• Title/Summary/Keyword: National economic impact

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A Study on the Impact of Price Change of International Crude Oil on Merchandise Balance (국제원유 가격변동이 상품수지에 미치는 영향 분석)

  • Son, Yong-Jung
    • International Commerce and Information Review
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    • v.10 no.3
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    • pp.459-474
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    • 2008
  • Under violent competition to secure international raw materials, safe supply and demand of crude oil that only relies on import among main raw materials is an important task for Korean economic development. Therefore, this study aims to analyze the impact of price change of international crude oil on merchandise balance. It also presents political suggestions in preparation for national economic development and safety and develops an organized and long-term overseas resources development program. As the time-series data which had the 1st difference contribute to dismissal of the null hypothesis successfully, we carry out a multivariate cointegration test developed by Johansen (1988) and find that at least one cointegration vector exists. And, when Impulse Response Function is introduced, as the crude oil import price shows a negative impact from Step 2, then an extreme change, a positive impact since Step 13, is maintained and a safe result appears.

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Environmental Impact Assessment and Environmental Information System (환경영향평가와 환경정보체계)

  • Kim, Myung-Jin;Han, Eui-Jung
    • Journal of Environmental Impact Assessment
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    • v.4 no.3
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    • pp.95-102
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    • 1995
  • Environmental Impact Assessment (EIA) in Korea has worked toward environmental conservation and decision making since the Environmental Impact Statement of 1981. In order to implement the EIA process effectively, we have developed a system for and various methods of EIA. Among these methods, the Environmental Information System, which was introduced recently in Korea, can be used to integrate geographic and attribute data effectively. This study includes methods by which we may use the Environmental Information System. First of all, it explains building EIA factors on the natural environment, the living environment, and the socio-economic environment defined by Environmental Impact Statement regulations in Korea. This study also presents some applications of the assessment methods concerning suitability analysis of landfill sites. Finally, it shows the effectiveness of the Environmental Information System in odor impact assessment. Based on these analysis, the study makes some conclusions for the applications of the Environmental Information System.

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An Assessment of the Residential Electric Energy Consumption Induced by Global Warming (지구온난화에 의한 가정용 전력에너지의 소비평가)

  • Lim, Han-Cheol;Byun, Young-Hwa;Kwon, Won-Tae;Jhun, Jong-Ghap
    • Atmosphere
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    • v.18 no.1
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    • pp.33-41
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    • 2008
  • This study provides an impact assesment of climate change on energy consumption, based on active-deal scenario. This approach assumes that the amount of electric energy consumption depends on human spontaneous acts against local (REC) has ben developed by using monthly mean temperature and monthly amount of electric energy consumption in the 6 major cities over the 19-205 period. The statistical model is utilized to estimate the past and future REEC, and to assess the economic benefits and damage in energy consumption sector. For an estimation of the future REEC, climate change scenario, which is generated by National Institute of Meteorological Research, is utilized in this study. According to the model, it is estimated that over the standard period (1999~2005), there might be economic benefits of about 31 bilion Won/year in Seoul due to increasing temperature than in the 1980s. The REC is also predicted to be gradually reduced across the Korean peninsula since the 2020s. These results suggest that Korea will gain economic benefits in the REC sector during the 21st century as temperature increases under global warming scenarios.

A Development of Railroad R&D Project Performance Analysis Method (철도사업 성과분석 표준매뉴얼 개발)

  • Jin, Il-Kyoung;Yoo, Jae-Kyun;Byun, Ji-Young
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.472-476
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    • 2011
  • Railway R&D technology development projects for the economic value of technology development does not mention the estimated economic impact on future policies must reflect the issues that are raised. In the research phase of technology development by providing value and economic effects can increase the utilization of technology development are considered. However, some items in some way to analyze and quantify its effect on what the procedures are not standardized, not as needed by individual researchers and analysis by providing a variety of reliability problems can occur. Therefore, the development of technologies to measure the value and economic impact analysis and the development of a standardized manual is needed. In this paper, development of railway technology R & D performance (technical, economic) to be estimated by an objective analysis of standardized and that man should aim to create. And the standard manual of the national economic effect in the development of technologies (production inducement effect, the effect of import substitution industries, including analysis using the taxable year), due to technology development and economic benefits (investment in railways in the handbook and the feasibility of the proposed railway project to produce various ally standards), technology development, and on which to base the valuation will.

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A New Techno-Economic Modeling and Analysis for FTTH Optical Access Networks (광 가입자 망 진화를 위한 기술 경제성 평가)

  • Lee, Young-Ho;Hahm, Tae-Hoon;Kim, Young-Jin;Han, Jung-Hee
    • IE interfaces
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    • v.18 no.3
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    • pp.277-287
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    • 2005
  • In this paper, we deal with a new techno-economic modeling and analysis for optical access networks. In deploying the fiber-to-the-home (FTTH) architecture, network planner needs to consider the following techno-economic issues: when do we need to upgrade existing local access network to FTTH network? how much do we invest to maximize profit? In order to answer these techno-economic questions, we need to consider the impact of emerging technologies and business environment. Toward this end, we develop a new techno-economic modeling to deal with the inherent complexity of technology evolution and cost economics. In particular, the new modeling approach provides us with an techno-economic analysis of technology alternatives such as ethernet passive optical network (E-PON) and wavelength division multiplex passive optical network (WDM-PON). In this analysis, we focus on the impact of critical factors such as the cost characteristic of proposed architecture and digital subscriber line (DSL) subscriber's churn-in to FTTH service and churn-out. We develop mixed integer-programming models for finding the evolution path of local access networks to broadband network architectures.

