• Journal of Korea Trade
• /
• v.26 no.6
• /
• pp.41-60
• /
• 2022

Purpose - The policy implications of free trade agreements have traditionally been a matter of debate among economists. The official signing of the Korea-China Free Trade Agreement provides economists with a quasi-natural experiment to analyze the FTA's policy effects. This article aims to more accurately understand the impact of Korea's FTA accession on the macro economy. Design/methodology - This study adopts the counterfactual method based on panel data to find common factors in the generation process of macro data to fit the counterfactual path, to accurately evaluate the effect of the macro policy. Findings - Our research results show that the signing of the Korea-China FTA has a relatively significant short-term positive effect on Korea's economic growth. On average, Korea's real GDP growth rate has increased by 2.1%. This study finds evidence in support of FTA signing not having a significant impact on Korea's GDP growth in the long run. Additionally, we evaluated the impact of the FTA on Korea's imports and exports and found that it had a significant positive impact in the short term, but the trade effect of the FTA is significantly affected by the external macro-environment. Originality/value - First, this study uses macro panel data at the national level to examine the impact of the Korea-China FTA on Korea, and more accurately describes the policy effect of the FTA. Second, our empirical results show that the Korea-China FTA policy impact is subject to occasional changes in the external environment, such as the geopolitical conflict (crisis) between Korea and China, and the US-China trade war. Finally, the analysis shows that the short-term effect of FTA is significant but the long-term is uncertain, which provides empirical evidence for the debate on whether joining FTA can promote national economic growth.

• Journal of the Korean Solar Energy Society
• /
• v.30 no.2
• /
• pp.1-9
• /
• 2010

This study has intended to analyze citizen's recognition on Photovoltaic (PV) System Supply Policy in Korea. To reach this goal, this study has employed a survey method and statistical analysis. We have asked 140 citizens knowing the policy to some degree to answer questionnaires including various contents related to PV supply policy driven by central government of Korea. The contents of questionnaires consist of three parts: 1) supply policies, 2) PV system and 3) expected effect from the policy. To verify any differences among the characteristics of respondents, ANOVA (Analysis of Variance) was carried out in 95% confidence level. This study has found the following results: 1) most citizens were positive about the 'Photovoltaic System Supply Policies'; 2) most citizens anticipated the policy would be helpful to cope with the environmental problems and energy crisis and 3) there exit subtle differences between residents according to the respondent's characteristics such as sex, age, occupation, and housing type.

• Journal of the Korean Society for information Management
• /
• v.22 no.3 s.57
• /
• pp.13-36
• /
• 2005

As the importance of cultural information becomes greater than before, there are some needs for a new national economic paradigm in the knowledge based society. The purpose of this paper is to suggest guidelines for building up a national cultural information network model that enable to promote government's recognition and cultural policy. This research includes feasibility analysis of cultural policy perspective, current situations, and economic effect of cultural industry.

• Korea Journal of Hospital Management
• /
• v.14 no.1
• /
• pp.62-98
• /
• 2009

A systematic review of the literatures was conducted to evaluate the effect of clinical practice guideline. The 77 studies were identified from a computerized search of published research on MEDLINE, Science-Direct and Blackwell synergy from January, 1997 to October, 2007. The main search terms were "clinical practice guideline" and "effectiveness", "clinical practice guideline" and "impact", "clinical practice guideline" and "evaluation". These studies were assessed the Quality twice by one Qualified expert and converted into weighted scale. The 63 studies were eligible inclusion criteria and subdivided into type of effect. Final indicator using for policy effect of clinical practice guidelines were classified as 4 categories; "improvement of outcomes" in 81 studies, "betterment in practice patterns" in 68 studies, "rationalization in resource utilization" in 84 studies and "cost containment" in 31 studies. The vote-counting method, one of meta-analysis method, was applied to summarized the effect of clinical practice guidelines and test statistically. From results of meta analysis, all indices were statistically significant. In conclusion, this meta-analysis showed that introduction of clinical practice guidelines were resulted positive outcomes in health policy.

• Journal of Information Management
• /
• v.41 no.3
• /
• pp.175-190
• /
• 2010

In order to enhance national science technology and to secure the origin of creative wealth, there is a need to offer accurate and high quality information with semantic technology. Semantic technology enables to significantly unify information and obtain the wanted information in an easier way. Also Semantic technology is a key technology of the next generation having great ripple effect on the whole of IT. In this paper, We analyze an economic ripple effects in terms of production inducement effect, added value inducement effect, import inducement effect, labor inducement effect of Semantic technology using an input-out analysis of the bank of Korea(2009). We also examine an economic propriety of Semantic technology.

