• Title/Summary/Keyword: IMF 외환위기

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SPECIAL REPORT I-IMF 외환 위기 때보다 더 심각한 건설 업계

  • 박준형
    • 주택과사람들
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    • s.222
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    • pp.34-37
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    • 2008
  • 시장의 골이 깊다. 너도 나도 불안감에 휩싸여 있다. 정부가 부동산 대책을 잇따라 내놓고 있지만 백약이 무효다. IMF 외환 위기 시절보다 더 심각하다는 이야기가 건설 업계에서 들리고 있지만 엄살만은 아닌 듯 싶다. IMF 외환 위기 시절과 현 부동산 시장 상황을 비교해보자.

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IMF 외환위기와 사회경제적 차별출산력의 변화

  • Kim, Du-Seop
    • Korea journal of population studies
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    • v.30 no.1
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    • pp.67-95
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    • 2007
  • 이 연구의 주된 목적은 IMF 외환위기를 계기로 사회경제적 차별출산력의 양상이 어떻게 변화하였는가를 파악하는 것이다. 이 연구는 2003년 전국출산력조사 자료를 활용하여 20-49세 기혼 여자의 총출생아수와 1998년 이후의 출생아수를 비교분석하였다. 또한, 분석대상을 1997년 이전에 결혼하였거나 재혼한 부인들과 1997년 이후 처음 결혼한 부인들의 두 집단으로 구분하여 출산력 수준과 출산행태를 비교함으로써 IMF 외환우기 이전과 이후의 변화양상을 파악하고자 시도하였다. 총출생아수에 대한 분석 결과. 부부의 사회경제적인 조건과 출산수준은 대체로 뒤집어진 J 자형의 관계를 유지하는 것으로 밝혀졌다. 즉 사회경제적 지위가 높아질수록 출산수준이 낮아지는 경향이 발견되었다. 그러나 사회경제적 지위가 가장 높은 집단은 바로 밑의 집단 보다 출산수준이 상대적으로 높았다. 그런데, 최근의 출산수준은 이러한 사회경제적 차별출산력과는 뚜렷하게 대조적인 양상을 나타냈다. IMF 외환위기 이후 출산수준 감소의 폭은 기존의 출산수준과 정비례하는 방식으로 미루어졌다. 출산수준이 높은 집단일수록 급속한 출산력 저하가 이루어졌으며 출산수준이 낮은 집단에서는 상대적으로 변화가 완만하였다. 그 결과, 최근의 출산수준은 중상층에 해당하는 사회경제적 지위를 지닌 집단이 가장 높고, 다음이 최상위 집단, 그리고 하위 집단의 순으로 바뀌었다. 이러한 경향은 부부의 교육수준, 직업, 종사상 지위, 주관적 계층에 따른 최근 출산력의 변화양상에서 일관적으로 나타났다.

Determinants of Foreign Direct Investment of Korean Firms: Types of FDI and Institutional Distance (한국기업의 해외직접투자 결정요인 분석: 투자유형과 제도적 거리)

  • Park, Young-Ryeol;Yang, Young Soo
    • International Area Studies Review
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    • v.15 no.3
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    • pp.429-449
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    • 2011
  • This study investigated the determinants of the foreign direct investment (FDI) by the Korean firms. We focused on types of FDI such as market-seeking, efficiency-seeking, strategic asset-seeking, resource seeking investment and institutional distance including economic distance, political distance and cultural distance which were affecting Korean FDI decision. We tested our hypotheses using Korean FDI data collected between 1980 and 2010. The result showed that Korean FDI to be associated with market-seeking, efficiency-seeking, strategic asset-seeking investment, and institutional distance such as economic distance. We also examined Korean FDI before and after IMF, and the results indicated that before IMF, Korean FDI was associated with market-seeking and strategic asset-seeking investment. However, after IMF, Korean FDI was associated with market-seeking, efficiency-seeking, strategic asset-seeking investment, and institutional distance such as economic distance.

The R&D Investment and Productivity Growth of Korean Economy in the New Normal Era (뉴 노멀 시대하 한국경제의 R&D투자와 생산성 성장)

  • Kim, Seon Jae
    • The Journal of the Korea Contents Association
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    • v.16 no.11
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    • pp.321-329
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    • 2016
  • The purpose of this study is to analyze the impact of R&D investment on productivity growth of the Korean Economy in the New Normal Era. To be specific, this study focuses on the impact of R&D capital, other capitals, and total factor productivity(TFP) on the labor productivity during the three periods: 1970-2014, 1970-1997, and 1999-2014. We found out that the change of the intensity in the R&D capital and other capitals significantly impacted on the change of the labor productivity in Korea. In particular, the estimated coefficients of these variables are higher after the period of the IMF financial crisis than before the crisis. We also estimated the marginal productivity of R&D capital investment in terms of the TFP growth. The estimated coefficients of the variables showed stronger effects after the period of the IMF financial crisis than before the crisis. As a result, the increase of R&D investment has been greatly impacted on the growth of the total factor productivity(TFP) after the IMF financial crisis in Korea.

