• Proceedings of the Safety Management and Science Conference
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• 2007.11a
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• pp.503-516
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• 2007

USA has distinct differences of economic policy by a ruling party. And, USA economy has mainly influenced on it of Korea. So, we examine whether a ruling party of Korea has different regime including rate of return in stock market. The Republican Party and Democratic Party have based on Milton Friedman and Keynes economy at each other's economic policy in the USA The Republican Party and Democratic Party have different interest level and excess return on equity, GDP growth rate, unemployment rate. Also, a ruling party of Korea has different regime and economic activity in this paper.

• Korea Journal of Hospital Management
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• v.15 no.4
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• pp.1-26
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• 2010

We achieved both industrialization and democratization during the shortest period in the world. We also achieved good performance in national health insurance: universal coverage, solidarity in financing, equitable access of health care. However, national health insurance system has faced the problem of sustainability: various expenditure and financing problems. The problem of sustainablity has two facets of economic sustainability and fiscal sustainability. Economic sustainability refers to growth in health spending as a proportion of gross domestic product(GDP). Rapid increasing rate of health spending exceeds the growth rate of domestic product. Growth in health spending is more likely to threaten other areas of economic activity. Concern on fiscal sustainability relates to revenue and expenditure on health care. Health care financing face demographic and technical obstacles. Democratic obstacle is aging problem. Technical obstacle is collection of contribution. Expenditure of health care has various problems in benefit structure and efficiency of health care system. In this article, I suggest several policy reforms to enhance sustainability: generating additional revenue from value added tax, changing method of levying contribution, increasing efficiency of health care system by introducing the competition principle. restructuring of benefit scheme of health insurance. contracting with health care institutions to provide health care services.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.833-840
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• 2021

This paper examines the effect of the interest rate set by Bank Indonesia on financial system stability as measured by the credit gap in Indonesia for quarterly data for the period 1976 Q1 to 2019 Q4. We suppose that the relationship between the Central Bank rate and the credit gap is non-linear. Hence, this study applies a smooth transition regression (STR) model to investigate the relationship between these variables. Our results are: first, by performing STR estimation we obtained a threshold level of Central Bank rate of 2.01. Second, a decrease in the Central Bank rate results in a reduction in the credit gap when the Central Bank rate is above or below the threshold level. The effect of the Central Bank rate is five times greater for the high regime than for the low regime. Third, we find evidence that the effect of the exchange rate, economic growth, inflation, and GDP per capita on the credit gap for the high regime is the opposite of the low regime. We suggest that policymakers need to keep the Central Bank interest rate low and stable so that the role of the bank as a financial intermediary remains stable and conducive to strengthening financial stability.

• Journal of Korea Port Economic Association
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• v.23 no.4
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• pp.49-69
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• 2007

The purpose of this study is to analyze contribution factors of economic growth through growth accounting analysis in Korean port-logistics industry. Comparing with the average level of entire industry for 1990-2003, the contributions of total factor productivity and labor in port-logistics industry were high, but that of capital stock was very low. The pattern of growth in Korean port-logistics industry has greatly changed before and after Korean financial crisis. Before the 1997 financial crisis, the economic growth rate of port-logistics industry was 14.1%, which is higher than that of the whole industries, 7.7% for 1990-1998. Main contribution factors of the economic growth rate were the growth of capital stock and productivity, but ratios of their contributions were relatively low and did not come up to that for the whole industry. After the financial crisis, annualized growth rate of GDP in port-logistics industry had rapidly declined at 5.4% for 1998-2003, which did not get to that of the entire industry (10.1%). The main contribution factors of the economic growth rate over the 1998-2003 period were capital stock 13.1%, labor 57.0 %, and total factor productivity 29.9 %, Such growth pattern as excess dependence on growth of labor brought reduction of the rate of economic growth with degradation of productivity growth in the Korean port-logistics industry.

• Proceedings of KOSOMES biannual meeting
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• 2008.05a
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• pp.69-74
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• 2008

The aim of this paper is to calculation benefit cost for development of Hwawon leisure & tourism complex. To calculation benefit cost, this paper propose a advanced travel cost method(ATCM) which is to consider Improved travel cost method(ITCM) and variable traffic units with confidence degree cf decision-maker. At the result of calculation, total benefit costs are 292805 million won at 52% of confidence degrees and 10% discount rates.. Also total benefit cost is 304517 million won at 4% of GDP growth rate is 4%.

