• 제목/요약/키워드: Institutional Quality

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The Macroeconomic and Institutional Drivers of Stock Market Development: Empirical Evidence from BRICS Economies

  • REHMAN, Mohd Ziaur
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.77-88
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    • 2021
  • The stock markets in the BRICS (Brazil, Russia, India, China and South Africa) countries are the leading emerging markets globally. Therefore, it is pertinent to ascertain the critical drivers of stock market development in these economies. The currrent study empirically investigates to identify the linkages between stock market development, key macro-economic factors and institutional factors in the BRICS economies. The study covers the time period from 2000 to 2017. The dependent variable is the country's stock market development and the independent variables consist of six macroeconomic variables and five institutional variables. The study employs a panel cointegration test, Fully Modified OLS (FMOLS), a Pooled Mean Group (PMG) approach and a heterogeneous panel non-causality test.The findings of the study indicate co-integration among the selected variables across the BRICS stock markets. Long-run estimations reveal that five macroeconomic variables and four variables related to institutional quality are positive and statistically significant. Further, short-run causalities between stock market capitalization and selected variables are detected through the test of non-causality in a heterogeneous panel setting. The findings suggest that policymakers in the BRICS countries should enhance robust macroeconomic conditions to support their financial markets and should strengthen the institutional quality drivers to stimulate the pace of stock market development in their countries.

노인장기요양보험 시설서비스에 대한 가족수발자 만족도 영향 요인 (Factors related to Family Caregiver Satisfaction with the Institutional care services under the Public Long-Term Care Insurance system)

  • 권진희;한은정;이정석
    • 보건행정학회지
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    • 제19권4호
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    • pp.78-97
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    • 2009
  • This study examined the factors related to family caregiver satisfaction with institutional care services for beneficiaries under the Public Long-Term Care Insurance(PLTCI) system. Determining what contributes to family caregiver satisfaction is a critical step toward implementing effective quality improvement strategies. A national cross-sectional descriptive survey was conducted from November to December 2008, using proportionate quota sampling based on the location and level of Long-Term Care of the beneficiaries. Total 1,745 family caregivers wrote informed consents and 733 (response rate 42%) completed questionnaires, which included caregiver characteristics, organizational resources, primary objective and subjective stressors, perceived quality of services, and family caregiver satisfaction. Family caregivers were satisfied overall with institutional care. In multiple regression analysis, there was a statistically significant difference in degree of family caregiver satisfaction according to caregiver characteristics(relationship to beneficiary), primary objective stressors (insurance type of beneficiary), perceived quality of services(respect to family caregivers' idea, ADL support, expertness of staff, careful concern of staff, fulfillment of client's requests, and safety of institution's environment). In public long-term care, satisfaction efforts are in an early stage of development. This study is meaningful as the first attempt to measure family caregiver satisfaction with institutional care for beneficiaries under the PLTCI system, and to identify factors affecting the satisfaction. Among the identified factors, the policy makers, the insurer, and the providers need to pay attention to perceived quality of services, in particular, to improve customer satisfaction. Our findings can provide quality care improvement initiatives in the public long-term care setting.

학술정보 유통을 위한 기관 레포지터리 운영모형 개발 연구 (A Study on the Development of a University-based Institutional Repository Operational Model for Scholarly Information Distribution)

  • 장금연
    • 정보관리학회지
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    • 제30권1호
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    • pp.93-109
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    • 2013
  • 본 연구에서는 기관 레포지터리의 운영을 활성화시키기 위한 품질관리 요인들을 추출하고 그 중에서 유의미한 영향을 미치는 핵심 품질 관리 요인을 재추출하였다. 그리고 핵심 품질 관리 요인의 개선안을 반영한 운영모형을 개발하여 이용자에게 미치는 효과를 파악하였다. 개발된 기관 레포지터리 운영모형과 시스템 전반에 대한 만족도를 검증한 결과 일반 이용자보다 사서의 만족도가 더 높게 나타났다. 국내 대학은 저작자의 셀프 아카이빙 제출 방식보다는 사서의 대행 제출 방식을 선호하고 있다. 따라서 본 연구에서 개발된 운영 모형을 기반으로 국내 대학도서관의 사서를 중심으로 한 기관 레포지터리 운영 활성화가 촉진될 수 있을 것이다.

