• Title/Summary/Keyword: Gross income

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Korea's Participation in Global Value Chains: Measures and Implications

  • CHUNG, SUNGHOON
    • KDI Journal of Economic Policy
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    • v.38 no.4
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    • pp.45-76
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    • 2016
  • This paper measures the extent to which South Korea participated in global value chains (GVCs) from 1995 through 2011 and scrutinizes the consequences of such participation on the Korean economy. To this end, the World Input Output Database is utilized to calculate GVC income, GVC employment, and value-added exports created by Korean and foreign industries. Our findings show that Korea radically internationalized its production activities during the sample period, widening the gap between gross exports and value-added exports. We also document that Korea's participation in GVCs has changed the value-added and employment structures in domestic industries in accordance with their comparative advantages while exacerbating the degree of wage inequality.

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Analysis of Economic Effects for Organic Cultivation Agriculture in Rice (벼 유기재배 농법별 경영성과 분석)

  • Park, Joo-Sub;Lee, Soon-Seok;Kim, Yun-Ho;Choi, Jeong-Im
    • Korean Journal of Organic Agriculture
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    • v.20 no.4
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    • pp.519-533
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    • 2012
  • In this study, of currently being implemented organic cultivation in rice, the economic effects of snail agriculture, natural circulation agriculture, stevia agriculture and art nature agriculture were compared and analyzed. Analysis results showed that the economic effects of selling price per 10a, gross margin and agricultural income were increased, compared to those of previous agricultural techniques. In addition, the comparison results of economic effects by agricultural techniques showed that the agricultural income per 10a of organic cultivation were increased from the national average, compared to that of conventional cultivation. These economic effects analysis by agricultural techniques can help in the decisionmaking of farmers for the adoption of agricultural techniques in the future.

An Analysis on the Factors related to the Family Business Performance (가족기업의 성공 관련 요인 분석)

  • 정순희
    • Journal of Family Resource Management and Policy Review
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    • v.6 no.1
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    • pp.103-115
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    • 2002
  • The purpose of this study was to analyze which factor, influenced the business and family performance success. Data were obtained from 248 family households. Proxy variable of the business performance was gross business income and of the family performance was the Family AFGAR scores. The multiple regression analysis was conducted for both the business performance equation and family performance equation. The main results of this study were as followings: The results indicated the effects of various business and family characteristics on performance and their contributions to the business and family performance model. Nine explanatory variables such as sex, being home-based, number of hours worked per week, number of family employee, number of nonfamily employee, total asset, the presence of young child under 6, nonbusiness income, and role conflicts were statistically significant in the business performance equation and three explanatory variables such as the hours worked per week, family stress scores, and role conflicts were statistically significant in the family performance equation. The results indicated the need for a more comprehensive view of family business performance.

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Effects of noe-economic factors on the cyclcal fluctuations of price level in Korea

  • Yoon, Suk-Bum
    • Journal of the Korean Statistical Society
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    • v.3 no.1
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    • pp.17-30
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    • 1974
  • There are a number of studies on the peculiarities of inflation in underdeveloped economies. These studies are, however, confined to the cases of Latin American countries, and the essence of methodologies applied in the studies is basically estimations of linear parameters of an extended quantity equation with lagged variables. As it is generally observed, inflation in most of underdeveloped economies are, to some extent, affected by non-economic factors such as political instability, social disorder, abrupt institutional changes, etc. Sometimes, these factors underlying the basic movement of price level change are reflected in such variables as quantity of money supply, income velocity, gross national product.

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A Legal Study on Indemnification of Korean Mutual Insurance of Fisheries Cooperatives (수협공제(水協共濟)의 보상제도(補償制度)에 관한 법적(法的) 연구(硏究))

  • Cha, Cheol-Pyo;Park, Yong-Sub
    • Journal of Fisheries and Marine Sciences Education
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    • v.5 no.2
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    • pp.98-109
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    • 1993
  • By the Article 28 of the Korean Fishing Vessels Act and the Article 47-1 of the Enforcement Ordinance of the Act, fishing vessels over 5 gross tone must be insured the fishing vessels mutual insurance or marine insurance. Therefore the distant-water fishing vessels and vessels registered with Classification Society can be insured to the marine insurance, and non-registered vessels and the small fishing vessels can be insured to the fishing vessels mutual insurance of Fisheries Co-operatives. Moreover, the shipowners of fishing vessels over 5 gross tons to be insured a liability insurance for their crew, and it is to compensate effectively the crewman's accidents prescribed in the Seaman's Act. The shipowner's Liability Insurance to be insured the seaman's Compensation Insurance or the seaman's mutual insurance of the Fisheries Co-operatives and the Protection and Indemnity but they still involve lots of problems to cover the crewman's accidents reasonably. The author's views on the improvement way of the fisheries mutual insurance system are as follows. 1. The size of fishing vessels over 5 gross tons prescribed by the Article 28 of the Fishing Vessels Act must be revised into over 1 gross tons. And the regulations concerning penalties against nonfulfilment of the regulation must be strengthened in order to have legal effectiveness. 2. The level of the government subsidy for the fisheries mutual insurance must be raised up from the large point of view for protection of fishermen. It is concluded that the Government have to take charge of the remutual insurance in order to develop the fisheries mutual insurance system. 3. The mutual insurance system of fish catch have to be executed in order to guarantee the stable income for fishermen on the base of the amount of money by fish catch in the previous year.

