• Title/Summary/Keyword: Local Finance

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Does Inward Foreign Direct Investments Affect Export Performance of Micro Small and Medium Enterprises in India? An Empirical Analysis

  • SINGHA, Seema;KUMAR, Brajesh;CHOUDHURY, Soma Roy Dey
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.9
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    • pp.143-156
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    • 2022
  • This article examines the effect of inward foreign direct investments (FDI) on the export performance of micro, small & medium enterprises (MSMEs) in India, and investigates the spillover impact and absorption capacity of the MSMEs sector. For the first time, the researchers applied the intersectoral linkage approach to investigate the matter and used a panel dataset between 2006 and 2017. The coefficients of forward and backward linkages are estimated by using the Rasmussen method, the study employs a basic linear panel data model, followed by various diagnostic tests to identify the problem of heteroscedasticity, autocorrelation / serial correlation, cross-sectional dependencies, multicollinearity, time-individual specific tests, and unobserved effects. The PCSE model was applied for robust standard error and the Hausman-Taylor IV model to check the robustness of the result generated in the linear panel data model. Despite the high prevalence of forward and backward intersectoral connections and the Lack of absorption capacity of local firms, the results show that FDI has little of an impact on the export performance of micro, small, and medium-sized businesses in India. This study adds to the existing literature on determining local firms' spillover effect and absorption capacity in response to inward FDI.

Factors Affecting Students' Decision to Choose Regional Public Universities: An Empirical Study from Vietnam

  • LE, Thi Thanh Thuy;TRAN, Minh Tuan;LE, Hoang Ba Huyen
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.143-152
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    • 2022
  • The purpose of this paper is to investigate the impact of several factors on students' decisions to attend a public institution in Vietnam's North Central area. The enrollment issue toward regional institutions is particularly critical in the Vietnam Ministry of Education and Training reforming the university enrollment process and the complicated scenario of the Covid-19 pandemic. A total of 500 students were surveyed for research samples. Data is synthesized, validated, cleaned, and analyzed using SPSS and AMOS software using methods including reliability, EFA, CFA, and SEM. The findings suggest that the proposed independent components (individual factors, study fees, advertisement, infrastructure and facilities, local features, and lastly, training activities) have a beneficial impact on students' decision to attend a public university in the North Central region. The study also found that the graduation exam outcome had a moderating effect on the relationship between registration and students' decisions. These imply targeted solutions for regional public universities to diversify training majors, improve training quality, capitalize on local advantages, increase interaction, and promote training programs and image to be more effective in attracting students and maintaining competition in the current enrollment environment.

Change points detection for nonstationary multivariate time series

  • Yeonjoo Park;Hyeongjun Im;Yaeji Lim
    • Communications for Statistical Applications and Methods
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    • v.30 no.4
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    • pp.369-388
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    • 2023
  • In this paper, we develop the two-step procedure that detects and estimates the position of structural changes for multivariate nonstationary time series, either on mean parameters or second-order structures. We first investigate the presence of mean structural change by monitoring data through the aggregated cumulative sum (CUSUM) type statistic, a sequential procedure identifying the likely position of the change point on its trend. If no mean change point is detected, the proposed method proceeds to scan the second-order structural change by modeling the multivariate nonstationary time series with a multivariate locally stationary Wavelet process, allowing the time-localized auto-correlation and cross-dependence. Under this framework, the estimated dynamic spectral matrices derived from the local wavelet periodogram capture the time-evolving scale-specific auto- and cross-dependence features of data. We then monitor the change point from the lower-dimensional approximated space of the spectral matrices over time by applying the dynamic principal component analysis. Different from existing methods requiring prior information on the type of changes between mean and covariance structures as an input for the implementation, the proposed algorithm provides the output indicating the type of change and the estimated location of its occurrence. The performance of the proposed method is demonstrated in simulations and the analysis of two real finance datasets.

Korean firms' Corporote Networks in Dalian City, China (중국 대련시(大連市) 한국기업의 네트워크 특성)

  • Lu, Bi Shun
    • Journal of the Korean association of regional geographers
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    • v.14 no.5
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    • pp.492-506
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    • 2008
  • This paper aims to explore the characteristics of regional network of Korean firms in Dalian City, China, which is focused on social, cultural and institutional characteristics. To achieve this goal, the paper attempts to analyze the supply of raw material and parts, sales and cooperative relations of the firms. Among Korean firms in Dalian City, the characteristic of non-local network can be seen in supply enterprise of raw material, parts and semi products. On the other hand, a tighter local network relationship can be seen in sales. Large companies appear stronger in non-local network than small businesses and small businesses are stronger in local network. In terms of cooperation among enterprises, many firms have networks of joint marketing, joint use of equipments, exchange of techniques and information with the supply enterprise. With the customer enterprise, there is a network in joint marketing and manpower training. Especially, most of the customer enterprises are Chinese ones, which have extensive networks in big cities, such as in Beijing, Shanghai, Guangzhou, Tianjin and Dalian. In local network, the Korean firms in Dalian cooperate in product development, finance and manpower training with local firms. And in non-local cooperation, Korean firms are active in tech support, information exchange and R&D.

