• Title/Summary/Keyword: Latin American

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Analysis of Income-led Growth Path Induced by Government and Consumption Expenditures (정부지출과 소비지출에 의한 소득주도성장 경로 분석)

  • Rhee, Hyun-Jae
    • The Journal of the Korea Contents Association
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    • v.20 no.7
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    • pp.602-617
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    • 2020
  • The aim of this study is to evaluate the effects of income-led growth path induced by government and consumption expenditures. Six of Nordic countries, Latin American countries and South Korea are selected for this purpose due to the fact that these countries have been pursuing income-led growth policy for more than the last decade except South Korea. The structural equation is formulated based on the government and consumption expenditures with lagged variable, and the GLMs estimation is employed for empirical analysis. Although the impacts are not overwhelmingly effective, empirical evidence suggests that income-led growth path contributes to stimulate economic activities which are associated with increasing in national income in Nordic countries and South Korea. However, the income-led growth path is quite weakly operated. Furthermore, it is even unstable in Latin American countries. In addition to this, the policy target would rather be focused on middle consumption group than low consumption group. Overall, it would be concluded that the income-led growth policy should be implemented for complementary purpose. And, it also has to be mentioned that sustainable growth may not be achievable by this policy.

Sources of Trade Balance Dynamics in Korea

  • Kim, Jiwoon;Yu, Jongmin
    • Journal of Korea Trade
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    • v.26 no.2
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    • pp.21-44
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    • 2022
  • Purpose - This study quantifies sources of trade balance dynamics over the business cycle in Korea. Specifically, we quantify the relative importance of domestic and foreign factors on trade balance dynamics using a small open economy real business cycle (SOE-RBC) model and provide policy implications for stabilization policies. Aggregate productivity and interest rate spreads are considered domestic factors affecting the trade balance. A world interest rate (the U.S. interest rate) is considered a foreign factor. Design/methodology - Following Neumeyer and Perri (2005), we build the SOE-RBC model with three types of shocks: aggregate productivity, interest rate spread, and world interest shocks. The model is estimated by the generalized method of moments (GMM) using relevant business cycle statistics. The estimated model is used for quantifying the relative importance of domestic and foreign factors on trade balance dynamics in Korea. Findings - Our main findings can be summarized as follows: 85.64% of the trade balance fluctuations in Korea are explained by domestic factors, the remaining 14.35% by foreign factors. Particularly, trade balance dynamics are mostly accounted for by the change in aggregate productivity shocks (85.58%). World interest rate shocks considerably explain trade balance (14.35%), whereas the role of interest rate spread shocks that represent domestic risks is limited (0.08%). Although aggregate productivity is key in explaining trade balance dynamics in Korea, interest rates still have an essential role. This is because aggregate productivity changes induce interest rate spread variations and, thus, the trade balance significantly. The results suggest that government policies mitigating fluctuations in aggregate productivity would be effective for stabilization policies in Korea by reducing the trade balance volatility. Originality/value - Existing studies on the emerging market business cycle examine mostly Latin American countries, and the main object of the studies is the volatility of consumption rather than trade balance dynamics. Conversely, our study examines Korea rather than Latin American countries. Additionally, we examine sources of trade balance dynamics, which are relatively more important in Korea, rather than those of the volatility of consumption. Hence, we estimate the model to explicitly match moments related to trade balance in the data.

Allegory and Metafiction in José Donoso's Casa de campo (호세 도노소의 『시골 저택』에서 알레고리와 메타픽션)

  • Park, Byong-Kyu
    • Iberoamérica
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    • v.22 no.2
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    • pp.1-23
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    • 2020
  • Jose Donoso's Casa de campo is an uncertain and ambiguous novel because it has a political allegory on one hand and metafiction on the other. The novel may well be considered a political allegory about the 1973 military coup in Chile. This understanding, however, oversimplifies the fictional world of Casa de campo. In the deep level of the narrative, the novel is a literary portrait of challenges and failures that occurred in Latin American history. As metafiction, Casa de campo features discourses on the literary portrait and calls attention to reality outside the novel. Therefore, Donoso seeks to reveal the unusual, temporary and fictional character of the grim reality.

A Comparative Study on Population Policies in Developing Countries (개발도상국들의 인구정책에 관한 비교연구 -출산조절정책을 중심으로-)

  • 안계춘
    • Korea journal of population studies
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    • v.9 no.1
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    • pp.54-68
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    • 1986
  • This study was designed to make a comparative analysis of fertility control policies in developing countries selected from Asia and Latin America. Considering the size and the density of population, the history of the fertility control policy, and the availability of references, eight countries were chosen among Asian developing countries that have adopted the fertility control as an official policy. All of nine countries in Latin America that have adopted family planning as an official policy were included in this study. An attempt was made to formulate an analytical framework to be used for a comparative analysis of fertility control policies. It can be represented by a continuum which consists of individual approaches and structural approaches to fertility control at both extremes. It represents fairly well the controversies between those who advocate family planning and those who advocate measures beyond family planning, but assumes that the two sides of the controversy form a continuum of approaches to fertility control. Various fertility control policies of each country were placed along this continuum and analyzed. The results of the analysis can be summarized as follows: (a) Those countries that have higher population pressure in terms of either the size of population or the population density tend to adopt fertility control policies earlier in time. (b) Those countries that have higher population pressure in terms of either the size of population or the population density tend to adopt more comprehensive measures along the continuum of fertility control policies. (c) Those countries that adopted more comprehensive measures along the continuum seem to have succeeded in reducing their level of fertility more effectively. (d) Developing countries in Asia tend to adopt more comprehensive measures to control fertility than those in Latin American countries. (e) The reduction of fertility in developing countries seems to be associated with both the fertility control policies and the level of socioeconomic development.