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Influence and Change of Healthcare Expenditure on Household Income Inequality (보건의료비 지출이 가구소득불평등에 미치는 영향과 변화)

  • Lee, Yong-Jae;Lee, Hyun-Ok
    • The Journal of the Korea Contents Association
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    • v.19 no.5
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    • pp.331-341
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    • 2019
  • The purpose of this analysis is to examine the effects of health expenditure on income inequality on household income after the financial crisis by using the household income survey form 1996 to 2016. The main results are as follows. First, after the financial crisis, the gross income inequality of households has been changing steadily, though there has been a slight change in each year. Second, high-income earners spend more on health care expenditure by income level. Therefore, unequal levels are maintained. Third, the Gini coefficient of income excluding health care expenditure was calculated. The results of the analysis are larger than the Gini coefficient of total income. Income inequality is intensified by the expenditure of health care expenditure of households. The inequality of household income due to health care expenditure has been increasing steadily since the financial crisis. Efforts such as strengthening the protection of health insurance have been continuously carried out for the purpose of reducing the burden of the national medical expenses. However, it does not contribute to resolving income inequality. In the future, it will be necessary to provide a more selective medical support system to reduce the medical expenditure of the low income class.

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.

The Determinants of Profitability Performance in Regional Public Hospitals (지방의료원 수익성과에 대한 결정요인 분석)

  • Hong, Mi-Yeong;Lee, Hae-Jong;Joo, Hyun-Sil;Lee, Dong-Won
    • Korea Journal of Hospital Management
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    • v.14 no.2
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    • pp.1-20
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    • 2009
  • The purpose of this study is to find the determinant variables to make profitability in regional public hospitals. The data come from financial statements and annual reports of 34 regional public hospitals for five years (from year 2003 to year 2007). The T or F-test and hierarchical multiple regression analysis are used. The dependant variables are the profitability indicators, ordinary income to total asset and operating margin to gross revenue, and the independent variables are general characteristics, diagnosis and treatment patterns, financial and public benefits. The findings of this study are summarized as follows. First, Variables affecting the profitability indexes revealed from DEA results is the bed occupancy rate, number of hospitalized patients to outpatients, ratio of first medical examination for outpatients, number of daily patients per medical specialist, labor cost per patient and managerial expenses per patient. Second, the ordinary income to total asset representing the asset usage performance is affected by the average hospitalized days, bed occupancy rate, labor cost per patient and ratio of patients with medical insurance coverage. Third, the operating martin to gross revenue obtained from the actual operations of hospitals has its significance with the bed occupancy rate, number of hospitalized patients to outpatients, managerial expenses per patient and public benefit indicator. This study has some restriction not to use pannel data analysis, although it used data for five years. Accordingly, various additional studies should be done to supplement such problems.

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Combining Timber Production and Wood Processing for Increasing Forestry Income: A Case Study of 6th Industrialization in Korean Forestry

  • Won, Hyun Kyu;Jeon, Hyon Sun;Han, Hee;Lee, Seung Jung;Jung, Byung Heon
    • Journal of Forest and Environmental Science
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    • v.33 no.4
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    • pp.355-360
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    • 2017
  • This study was aimed to analyze the increased forestry incomes by combining timber production and wood processing, which is one of 6th industrialization types in Korean forestry. The selected household has been engaged in forestry for two generations and they produce timber and associated wood products in their own facility. The wood products include dimension lumber, interior wood material, cutting board, and cube chips, the household also utilize logging and sawmill residues as well as seed and seedlings as by-products. Incomes and expenses that have been incurred on individual processes of the sequential timber production and wood processing were surveyed, and we analyzed the economic outcomes of entire business. The results of this study indicate that the gross income of the household is 122.3 million Korean won and the net income is 93.6 million Korean won. The net income of the household is approximately 2.8 times higher than the average net income of whole households in the forestry of Korea in 2016, which is approximately 4.3 times higher than that of households that have been particularly engaged in timber production over the country. We found that the 6th industrialization by combining the two sequential processes creates approximately 3.2 times as much added value compared to the case relying on timber production only.

Optimum Transplanting Date, Fertilizer Application Rate and Planting Density for Upland Cotton Culture after Naked Barley (맥후작 목화 재배 적정이식기, 시비량 및 재식밀도)

  • Kyu-Yong Chung;Bang-Myung Kae;Byeong-Han Choi
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.37 no.3
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    • pp.217-223
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    • 1992
  • Cotton has been an important fiber crop in Korea for a long time. The objective of the study was to investigate the effects of planting and transplanting dates, transplanting density and fertilizer application rate on seed cotton and lint yields, and gross income for barley-cotton double cropping in southern part of Korea. Transplanting culture of upland cotton cultivar Mokpo 4 on June 10 to 20 produced 80 to 83% more in seed cotton yield and 79 to 82% more in lint yield compared with the yields of direct planted on June 10 just after harvesting naked-barley. Mokpo 4 was better than Suwon 17 and Paymaster for the transplanting culture after barley harvest in double cropping. Optimum fertilizer application rate was N 80-P$_2$O$_{5}$ 78-K$_2$O 106 kg /ha, and optimum transplanting density was 70$\times$20cm for the transplanting culture of upland cotton after barley in double cropping system. The highest total yields 5.03 to 5.09t /ha in barley-cotton double croppings were harvested in barley drill-seeding and cotton transplanting culture on June 10 to 20 compared with seed cotton yield 1.51t /ha of the cotton monoculture planted on May 1. Their gross income also was 40% more than that of the cotton monoculture, and 30% more than the cotton direct seeding just after barley harvest on June 10. Cotton intercropping between barley rows provided 2-11% more in gross income compared with cotton direct seeding after barley harvest on June 10. Of the cotton intercroppings between barley rows, cotton intercropping of one row between the barley rows of 60cm width provided 5 to 9% more in gross income than the other cotton intercroppings between barley rows.s.

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