Comparative Analysis of Default Risk of Construction Company during Macroeconomic Fluctuations (거시경제변동 전후 건설기업의 부실화 비교분석 - IMF 외환위기 및 서브프라임 금융위기 전후를 중심으로 -)

  • Choi, Jae-Kyu;Yoo, Seung-Kyu;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.4
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    • pp.60-68
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    • 2012
  • The past IMF foreign exchange crisis and subprime financial crisis had a big influence on variability of macroeconomics, even if the origin of its occurrence might be different. This not only had a significant infrequence on the overall industries, but also produced many insolvent companies by being closely linked with a management environment of an individual construction company leading the construction industry. Actually, the level of default risk of construction companies before and after fluctuation of macroeconomics gets to experience a rapid changing process, and a difference in reaction against shock exists according to each company. Accordingly, the purpose of this paper is to confirm the fluctuation process of the default risk of construction companies under the fluctuation of macroeconomics such as the IMF financial crisis and the subprime mortgage crisis. As an analysis result, it is judged that the subprime financial crisis gave bigger shock to construction companies than the foreign exchange crisis, and it is expected that this would have a relation with the construction market before shock of macroeconomics. In addition, it was analyzed that when comparing insolvent companies with normal companies, the recovery speed of normal companies is faster. It is judged that this was affected by a difference of internal business capacity between insolvent companies and normal companies.

SPECIAL REPORT III-건설업계를 살리는 세제 정책

  • 마철현
    • 주택과사람들
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    • s.222
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    • pp.40-41
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    • 2008
  • 현 부동산 시장 상황이 지난 1998년 외환 위기 때를 연상시킬 정도로 정체됐다. 최근까지 정부가 부동산 경기를 회복시키기 위해 일련의 부동산 세제 개편안들을 내놨다. 하지만 업계와 시장의 반응은 시큰둥하다. 10년 전 IMF 외환 위기 시절에 시행된 세제 정책과 최근 발표된 세제 개편안을 비교해보았다.

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Corporate Valuation of Difference in Operating and Financial Leverages (레버리지도 차이에 따른 국내기업 가치분석)

  • Chung, Bhum-Suk
    • Management & Information Systems Review
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    • v.30 no.4
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    • pp.175-193
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    • 2011
  • This paper tests a correlation between degrees of operating leverage(DOL) and financial leverage(DFL). For an empirical analysis, this paper extracted information from financial statements of manufacturing companies listed in the Korea Stock Exchange. Data extend from 1990 to 2009. The DOL continued to increase until 1997, but decreased dramatically after the IMF financial crisis. However, the DOL has been at a higher level than companies of other countries such as USA and Japan. The DFL has been maintained at a much higher level, as expected. The empirical results indicate a positive correlation between the DOL and the DFL. To further investigate, we divide the whole sample into subgroups according to such management elements as asset size, IMF crisis. The results for sub-samples are different from those of whole sample. This indicates we need to incorporate specific managerial factors in order to correctly explain financial decision processes.

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The 1997 Asian Economic Crisis and Changes in the Pattern of Socioeconomic Differentials in Korean Fertility (IMF 외환위기와 사회경제적 차별출산력의 변화)

  • Kim, Doo-Sub
    • Proceedings of the Population Association of Korea Conference
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    • 2006.12a
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    • pp.59-87
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    • 2006
  • This paper explores the effects of the 1997 economic crisis on the pattern of socioeconomic differentials in fertility. Based on analysis of data from the 2003 Korea National Fertility Survey, this study focuses on recent changes in the level of fertility according to socioeconomic status of the couple including educational level, occupation, working status, income, etc. Results reveal that the level of fertility of those with the highest education, most prestigious occupation, and employer status are higher than those of the next group in the socioeconomic hierarchy. These findings imply that the straight line inverse pattern of socioeconomic differentials in CEB yielded to a reversed J-shaped curve. However, recent differentials of fertility after the economic crisis were found to contrast with the pattern above. Decrease in fertility has been most drastic among those with a high level of fertility, and relatively slow for those with a low level of fertility. The level of recent fertility turns out to be highest among those with upper-middle socioeconomic status, followed by those with the highest socioeconomic status and those with the lowest status. Policy implications and some comments on current population policies of the Korean government are also presented in this paper.

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How Did labor Flexibility Affect Occupational Welfare Provision in Korea? (외환위기 전.후 노동력 유연화와 한국 기업복지제도의 변화)

  • Lee, Su-Yun;Rho, Yeon-Hee
    • Korean Journal of Social Welfare
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    • v.58 no.2
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    • pp.143-166
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    • 2006
  • The purpose of this study was to empirically test whether occupational welfare in Korea would have grown since the mid 1990s. The result of this study showed that after the IMF fiscal crisis, the policies of labor flexibility in labor market initiated flexible forms of employer-provided benefits, including cafeteria plan or profit-based funds, which finally led to a decline of occupational welfare rather than a growth. Existing studies haven't agreed on trade-off of statutory and voluntary social provisions since the crisis of welfare state. However, based on the case of Korea, this study suggested archetypal development of welfare system experiencing a decline of occupational welfare paralleled with a growth of state welfare provision.

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