• Title/Summary/Keyword: Gross Domestic Product per capita

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Recent Developments of Poultry Industry in Korea (근년의 한국 양계 전개 양상)

  • 김선중
    • Korean Journal of Poultry Science
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    • v.26 no.2
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    • pp.73-79
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    • 1999
  • The poultry industry in Korean has expanded considerably during the last 15 years. While the number of chicken farms of commercial scale has decreased steadily during the period average farm size increased rapidly. Though the gross national product per capita increased 4.5 folds during ten years period, consumption of chicken meat, like other meats, recorded only 2 folds increase during the period. When domestic market for chicken meat had been open for two years on the basis of minimum market access quotas, importation remained at levels below the quota during the first one and half years. Nevertheless, during the last six months and thereafter, chicken meat importation recorded a steep increase, threatening the domestic industry. Poor productivities of the commercial chicken farms might be the main cause for the inferior competitiveness. For the sustainability of the industry some suggestions were made.

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Long-run Equilibrium Relationship Between Financial Intermediation and Economic Growth: Empirical Evidence from Philippines

  • MONSURA, Melcah Pascua;VILLARUZ, Roselyn Mostoles
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.21-27
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    • 2021
  • The financial sector is one of the most important building blocks of the economy. When this sector efficiently implemented a well-crafted program on banking and financial system to translate financial activities to income-generating activity, economic growth will be realized. Hence, this study analyzed the effect of financial intermediation on economic growth and the existence of cointegrating relationship using time-series data from 1986 to 2015. The influence of financial intermediation in terms of bank credit to bank deposit ratio, private credit, and stock market capitalization and time trend to economic growth was estimated using ordinary least squares (OLS) multiple regression. The results showed that all the financial intermediation indicators and time trend exert significant effect on Gross Domestic Product (GDP) per capita. The positive sign of the time trend indicates that there is an upward trend in GDP per capita averaging approximately 0.06 percent annually. Furthermore, the cointegration test using the Johansen procedure revealed that there is a presence of long-term equilibrium relationship between financial intermediation and time trend and economic growth, and rules out spurious regression results. This study established the idea that financial intermediation in the Philippines has a significant and vital role in stimulating growth in the economy.

The Impact of Product Consumption Strategy and Financial Autonomy on Competitiveness of Technology Firms in Vietnam

  • PHAM, Van Thi Hong;NGUYEN, Quynh Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.819-826
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    • 2021
  • This study aims to determine the impact of product consumption strategy and financial autonomy on the competitiveness of technology firms in Vietnam. This study employs panel data of 27 technology firms collected from listed financial statements of the business for the period (2010-2019). The study also uses some indicators reflecting the macroeconomic situation of the economy collected from the World Bank. Instead of Exploratory Factor Analysis which has been used before, the study uses the feasible generalized least squares (FGLS) estimation as the main method. The FGLS corrects the variance changes and autocorrelation on the dataset of these Vietnamese technology firms. The results reveal that the strategy of product consumption and financial autonomy positively affect the competitiveness of technology firms. These are also two core factors of the technology industry, which have a strong impact on the increase in the competitiveness of firms. The findings of this study suggest that technology firms do not need to invest in many long-term assets, but mainly in short-term assets in order to quickly respond to the strategies for consuming new technology products of the business. In addition, the increase in Gross Domestic Product per capita also positively affects the increase in the competitiveness of technology firms.

Selecting Marketing Variables for the Overseas Expansion of a Foodservice Company (해외진출 외식기업의 시장고려 변수 선정)

  • Shin, Sun-Hwa;Han, Kyung-Soo
    • Journal of the Korean Society of Food Culture
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    • v.25 no.6
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    • pp.755-763
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    • 2010
  • The purpose of this study was to select market variables that a foodservice company should consider when expanding overseas and to regional market analysis by variables. Twenty-three different variables were derived from 17 previous studies. These were: population, urbanization rate, women employed, enrollment in tertiary education, gross domestic product, value added by service, total number of mobile cellular telephone subscribers, number of internet users, total Asian highway, inward foreign direct investment, total service imports, inflation rate, international tourist arrivals, energy use by industry, growth rates of the food consumer price index, access to urban sanitation, per capita total expenditure on health, male life expectancy at birth, adult literacy rate, contributing women family workers, passenger car, and country risk assessment. The selected variables were collected as secondary data from the UN, Asian Development Bank, International Bank for Reconstruction and Development, and Michigan State University.