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A Study on Jamaican music Used in Moombaton (뭄바톤에서 사용된 자메이카 음악에 관한 연구)

  • Park, Beom-geun;Cho, Tae-seon
    • Journal of Digital Convergence
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    • v.19 no.6
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    • pp.273-280
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    • 2021
  • The purpose of this study is to analyze the music of the Moombaton genre and to find out the characteristics of Jamaican music in it. I analyzed Lewis Poncy's and BTS's rhythmically, melodically and instrumentally to find the characteristics of Jamaican music. As a result, the rhythm features a Dembow rhythm and reggae rhythm derived from traditional Jamaican music. and As a feature of the melody, toasting, a unique Jamaican expression method, was used. Instrumental features include Latin American percussion, South American melodic instruments, and the use of tr-808. This study is meaningful in creating another fusion genre by finding the elements of Jamaican music in the current popular genre of EDM.

An Investigation to Outlook the Effect of FTA on Motor Car Export to Latin America and the Appropriate Action Plan - By Looking at Statistics and Factors that Influenced Export of Motor Cars to Chile - (FTA 체결에 의한 중남미 자동차 수출 전망과 대응 방안 연구 -대(對) 칠레 자동차 수출 성과 및 영향요인 변화 분석을 중심으로-)

  • Choi, Ki-Young
    • International Commerce and Information Review
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    • v.14 no.3
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    • pp.139-158
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    • 2012
  • FTA is one of the most important trade policies for the motor car industry. Due to the large amount of employment and production the motor car industry provides in a country, in a lot of cases, the protective trade policies that countries employ are targeted for the motor car industry. In this point of view, it can be said that the Latin American FTA strategy such as the 'Korea-Columbia FTA', 'Korea-Peru FTA' and 'Korea-Chile FTA' has a large influence in the development of Korea's car industry. This paper analyses changes in factors influencing car export before and after the signing of the Korea-Chile FTA to forecast the export of motor cars to Latin America and aims to propose an action plan. Research shows that out of the variables 'exchange rate', 'GDP', and 'oil price, 'GDP' showed a strong corelation with export before and after the FTA. Regression analysis also showed that only 'GDP' has an impact on export rates and that its impact is most highest after the exhibition of FTA's effects. This suggests that FTA has an important effect in motor car export to Latin America but export is also strongly interlocked with the local country's economic condition which highlights the requirement for an action plan such as the establishment of local production systems.

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Methodology of bibliography (서지학의 연구방법)

  • Lee Hee-Jae
    • Journal of the Korean Society for Library and Information Science
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    • v.20
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    • pp.223-270
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    • 1991
  • To give any science or discipline an assured status, the most important and fundamental thing is to establish the method of research. 'Bibliography' is an ambiguous and much-abused term in any area, oriental, anglo-american, or latin countries. This study is a little essay to examine the different theories of these three areas and to synthesize the common factors. It is devised three parts : the definition of the term itself and the transition of its concept, the introduction of each theory, and a proposition of methodology based on these theories. In all, bibliography is commonly understood to mean (i) a list of books and other graphic materials arranged according to some system, (ii) the study of books as material objects include historical and textual problems, (iii) as a science of books, the systematic study of all conditions of its production, diffusion, and utilisation, including the study of factors of explication of phenomenon, on the political, economical, technical, social and culturel plans.

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Penetrating Cardiac Injury and Traumatic Pericardial Effusion Caused by a Nail Gun

  • Miranda, Willem Guillermo Calderon;Fuentes, Edgardo Jimenez;Hernandez, Nidia Escobar;Salazar, Luis Rafael Moscote;Parizel, Paul M.
    • Journal of Trauma and Injury
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    • v.30 no.1
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    • pp.21-23
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    • 2017
  • Penetrating cardiac injury caused by nail gun is an uncommon life-threatening condition characterized by a rapidly severe hemodynamic status compromise. We report non-contrast-enhanced CT findings of a right ventricle myocardium injury leading to a fluid collection in the pericardial space with the same attenuation as blood. The CT findings well depicted the pathological feature of a significant cardiac injury and may be helpful for the surgical management.

Organic Meat: an Overview

  • Pathak, P.K.;Chander, M.;Biswas, A.K.
    • Asian-Australasian Journal of Animal Sciences
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    • v.16 no.8
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    • pp.1230-1237
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    • 2003
  • Organic farming is an emerging area for crop and livestock production, processing, marketing, trade and consumption, and, therefore, for research all over the world. In developed countries it has made significant inroads but the developing countries especially the Asian countries are in the stage of conception only, as far as organic livestock production is concerned. Some Latin American countries have started exporting organic meat products to developed countries. In such a scenario, information needed in the area of organic livestock production has increased significantly. This paper reviews the developments so far and prospects for future for organic meat production in Asian countries.

Asymmetric Effects of Global Liquidity Expansion on Foreign Portfolio Inflows, Exchange Rates, and Stock Prices

  • Rhee, Dong-Eun;Yang, Da Young
    • East Asian Economic Review
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    • v.18 no.2
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    • pp.143-161
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    • 2014
  • This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more persistent in emerging economies than in liquidity recipient advanced economies. Moreover, global liquidity appreciates emerging economies' exchange rates more persistently than those of advanced economies. Lastly, while global liquidity expansion increases foreign portfolio investment inflows to Asian countries and liquidity recipient advanced economies, there is no evidence for Latin American countries.