• 무역학회지
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• 제44권3호
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• pp.15-24
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• 2019

The study conducted an empirical analysis of the impact of FDI on economic growth in four Asian countries: China, India, Vietnam and Korea. With panel data for the 1990-2017 period, the research model was developed for foreign direct investment (FDI), export amount (EX), government expenditure (G), exchange rate (EXR), and labourable population (L). The panel analysis results show that the increase in FDI, exports, government expenditure, labourable population significantly increased economic growth. The comparison analysis for each country revealed that FDI, exports and government expenditure significantly affect economic growth in China, that exports and government expenditure significantly affect economic growth in Korea, that FDI significantly affected economic growth in Vietnam, and that the increase in the workforce contributed to economic development in India. This paper characterized the different factors of economic growth in the four Asian countries. These results suggest that setting economic priorities to suit the specific economic conditions of each country is a shortcut to more efficient economic growth.

• 대한안전경영과학회지
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• 제22권4호
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• pp.87-100
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• 2020

Economic Development Zone(EDZ) in the province is one of the foreign policy for economic development of North Korea. North Korea has promulgated 27 Economic Development Zones(5 EDZs as central level and 22 EDZs as provincial level) to promote economic growth through the expansion of external opening policy. EDZs of the provinces play an important role in North Korea's national and regional economic growth. The purpose of this study is to select analytical criteria that can be quantified when considering the location conditions of North Korean economic development zones when domestic companies advance into North Korea according to the progress of inter-Korean economic cooperation, and derive the relative importance between the criteria. After that, based on this, we intend to quantify the evaluation of the location priority of the economic development zone. In this study, through AHP analysis results, when domestic companies enter North Korea, we derive the importance and preference of location selection factors when considering the location conditions of North Korean economic development zones. Taking into account the reality of North Korea when the Korean company entered the North economic development zone following location for evaluation. That is, logistics and transportation, industrial infrastructure, competitiveness, and management incentives. And 14 sub-factors were selected and AHP analysis was performed.

• 유통과학연구
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• 제15권12호
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• pp.41-51
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• 2017

Purpose - This study proposes the impact of the US and Korean economic policy uncertainty on macroeconomy, and its effect on Korea. The economic policy uncertainty index of the US and Korea is used to represent the economic policy uncertainty on Korean economy. Research design, data, and methodology - In this paper, we collect the eight variables to find out the interrelationship among the US and Korean economic policy uncertainty index of the US and macroeconomic indicators during 1990 to 2016, and use Vector Error Correction Model. Result - The distribution industry stock index in Korea is influenced by the economic policy uncertainty index of the US rather than of Korea. All variables are related negatively to the economic policy uncertainty index of the US and Korea from Vector Error Correction Model. This study shows that the economic policy uncertainty index of the US and Korea has the dynamic relationships on the Korean economy. Conclusions - A higher economic policy uncertainty shows a greater economy recession of a country. Finally, the economic policy uncertainty of the Korea has an intensive impact on Korea economy. Particularly, the economic policy uncertainty of the US has a strong impact on distribution industry stock market in Korea.

• 한국경제지리학회지
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• 제22권4호
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• pp.381-404
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• 2019

본 논문은 북한 이탈주민을 대상으로 한 설문조사와 심층 면담 결과를 활용하여 북한 내 여러 경제주체들이 경제위기에 어떻게 대응해왔고 이를 통해 나타나는 다양한 경제관행들이 공간성과 어떻게 얽혀 있는지를 규명하는데 목적이 있다. 본 논문은 북한의 시장화를 경제지리학에서 최근 논의되고 있는 '길들이기' 관점에서 바라볼 필요가 있음을 주장하고자 한다. 이와 같은 관점에서 북한의 시장화를 이해할 때 우리는 시장화를 헤게모니 권력을 갖는 거대 프로젝트로서 '저편에 놓여 있는' 무엇이 아니라 공간 내 다양한 경제주체들이 일상생활의 관행을 통해 끊임없이 (재)구성하고 있는 것으로 설명할 수 있다. 경제적 위기와 파열, 경제적 주변화에 대한 경제주체의 대응전략은 경제와 비경제가 절합되어 있는 관점에서 파악할 수 있다. 구체적으로 본 논문은 일상생활의 다양한 대응전략이 경제적, 비경제적 요인들에 의해 중층결정되어 있으며 관행의 효과성은 권력관계에 따라 차별적으로 나타나고 있음을 강조한다.

• 농업과학연구
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• 제49권1호
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• pp.77-91
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• 2022

North-South Korea economic integration is progressing slowly given the sensitive responses to changes in internal and external conditions. Nevertheless, advanced discussions focusing on North-South Korean economic cooperation should continue. Given this background, various studies of the economic effects of economic integration between North and South Korea have been conducted, but research on agricultural issues has been limited. The purpose of this study is to analyze the impact of the economic integration of South and North Korea on the agricultural market. In this study, a simultaneous equation model was constructed using a growth model. Solow's growth accounting approach is used to construct a model for estimating the macroeconomic effect of North-South economic integration. Also, the construction of growth accounting formulas subdivided into South and North Korea as well as agriculture and non-agricultural fields during the construction of the growth model is a major research achievement and differentiates it from previous studies. It is expected that the results of this study will serve as basic information for preparing policy measures to promote integration. However, there are many limitations when estimating the economic effects of North-South agricultural integration and obtaining policy implications given the insufficient available statistical data on agriculture in North Korea and the lack of related studies in the agricultural field. Therefore, it should be noted that there is an inherent problem in that the analysis results vary greatly depending on the assumptions set, as there is inevitably no choice but to rely on many and strong assumptions.