Economic Impacts of Selection and Dissemination of Korean Proven Bulls (한우보증씨수소 선발 및 보급의 경제적 파급효과 분석)

  • Yeo, Jun-Ho;Lin, Qing-Long
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.2
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    • pp.1101-1108
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    • 2015
  • This study provides the importance and value of selection and dissemination of Korean proven bulls by analyzing an economic impact. The results of economic impact analysis show that selection and dissemination of Korean proven bulls have a significant role in development of Korean bulls industry. The results of this study we found that the economic effect was 498.49billion won based on the condition of over grade 1. And the economic effect was 521.22 billion won based on the condition of over grade 2. It also insists that a continuous research and development of selection and dissemination of Korean proven bulls is needed for development of Korean bulls industry.

Environmental Assessment Index Development (환경평가지표의 개발)

  • Choi, D.I.;Chang, C.K.;Kim, M.J.;Lee, J.W.
    • Journal of Environmental Impact Assessment
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    • v.1 no.1
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    • pp.31-40
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    • 1992
  • As the environmental concerns in Korea have shifted gradually from the environmental pollutions to the quality of life (QOL) enhancement, it has become increasingly important to implement comprehensive assessment of environmental quality as possible. This is the major reason to develop Environmental Assessment Index. This study focuses on indices development of factors in Environmental Impact Statement Preparation Regulation. Environment in this regulation is composed of natural environment, life environment and socio-economic environment, and it is composed of 22 factors. EAI(Environmental Assessment Index)studied in this research is integrated by 16 factors. It will contribute to public participation in Environmental Impact Assessment process and environmental policy.

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Macro-Economic Factors Affecting the Vietnam Stock Price Index: An Application of the ARDL Model

  • DAO, Hoang Tuan;VU, Le Hang;PHAM, Thanh Lam;NGUYEN, Kim Trang
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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    • pp.285-294
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    • 2022
  • Using the ARDL approach, this study examined the impact of macro factors on Vietnam's stock market in the short and long run from 2010 to 2021. The State Bank of Vietnam and the International Monetary Fund provided time series data for this study. Research results show that in the long run, money supply and exchange rate respectively affect the stock market. The money supply had a positive effect on the VN-Index, while the exchange rate showed the opposite effect. However, the study did not find a relationship between world oil price and interest rates on VN-Index in the long run. On the other hand, in the short term, there are relationships between variables; specifically, interest rates and exchange rates have a negative impact on the VN-Index, while the world oil price and the fluctuation of money supply M2 of the previous one and two months showed an impact in the same direction on this index. The differences in the regression results on the impact of exchange rate and oil price on the VN-Index compared to previous studies come from the characteristics of Vietnam's stock market, with the large capitalization of companies in the oil and gas sector, and the structure of Vietnam's economy with export heavily depends on FDI sector.

Features of the Impact of Social and Digital Changes on the System of Government Regulation of Banking Activity

  • Zalutska, Khrystyna;Pasichnyk, Vаsyl;Smolinska, Natalia;Grybyk, Igor;Antonova, Liudmyla
    • International Journal of Computer Science & Network Security
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    • v.22 no.4
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    • pp.217-222
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    • 2022
  • The main purpose of the article is to study the features of the impact of social and digital changes on the system of government regulation of banking acitivity. The digital economy sets the vector along which socio-economic systems of micro-, meso-, macro-levels will develop in the long term, which necessitates research and a comprehensive analysis of digital transformation processes. Once a priority for individual innovative companies, today digital transformation has become a mass phenomenon, and the corresponding projects are vital for the success of not only individual companies, but also regions and countries. At the same time, this transformation itself is closely connected with the trend of servicing socio-economic systems and is largely implemented on its basis. Moreover, this relationship and the mechanism for its implementation remain insufficiently studied, which necessitates the development of tools for its identification, assessment and management. As a result of the analysis, the key aspects of the impact of social and digital changes on the system of state regulation of banking activities were identified.

Knowledge Capital in Economic Growth: A Panel Analysis of 120 Countries

  • Lim, Dong-Geon;Jung, Jin Hwa
    • Asian Journal of Innovation and Policy
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    • v.6 no.1
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    • pp.94-110
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    • 2017
  • This paper approaches knowledge capital as social infrastructure and analyzes its impact on economic growth. To this end, we constructed a panel dataset for 120 countries for the years 2000-2014 and estimated the economic growth function using the panel analysis. As proxies for knowledge capital, we used the R&D expenditure per capita and the number of patent applications per thousand people in each country, both measured in stock. Economic growth was measured in terms of real GDP per capita and real value added per capita at the industry level. The empirical findings demonstrate that knowledge capital accumulated in a society significantly promotes economic growth. Especially R&D stock increases real value added per capita in all industries-not only manufacturing, but also services and agriculture-implying substantial inter-industry spillover effects. The findings of this study suggest that knowledge capital boosts economic growth as core social infrastructure.