An Energy Efficiency Analysis of Korea based on the Energy Dependence and Independence rate (에너지순수입의존도 및 에너지자립도 지표를 통한 우리나라 에너지경제효율분석)

  • Min, Yun-Ji
    • International Commerce and Information Review
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    • v.16 no.2
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    • pp.199-218
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    • 2014
  • The study was focused on the Energy Efficiency of Korea. Thus this study calculates Energy Intensity and Energy Dependence, Energy Independence rate using data Korea Energy Statistics. This study calculate 'Energy Intensity', 'Energy Dependence', 'Energy Independence rate', which is making use of the Gross Domestic product, Energy Consumption, Energy Export and Import, Energy Gross Input. The analysis of the pater suggests that this goal can be achieved throuth improved efficiency of Energy consumption and Energy Independence.

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Is Mammography for Breast Cancer Screening Cost-Effective in Both Western and Asian Countries?: Results of a Systematic Review

  • Yoo, Ki-Bong;Kwon, Jeoung A;Cho, Eun;Kang, Moon Hae;Nam, Jung-Mo;Choi, Kui Son;Kim, Eun Kyung;Choi, Yun Jeong;Park, Eun-Cheol
    • Asian Pacific Journal of Cancer Prevention
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    • v.14 no.7
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    • pp.4141-4149
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    • 2013
  • Background: Mammography is considered the gold standard of breast cancer mass screening and many countries have implemented this as an established breast cancer screening strategy. However, although the incidence of breast cancer and racial characteristics are different between Western and Asian countries, many Asian countries adopted mammography for mass screening. Therefore, the objective of this research was to determine whether mammography mass screening is cost-effective for both Western and Asian countries. Materials and Methods: A systematic review was performed of 17 national mammography cost-effectiveness data sets. Per capita gross domestic product (GDP), breast cancer incidence rate, and the most optimal cost-effectiveness results [cost per life year saved (LYS)] of a mammography screening strategy for each data set were extracted. The CE/per capita GDP ratio is used to compare the cost-effectiveness of mammography by countries. Non-parametric regression was used to find a cut-off point which indicated the breast cancer incidence rate boundary line determining whether mammography screening is cost-effective or not. Results: We found that the cost-effective cut-off point of breast cancer incidence rate was 45.04; it exactly divided countries into Western and Asian countries (p<0.0014). Conclusions: Mammography screening is cost-effective in most of Western countries, but not in Asian countries. The reason for this result may be the issues of incidence rate or racial characteristics, such as dense breast tissue. The results indicate that mammography screening should be adopted prudently in Asian countries and other countries with low incidence rates.

Effects of Fisheries Technological Innovation on Growth per Capita across OECD Countries (수산부문 기술혁신이 OECD 회원국의 성장률에 미친 효과)

  • Lee, Yoonsuk;Chang, Jae Bong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.4
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    • pp.349-357
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    • 2017
  • The environmental problems affecting marine resources and slow growth in the fisheries industry is causing many countries to look for alternative inputs that can boost the fisheries sector. This study focuses on the effects of technological innovation in the fisheries industry on the gross domestic product (GDP) per capita across Organization for Economic Cooperation and Development (OECD) countries. Using a panel dataset, this study attempts to estimate the different effects of technological innovations in the fisheries industry from country to country using the differences-in-differences (DiD) method. After the DiD method, the Granger causality test is applied to determine the interactive relations between economic growth and the selected variables associated with technological innovation in the fisheries industry, such as government spending on fisheries R&D, the number of patents in fisheries, and employment. The results obtained from the DiD estimation show that government spending on fisheries R&D, fisheries technology development, and fisheries employment positively influences the GDP per capita across OECD counties. From the causality test, we found different bi-directional causal relationships between the GDP per capita and (spending) on fisheries technology development across countries.

