• Title/Summary/Keyword: Industry sector

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A Future Economic Model: A Study of the Impact of Food Processing Industry, Manufacturers and Distributors in a Thai Context

  • Maliwan SARAPAB;Duangrat TANDAMRONG
    • Journal of Distribution Science
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    • v.21 no.7
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    • pp.65-71
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    • 2023
  • Purpose: This study attempted to analyze the impacts of the backward linkage and output multipliers, and investigate the price fluctuation and the price forecast amongst the manufacturing sectors associated with food processing industrial output of Thailand. Research design, data and methodology: The Thailand Input-Output table with a size of 180 x 180 sectors from 2005, 2010, and 2015 was utilized while the secondary data of the time series from January 2002 to December 2021 were processed via a multiplicative model and Box-Jenkins model. Results: The backward linkage analysis indicates that canning and preserving of the meat sector majorly utilized the factors of production from the slaughtering sector; canning and preservation of fish and other seafoods sector largely used those factors from the ocean and coastal fishing sector; and the sugar sector used those of the sugarcane sector. Notably, the output multiplier analysis indicated that output multipliers of those 3 manufacturing sectors were highly increased; meanwhile the price fluctuation continually existed in all forms. Besides, the price forecast suggested that prices of chicken and sugarcane tended to be higher; whereas, the price of shrimp was unstable. Conclusions: Food processing industry contains the favorable components to be one of the industries of the future of Thailand.

Trade Liberalization and Manufacturing Productivity Changes in Korea during the Past Three Decades

  • SONG, YEONGKWAN
    • KDI Journal of Economic Policy
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    • v.43 no.1
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    • pp.53-80
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    • 2021
  • The main objective of this study is to determine whether there have been TFP increases in the Korean manufacturing sector due to trade liberalization since the 1990s. Based on the methodology proposed by Pavcnik (2002), which focuses on the channel through which trade liberalization measures enhance overall industrial productivity by triggering the exit of low-productivity firms, this study tests the following two hypotheses: first, the TFP increase in the Korean tradable industry is not higher than that in the non-tradable industry, and second, plants with lower TFP levels did not exit from the tradable industry. Through the rejection of these two hypotheses, it is possible to infer indirectly the effect of trade liberalization on firm productivity rates in Korea since the 1990s. First, this analysis reveals that since the 1990s, the TFP of the tradable sector compared to the non-tradable sector presented a statistically meaningful increase only in the 2000s, when China joined the WTO and trade increased sharply between Korea and China. Secondly, TFP growth in the tradable sector was positively affected by exits, as it was plants with lower TFP levels that ceased to exist.

A Study on Cybersecurity Risk Assessment in Maritime Sector (해상분야 사이버보안 위험도 분석)

  • Yoo, Yun-Ja;Park, Han-Seon;Park, Hye-Ri;Park, Sang-Won
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2019.11a
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    • pp.134-136
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    • 2019
  • The International Maritime Organization (IMO) issued 2017 Guidelines on maritime cyber risk management. In accordance with IMO's maritime cyber risk management guidelines, each flag State is required to comply with the Safety Management System (SMS) of the International Safety Management Code (ISM) that the cyber risks should be integrated and managed before the first annual audit following January 1, 2021. In this paper, to identify cyber security management targets and risk factors in the maritime sector and to conduct vulnerability analysis, we catagorized the cyber security sector in management, technical and physical sector in maritime sector based on the industry guidelines and international standards proposed by IMO. In addition, the Risk Matrix was used to conduct a qualitative risk assessment according to risk factors by cyber security sector.

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Empirical Analysis of the Industrial Markup Determinants in the Transportation & Telecommunication Service Sector (운수통신 서비스산업의 마크업 결정요인에 관한 실증분석)

  • Zhu, Yan Hua;Kang, Joo Hoon
    • International Area Studies Review
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    • v.20 no.1
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    • pp.167-181
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    • 2016
  • In Korea, the transportation & telecommunication service industry is composed of public sector entities, such as public transportation and the postal service, and private sector entities. The public sector may be regulated in terms of pricing or is guaranteed a normal profit. Markup can be a subject for regulation. This paper is to set up the markup equation, estimate the industrial markup, and analyze the markup determinants by estimating the factor price elasticities of markup in the Transportation & Telecommunication industry. The factor price elasticities of markup were estimated to be -0.07 in wage rate, -0.45 in import price index, and -0.13 in interest rates. We suggest that import price and interest rate are major factors to be considered first of all in regulating the transportation & telecommunication industry.

