• 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.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.29 no.2
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• pp.106-110
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• 2021

In this study, the main factors affecting the number of passengers and cargo volume transported by air between Korea, China and Japan over the past 20 years are to be identified. For the analysis, data from three countries' GDP and per capita as well as exchange rates and international oil prices were used, and OLS multiple regression analysis and fixed effect analysis were performed. As a result of the analysis, both the number of passengers and cargo volume transported by air showed a negative (-) direction for GDP, which represents the country's economic power, and a positive (+) direction, for per capita GDP, which represents income level. And the increase in the exchange rate between China and Japan acted in a positive (+) direction on the increase in the number of passengers, and the effect of oil prices was found to be limited.

• KDI Journal of Economic Policy
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• v.46 no.1
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• pp.53-89
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• 2024

The effects of the betterment of enforced intellectual property rights (IPRs) provisions on services export diversification are investigated. The analysis used an unbalanced panel dataset of 76 developing countries over the period of 1970-2014. The empirical analysis is based on the feasible generalized least squares estimator. It suggests that the implementation of weaker IPR protection fosters services export diversification in less developed countries (i.e., those whose real per capita incomes are less than US$US$ 1458.60), including those with a low level of export product upgrading. Conversely, in relatively advanced developing countries (countries whose real per capita income exceeds US$ 3356.80), including those with high levels of export product upgrading, the implementation of stronger IPR laws induces greater services export diversification. Finally, the analysis revealed the existence of a non-linear relationship between IPR protection and services export diversification. The implementation of stronger intellectual property laws spurs services export diversification in countries with high degree of IPR protection, especially when IPR protection exceeds a certain level, recorded here as having a score of 1.197. In contrast, in countries with weaker IPR protection, in particular those with IPR protection levels that score less than 0.915, it is rather the implementation of weaker intellectual property laws that promotes services export diversification.

• Asian-Australasian Journal of Animal Sciences
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• v.12 no.5
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• pp.815-836
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• 1999

The role of animal agriculture for the quality of human life has always been emphasized during 20th century and it is expected to be even more important in terms of food supplies and in providing additional functions in the future. The world human population has almost tripled during a period of half century. The world population of animals has increased 2~3 times (6 times for chicken) during the last 60 years, and the total amount of livestock products has increased 5~6 times (more than 10 times in pork) with higher annual growth rate (9%) in developing countries. Increased personal income certainly encouraged demand for animal products over grains and lower animal production costs resulted from scientific and technological advances. Similarly the production of total grains has more than doubled owing to the advances in agricultural science during the later part of the 20th century. The average life span of world people in 1950s was only 46 years, which will be increased to almost 66 years in the year 2000. Present date clearly indicate that the life span of people is proportional to their income (GNP) and/or animal protein intake. Animals can provide other resources than foods. The increase of human population indicates that the number of animals as well as per capita consumption of animal products will be increased in the 21st century. The other resources we get from animals are drafts, packing, riding, hunting and herding. Guiding the blind, protection and companionship are also examples of what we can expect from animals. In the very near future, animals will become major donors of organs, skin and producers of drugs or special functional foods. It may be concluded that animals are very closely associated and related to the quality of human life, and they are expected to remain the same way in the 21st century.

• Journal of the Korea Convergence Society
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• v.7 no.4
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• pp.9-17
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• 2016

This study is to analyze korea credit card market and the China credit card market, and predict future economic activity by developing the Algorithm for future economic trend Estimation As a results, there is no significant correlation between personal income growth and the credit card usage amount, and significant correlation between the credit card per capita and the credit card usage amount, in korea. there is significant correlation between personal income growth and the credit card usage amount, and between the credit card per capita and the credit card usage amount in china. it could be predicted that the china credit card market would be increased and the rate of increase would be gradually increased over the next five years, under the condition without constraints in the external environment.

• Journal of the Korean Society of Food Science and Nutrition
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• v.15 no.3
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• pp.300-305
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• 1986

The contributing ratio and type of carbohydrate supply as an energy source were investigated for the period from 1974 to 1984. The major component of energy in food groups was cereals, but the cereals and potatoes were decreased almost steadily. The share from sugars, meats, oils, milk and eggs has been doubled with per capita income increase. Vegetable foods were consisted of 90% of total energy supply. In 1984, approximate 70% of the energy supply of cereals was provided by rice. The type and composition of carbohydrate supply were influenced by per capita income and food processing technology. Less carbohydrate intake and the ratio of complex carbohydrates to refined sugar and simple sugars also decreased.

• Journal of Digital Convergence
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• v.19 no.12
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• pp.133-143
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• 2021

Complicated political situation still plagues charter schools despite their innovative education. Nevertheless, they experienced growth around 2011, yet only a few studies have explored why they had expanded from the political viewpoints. Therefore, using political institutions and political market framework, this study investigated the relationship between political institutions and charter school growth in the US(United States). To do so, this study conducted multiple regression analyses of school growth measured by the number of schools allowed, implementation points, and guaranteed funding. The findings revealed that only governors' partisanship has a significant influence on the number of schools. Moreover, supportive privatization organizations, governors' partisanship, and per capita income affects implementation points. Meanwhile, regarding guaranteed fiscal funding for the charter schools, the teachers' union enrollment rate, governors' partisanship, and per capita income are crucially influential. Finally, the results confirmed that political institutions are also important for education.

• Environmental and Resource Economics Review
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• v.16 no.3
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• pp.643-651
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• 2007

The Environmental Kuznets Curve Hypothesis postulates an inverted-U shaped relationship between GDP per capita and various pollutants. Pollutants emission increases up to a certain level as income goes up; after that, it decreases. This paper investigates the relationship between industry pollutants taking industrial sulfur dioxide omission as example, and economic growth by using province-panel data set from 1989 to 2004 in 28 provinces of P. R. China. The result shows that the EKC hypothesis may be supported in the case of industrial sulfur dioxide, and the GDP per capital of turning point is about RMB 13,548 (at 1978 price). Except Shanghai, all the provinces GDP per capital in this study are less than RMB 13,548, indicating the amount of industrial sulfur dioxide emission will be increasing in the near future. To realize sustainable development and pollutants abatement, the central and local government should adopt an integrated strategy to protect environment.

• Archives of design research
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• v.19 no.3 s.65
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• pp.117-130
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• 2006

This paper analyzed the current status of universal design in the Republic of Korea (Korea) and Japan. In the case of Japan, the aged society or the super aged society has been preparing from 1985 when the aging rate was 10%. Japan's activity to prepare it became promoted during 1990's when per capita Gross National Income (GNI) was $$20,000{\sim}40,000$. In Korea, the preparation for the aging society such as physical environment, barrier free buildings or traffic systems, economic support and investigation or survey is not yet sufficient. Korea must start preparation for an aged society, possibly and quickly. And it needs to prepare until 2026, when the aging rate will be 20%. To prepare a barrier free and an aged society must consider both aging and economic status.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1996.04a
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• pp.333-336
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• 1996

This paper is an exploratory study aimed at finding factors that influence the penetration of cellular mobile telecommunications which have seen rapid development since 1980s. The paper tries to find economy and policy variables to influence the penetration by means of the multiple regression analysis. This paper shows a model that explain the penetration ratio of cellular service. The model is based on data from 39 upper middle income and 39 high income countries. The result shows that GDP per capita and the service period of the cellular mobile telecommunication have influenced on the penetration ratio positively, and the tariff of the service negatively. But, it is the open area to study the impact of the telecommunications policy changes on penetration, and to set a model which could explain the nation-specific characteristics.