ECONOMIC POWER, POPULATION, AND SIZE OF ASTRONOMICAL COMMUNITY

  • Ahn, Sang-Hyeon
    • Journal of The Korean Astronomical Society
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    • v.52 no.5
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    • pp.159-172
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    • 2019
  • It is known that the number of astronomers of a country registered to the International Astronomical Union (IAU) is correlated with that country's gross domestic product (GDP). However, the robustness of this relationship could be doubted, as the fraction of astronomers joining the IAU differs from country to country. Here we revisit this correlation by using more recent data, updated as of 2017. We find a similar correlation by using the total number of astronomers and astrophysicists with PhD degrees that are working in each country, instead of adopting the number of IAU members. We confirm the existence of the correlation. We also confirm the existence of two subgroups within this correlation. One group consists of advanced European countries having a long history of modern astronomy, while the other group consists of countries having experienced recent rapid economic development. In order to determine the cause for the correlation, we obtained the long-term variations of the number of astronomers, population, and the GDP for a number of countries. We find that the number of astronomers per capita for recently developing countries has increased more rapidly as GDP per capita increased, than that for fully developed countries. We collected demographic data of the Korean astronomical community and find that it has experienced recent rapid growth. From these findings we estimate the proper size of the Korean astronomical community by considering Korea economic power and population. The current number of PhD astronomers working in Korea is approximately 310, but it should be 550 in order for it to be comparable and competitive to the sizes of the Spanish, Canadian, and Japanese astronomical communities. If current trends continue, this number will be reached by 2030. In order to be comparable to the German, French, and Italian communities, there should be 800 PhD astronomers in Korea. We discuss ways to overcome the vulnerability of the Korean astronomical community, based on the statistics of national R&D expenditure structure in comparison with that of other major advanced countries.

Long-term Sulfur Emissions and Environmental Kuznets Curves: Comparison and Implications

  • Huang, Zheng;Tonooka, Yutaka;Sekiguchi, Kazuhiko;Wang, Qingyue;Sakamoto, Kazuhiko
    • Asian Journal of Atmospheric Environment
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    • v.3 no.1
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    • pp.19-26
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    • 2009
  • The environmental Kuznets curve hypothesis assumes an inverted U-shaped relationship between environmental damage and income, and such curves have been used to study how economic growth affects the environment. In this study, we analyzed data for gross domestic product (GDP) per capita and for sulfur emissions in the industrialized countries of the United Kingdom, United States of America, and Japan, as well as data for the developing country of China, to determine the relationship between emissions and income in these countries. Attempts by these countries' governments to incorporate environmental policy considerations into the income-environment relationship were also examined. The potential role of the environmental Kuznets curve as a policy tool was investigated. We determined that, at least in the case of sulfur emissions, policies and institutions significantly reduced environmental degradation in the industrialized countries studied. Furthermore, the environmental Kuznets curve can reliably predict the future relationship between environmental impact and GDP for developing countries.

Nonlinear Effects of Remittances Paid on Macroeconomics in Malaysia

  • TAASIM, Shairil Izwan
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.783-790
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    • 2021
  • The remittances play a major and a very critical role in promoting economic growth and development activities in the developing countries. In this study, the relationship between per capita gross domestic product (GDP) and remittances paid has been investigated based on the case studies in Malaysia from 1987 to 2018. Data was collected from various sources namely statistical yearbook by World Bank and Asian Development Bank. All variables are expressed in natural logarithm form. The technique utilized is the nonlinear autoregressive distributed lags (hereafter NARDL) approach which was introduced by Shin et al.(2014) to examine both short run and long run relationships, as well as the direction of causality, due to the asymmetric relationship between GDP and remittances. The bound test verifies asymmetric cointegration among the variables. The empirical results show that the remittances paid has a momentous short-run and long-run effect towards capital accumulation in Malaysia. Remittances also increase a positive relationship with capital accumulation for Malaysia. We found that remittances form a significant source of external capital and investment for developing countries especially Malaysia which helps in promoting economic development. Furthermore, as a developing country, foreign workers are a source of income to the receiving countries and an indicator to boost sender countries.