국가혁신역량과 제도의 질이 경제성장에 미치는 영향 (The Impact of National Innovation Capabilities and Institutional Quality on Economic Growth)

  • 조형례;정선양
    • 기술혁신연구
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    • 제23권4호
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    • pp.33-61
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    • 2015
  • 국가가 새로운 경제체제로 들어서게 되면서 겪는 어려움과 피해는 생각보다 크다. 지금까지 경제 패러다임이 바뀌면서 국가들이 겪었던 과정을 거치며 경제의 성장과 수렴을 일으킨 여러 가지 요인이 있었다. 특히 혁신과 제도는 그간의 경제성장에 있어서 중요한 요소임에도 횡단면 분석이나 경제적 모형측면에서만 다루어졌던 한계성이 있다. 본 연구에서는 국가혁신역량의 다양성과 제도의 질이 국가의 경제성장에 미치는 요인을 살펴보려고 한다. 또한 최근 경제성장의 주요요인으로 다루어지고 있는 인적자본역량과 해외직접투자와의 관계도 살펴보며, 경제성장 모형에 대한 심층적 고찰을 한다. 경제수준에 따라서 총 4개의 국가그룹으로 64개 국가를 대상으로 분석하였으며, 1995년부터 2011년까지의 데이터를 기반으로 패널모형을 사용해 연구문제에 대해 구조적인 측면의 시사점을 살펴보았다. 연구결과, 국가의 경제수준에 따라서 연구개발 비중과 혁신역량의 다양성은 경제성장에 의미있는 변화를 주었으며, 해외직접투자는 모든 소득그룹에서 경제성장에 긍정적인 효과를 보였다. 국가혁신역량에 있어서는 확산성과 개방성이 경제성장에 가장 의미있는 변수였으며, 이는 경제수준이 높은 국가들의 혁신역량이 경제성장에 미치는 영향이 크기 때문이라고 보인다. 반대로, 경제수준이 낮을수록 혁신역량 및 제도의 수준이 경제성장에 부정적인 영향을 미친다. 개별 국가의 제도의 질 및 경제수준에 따라서 차별적이기에 모호한 측면이 있다고 판단된다. 본 연구를 통해서 국가의 경제수준에 따른 혁신 요소 및 제도적 요인의 적절한 투입과 정책수립에 중요하다는 시사점을 줄 수 있다고 보인다.

Searching and review on the Three Rs information in Korea: time for quality assessment and continued education

  • Choe, Byung In;Lee, Gwi Hyang
    • BMB Reports
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    • 제46권7호
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    • pp.335-337
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    • 2013
  • Scientists planning research that involves the use of animals are required by international and/or national law to examine the possibilities for the implementation of Replacement, Reduction and/or Refinement (the Three Rs principles of Russell and Burch) in experiments for research, testing, and education. There are two Korean laws legislating humane use of animals and ethical review prior to animal experiments. This report reviews current practice of the literature search by the researchers and protocol review by the Institutional Animal Care and Use Committees on the Replacement, Reduction and Refinement alternatives in Korea. The promotion and protection of the laboratory animals are one of the core competencies of investigators exploring the ethical conduct of research and good science.

Economic Growth, Total Factor Productivity, and Institution Quality in Low-Middle Income Countries in Asia

  • NGO, Minh Ngoc;NGUYEN, Loc Duc
    • The Journal of Asian Finance, Economics and Business
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    • 제7권7호
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    • pp.251-260
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    • 2020
  • The purpose of this paper is to investigate the impact of total factor productivity (TFP), institutional quality, and interactive variable between them on economic growth in 13 low-middle income countries in Asia for the period 2000-2018. The paper uses the difference Generalized Method of Moments (GMM) to explore the dataset provided by the World Bank. The empirical results show that TFP and the interactive variable positively impact on the economic growth, while the institutional determinants have a negative influence. The negative effect is explained by the weak institutions in these low-middle income countries. The findings of the study suggest two points. First, the government should continue to improve TFP, which is associated with the application of technical advances, technological innovations, improvement of management methods, and skilled workers. Second, far more important, is that the authorities should pay special attention to implement institutional reform and strengthen the governance in the future. The successful experiences from Japan, Korea and Singapore will help other governments in Asian low-middle income countries to build developmental state. Probably, the developmental state actively interfere in the market to promote and realize the development goals. By doing so, these economies might overcome the so-called "middle-income trap".

유아교사의 개인특성과 유아교육기관 특성이 유아교육기관의 질에 미치는 영향: 유아교실의 질을 향상시키기 위한 조건 (Effects of Personal Backgrounds and Institutional Characteristics of Teachers on the Quality of Early Childhood Education and Care: The Conditions for Improving the Quality Classroom)

  • 박창현
    • 한국보육지원학회지
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    • 제11권2호
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    • pp.201-220
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    • 2015
  • 본 연구에서는 유아교육과 보육의 질을 그동안 유아교사의 학력과 자격에 중점을 두어왔던 전통적인 패러다임을 비판적으로 분석하고, 유아교육과 보육의 질을 향상시키기 위한 조건들을 탐색하고자 하였다. 교사의 학력과 경력, 기관유형과 학급규모, 교육과정 편성유형을 독립변수로 하고, 유아교실의 질에 미치는 영향을 실증적으로 분석하고자 하였다. 유아교실의 질은 유아교육기관 운영의 질, 유아교육과정의 질, 상호작용의 질로 구성하였다. 연구방법으로는 설문조사를 통한 위계적 회귀분석을 실시하였다. 분석결과는 다음과 같다. 유아교실의 질에는 유아교사의 개인특성변수인 경력이나 학력보다는 기관유형이나 학급규모와 같은 기관특성변수의 영향력이 보다 중요한 것으로 보고되었다. 또한 사립보다 국공립으로 갈수록 유아교육기관의 질이 높았다. 유아교실의 질을 구성하는 유아교육기관 운영의 질, 유아교육과정의 질, 상호작용의 질의 변수에서 공통적으로 기관유형변수의 설명력이 보다 높은 것으로 일관되게 나타났다. 이상의 분석결과에 근거하여 정책적 시사점과 추후 연구방안을 제시하였다.