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The Study on a Relationship between Fiscal Decentralization and Regional Balanced Development (재정분권과 지역균형발전과의 상관관계에 관한 연구)

  • Lee, Kyoung-Soo;Park, Jun-Beom;Ma, Kang-Rae
    • Journal of the Korean Regional Science Association
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    • v.35 no.1
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    • pp.33-46
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    • 2019
  • In the previous literature, there have been many attempts to probe the relationship between fiscal decentralization and regional balanced development. Much of the literature on this issue argued that the balanced development could be achieved by deviating power from central government to local government. However, several research has raised concerns about the relationship between the two, showing that decentralization could serve as a factor which could further exacerbate the regional imbalance. In particular, they insisted that most of the local taxes that due to the promotion of fiscal decentralization may be concentrated in the metropolitan area. The aim of this study is to verify the hypothesis that the net effect of decentralization promotion may be different depending on local governments' financial conditions. The empirical analysis of this study showed that local government could expand local taxes of about 18 trillion won if the fiscal decentralization was realized. However it was also be found that fiscal decentralization have shown the decrease in the local taxes.

The Development Prospects of Farmers Education Program in the Age of Local Autonomy (지방자치시대(地方自治時代)의 농업인교육사업(農業人敎育事業) 발전방향(發展方向))

  • Kim, Jin-Goon;Cheong, Ji-Woong
    • Journal of Agricultural Extension & Community Development
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    • v.2 no.2
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    • pp.135-145
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    • 1995
  • The objectives of this study were 1) to investigate the important items affecting the farmers' education system, 2) to estimate their influences on the farmers' education and 3) to present the development directions of farmers education under the changing circumstances of localization. The major or results and implications were as follows. 1. The important items of farmers education were authority in organizing the agricultural extension agency, personnel management, finance, and inspection and audit. 2. The development directions of farmers education were such views as differenti-ation of educational functions of various levels extension organizations, extensionists' competence, developing programs corresponding with farmers needs, participation of farmers, and expanding the educational opportunity for urban-ites and the old generation, etc.

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A Review on the Way to Increase the Role of Tram in the Transit System (노면전차시스템 도입에 대한 역할 증대방안)

  • Lee, Jae-Bong;Kim, Sung-Ryeol;An, Sung-Gin
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.571-588
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    • 2011
  • With the development of the technology, the usage of the car has been increased to the allowed limit of the road and has caused global warming and air pollution. Subway is good transit system with punctuality, safety and eco-friendliness, but it needs relatively much money for construction considering the needs of transit. So it is hard to balance the finance. Many developed countries have adopted advanced transit system including tram for the linking small and medium sized cities after 1980s, due to the relatively low construction cost. This paper reviews the way to increase the role of tram which is planed to be introduced to the local governments as a kind of Advanced transit system.

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Information services for small and medium industry (중소기업을 위한 정보서비스 체제)

  • 김용근
    • Journal of Korean Library and Information Science Society
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    • v.28
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    • pp.171-192
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    • 1998
  • This study attempts to developing an organizational model for industrial information service a n.0, pplicable to industrial su n.0, pporting organization in every industrial sectors. A n.0, ppropriate institutions which provide industrial information would be industrial associations, industrial research and development institutes. The proposed industrial information services could be Kumi Information Center for Industrial Technology (KICIT) and information Center of Machinery and Materials (ICOMM). KICIT has established in cooperation with the Kumi city and Kumoh National University of Technology (KNUT) su n.0, pporting the finance and technology management respectively. ICOMM has established within the framework of the Korea Institute of Machinery and Materials. Major activities of ICOMM is to provide local companies with better extension services on technology information.

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Current Status and Developmental Strategy for the Flower Industry in Chungnam Region (충남 화훼산업의 현황과 발전방향)

  • Kwon, Yong-Dae
    • Korean Journal of Agricultural Science
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    • v.29 no.1
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    • pp.84-98
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    • 2002
  • Rank of Chungnam's flower industry in Korea is sixth in the number of flower fanning household and fifth in the flower cultivating land size in 2000. However, based on the SWOT analysis of Chungnam's agro-environmental factors influencing flower growing, it is noted that further shift of the regional flower industry up to 2nd highest rank nationally can be demonstrated. Strategies for achieving such targets are suggested as follows ; 1) specializing in flower varieties with regional comparative advantage, such as orchids, lily and rose, 2) establishing the educational system for farmers to manage the risks of market price fluctuation, flower cultivation and agricultural finance properly, 3) enlarging the investments in R&D and research facilities 4) assigning the efficient function and communication among the local government, farmers and agricultural marketeers so as to increase the flower exportation.

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A Study on the Competitiveness Evaluation of Korean Automobile Manufacturing (한국 자동차 생산의 경쟁력 평가)

  • 장문철
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.43
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    • pp.393-408
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    • 1997
  • In the early 1990s, as Korean automobile industry has made rapid progress due to favorable trend in domestic demand and steady increase of export it is very important to analyze the extents of competitiveness and the trends of change in the field of production. In this dissertation, the current situation of our competitiveness and its changes in the field of production are synthetically reviewed through examining productivity and quality, that is output, as well as other overall factors related in the process of production. And this analysis reassures that first of all, our prior tasks lie in the quality and volume of production, and we should develope competitiveness through multilateral innovation of management Now in order to meet these prior tasks, we must secure our own technology design and ability for innovaton ; enlarge overseas local production technical tie-up with leading companies and develop M&A for globalization ; improve price competitiveness, construct cooperation of labor and capital, and improve the structure of finance for innovation of management saving the cost ; establish the new method of production for the preparation of increasing overseas investment in near future.

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