• 한국경영과학회지
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• 제32권3호
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• pp.81-96
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• 2007

This paper analyses the Korean information and communication technology supply side across the economy using 1995, 2000 and 2003 input-output tables. Input-output analysis considers inter-industry relations in an economy, depicting how the output of one industry goes to another industry where it serves as an input, and thereby makes one industry dependent on another both as customer of output and as supplier of Inputs. It can be evaluated that the recent growth of Korean ICT sector has come from the development of communication service and equipment industry and software industry. Although the high performance and positive revealed comparative advantages in ICT manufacturing sector, the value added and employment in that sector are not satisfactory. It may reflect in part high portion of imported intermediate goods in ICT manufacturing. However, it is fortunate that ICT services, which accounted for relatively high value added, induce the development of ICT manufacturing and follow strong export performance. Moreover, it is expected that the software sector with high value added and employment will be a major driver of ICT growth.

• STI Policy Review
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• 제1권2호
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• pp.51-68
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• 2010

This paper compares OECD nations by developing a comprehensive evaluation index that examines the efforts and achievements of countries toward Low-Carbon Green Growth. The input-process-output of a Low-Carbon Society system is in dynamic competition with that of a High-Carbon Society system. The model used in this study of the comprehensive evaluation index for Low-Carbon Green Growth was comprised of Large indices such as Input, Process, and Output. The Input and Output consisted of 'Social-economic' and 'Physical-ecological' Middle indices while the Process was made up of 'Stimulation mechanisms' and 'Participation of stakeholders and Knowledge flow' Middle indices. In order to calculate the comprehensive evaluation index, our model gave a weight to each indicator/index and applied a weighted arithmetic mean. Korea ranked $15^{th}$ out of 30 OECD nations in the comprehensive evaluation that analyzed Input ($14^{th}$), Process ($18^{th}$), and Output ($17^{th}$). The top five nations were Switzerland, Sweden, Denmark, Germany, and France; while Japan was $8^{th}$ and the USA $26^{th}$.

• East Asian Economic Review
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• 제19권1호
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• pp.39-70
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• 2015

This paper examines the effects of foreign direct investment (FDI) on South Asian economies' output growth, utilizing recent panel cointegration testing and estimation techniques. Annual panel data on eight SAARC (South Asian Association for Regional Cooperation) member countries' macroeconomic variables over the period 1960- 2013 are employed in empirical analysis. Using various heterogeneous panel cointegration and panel causality tests, a bi-directional relationship between FDI and growth is found. We find evidence for both FDI-led growth and growth-induced FDI hypotheses for the South Asian economies over the sample period. Individual member countries exhibit heterogeneity in terms of the direction or existence of causality subject to their idiosyncratic economic conditions. Among various regressors, FDI, financial development, human capital, and government consumption show the most significant positive effects on output growth. As determinants of FDI, GDP, financial development, human capital, and government consumption are found significant in the region. The bi-directional causality between FDI and growth is found robust to the inclusion of other control variables and using different estimation techniques.

• 산경연구논집
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• 제8권5호
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• pp.7-13
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• 2017

Purpose - The purpose of this paper is to analyze the relationship between the real exchange rate and the output, which is based on the macroeconomic equilibrium theory in China. Its aim will be to verify whether the change in the real exchange rate has a significant effect on the output or not. Research design, data, and methodology - This study endeavors tries to investigate the correlation among economic variables under the macroeconomic market (the commodity market and the money market) equilibrium. So, time-series data from 1990 to 2016 is applied to establish a vector auto-regression (VAR) model so as to perform an empirical analysis. Results - The empirical results reveal that an increase in the real exchange rate will result in an increase in the output in the short run. However, the empirical results also indicate that this kind of mechanism cannot work in the long run. Conclusions - The effect of a decrease of real exchange rate on output is significant in the short run. Also, this paper suggests that the total supply and the total demand can promote economic growth. The fiscal and money policy play a significant role in economic growth in China as well.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.85-94
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• 2021

Infrastructure capacities are essential elements and one of the sustainable lines to drive economic growth. Infrastructure development, both physical and social, is vital to sector-wise economic development. However, there is limited evidence of how infrastructure development in certain sectors benefits the economy as a whole. This study explains the relationships between infrastructure and economic growth in selected middle-income Asian countries, highlighting the essential criteria to benefit from both physical and social infrastructure, as well as sectoral (agriculture, industry, and services) economic output. The research uses the data from 1990 to 2020 for empirical estimations. The study used Levin, Lin, & Chu test, ADF- Fischer chi- Square, and PP- Fischer Chi-Square to test unit root and to observe the stationary nature of the panel. Padroni and Kao cointegration is applied to check the cointegration among different panes. A Fully Modified OLS was employed for checking the association between physical and social infrastructure and economic growth. Results show that physical and social infrastructure negatively impact sectoral output in Asia's middle-income countries. Apart from infrastructure the per capita GDP growth, tax to GDP ratio, and population growth shows a simultaneous relation between infrastructure and sectoral economic growth.

