• Title/Summary/Keyword: GDP contribution

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Estimation for Economic Scale of Radioactive Usage in Korea using Input-Output Table 2005 (2005년 산업연관표를 이용한 우리나라의 방사선 이용의 경제규모에 대한 추정 연구)

  • Kim, Yoon-Kyung
    • Journal of Korea Technology Innovation Society
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    • v.13 no.4
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    • pp.772-793
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    • 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.

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International Trade and Logistics of Kazakhstan and Its Trading Partners: Contribution to Economic Growth and Distribution of Trade Flows

  • Zhanarys RAIMBEKOV;Zhibek RAKHMETULINA;Tana ABYLAIKHANOVA;Bakyt SYZDYKBAYEVA;Aigerim RAKHMETULINA
    • Journal of Distribution Science
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    • v.21 no.9
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    • pp.67-79
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    • 2023
  • Purpose: To investigate the intensity of bilateral international trade of the Silk Road Economic Belt (SREB) countries with Kazakhstan, its relationship with logistics (LPI), to assess their contribution to economic growth and distribution of commodity flows. Research design, data, and methodology: The method of analyzing the bilateral trade flow was applied by using the trade intensity index (TII) and a multidimensional regression model describing the relationship between LPI and its components, TII, the volume of exports and imports, GDP. Results: The nature and directions of the relationship between TII and the key components of logistics, the positive impact of LPI on the intensity of trade are established. It is revealed that the intensity of trade between the countries in the direction of the EAEU-Kazakhstan has a greater impact on the growth of LPI than in the opposite direction. At the same time, the higher the level of trade integration and the volume of GDP, the stronger their impact on the efficiency of logistics and distribution of commodity flows. Conclusions: Effective distribution of commodity flows will require the development of logistics components based on the direction of bilateral trade and the size of countries, the intensification of state reforms in the field of international trade and distribution logistics.

Effects of the Real Estate Transaction Tax on Saudi Arabia's Economic Cycles

  • HARIRI, Mohammad Majdi
    • Asian Journal of Business Environment
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    • v.12 no.1
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    • pp.25-33
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    • 2022
  • Purpose: The purpose of this paper is to determine the effects of the Real Estate Transactions Tax (RETT) on the economic cycles of Saudi Arabia. A secondary purpose is to determine the effects of RETT on the construction and real estate sectors of Saudi Arabia. Research design, data and methodology: The data used is retrieved from the General Authority of Statistics, Saudi Central Bank and the World Bank Open Data. Econometric models of multiple linear regression with dummy variables have been conducted to achieve the objectives and to quantitatively verify the hypotheses. Results: With the VAT exemption in real estate transactions and its substitution with RETT, a positive effect on the economy and the real estate sector has been observed. However, this tax reform has not produced any significant effects in the construction sector. Conclusions: The main conclusion of the present research is that the real estate market has a major influence on economic cycles. After the tax reform, a reduction in the contribution of taxes on real estate transactions to GDP was detected. For the construction sector, after the tax reform, it is estimated that there will be an insignificant reduction in the contribution of the real estate price index, and of the taxes on real estate transactions, to GDP.

The Relation between the Income Smoothing and the Consumption Smoothing: the EU Case (EU 국가 소득의 고찰을 통한 소득위험분산과 소비위험분산 간 관계 분석)

  • Song, Jeongseok
    • International Area Studies Review
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    • v.15 no.3
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    • pp.191-213
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    • 2011
  • This study empirically examines whether income smoothing effectively contributes to consumption smoothing. Since international factor movement plays an important role for income smoothing across countries, net factor income across countries deserves more attention in considering income smoothing than attention having been paid by previous studies in the literature. Most of previous studies assume that net factor income has the same degree of effects on consumption as GDP. For the case of 12 EU countries during the period from 1999 to 2010, our empirical investigation observes that the response of consumption with respect to net factor income is severely lower than the response of consumption with respect to GDP, and further net factor income has ignorable effects on the consumption. This evidence implies that the income smoothing via international factor movement is less significant in contributing to the consumption smoothing. In the sequel, our finding suggests that legal and institutional process for transferring net factor income across countries should be eased further to improve contribution of income smoothing to consumption smoothing.

Factors of Korea-China Product Trade According to GVC Changes: Focused on FTA

  • Kwak, Su-Young;Choi, Mun-Seong;Kim, Yong-Hwan;Lee, Do-Hyung
    • Journal of Korea Trade
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    • v.24 no.8
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    • pp.133-152
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    • 2020
  • Purpose - The purpose of this study is to analyze the determinants of commodity trade in Korea and China and to examine the implications of China's GVC shift from export to domestic market on its impact on Korea's trade. Design/methodology - This study selected 30 major trading partner countries. The dependent variable is the trade volume, and the independent variables are general economic factors such as gross domestic product (GDP), GDP per capita, distance, and FTA. Findings - The trade pattern of Korea's commodities shows that GDP has a positive relationship with trade, import, and export. Distance has a significant negative relationship with total trade, import, and export. FTA is significant for import but it is not significant for total trade and export. The trade pattern of China's commodities shows that GDP has a significant positive relationship with total trade, import, and export. Distance has a negative relationship with trade, import, and export. GDP per capita is not significant for total trade and import, but it is significant for export. FTA is significant for total trade and export, but it is not significant for import. Originality/value - Existing papers were studied mainly in certain industrial sectors such as agriculture, manufacturing, automobile industry and steel industry. This paper attempts to collects vast amounts of data about the 30 countries of Korea and China respectively and analyzes by Random Effect Model dividing the goods (0 to 9) in units of STIC (Rev. 4). The major contribution is that the decision factors affecting commodity trade can be analyzed in SITC units (0-9) to obtain analysis results that are subdivided by product group and organized by product.