• Journal of Korea Trade
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• 제25권1호
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• pp.18-33
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• 2021

Purpose - This paper investigates the causal relationship between logistics infrastructure development and the economic growth of Korea. Considering the industrial and economic structure of Korea, it is likely that logistics infrastructure is positively associated with the economic growth of the country. Design/methodology - The causal relationship between logistics infrastructure and economic development is estimated using Vector Autoregressive (VAR) and Vector Error Correction Model (VECM) considering long-run equilibrium between the two factors. To this end, a dataset consisting of 7 logistics infrastructure proxies and 5 economic growth indicators covering the period of 1990-2017 is used. Findings - It was found that causality, in general, runs from logistics infrastructure development to economic growth. Specifically, the results indicate that maritime transport is positively associated with the economic growth of Korea in terms of GDP and international trade. In addition, other modes of transport also have a positive impact on either the GDP or international trade of Korea. Originality/value - While existing studies in this area are based on either regional observations or a specific mode of transport, this study presents empirical evidence on causality between logistics infrastructure and the economic growth of Korea using a more comprehensive dataset. In addition, the findings in this paper can provide valuable implications for transport infrastructure development policies.

• East Asian Economic Review
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• 제22권1호
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• pp.29-54
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• 2018

Using the indicators of economic policy uncertainty developed by Baker et al. (2016), this paper investigates the effects of the US economic policy uncertainty on the Korea economic uncertainty as well as Korea-US foreign exchange risk. The key findings are that: (i) the degree of spillovers of policy uncertainty from the US to Korea is considerable but not comparatively high; (ii) the US policy uncertainty plays a stronger and more consistent role in Korean currency risk than Korea policy uncertainty and other macro variables. It implies that the economic policy uncertainty in the US is an important contributor to Korea-US exchange rates.

• 한국항만경제학회지
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• 제25권1호
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• pp.271-292
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• 2009

1990년대 이후 세계경제흐름의 한 가지 특징으로 개방화 및 지역경제통합의 확대를 꼽을 수 있다. 이로 인해 세계경제권은 유럽연합(EU)을 중심으로 하는 유럽경제권, 미국을 중심으로 하는 아메리카 경제권, 그리고 최근에 급부상하고 있는 중국을 중심으로한 동북아 경제권이라는 삼극체제로 재편되고 있다. 이러한 세계경제의 조류와 동북아의 현실 그리고 사상 최대의 항만개발 프로젝트를 수행하고 있는 중국과 자국항만의 경쟁력 회복을 위해 획기적인 항만정책을 도입하고 있는 일본의 움직임 상황을 감안할 때 우리나라도 이에 대한 선도적, 능동적 대책마련이 절실하고 시급한 과제라고 사료된다. 본 연구는 문헌연구의 방법을 통해서 먼저 Hub-Port의 개념과 조건을 제시하고, 동북아 경쟁국의 Hub-Port 발전전략을 논술하며, 이를 위해서 부산항과 일본의 혼슈(시모노세키항)와 규수(키타규수항) 사이에 위치하는 한 일해협경제권의 발전 잠재력과 전략적 협력을 통한 한 일 공동 발전을 모색하는 것이 본고의 목적이다.

• 한국항만경제학회지
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• 제20권1호
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• pp.43-55
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• 2004

This paper investigates how Japanese economic shocks affect the Korean economy and analyzes the channels through which they are transmitted. Also, the relative importance of domestic and foreign shocks on the dynamics of certain key macro variables is investigated. The techniques of vector autoregression (VAR) are employed to investigate the international transmission of economic disturbances. The VAR methodology is a particularly useful means for characterizing the dynamic relationships among economic variables without imposing certain types of theoretical restrictions. The dynamic effects of Japanese economic shocks on the Korean economy are evaluated by estimating variance decompositions (VDCs) and impulse response functions (IRFs). This study supports the notion of economic dependence of a small open economy such as Korea to a large economy such as Japan.

• 산업공학
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• 제23권4호
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• pp.319-326
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• 2010

The SMB supercomputing service provides a supercomputing infrastructure for Small and Medium-sized Business (SMB) to enhance the efficiency of product development activity. In this study, the economic value of SMB supercomputing service is presented. The economic value of service is comprised of a direct and an indirect economic value. A direct economic value was estimated based on the result of user survey on service effectiveness. The input-output analysis method was adopted to estimate an indirect economic value induced from a direct economic value. The future economic value based on the result of user demand survey is also presented. As a result, the annual and future economic value of service were estimated about 55,215 million won and 323,928 million won, respectively.