INNOVATION IN JAPAN'S CONSTRUCTION INDUSTRY - PERCEPTIONS OF CLIENTS AND CONTRACTORS

  • Alexander Pichura
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.875-880
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    • 2005
  • This paper represents a partial outcome of a doctoral research undertaken at the University of Tokyo, Japan. The doctoral research looked on the phenomenology of innovation and its implications for the construction industry in Japan. This paper focuses on the perception of innovation by major Japanese construction clients and major Japanese construction firms. Among construction researchers innovation is a popular topic and no conference will miss covering the issue. After a period of very critical judgment on the ability of the construction sector to innovate and partially even frustration on the inflexibility of the sector, a much more positive attitude was taken. At present, most construction researchers would agree that the construction sector clearly is very innovative. That stands in contrast with how construction practitioners perceive their own sector. This paper presents the results of and empirical research in how construction clients and contractors in Japan perceive the issue of innovation. In fact the perceptions differ largely and give interesting insights on particularities of the Japanese construction sector and on the mismatch of clients and contractors perceptions.

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Comparative study of the wage survey in Construction sector and the Labour force survey for analysis of wage variation in construction industry (건설업 임금 변동 분석을 위한 건설업 임금실태 조사와 사업체노동력조사 비교)

  • Lee, Ju-hyun;Baek, Seung Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.05a
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    • pp.281-282
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    • 2021
  • The construction industry is known for a large number of workers and its high employment inducing effect. Therefore, the survey on the wages of the construction industry is an important basic data for grasping fluctuations according to the survey cycle and establishing future policies, and it is a statistical data having a large impact on related industries. In this study, we intend to conduct a comparative analysis of 'the wage survey in Construction sector,' which is the representative nationally approved statistics that surveys the current construction industry wages, and 'the labor force survey of business establishment'.

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Survey on Strategies for Developing the Mongolian Cashmere Industry (몽골 캐시미어 산업 발전방안 모색을 위한 현장 근무자 조사)

  • Yu, Haekyung;Ko, Sunyoung
    • Journal of the Korean Society of Costume
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    • v.64 no.2
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    • pp.84-97
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    • 2014
  • This research aimed to explore strategies to develop the cashmere industry in Mongolia. Questionnaire consisted of questions regarding the necessity of development in different sectors in the cashmere industry, and areas of necessary competition for the development of Mongolian cashmere industry. In addition, characteristics of respondents and their companies were questioned. Surveys were distributed to people working in cashmere manufacturing companies in Ulaanbaator, Mongolia between July 25th, 2012 to September 3rd, 2012, and a total of 79 questionnaires were included in the final analysis using descriptive analysis, t-test, one-way ANOVA, and Duncan test. Results showed that respondents perceived design as the sector that needed the most improvement, and product related strategies such as product quality, product differentiation, and design were more important than distribution or promotion related strategies. The perceptions on the development strategies differed according to company size and their target markets (domestic vs. export). Overall, respondents working in smaller companies showed greater concern for most sectors, and also felt technology, product quality and design were more important than those in working in larger companies. Companies that targeted the domestic market showed greater concern for herding and scouring sector than companies that exported, while the latter evaluated government policy, network, distribution/export channels more importantly than the former in developing the Mongolian cashmere industry.

Economic ripple effect and growth contribution of information security industry (정보보호 산업의 경제적 파급효과 및 기여도 분석)

  • Kim, Pang-ryong;Hong, Jae-pyo
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.19 no.5
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    • pp.1031-1039
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    • 2015
  • This study examines the economic ripple effect on the domestic information security manufacturing and service sectors through input-output analysis. The production inducement coefficient of the manufacturing sector is bigger than the average of whole industry, but that of the service sector is smaller than the average. On the other hand, the service sector is superior to the manufacturing sector in the value added and employment inducement coefficients. Forward and backward linkage effects of manufacturing and service sectors are generally lower than those of the average of whole industry. The information security industry has insignificant contribution to national economy and employment growth overall. In particular, the manufacturing sector records minus contribution to employment growth, which means that a lot of effort for increasing employment must be given further on in the sector.

Study on Strengthening the Maritime Sector Cybersecurity (해상 사이버보안 강화방안 연구)

  • Yoo, Yun-Ja;Park, Han-Seon;Park, Hye-Ri
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2019.05a
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    • pp.238-239
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    • 2019
  • Cyber attacks can be caused by all equipment that perform communication functions, and the link between ship and land due to the development of communication technology means that the ship sector as well as the land sector can be easily exposed to cyber threat vulnerability. In this paper, we analyze cyber threat trend changes to identify cyber security vulnerabilities in the maritime sector and propose measures to enhance cyber security through other industry case studies.

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Sector Investment Strategy with the Black-Litterman Model (블랙리터만 모형을 이용한 섹터지수 투자 전략)

  • Song, Jung-Min;Lee, Young-Ho;Park, Gi-Gyoung
    • Korean Management Science Review
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    • v.29 no.1
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    • pp.57-71
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    • 2012
  • In this paper, we deal with a sector investment strategy by implementing the black-litterman model that incorporates expert evaluation and sector rotation momentum. Expert evaluation analyzes the relative performance of the industry sector compared with the market, while sector rotation momentum reflects the price impact of significant sector anomaly. In addition, we consider the portfolio impact of sector cardinality and weight constraints within the context of mean-variance portfolio optimization. Finally, we demonstrate the empirical viability of the proposed sector investment strategy with KOSPI 200 data.