• Title/Summary/Keyword: GRDP

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Effect of Fiscal and Non-fiscal Variables on Regional Economy: The Case of 16 Wide-area Autonomous Communities in Korea (재정변수 및 비재정변수가 지역경제에 미치는 영향: 16개 시도를 중심으로)

  • Park, Wan Kyu;Kim, Du-Su
    • Journal of the Economic Geographical Society of Korea
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    • v.17 no.3
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    • pp.554-566
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    • 2014
  • This paper analyses the relationship between regional economic power defined as GRDP per capita and various socioeconomic variables such as fiscal variables(revenue, expenditure, etc.) as well as nonfiscal variables(population, ratio of old population, unemployment rate, dependency ration) using the pooling data of 16 local governments from 1998 to 2012. To put it concretely, following the Granger causality test, regression analysis has been done with the regional economic power being the dependent and variables which have either one or two direction causality being independent variables. And test of cumulative effects has been done with variables showing statistical significance in the regression analysis. Local tax revenues per capita, expenditures of social development per capita and median age have positive effects, while dependency ratio has negative effect on regional economy. And national subsidy per capita, local tax revenues per capita, expenditures of social development per capita and median age all have cumulative effects on regional economy.

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A Study on the Factors Influencing Cargo Volume of Small & Medium Container Port in Korea (국내 중소형 컨테이너항만 물동량에 영향을 미치는 요인에 관한 연구)

  • Park, Chang-Ki;Nam, Ki-Chan;Kang, Dal-Won
    • Journal of Navigation and Port Research
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    • v.39 no.4
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    • pp.371-376
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    • 2015
  • Port is responsible for the important role that creates a lot of value-added export and import-intensive countries, critical infrastructure, and in the national economy. Despite being an important facility for the past, awareness of the port is insufficient; In 2000s, increasing the world container traffic volumes, China's economic development, and trade volume in the Northeast Asia to generate a lot of are changing the perception of the role and importance of the port. According to the review of the master plan and the port recognition in Korean Port, this study examines determining factors which affects the port cargo volume. The target of the study is domestic small and medium-sized container port that receives a large hinterland cargo volume, excluding the impact of the Global Hub Port like Busan and Gwangyang port. Factors that affect the multiple regression analysis result of the port cargo volume are berthing capacity, degree of activation, connection number of countries, GRDP and number of manufacturers.

Technical Efficiency of Medical Resource Supply and Demand (의료자원 공급, 수요의 성과 효율성에 대한 실증분석)

  • Chang, Insu;Ahn, Hyeong Seok;Kim, Brian H.S.
    • Journal of the Korean Regional Science Association
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    • v.34 no.2
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    • pp.3-19
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    • 2018
  • The objective of this study is to observe the efficiency of clinical performance on the supply and demand of medical resources in Korea. For the empirical analysis, we constructed the dataset on age standardized mortality rate, the number of physician, specialist, surgery, medical institution, ratio of general hospitals of 16 provinces in Korea from 2006 to 2013. The panel probability frontier model is employed as an analysis method and considered heteroscedasticity and autocorrelation of the error in panel data. In addition, the demographic and socioeconomic characteristics of the 16 provinces, unemployment rate, elderly population ratio, GRDP per capita, and ratio of hospitals in comparison to the general hospitals are used to find the effect on the technical efficiency of clinical performance on supply and demand of medical resources. The results are as follows. First, for the clinical performance, the supply side of human resources such as doctors and specialists and the demand side factors such as chronic illness clinic per unit population have a significant influence, respectively. Second, the technical efficiency of clinical performance on the supply and demand of medical resources of each input component was 59-70% in terms of clinical efficiency in each region. Third. estimates of technical efficiency of inputs that affect clinical performance showed a slight increase in all regions during the analysis period, but the increase trend decreased slightly. Fourth, the ratio of the elderly population and GRDP per capita have a positive influence on the technical efficiency of clinical performance on the supply and demand of medical resources. The difference of each efficiency by region is due to the regional differences of the input medical resources and the combination of them and the demographic and socioeconomic characteristics of the region. It is understood that the differences in technological efficiency due to the complexity of supply and demand of medical resources, demographic structure and economic difference affecting clinical performance by region are different.

Random Coefficient Models for Environmental Kuznets Curve Hypothesis in Seoul Metropolitan Region (확률계수모형을 이용한 수도권지역의 환경쿠즈네츠가설에 관한 재고찰)

  • Kim, Ji Uk
    • Environmental and Resource Economics Review
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    • v.11 no.3
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    • pp.377-396
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    • 2002
  • This paper investigates whether an inverted U relationship between pollution and economic development could be found in the Seoul metropolitan region using a panel data for the period of 1985~1999. We uses a model with a more flexible random coefficients specification which allows for a greater degree of regional heterogeneity. The emissions of sulfur dioxidetotal($SO_2$), suspended particulates(TSP), nitrogen dioxide($NO_2$), and carbon monoxide(CO) were selected as four major pollutants. We found that the emissions of these pollutants per capita except sulfur dioxidetotal exhibited inverted U shapes with per capita gross regional domestic product (GRDP). We also noted that the turning points for Seoul metropolitan region occured at a range of incomes, from $3,000 to $5,000 per capita.

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A Study on Export Korean Firm into China : by 31 region (우리나라의 대중국 수출 영향요인 분석 - 중국 31개 지역에 대하여 -)

  • Baek, Eun-Mi
    • International Commerce and Information Review
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    • v.9 no.4
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    • pp.439-460
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    • 2007
  • The purpose of this paper is to study on export factor of Korean into China by 31 Province and City. Using the panel data on Korean export factor in China for the years 1998-2005, we examined the factors determinants of import in China(by region)from Korean firms. This study based on Gravity Model to extend and fixed & random effect Model. The result of analysis is as follows : The effect of significant on Import from Korean is FDI from Korea, export into world, import from world, population in region. But per GRDP, consumption, FDI into world variable is statistically insignificant. Also coastal region variable is not a clear.