A Contribution to the National Economy System of Unpaid Household Labor (무보수 가사노동의 국민경제에 대한 기여도 평가)

  • 문숙재;윤소영;김은희
    • Journal of the Korean Home Economics Association
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    • v.40 no.10
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    • pp.161-176
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    • 2002
  • This study is a basic research for the estimation of the value of unpaid household labor within the national economy system to be reflected in the related policy-making. By measuring economic value of unpaid household labor and estimating the ration to GDP, this study attempted to confirm the productivity of the unpaid household labor and thus contribute to the improvement of socio-economic status of women. Especially, it focused on the development of a standard of estimating unpaid household labor as a method applicable to the present economic and legal system. To organize the method of economic valuation of unpaid household labor and calculate the ration to GDP, this study used three approaches: replacement cost method individual function, replacement cost method generalist and opportunity cost method. Although the estimated result revealed that the economic value of unpaid household labor showed a great extent of deviation according to the estimating methods and the wage rate, total value of household labor ranged from one hundred and thirty eight to two hundred and thirty trillion wens, about 28-48% of GDP in Korea.

Fisheries Resources of Sudan

  • Abd El Magid, Magda Ahmed;Elseed, Salah Mahmoud Hamed
    • Journal of Marine Bioscience and Biotechnology
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    • v.3 no.1
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    • pp.42-47
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    • 2008
  • Sudan is the largest country in Africa with an area of $2,505,810km^2$, of water constitutes $129,810km^2$, and cultivable land is 34%. Sudan has a total land boundary of 7,687 km with 9 border countries. This vast country embraces different vegetation patterns reflecting various climatic zones, grading from tropical rain forests in the south through semi-tropical savannah to arid zone in the extreme north, with annual rainfall ranging from 1,600 mm in the south to 25 mm in the north. The aquaculture industry is not developed as yet. Because of their basic characteristics, the Sudan inland and marine capture fisheries are of a small-scale and semi-industrial nature. The demand for fish and fish preparations is growing steadily. The animal resources sector (which includes fisheries) contributes 21% of Sudan GDP. The contribution of fisheries to Sudanese GDP is currently marginal. The per caput supply is only 1.6 kg/year, which is mostly obtained by capture fish landings. Despite the fact that fisheries GDP is extremely low, fish and fish preparations contribute to the food security of a wide sector of the rural and urban communities. Fisheries also provide work opportunities in the form of secondary employment as a source of income that indirectly contributes to household food security.

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Analysis of Impact of Distribution Tool Railway Transport on The Economic Growth of Azerbaijan

  • AKBULAEV, Nurkhodzha;BAYRAMLI, Gadir
    • Journal of Distribution Science
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    • v.20 no.5
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    • pp.23-33
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    • 2022
  • Purpose: The purpose of this article is to study the theory of railway transport in Azerbaijan. And also to determine the economic importance of this mode of transport and analyze its relationship with the country's GDP. Research design, data and methodology: This paper studies the theory of railway transport with a focus on the case of Azerbaijan. The economic value of this type of transport is determined, and its relationship with countries' GDP was analyzed. A qualitative model of multiple regressions was developed to characterize the dependence of the GDP of Azerbaijan on the performance of the railway industry. The feasibility of the Gauss-Markov hypotheses was analyzed. Finally, an economic interpretation of the results from the developed model is provided. Results: The results show that the main factors of this dependence are the length of roads and the average monthly salary of employees of the railway industry in Azerbaijan. Conclusions: Therefore, it can be concluded that rail transport contributes to the country's economy. The commencement of active work on the new railway Baku-Tbilisi-Kars railway will increase contribution to the economy of Azerbaijan. The development of railway transportation is important for the country's economy, as it will contribute to the development of other sectors in Azerbaijan.

Critical evaluation of a Nigerian sub-bituminous coal potential for energy derivation

  • Odeh, Andrew O.
    • Advances in Energy Research
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    • v.4 no.3
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    • pp.203-211
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    • 2016
  • A good understanding of the chemical composition and structural characteristics of a carbonaceous material is essential in conversion processes. Understanding how the composition and structural changes influence the burning behaviour of coal is important when assessing a coal's potential for utilization. To explore the potentials of a typical Nigerian coal, both conventional and advanced analytical techniques such as proximate analysis, ultimate analysis, calorific value, surface area analyser, SEM, FTIR, XRD and SAXS were employed. The results obtained from these characterizations agree favourable well with a typical South African coal that is of enormous contribution to the gross domestic product (GDP) of the nation economy.