• 한국경제지리학회지
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• 제3권2호
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• pp.23-42
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• 2000

본 연구는 경제개혁이후 중국의 지역경제성장의 불균등성에 대해 진행된 많은 연구들을 비판적으로 검토하고 시장화 전략에 의한 노동시장성장의 지리적 패턴과 그것이 갖는 지역격차 이해에 대한 함의를 검토한다. 변이할당 분석을 통해 나타난 고용성장의 지리학은 생산량에 기초한 공간경제패턴과 유사한 모습을 나타내고 있는데 이는 시장화의 심화에 따라 노동시장의 성장이 노동수요의 변화에 대응하고 있다는 점을 반증하는 것이다. 또한 생산량과 생산성의 변화가 노동시장의 성장에 대해 갖는 효과를 관찰한 결과, 비국유기업의 생산량 및 생산성의 상대적 증가가 크게 나타나고 있으며 결과적으로 지역변이효과를 통해 지역경제내 고용증대효과를 동남해안지역의 성들 중심으로 가져 온 것으로 나타났다. 반면에 국유기업은 생산량과 생산성의 상대적인 감소로 인하여 고용감소효과를 가져 왔다 결과적으로 노동시장의 성장은 생산의 증대와 함께 지역경제발전의 패턴을 결정하는 중요한 요인으로 작용하고 있다. 아울러 고용성장의 지리적 패턴에 대한 설명과 이해는 나아가 경제개혁이라는 제도적 변화와 관련시킨 연구를 통하여 보다 확대될 수 있다.

• The Journal of Asian Finance, Economics and Business
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• 제6권3호
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• pp.103-113
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• 2019

The effectiveness of monetary policy critically depends upon how well the transmission mechanism functions, so that the desired impact on output and inflation is achieved. The purpose of this paper is to study the transmission mechanism of monetary policy by analyzing the impact on inflation and output during multiple indicator regime (1998-99 to 2014) in an emerging economy-India. The Inflation Targeting Regime is also briefly outlined alongwith the impact on output and inflation. Using quarterly data for the period 1997 to 2017, the paper uses weighted average call money market rate as a proxy for the policy rate and evaluates the strength of the interest rate channel. We use a conventional Structural vector auto regression (SVAR) methodology to evaluate the efficacy and show the impluse response functions. Our results find that changes in the policy rate impact output growth steeply with a lag of about two quarters and the impact on inflation is maximized after three quarters. The study concludes that the monetary policy in India has a significant impact on output and inflation in the short-to-medium-run. After the policy shock, the fall in the output growth rate is of greater magnitude than the fall in inflation.

• STI Policy Review
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• 제7권2호
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• pp.85-105
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• 2016

This study compares the economic impacts among ICT sectors and derives strategic considerations for development of the ICT industry in Korea. Prior to analysis, this study classified ICT industry into four sectors: ICT equipment, components, service, and SW/system. This study conducted Input-Output Analysis on the four ICT sectors. An Input-Output Analysis is a quantitative economic technique that represents the direct and indirect interdependencies between different industries of a national economy. Features of each ICT sector were observed in the results. Within the ICT equipment sector, production is decreasing, import dependence is increasing, and employment size is very low, relative to the overall ICT industry. The component sector accounts for the over half of the output and value added of the ICT industry, but domestic production has recently declined. The subsector experienced decreasing production and increasing imports relative to the other ICT subsectors. In the service sector, output is small but its production and employment impact is very high. The fourth sector, ICT SW/system, has very low impact on production but high impact on employment. These features suggest two strategies to develop the ICT industry in Korea. First, the ICT component and service sectors should be promoted to stimulate growth of the national economy. Second, to encourage employment growth, policies should promote the ICT SW/system and service sectors.

• International Journal of Knowledge Content Development & Technology
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• 제12권4호
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• pp.67-94
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• 2022

The paper aims to present a comparative analysis of scholarly research output in the fields of Library and Information Science (LIS) in India and South Korea. The Web of Science database was used to retrieve the bibliographic data of the Indian and South Korean LIS published documents during 2001-2020 and the indicators were included in the analysis: research productivity, publication-quality, most prolific authors, institutions and journals, "Annual Growth Rate (AGR)", "Compound Annual Growth Rate (CAGR)", "Relative Growth Rate (RGR)", and "Doubling Time (DT)". All types of documents such as articles, conference papers, book reviews, corrections, editorial materials, so on were included in the study. MS Excel, VOS viewer, and bibliometrix (R-tool) software were used for tabulation and mapping. The results show that South Korea placed the top in the overall output of LIS research publications during the last two decades. The Indian LIS research output, Annual Growth Rate (AGR), and Compound Annual Growth Rate (CAGR) were good compared to South Korean LIS publications. In addition, the South Korean LIS researchers' output has increased rapidly in terms of publications, citations, average citations. Gangan Prathap (India), Seyoung Lee, and Heejin Lee (SK) are the most prolific authors; Indian Institute Technology, Delhi and Yonsei University, Seoul are the most prolific institutions; and the Scientometrics journal was the most preferred journal by the Indian and South Korean LIS researchers during the study period. The results of this study are useful to administrators, policymakers, and academics. In addition, the scope of this study might include looking at research published by LIS scholars in India and South Korea, as well as examining all types of academic publications.

• 한국산업정보학회논문지
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• 제18권4호
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• pp.61-72
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• 2013

수출증가가 경제성장을 초래한다는 수출주도성장가설에 관한 실증분석은 주로 개발도상국을 대상으로 하여 시계열 또는 횡단면 자료를 이용하여 지난 1970년대 초부터 최근까지 주요한 관심사가 되어 왔다. 이와 같은 수출주도성장가설에 관한 실증분석은 한국을 포함하여 주로 개발도상국가에 해당되는 아시아 국가들을 분석 대상으로 이루어져 왔다. 본 논문은 여러 국가들의 횡단면 분석보다는 한국의 제조산업에 초점을 맞추어 공적분검정과 오차수정모형을 추정하여 산업의 수출증가와 산업의 성장과의 관계를 조명함으로서 수출주도성장 가설을 검정하였다. 생산과 수출에서 비중이 큰 석유화학, 1차 금속 그리고 조립금속 운송기계를 포함하여 8개의 제조산업 중 6개의 제조산업이 양방향의 인과관계성을 보이고 있기 때문에 한국 제조산업에서는 전반적으로 실질수출액과 실질생산액에 사이에서 양방향의 인과성 관계가 존재한다고 결론을 내릴 수 있다.