• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.9-17
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• 2021

Globalization is an economic process responsible for the increase of interdependence of world economies. It enhances the mobility of national resources internationally via the integration of markets, trade and investments with minimal barriers to slow the flow of products and services. Although globalization has some positive impacts on the economy, it is said to be a factor in the decline of income inequality of the participating countries. However, the results of previous studies on the relationship between globalization and income inequality are inconclusive. This suggests that there are other factors influencing the relationship between the two variables. The purpose of this study is to examine the role of intelligence (IQ) in the globalization-income inequality relationship. This study employs the threshold regression technique and cross-nation observations from 117 sample nations for the period 1980-2016. The results show that the impact of globalization on income inequality in a nation relies on its IQ level. The results imply that economic globalization has a negative impact on income inequality in nations with lower IQ levels. It widens the gap between the poor and rich. While in nations with higher IQ levels, it seems to not have any significant impact on income distribution.

• The Journal of Asian Finance, Economics and Business
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• 제9권10호
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• pp.137-145
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• 2022

This study aims to test the information content of sustainability reports issued by the most significant telecommunications companies operating in the Kingdom of Saudi Arabia (Stc, Zain, and Mobily), and their compatibility with the national sustainability standards issued by the Ministry of Commerce in the Kingdom of Saudi Arabia in light of the Kingdom's vision 2030, and its impact on the stock exchange indices of these companies. The event study methodology was used to study the impact of publishing sustainability reports on stock prices and the trading volume of these companies' shares in the Saudi stock market during the period from (October 2020 to March 2021). The results indicate a significant impact of the information contained in the sustainability reports on stock prices and trading volume in the stock market, and the importance of directing the company's management towards more disclosure of information about sustainability in its environmental, social, and economic aspects instead of focusing only on information related to the financial performance and economic activity of the company. This encourages the listed companies to disclose the sustainability of the financial reports and standardize the form in which these disclosures are prepared.

• 농업과학연구
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• 제26권1호
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• pp.100-108
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• 1999

This paper reviews some methods on evaluating the impacts of low input farming on profitability, environments and human health. Measuring diverse effects of low input farming on the environmental economic aspects of agriculture poses a challenge because of difficulty in placing the objective value judgement on those impacts. This Study attempts to identify the individual attributes of low input agriculture and to examine the method of consturcting a simple index after assessing its marketed or non-marketed values in numerical terms. Validity of integrating socio-economic value of low input agriculture, which might be measured by multiple criteria approach, into a single index can be criticized. However, it might be meaningful in that this study suggest the guidance for how to assess the environmental and economic value of low input agriculture by single criteria and the possibility of overcoming the controversial subjectivity in weighing the different impact criteria.

• East Asian Economic Review
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• 제17권1호
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• pp.3-25
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• 2013

This paper evaluates whether the proposed FTAAP is a desirable policy option for APEC member economies and the world economy. More specifically, this paper qualitatively investigates whether the FTAAP satisfies conditions for a trade bloc to generate positive and sufficient net trade creation effect. In addition, this paper estimates the likely impact of the FTAAP by using a CGE model analysis. From the qualitative analysis based on statistical data, this paper strongly argues that the FTAAP can be a desirable regional trade bloc able to generate positive gains from freer trade. From the ex-ante scenario analysis using both static and capital accumulation CGE Models, this paper concludes that the FTAAP has great potential for improving welfare of participating APEC economies and will boost economic growth in the region. In particular, the FTAAP would be even better if it can be linked with liberalization of trade in services and enhanced trade facilitation.

• 한국방재학회 논문집
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• 제7권5호
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• pp.159-166
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• 2007

Large scale flood disasters bring human losses and properties, which lead to the decrease of our productive value and change social environment. Human loss and economic damage are considered to be the same system but they are viewed as separated systems. The total amount of human loss can be represented as the total amount of economic damage estimated in the frame of social system while it will be possible to make mutual changing by clearing the relations between social and economic systems. In this regard, an attempt to estimate economic loss considering per capita Gross Domestic Production (GDP) caused by flood-related mortality was carried out to the typhoon Rusa of 2002 in Kangwon-do. The proposed method tried to capture quantitative factors which are affecting the loss of per capita GDP. The approach has great importance not only to set up governmental policy but also methodological progress in the research due to impact of disaster-related mortality on GDP loss.