• Korea Trade Review
• /
• v.47 no.6
• /
• pp.377-393
• /
• 2022

This study aims to identify the effect of growth of the land transportation industry on economic growth and to provide implications for Korea's metropolitan region policy. The effect of each metropolitan region on the integrated region where each metropolitan region is integrated is as follows. First, The integrated region where each metropolitan region was integrated with the Southeast region and the Daegyeong region had the greatest economic growth effect due to the growth of the land transportation industry in terms of value added, but the effect of the integrated region with the Chungcheong region was the least. In the case of capital such as roads, the integrated metropolitan regions with the Chungcheong region showed the greatest economic effect. However, the impact of the integrated regions with Jeolla region and the Seoul metropolitan region is insignificant. These results suggest that the synergy effect of metropolitan regional integration by spillover effect such as networks should be considered in the land transportation industry policy.

• Journal of the Korea Society of Computer and Information
• /
• v.24 no.6
• /
• pp.125-133
• /
• 2019

This study aimed to investigate the political system related to the Electronic Government Law by analyzing the process of the common initiative of the law. To achieve the goal, this study applied the method of social analysis and sugessted the proper role of the assembly for realizing the electronic government and its control. The data were gathered from the bill information service of the national assembly. Netminer 4.0 was used for refining and analyzing data. The results are as follows. First, by analyzing three centrality(degree, betweenness, and eigenvector) of assembly member, the network effect of the powered party and reelected members were revealed as strong in the network. Second, through the component analysis, 5 sub-network has shown in total. The sub-networks showed two distinctive difference between two big parties. By the difference, members in two parties showed different characteristics in constituting communities and the effect of the powered party revealed as strong and clear. Based on the result, this study demonstrated the necessity of social solidarity rather than solipsism in committing common initiative. And a chronological research is need to anlayze $18^{th}$ and $19^{th}$ assembly to verify the effect of the powered party in prospect study.

• 한국사회정책
• /
• v.24 no.4
• /
• pp.185-222
• /
• 2017

The purpose of this study is to investigate the effect of labor market policy on fiscal soundness of welfare state. The analysis was carried out using cross-sectional panel data regression analysis, stepwise mediating effect analysis and system GMM designed by Baron and Kenny(1986) based on the data from 1985 to 2015 for 20 OECD countries. In setting up the analysis model, this study considers the interaction effect between active and passive labor market policies as well as the time sequence of the outcomes which have been overlooked in the previous studies. The result shows that labor market policies have significant impacts on the fiscal condition of welfare states, which is measured as the levels of national debt in this study. Especially the expenditure on active labor market programs has a positive effect on improving the fiscal soundness of welfare states by promoting the employment rate. In contrast, passive labor market programs expenditure is negatively associated with employment rate growth and it exacerbates the burden of national debt in the short-term. However, when active labor market programs and passive labor market programs are combined, the negative impacts by passive pabor market policies on the fiscal soundness of welfare states are off-set. Therefore this study addresses that although the expansion of the labor market policies can be inimical to the fiscal soundness of welfare states in the short-term, in the long run, they can have effective roles in securing and promoting the fiscal soundness of the welfare states by promoting the employment rate.

• The Journal of Fisheries Business Administration
• /
• v.46 no.1
• /
• pp.63-74
• /
• 2015

Due to red tide and abnormal currents that take place every year, the damage of inland fish farms that takes sea water is increasing frequently. Also, the households of inland fish farm due to the increase in the cost of fuel and electricity are struggling many hardships economically. In relation to underground seawater for it's farm analyzed economic effect based on the actual conditions for 1,700 inland fish farms, from this I have deduced policy implications for direction this project to be pursued from now on. The saving rate of costs of the fuel and electricity through the development of an underground seawater were approximately analyzed to decline about 3.4~9.7%, if utilizing only about 5% of the undeveloped farms, it was estimated effect of about 61 billion won, if 10%, it was estimated effect of about 122 billion won. Consideration in selecting the developer of underground seawater will be selected an character of farm method. It is expected this study will be helpful for business analysis related government in the fisheries.

• Journal of Korea Trade
• /
• v.23 no.7
• /
• pp.83-95
• /
• 2019

Purpose - This study analyzed the effect of the Trump Government's protectionist trade policies on foreign ownership. Specifically, this study empirically analyzes the hypothesis that foreign ownership will decrease after the Trump Government rather than before the Trump Government. Design/methodology - The hypothesis of this study is based on the expectation that US protection trade policy will negatively affect the profitability of Korean companies. The dependent variable in this study is the foreign ownership ratio, and the independent variable is a dummy variable representing before and after the Trump Government. Multiple regression analysis was performed, including the control variables suggested in previous studies related to foreign ownership. Findings - As a result, foreign ownership increased after the Trump Government rather than before the Trump Government. This study further analyzes whether the main variables affecting foreign investor's decision-making are differences before and after Trump Government. The export ratio, profitability and dividends did not differ before and after Trump Government. However, the level of information asymmetry decreased after the Trump Government than before the Trump Government. This suggests that US protection trade policies do not adversely affect the profitability of Korean companies. However, Korean firms are improving their information environment because US protectionist trade policies can lower profitability and negatively impact capital raising. In this regard, the foreign ownership ratio seems to differ before and after the Trump Government. Originality/value - This study contributes in that it presents data that US protectionist policies can affect Korean corporate governance. This study has implications from the short-term analysis of US protection trade policy.