• The Southeast Asian review
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• v.27 no.2
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• pp.273-295
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• 2017

The Philippines in 2016 showed the highest GDP growth rate among Southeast Asian countries, in spite of domestic and international turbulence caused by the war on drugs and unexpected foreign policies after Duterte's presidency. The social contexts and political dynamics behind 'Duterte phenomenon' have raised key questions and issues to other countries including Korea, as to democracy and politics in current neoliberal challenges. The Philippines' choices for independent foreign policy and challenges against existing hegemony would continue to draw attention, particularly on whether this would end in an experiment of a country or initiate an alternative power block among neighboring countries and ASEAN communities.

• Journal of Distribution Science
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• v.20 no.4
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• pp.77-83
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• 2022

Purpose: This study aims to find the impact of international trade cooperation and distribution on foreign direct investment (FDI). The study also tests the impact of lag variables of trade cooperation and distribution on FDI in the future. Research design, data, and methodology: Autoregressive Distributed Lag model is applied to analyze the impact of chosen variables such as total trade (TRADE), trade openness (OPEN), the exchange rate (EXR), inflation (INF), and gross domestic growth (GDP) on FDI. Quarterly data is collected from Vietnam General Statistic Office, Vietnam General Department of Customs, International Monetary Fund, and The World Bank from 2006 to 2020. Stata 14 software is used to analyze the regression and test variables. Results: The findings indicate that TRADE, OPEN, INF, GDP, and their lags affect both positively and negatively on FDI in different periods. While OPEN still expresses an unclear impact on FDI. Moreover, this study proves that the FDI of a nation is influenced by international cooperation. Conclusions: This study indicates the importance of international trade cooperation and distribution in not only attracting foreign investment sources but also developing the economy. Findings are necessary bases for governments or authorities in signing international trade agreements in the future.

• International Commerce and Information Review
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• v.11 no.2
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• pp.303-328
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• 2009

MERCOSUR, which is the biggest economic community in the Latin America, has great potential as Korea's export market with 220 million population and 2.8 trillion$ GDP. In the midst of global economic crises, the importance of MERCOSUR is highlighted with relatively sound economic growth. The average tariff rate of MERCOSUR is 10.4~12.2% which is almost same as that of Korea(12.2%), but the tariff rates on Korea's main export items such as auto, display, digital camera, mobile phone are as high as 20~30%, which means that Korea-MERCOSUR FTA will result in substantial growth of Korea's export. In pursuing Korea-MERCOSUR FTA, cooperations in natural resources, agriculture, mid-sized aircraft, construction and green energy as well as liberalization of commodity market are very important for Korea. To realize Korea-MERCOSUR FTA, it is essential to overcome the objections from the manufacturing sectors of MERCOSUR. So it is desirable to aim relatively low in terms of the level of liberalization at the beginning, and expand corporate and industrial cooperation between Korea and MERCOSUR's manufacturing industries.

• Korea Trade Review
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• v.45 no.4
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• pp.95-105
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• 2020

Vietnam has experienced a high economic growth since early 2000s. One of the reasons for this successful economic growth is foreign direct investment that has been invested mainly in manufacturer sector in Vietnam. In this paper, we examine the impacts of foreign direct investment to Vietnam on its exports using quarterly data from 2000:1 to 2017:4. Since all the variables in our model is subject to I(1), we apply Fully Modified OLS(FMOLS) to estimate a cointegration vectors. Our results show that there exists a long-run relationship among Export, FDI, Exchange rate and G20 countries' GDP. Also, we find that FDI has a positive effect on Vietnam's export, which was statistically significant. Our results support the hypothesis that the FDI to Vietnam since 2000 has an export-oriented feature.

• Environmental and Resource Economics Review
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• v.25 no.4
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• pp.471-494
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• 2016

This study investigates the effect of remittance and agricultural aid inflows on GDP growth rate volatility in response to climate change shocks in twenty-eight African countries by using system generalized method of moments from 1996 to 2013 with three years grouped data. The climate change shocks are indicated by four variables; natural disasters, rainfall variability, fluctuation in temperature and the weighted anomaly standardized precipitation (WASP) index. Consequently, natural disasters and temperature variability have a significant effect on GDP volatility, while rainfall variability and WASP index have no adverse consequence on stabilization of the economy. On the other hand, in general, remittances and agricultural aid are helpful to stabilize the economy and especially remittances inflows can play a crucial role as insurance when natural disasters occur.