• Journal of Korean Society for Atmospheric Environment
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• v.28 no.5
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• pp.556-570
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• 2012

The Low Carbon Path Calculator is an excel-based model to project greenhouse gas emissions from 2009 to 2050, which is based on the 2050 Pathways Calculator developed by the UK Department of Energy and Climate Change (DECC). Scenarios are developed to reduce GHG emissions in Korea at 50% based on 2005 levels by 2050 using a Low Carbon Path Calculator. They were classified in four different cases, which are high renewable, high nuclear, high CCS and mixed option scenarios. The objectives of this study are to compare scenarios in terms of GHG emissions, final energy, primary energy and electricity generation and examine the usefulness of that model in terms of identifying pathways towards a low carbon emission society. This model will enhance the understanding of the pathways toward a low carbon society and the level of the climate change policy for policy makers, stakeholders, and the public. This study can be considered as a reference for developing strategies in reducing GHG emissions in the long term.

• The Journal of Fisheries Business Administration
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• v.41 no.2
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• pp.107-133
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• 2010

As policy makers are often concerned about dynamic effects of demand behavior and its welfare analysis by quantity changes, the paper shows how dynamic price formation systems can be built up to analyze the effect of policy options to the markets dynamically. The paper develops dynamic model of price formation for fish from the intertemporal optimization of the consumer choice problem. While the resulting model has a similar form of the error correction types of dynamic price formation system, it provides the rational demand behavior contrary to the myopic behavior of error correction demand models. The paper also develops appropriate tools of dynamic welfare analysis in quantity space using only short-run demand estimates both theoretically and empirically as a first attempt in the literature of price formation and fisheries. The empirical results of Korean fish markets show that the dynamic model and the welfare measures are reasonably plausible. The methodology and theory of this research can be applied and extended to the commodity aggregation, dynamic demand estimation, and dynamic welfare effects of regulation in the similar framework. Thus, it is hoped that this will enhance its applications to the demand-side economics.

• Journal of the Korean Operations Research and Management Science Society
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• v.42 no.3
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• pp.35-49
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• 2017

The main objective of this paper is to empirically analyze the efficiency effects of mergers on Korean pharmaceutical firms and suggests managerial or policy implications for managers or policy makers. This study selects non-merging control firms close to the size of merging firms, as well as a set of merging firms, and measures the effects of mergers on efficiency three years before and after the merger using the non-parametric data envelopment analysis (DEA) method. To compare the differences of efficiency means among several groups, Wilcoxon rank sum test or Wilcoxon signed rank test is used. It showed that the long-term effects after the merger appeared partially. Furthermore, it was observed that there was no difference statistically in the efficiency between merging and non-merging firms. Also, there was no difference statistically in the efficiency between the pre- and post-merger periods. In conclusion, there was not any observed synergy effect through group (or affiliated) mergers between affiliates or related mergers for Korean pharmaceutical firms.

• The Journal of Korean Medical History
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• v.30 no.2
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• pp.1-12
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• 2017

This paper is focused on the 'contents' of database level medical texts sponsored by the Chinese government. The premise of the study is that the contents of state-sponsored medical texts would show how medical policy makers and practitioners approached the body and diseases of the time, and by association the medical text would reveal the policy associated with state medical education and distribution of medical resources associated with the practitioners' approaches. This paper analyzes the contents of four representative state-sponsored medical texts: Cao's Treatise on the Origins and Symptoms of Various Diseases (巢氏諸病源候論, 610, Sui China); Great Peace and Sagely Benevolence Formulas (太平聖惠方, 996, Song China); Complete Record of Sagely Benevolence (聖濟總錄, 1117, Song China); Formulas for Universal Relief (普濟方, 1406, Ming China).

• Journal of the Korean Society of Environmental Restoration Technology
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• v.17 no.4
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• pp.69-79
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• 2014

Coastal wetlands are among the most productive biomes in the Earth. The economic values include the direct use of a coastal wetland's ecosystem services, such as food, raw materials, recreation, and tourism. Other values comprise the indirect use of a coastal wetland's ecosystem services, such as carbon sequestration, waste-water treatment, and erosion prevention. In particular, Suncheon Bay is recently attracting attention as the most successful case of the preservation and restoration. This study applies Travel Cost Method (TCM) to estimate the economic value by drawing the demand curve for trips to Suncheon Bay. The TCM is an approach used for economic valuation of non-market goods and services. Based on the results of TCM, this study shows that the economic benefit from recreational uses of the site adds up to \174.7 billion per year. It is also significant in the sense that monetary information is suggested to help local policy makers evaluate the realistic values of coastal wetlands.

