• The Korean Journal of Applied Statistics
• /
• v.24 no.5
• /
• pp.745-758
• /
• 2011

An Economic Sentiment Indicator(ESI) is a composite indicator of business survey indices(BSI) and consumer survey indices(CSI). The ESI designed to reflect economic agents' (this includes producers and consumers) overall perceptions of economic activity in a one-dimensional index. The European Commission has published an ESI since 1985. This paper demonstrates the construction of an ESI for the Korean economy. The BSI and CSI components (having a high correlation and a leading feature with respect to GDP) are selected to construct the ESI and they are aggregated using a weighted average and then scaled to have a long-term average of 100 and a standard deviation of 10. Thus values greater than 100 indicate an above-average economic sentiment and vice versa. The newly constructed Korean ESI that extends to January 2003 shows a good tracking performance of GDP and adequately reflects the overall perception of economic activity.

• Journal of the Korean Data and Information Science Society
• /
• v.28 no.6
• /
• pp.1313-1325
• /
• 2017

Economic statistics such as GDP, consumer prices, balance of payments, and unemployment rates are regularly measured over time. One of the best way to understand economic statistics is to visualize economic statistics as a picture. This makes it easier to grasp patterns of economic statistics and to communicate with users. The web technologies and the visualization tools make it possible to create dynamic and interactive visualization of economic statistics. Statistics Korea and the Bank of Korea provide various data visualization relating to official statistics such as infographics and dynamic charts. This paper presents an overview of visualization of Statistics Korea and the Bank of Korea. It also discusses a future direction to explore the visualization of Korean economic statistics.

• The Journal of the Korea Contents Association
• /
• v.19 no.8
• /
• pp.535-543
• /
• 2019

This study was conducted to find a pathway from the general government debt to GDP ratio(GDR) to the age standardized Suicide Rate(suicide rate). The variables used in this study are GDR, the consumer price index for living necessaries(CPIL), the household debt to GDP ratio(Household Debt), and suicide rate. The data used in this study were standardized data from 2001 to 2015 of Korean Statistical Information Service(KOSIS) and the path analysis was performed using the analysis IBM SPSS 22 and Amos. As a result of the path analysis, the path of GDR-CPIL-Household Debt-Suicide rate, and the direct of effect were in order 0.954, 0.904 and 0.675 were confirmed. The indirect effect of GDR on Household Debt is 0.862, GDR on Sucide Rate is 0.581, CPIL on Suicide Rate is 0.610. Neither of these indirect effect coefficient was significant(p>0.05).

• Communications for Statistical Applications and Methods
• /
• v.16 no.1
• /
• pp.41-50
• /
• 2009

Chain-linking is a method for aggregating volume measures which would improve the quality of estimates of economic growth over the present fixed base in Korea. There is a risk that choice of chain-linking techniques such annual overlap, one-quarter overlap or over-the-year overlap may create an artificial seasonality to the volume series. The empirical results on Korean GDP suggest that the use of the annual overlap is recommended. And conducting seasonal adjustment after chain-linking to produce the chain-linked seasonally adjusted GDP is more appropriated in Korea.

• Journal of the Korean Society for information Management
• /
• v.38 no.3
• /
• pp.335-356
• /
• 2021

This study analyzed the trends and current status in public libraries in Korea for 14 years, focusing on the overview and facilities of public libraries using public library statistics from 2007 to 2020. The research data were collected from the National Library Statistics System and compared with the population and GDP per capita of Korea. As a result, the number of public libraries in Korea is 1,172 as of 2020, which has nearly doubled compared to 2007, and it was found that this increase has a very strong correlation with GDP per capita and population. There were 229 contracting out public libraries operating by the local government in 2020, and the contracting out rate increased from 18.8% in 2007 to 25.1%. Although the site area of public libraries varies greatly from library to library, it tends to get larger over time. The total floor area of public libraries operating by the Office of Education is larger than that of public libraries operating by the local government, and it gradually increases over time, but the total floor area of public libraries operating by the local government have decreased slightly. The total number of seats in the library is decreasing in all libraries, and the reading seats for children and the reading seats for the elderly and the disabled tend to slightly increase.