Determinants of Sukuk Market Development: Macroeconomic Stability and Institutional Approach

  • BASYARIAH, Nuhbatul;KUSUMA, Hadri;QIZAM, Ibnu
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.201-211
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    • 2021
  • This study aims to analyze the determinants of macroeconomic and institutional stability on the development of the global sukuk market by controlling the effects of population. This study uses panel data namely GDP per-capita, exchange rate, and inflation as the proxies for macroeconomic stability sourced from the World Development Index, and six dimensions of Worldwide Governance Indicators (WGI) as institutional proxies sourced from WGI-World Bank. To make robust the relationship between macroeconomics and institutional on the global sukuk market, the population (POP) variable was included as a control variable. The development of sukuk uses a proxy for sukuk issuance in the International Islamic Financial Market, for the annual period from 2002-2017. The data was analyzed using the General Method of Moment, and the results show that by controlling the population effects that proved to be significant, GDP per-capita and the rule of law have a significant impact on the development of sukuk, especially when incorporating population effects as control variables, whereby further ascertaining the effect of each macroeconomic-stability variable and institutional stability on sukuk development, especially inflation, found not to affect sukuk development. These results also confirm the previous findings, whereby inflation remains controllable at a certain level for economic development.

Service Quality beyond Access: A Multilevel Analysis of Neonatal, Infant, and Under-Five Child Mortality Using the Indian Demographic and Health Survey 2015~2016

  • Kim, Rockli;Choi, Narshil;Subramanian, S.V.;Oh, Juhwan
    • Perspectives in Nursing Science
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    • 제15권2호
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    • pp.49-69
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    • 2018
  • Purpose: The purpose of this study was to derive contextual indicators of medical provider quality and assess their relative importance along with the individual utilization of antenatal care (ANC) and institutional births with a skilled birth attendant (SBA) in India using a multilevel framework. Methods: The 2015~2016 Demographic and Health Survey (DHS) from India was used to assess the outcomes of neonatal, infant, and under-five child mortality. The final analytic sample included 182,980 children across 28,283 communities, 640 districts, and 36 states and union territories. The contextual indicators of medical provider quality for districts and states were derived from the individual-level number of ANC visits (<4 or ${\geq}4$) and institutional delivery with SBA. A series of random effects logistic regression models were estimated with a stepwise addition of predictor variables. Results: About half of the mothers (47.3%) had attended ${\geq}4$ ANC visits and 75.8% delivered in institutional settings with SBAs. Based on ANC visits, 276~281 districts (43.1~43.9%) and 13~16 states (36.5~44.4%) were classified as "low" quality areas, whereas 268~285 districts (41.9~44.5%) and 8~9 states (22.2~25.0%) were classified as "low" quality areas based on institutional delivery with SBAs. Conditional on a comprehensive set of covariates, the individual use of both ANC and SBA were significantly associated with all mortality outcomes (OR: 1.17, 95% CI: 1.08, 1.26, and OR: 1.10, 95% CI: 1.02, 1.19, respectively, for under-five child mortality) and remained robust even after adjusting for contextual indicators of medical provider quality. Districts and states with low quality were associated with 57~61% and 27~43% higher odds of under-five child mortality, respectively. Conclusion: When simultaneously considered, district- and state-level provider quality mattered more than individual access to care for all mortality outcomes in India. Further investigations are needed to assess the importance of improving the quality of health service delivery at higher levels to prevent unnecessary child deaths in developing countries.

공공가정경영 하위체계의 이론적 틀 고찰과 재구성 - 마케팅관리 영역을 중심으로 (A Study on the Theoretical Schema for the Subsystem of Institutional Household Management - Focused on the Marketing Management)

  • 송혜림;김선우
    • 가족자원경영과 정책
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    • 제9권2호
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    • pp.93-110
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    • 2005
  • Improving the quality and level of the research of institutional household management is one of major issues in the field of study on family resource management and human ecology In this context the purposes of this study were to develop the scheme for the theoretical reconstruction of the subsystem in the institutional household management and to present the applicational contents focused on the marketing management. This study reached a conclusion that the marketing management has to include more practical contents such as PR(public relations), the development and management of supporters and volunteers in order to enhance the useful community resources.

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