participation of both South Korea and China negatively affects their inflation rates. When analyzing the GVC participation separately for forward and backward participation, it was observed that the forward participation of both countries negatively influences inflation. However, the backward participation of South Korea and China positively impacts inflation. Secondly, after the global financial crisis, there were differences in the analysis results for South Korea and China. The influence of GVC participation on inflation was not statistically significant for both countries. However, when analyzing the impact of forward and backward participation separately, China showed mostly insignificant effects on most inflation indicators. In contrast, South Korea's forward and backward participation seemed to have an expanding effect on inflation. This may be attributed to China's attempt to shift external demand to domestic demand and replace imported intermediate goods with domestic products, leading to a reduction in the impact of GVC participation. On the other hand, South Korea continued to show a relatively low decrease in GVC participation after the global financial crisis, indicating that the impact on inflation remains significant.

A Comparative Analysis on the Effect of GVC Participation on the Export Competitiveness of Manufacturing and Service Industry (GVC 참여가 제조업과 서비스업 수출경쟁력에 미치는 영향 비교분석)

  • Hye-Jin Oh;Rui-Hui Yu;Hee-Cheol Moon
    • Korea Trade Review
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    • v.45 no.4
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    • pp.153-169
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    • 2020
  • This study compares and analyzes the effects of GVC participation on export competitiveness in manufacturing and service industry in 36 OECD countries and 28 non-OECD countries. According to the statistical analysis result, the GVC participation had a negative impact on export competitiveness in manufacturing industry, while it had a positive impact in the service industry. In the case of the manufacturing industry, participation toward the backward GVC had a positive impact on export competitiveness before the financial crisis, besides, participation toward the forward GVC had a positive impact on export competitiveness. In the case of the service industry, export competitiveness through forward GVC participation has increased since the financial crisis has occurred, and backward GVC participation was estimated to have a negative impact on export competitiveness. The results of this study implies that, to secure export competitiveness, a converged approach of the manufacturing and service industries to upgrade the global value chain is needed.

Participation in GVCs and Income Inequality (글로벌 가치사슬에서 전방참여와 후방참여가 소득불평등에 미치는 영향)

  • Li, Jia-En;Choi, Young-Jun
    • Korea Trade Review
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    • v.44 no.2
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    • pp.269-282
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    • 2019
  • This study analyzes the effects of participation in the global production network on the income inequality using panel data from 2005 to 2016 for 63 countries. In this study were used fixed effects model with autocorrelation, random effect model with autocorrelation and the GLS method. Results are as follows: First, the economic development level supports the Kuznets hypothesis. And then, the forward participation in global value chains increased income inequality, and the backward participation decreased income inequality. In order to derive more detailed estimation results, we analyzed OECD countries and non-OECD countries. First, OECD countries featured decreased, but increased beyond a certain level as a U-shaped curve, that did not support the Kuznets hypothesis. In contrast, non-OECD countries followed the Kuznets U-curve. Second, participation in the global production network showed that both OECD and non-OECD countries featured increased income inequality. In contrast, backward participation appears to mitigate income inequality both in OECD and non-OECD countries. Finally, the ratio of labor and capital is significant in mitigating income inequality in non-OECD countries in which they feature backward participation in production networks. This can be interpreted as developing economies participate in the global production network due to increased capital accumulation and increased the labor productivity.

Impact of Government Response to COVID-19 on the Role of GVC and Transportation

  • Hyuksoo Cho;Sang-kyun Kim
    • Journal of Korea Trade
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    • v.27 no.2
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    • pp.22-46
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    • 2023
  • Purpose - study aims to investigate the relationships between global value chain (GVC)- and transportation-related determinants and economic performance. Also, moderating effects of COVID-19 on the relationships are theoretically and empirically discussed. A limitation of previous studies includes their over-reliance on the opportunities of GVC participation and larger transportation. This study represents the challenges associated with them. Also, it shows how GVC and logistics can be difficult in case of a market fluctuation such as COVID-19. Design/methodology - The sample for this study includes 828 observations from 138 countries. A semi-panel data set has been used. Six observations for each country are used to empirically test the hypotheses and a Two-way cluster model is conducted. Findings - It is confirmed that GVC forward participation contributes more than the backward participation to enhance performance. Transportation infrastructure is critical, but large scales of marine and air transportations are not positive in terms of economic performance. Stricter government response to COVID-19 negatively moderates economic performance by GVC backward participation and transportation infrastructure. Originality/value - The spread of COVID-19 is causing a severe collapse of GVC and transportation. This study empirically verifies the moderating effects of the government stringency on GVC and transportation. Previous studies usually discuss a positive impact of GVC and transportation size on economic performance. However, this study aims to show various challenges behind GVC participation and large scale transportation.