• International Commerce and Information Review
• /
• v.14 no.3
• /
• pp.307-322
• /
• 2012

The purpose of this paper is to examine determinants of export to the East Asia region, using panel unit root, panel cointegration framework, panel VECM (vector error correction model), panel FMOLS (fully modified OLS). Different panel unit root tests confirm that the data series are integrated processes with unit roots. When applying cointegration tests to long-run effect for aggregate panel data, a primary concern is to construct the estimators in a way that does not constrain the transitional dynamics to be similar among different countries of the panel. The regression equations are estimated by various panel cointegration estimators. The panel data causality results reveal that exchange rates has unidirectional effects on export and GDP, and there exists bidirectional causality between export and GDP. Also, the results from the panel FMOLS tests overwhelmingly reject the null hypothesis of zero coefficient. The panel cointegrating vectors show that the export has positive relationship with the GDP and ODI (overseas direct investment).

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• autumn
• /
• pp.57-63
• /
• 2002

The construction market has a major impact on the overall United States economy. Recent statistics estimate the gross domestic product (GDP) of the U.S. construction industry at some $416.4{\$}$ billion dollars, representing approximately $4.5\%$ of the U.S. GDP. Because the business environment in construction is highly competitive, the participants in the industry must improve their performance and processes to survive. Hence, Benchmarking has been generating interest in the construction industry. This paper provides an overview of the CII Benchmarking and Metrics Program. Following some background and a descriptive discussion of the database, an abridged presentation of result of data analysis. The adoption of benchmarking in Korean construction industry can be another opportunity to improve Korean construction industry.

• Korean Journal of Construction Engineering and Management
• /
• v.14 no.6
• /
• pp.70-77
• /
• 2013

Construction industry is broadly agreed as one of the most important sectors of any economy around the world. In this paper, time series data of Korean construction industry and Korean economy are examined. The Bon's proposition will be inspected for Korean context using both cross-sectional and longitudinal analyses. The analysis of the longer than four decades national account statistic of the Korean macro economy verify Bon's proposition of an inverted U-shaped relationships. The verified U-shaped relationships for Korean context exist not only in terms of the construction share in total GDP but also in terms of total construction volume as an economy develops from LDC to NIC and then to AIC eventually with time. The results of the thesis show that the contribution towards the macro economy has varied across different stages of development.

• International Area Studies Review
• /
• v.21 no.4
• /
• pp.19-39
• /
• 2017

The purpose of this paper is to investigate the impact of terms of trade and its volatility on real GDP and inflation. I estimate the linear and dynamic panel model including variables such as real GDP, inflation, terms of trade, capital stock, employment and education. The sample countries consist of OECD 26 countries and panel data ranges from 1990 to 2015. The empirical results show that terms of trade and its volatility do not affect the real GDP significantly. Even if the terms of trade has a negative relationship with real GDP, the magnitude of the estimated coefficients was very small. This result seems to be related with the industry structure and domestic demand structure of the member countries. On the other hand, terms of trade and its volatility have the significant impact on inflation. When the terms of trade and its volatility increase, the inflation increases.

• Journal of Korea Technology Innovation Society
• /
• v.13 no.4
• /
• pp.772-793
• /
• 2010

In this paper, author estimated economic scale of radiation usage in Korea using Input-Output table 2005 and other micro data published. This estimation focused all kind of radiation usage in whole economic activity. Estimation of economic scale is quantitative analysis for how much radiation usage increase productivity and welfare. Economic scale estimation of radiation usage in Korea 2005 is 6,297 Billion Won and it occupies 0.74% of GDP. It is smaller level compared with that of US and Japan. It is 1.5% of GDP in US (1997) and 1.2% of GDP in Japan (2005). Radiation usage in industrial sector is 5,775 Billion Won and it is 0.68% of GDP. Radiation usage in agriculture sector is 171 Billion Won and it is 0.02% of GDP. Radiation usage in medical sector is 351 Billion Won and it is 0.04% of GDP. This implied that radiation usage in industrial sector is larger than other sector. Use of medical radiology may be enlarge in the future due to population structure. The result that radiation usage occupied 0.74% of GDP arouse contribution of radiation usage in daily life. It helps people to have more understanding and public acceptance for radiation.