• Asian review of World Histories
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• 제2권1호
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• pp.47-80
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• 2014

After the outbreak of the Korean War on June 25, 1950, the US included the Republic of China on Taiwan (Taiwan hereafter) in its Asia-Pacific containment line, and restored the military and economic aid to Taiwan for the sake of regional security. The US aid to the countries along the Asia-Pacific defense line was not only in the form of supplying munitions, but also linked these countries together in an economic dimension. Taiwan is one of the 120 countries which had accepted US aid and also successfully moved from "dependence" to "independently sustained growth." This article will firstly review the historical background of US aid to Taiwan and related institutional development; secondly, this article will illustrate how Taiwan used US aid, and which economic sector the US aid affected; thirdly, it will trace the impact of US aid on Taiwan's foreign trade, and finally, to make a conclusion.

• 동아시아경상학회지
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• 제5권1호
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• pp.1-9
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• 2017

Nigeria like many other developing countries' eagerness to accelerate socio-economic development has prompted her to adopt several approaches over the years since independence. These have ranged from the import substitution scheme, the indigenisation policy, and structural adjustment programme to the national economic empowerment development strategy. Nigeria has sought to widen her economic base by engaging in increased cross-border trade and investment activities. This is with a view to spurring the process of industrialization and ultimately lowering the level of poverty in the country. This has led to the formulation of various industrial policies and processes, all geared towards integration into the world economy. Using secondary sources, this paper seeks to analyze Nigeria's journey towards industrial development especially within the context of globalization. It concludes by explaining the impact of the new economic paradigm on the country's quest to industrialize and recommends alternative path towards development and growth.

• Journal of East Asia Management
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• 제2권1호
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• pp.49-62
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• 2021

Multinational enterprises have adopted the form of business to successfully operate globally, and the overseas project has brought huge cultural exchange and penetration. The cultural liberalization also has improved the manufactured goods production and effect the consumers' purchase intentions. In this paper we focused on the influence factors that effected the cultural output, by investigating the actual consume market, using Structure Equation model(SEM model) to test the relationships among cultural preferences and purchase intentions of foreign products. Also, we evaluated the consumers' ethnocentrism's influences on cultural identity with other nations' cultural background. Lastly, we concluded that cultural identity has influences and complicate individual thoughts and purchase actions, it provides significance of impact of nation's soft power and whole economic development, and ethnocentrism has no significant influences on consuming foreign manufacture goods.

• Asian Journal of Innovation and Policy
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• 제12권3호
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• pp.277-303
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• 2023

The importance of ecosystem service such as green spaces has risen due to restrictions on outdoor activities amid the climate crisis and COVID-19. While gardens significantly impact economic development, quality of life, and social well-being, comprehensive studies on their multidimensional values are lacking. This research categorizes garden values into social, cultural, environmental, and health dimensions and proposes an integrated assessment framework that introduces detailed elements and evaluation methods. An empirical assessment of carbon storage index in two Korean gardens, Semiwon and Juknokwon, reveals Semiwon's higher carbon storage per unit area. The proposed framework, emphasizing a quantitative approach, enables cross-national and regional comparisons, contributing to a broader understanding and evaluation of garden values beyond specific facilities.

• 무역학회지
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• 제41권4호
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• pp.41-59
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• 2016

한 국가의 기업가정신이 경제성장에 기여하는 영향요인으로 주목받고 있는 상황이다. 본 연구는 기업가정신을 기업가적 행동과 환경으로 세분화하여 이들이 국가의 경제성장에 미치는 영향에 대하여 분석하고자 하였다. 기존 연구에서는 기업가정신이라는 변수를 중심으로 경제성장과의 관계성을 분석하였다면, 본 연구에서는 기업가적 활동과 기업가적 환경이라는 변수를 이용하여 극가들의 경제성장에 미치는 영향을 설명하고자 하였다. 더 나아가, 무역과 혁신이 제시된 독렵변수들과 경제성과와의 관계에서 조절적 역할을 수행하는 지를 검증하고자 하였다. GEM의 Adult Population Survey(APS)와 National Expert Survey(NES), World bank에서 데이터를 수집하여 패널분석을 실시한 결과, 기업가적 행동과 기업가 환경요인은 모두 혹은 부분적으로 국가별 경제성장에 유의한 정의 영향을 미치는 것으로 분석되었다. 특히, 기회추구형 창업활동이 경제성장에 정의 영향을 주는 것으로 나타나 창업활동의 질적인 측면이 경제성장의 성과로 이어지는데 중요한 변수임을 도출하였다. 또한, 정부 창업 지원프로그램과 경제성장의 관계에 대하여 무역과 혁신이 유의하게 조절효과를 갖는 것을 확인하였으며, 본 연구 결과에 따른 시사점에 대하여 논의하였다.