The Study on Actualizing the Participation and Community in the Public Shipping e-marketplace (공개형 해운전자시장의 참여와 커뮤니티 활성화에 관한 연구 - 정기선 해운운임을 중심으로 -)

  • Kim, Suk-Yong
    • Journal of Korea Port Economic Association
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    • v.22 no.2
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    • pp.109-133
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    • 2006
  • The Study investigated economic effects and the conditions in the public Shipping e-marketplace. For efficient operation of the public Shipping e-marketplace, this study analyzed how do the participation and community actualize in the public Shipping e-marketplace actualize. According to the research results of the Shipping Cooperations, For Promoting participation in the public Shipping e-marketplace, the Cyber-intermediary operating public Shipping e-marketplace provides timely shipping information, needs publicity strategy generating more benefits than offline transaction, and gives a conviction of the searching costs and transaction costs decrease. Second For promoting community, the Cyber-intermediary must playa major role in electronic community and drive forward continuous publicity strategy in the public Shipping e-marketplace.

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The Effects of Virtual Reality Games in Posture Correction Exercise on the Posture and Balance of Patients with Forward Head Posture

  • Son, Ho-Hee
    • Journal of the Korean Society of Physical Medicine
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    • v.15 no.2
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    • pp.11-21
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    • 2020
  • PURPOSE: This study examined the effects of posture improvement exercise using virtual reality programs on the posture and balance of patients with forward head postures. METHODS: Thirty men and women in their 20 s, who had a forward head posture, were divided randomly into a group with posture correction exercise and a group with posture correction exercise combined with virtual reality programs. The posture correction exercise was composed of squats, XCO training, and chin-tuck exercise. In contrast, exercise with virtual reality games involved the Hot Squat, Climbey, and Baskhead programs while wearing a headset. Both groups performed the exercises 15 min a day, three times per week, for four weeks. The balance ability, distance between the acromion and earlobe, and neck joint range of motion were assessed before and after the exercises. RESULTS: Both groups showed significant reductions in the distance between the acromion and the earlobe, along with significant improvements in the range of joint motion. The group that performed the virtual reality exercises showed a significant increase in the limit of stability. Both groups showed a significant decrease in the sway length. In contrast, the group given the virtual reality exercises showed a significant reduction in the sway speed while standing with their eyes closed. CONCLUSION: Exercise applying virtual reality programs can be used in clinical and home programs to correct the postures of individuals with a forward head posture because they can trigger interest in inducing active participation.

Effect of 2 Weeks Backward Walking Exercise on Cervical Angle and Gait Parameters in College Students with Forward Head Posture (2주간 뒤로 걷기 운동이 앞쪽 머리 자세 대학생들의 목뼈 각도와 걸음 변수에 미치는 영향)

  • Park, Han-Kyu;Park, Jin
    • Journal of The Korean Society of Integrative Medicine
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    • v.9 no.3
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    • pp.135-144
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    • 2021
  • Purpose : The purpose of this study was to investigate the effect of 2 weeks of backward walking exercise (BWE) on cervical angle and gait parameters in college students with forward head posture. Methods : Fifteen subjects participated in the experiment. All the participants had a craniovertebral angle (CVA) of 55 degrees or less. The purpose of the study was explained to all the subjects prior to participation, and volunteered to take part in the study. A camera capable of taking pictures of the lateral plane was installed at a distance of 1.5 meters from each subject. Images of forward head posture were obtained before and after performing the BWE, and the CVA and craniorotational angle (CRA) were compared pre- versus post exercise. Foot pressure and gait parameters (step length of left and right, stride length, stance of left and right, swing of left and right, step time of left and right, and stride time) were measured using a rehabilitation treadmill. The subjects performed the BWE for 2 weeks. The exercise program consisted of a 5-minute warm-up exercise, 20-minute main exercise, and 5-minute cool-down exercise. In the main exercise, the treadmill speed was set to 2.4 km/h in the first week and 3.4 km/h in the second week. A paired t test was used to compare the CVA and CRA and gait parameters before and after the exercise. Results : Comparison of the CVA and CRA before and after the BWE revealed a significant difference post exercise, with a marked improvement in forward head posture after the exercise (p<.05). Conclusion : Based on the results of this study, the BWE is considered to be an effective exercise for the forward head posture. Also, additional research is needed to shed light on the impact of the BWE on gait parameters.

The Effect of Lab Classes Satisfaction of Culinary-Related Majors on Academic Stress and Class Participation in Local Colleges

  • Pyoung-Sim Park
    • Journal of the Korea Society of Computer and Information
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    • v.29 no.7
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    • pp.181-190
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    • 2024
  • This study investigated the degree of influence of satisfaction with lab classes related to the culinary arts major on academic stress and class participation in the major. This survey was conducted on 228 first-year students majoring in culinary arts at six junior colleges in the Gwangju, Jeonnam and Jeonbuk regions in the second semester of 2023. For data processing, SPSS Ver. 25.0 was used. We conducted general characteristics, reliability analysis, exploratory factor analysis, correlation analysis, multiple regression analysis on the survey data. As a result of this study, first, it was found that there was a correlation between the sub-components of satisfaction with cooking-related lab classes and academic stress and class participation. Second, the influence of satisfaction with cooking lab classes on major academic stress was found to be significant. Third, satisfaction with cooking lab classes had a significant influence on class participation in major classes. In conclusion, satisfaction with lab classes in cooking-related majors at local community colleges was found to have an effect on academic stress and class participation. In the future, we look forward to follow-up research on how culinary practice experience before entering college affects satisfaction with practical training classes, academic stress, and career and employment preparation.