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Korea Reunification and Factor Movement : The Policy for Interregional Balanced Economic Growth (남북통일과 지역균형개발정책)

  • 김홍배;임재영
    • Journal of the Korean Regional Science Association
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    • v.14 no.1
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    • pp.47-64
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    • 1998
  • This paper attempts to forecast regional economic changes and to analyze government polices for interregional balanced economic growth in case of Korea Reunification. It begins with be reunified at the year 2010. The model is largely neoclassical. Since the future of North Korea is unclear, two possible scenarios are presented. The paper projects economic growth of regions, specifically forecasting growth of regions, specifically forecasting GRDP, the number of migrants and the quantity of moving capital. The results obtained show that spatially unbalanced economic growth will take place in the reunified Korea through factor movement. Two polices including public capital provision policy and income subsidy policy are thus suggested and analyed.

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A Study on the Determinants of Imbalanced Regional Development : An Application of Regression Model for a Bias due to Heterogeneity across Region (지역 불균형 발전의 결정요인 : 지역간 이질성 편의를 고려한 희귀모형의 적용)

  • 박범조;고석찬
    • Journal of the Korean Regional Science Association
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    • v.14 no.2
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    • pp.35-50
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    • 1998
  • This paper examines the determinants of imbalanced regional development in Korea during the period of 1985-1995. The review of previous analytical techniques have been used to analyze the determinants of disparities in regional development of disparities in regional development, but few has applied the regression technique which reduces a bias due to heterogeneity across region. The results of the study show that Kmenta model with per capita GRDP as dependent variable can reduce the heterogeneity bias in regional development and can minimize the statical errors in estimation and interpretation of the coefficients of the explanatory variables. According to the results of Kmenta model, urban infrastructure such as roads, information and communication facilities are major causes of regional disparity over the period of 1985-1995. The results of the study also indicate that local government should devote their policy efforts to identify and utilize the unique soci-economic characteristics of each locality in the process of regional development.

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The Use of Optimal Control Techniques to Design Regional Policies: With Special Reference to the Evaluation of Regional Economic Polices (최적제어기법의 지역정책에의 적용에 관한 연구 : 지역경제정책의 평가를 중심으로)

  • 강동희
    • Journal of the Korean Regional Science Association
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    • v.15 no.1
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    • pp.1-22
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    • 1999
  • It is widely known that optimal control techniques are useful to measure the performance of macroeconomic policy. This paper examines how the method could be applies them to the evaluation of the public investment expenditures conducted by the local government of Choongbook Province in Korea. The numerical example illustrates the usefulness of the methods for the evaluation of the regional economic policies suggesting the main findings as follows: (1) If the local government of Choongbook Province had increased the public investment expenditures allowing the budget deficits for the first three to four years during the period between 1985 and 1990, its GRDP would have early risen to the ratio of more than three percent of Korea's total GDP. (2) The additonal welfare losses incurred by not following the optimal policy were 0.191 in 1986, 0.607 in 1987, 1.585 in 1988, and 0.132 in 1989, indicating that the public investment policy proves to be the best in 1989 and the worst in 1988.

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A Study on the Future Air Traffic Demand in Busan Metropolitan Area (부산권 항공수요예측 연구)

  • Kim, Byung-Jong;Lee, Min-Hee
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.16 no.1
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    • pp.46-57
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    • 2008
  • Since the 90's, Korean Air transport market has been more expanded because of economic growth, the construction of airport infrastructure, and the advent of low cost carrier. Especially, the air traffic demand in Busan metropolitan area has been increasing steadily. Therefore, in this paper, we developed a new forecasting model which could expect the future air traffic demand in Busan area. This model is developed by regression analysis using social-economic variables such as GRDP, income, and the number of people, and dummy variables, for instance, KTX opening, Japan economic depression, SARS and so on. Result from demand forecasting by this new model suggests that the new airport system is needed in order to sustain the increasing air traffic demand in Busan area.

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Relationship between Publicness and Efficiency of Regional Public Hospitals (지방의료원의 공공성과 효율성 관계)

  • Jo, Nam-Kwon;Suh, Won-Sik
    • The Journal of the Korea Contents Association
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    • v.14 no.11
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    • pp.772-782
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    • 2014
  • The aim of the study is to examine the factors affecting publicness and efficiency of the regional public hospitals and specify their relationship, thereby drawing out the policy implications for further improvement of regional hospital management. The analytical results showed the followings. First, there were statistically significant mean differences between the above-the-mean group and the below-the-mean group in terms of the internal and external environmental factors and intensity of competition. Second, When the hospitals were divided into two groups based on the mean value of efficiency, the ratio of material costs, of operational costs, and of doctors, and GRDP per capita of the above-the-mean group and the below-the-mean group showed the significant mean differences. Finally, among the variables of publicness, the ratio of medical aid patients and the number of deliveries had the negative relationships with efficiency whereas the medical costs of medical aid recipients had a positive relationship. The general argument that the government should enlarge its support for the regional hospitals' publicness needs to be specified in terms of the particular components of publicness based on this study. Also, to determine the extent of government support, the further research on the external environmental factors that cannot be controlled by the hospitals, for instance, intensity of competition, GRDP per capita, and fiscal self-reliance, should be encouraged.