• Journal of the military operations research society of Korea
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• v.36 no.1
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• pp.39-49
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• 2010

This paper tries to identify emerging defense technology using S&T Text Mining. As a national agenda, there has been much effort to build S&T information systems including NTIS and DTiMS that enable researchers, policy makers, or field users to analyze technological changes and promote the best policy practices for efficient workflow, knowledge sharing, strategy development, or institutional competitiveness. In this paper, the S&T Text Mining application to unmanned combat technology using INSPEC DB is empirically illustrated and shows that it is a feasible approach to identify emerging defense technology as well as the structure of knowledge network of the future technology candidates.

• Journal of The Korean Society of Agricultural Engineers
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• v.52 no.5
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• pp.97-108
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• 2010

The objective of this study is to develop evaluation indices which can be applied to analyze rational rehabilitation-policy directions of redundant farmlands. To achieve this objective, the main tasks of this research are 1) categorizing the redundant farmlands rehabilitation types 2) developing the evaluation indices of redundant farmlands rehabilitation 3) determining the weights of each index. The redundant farmlands rehabilitation types were classified into agricultural rehabilitation type, non-agricultural rehabilitation type and hybrid type which are called by agricultural income model, rural environment improvement model and hybrid model as development project name, respectively. The 5 parts and 21 indices for evaluation of redundant farmlands rehabilitation directions were extracted by case studies and experts brainstorming. The weights of each index were determined by Analytic Hierarchy Process (AHP). The developed evaluation indices were applied to study areas located on Yanghwa district of Gongju-city and Aewol district of Jeju-city. From the results of this study, it was ascertained that the evaluation indices developed in this study would help the decision-makers in the planning process of redundant farmlands rehabilitation directions.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.3
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• pp.323-331
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• 2020

The study aims to assess the impact of foreign direct investment (FDI) and international trade (export and import) on Vietnam's economic growth for the 2000-2018 period. Secondary data is taken from the General Statistics Office of Vietnam. Ordinary least-square method is used in analyzing the impact of FDI, export and import on economic growth of Vietnam. Empirical test results show that FDI and international trade are related to Vietnam's economic growth. However, each economic variable has a different impact. FDI has a positive and statistically significant influence on economic growth of Vietnam. Export also has positive and statistically significant impact to the economic growth, while import has a negative but not statistically significant effect. The result is useful for the policy makers of Vietnam on foreign economic relations. In order to improve the effect of FDI and international trade on growth of the economy, the government of Vietnam should: (1) continue applying preferential policies to attract FDI; (2) select foreign investors aiming to quality, efficiency, high technology and environmental protection; (3) continue pursuing export-oriented policy; (4) enhance the added value of exported goods and control the type of imported goods; (5) further liberalize trade through signing and implementation of international trade commitments.

• Environmental and Resource Economics Review
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• v.11 no.3
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• pp.465-491
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• 2002

Korea is one of the countries which have a remarkable record of high and sustained economic growth. However, as the national economy has continued to grow and the industrial structure has become increasingly advanced, the amount of wastes being generated has been rapidly on the rise. recycling wastes to cope with the environmental problems caused by wastes has become an increasingly important policy issue in developing countries such as Korea, as well as in developed countries. This situation demands that researchers provide policy-makers with available and responsible information regarding the effect of the recycling industry in the public sector. This study employs input-output (I-O) analysis to examine the effect of public sector recycling industry in the national economy, using a specific application to Korea. The paper, therefore, has two major goals. The first is the development of a static I-O framework for looking into the effect of public sector recycling industry in the short run. The second goal is obtaining at least a preliminary indication of the effect of the recycling industry- in public sector. Moreover, we discuss the role of a public firm that established with an objective of promoting and facilitating the reutilization of recyclable wastes. The overall results indicate that the recycling utilities may have a significant influence on the standard of living and industrial production.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.1
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• pp.111-121
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• 2020

The study measures the resource use efficiency of diesel based power generation in the Maldives and analyses factors which influence efficiency levels. Stochastic frontier analysis (SFA) technique is applied to data on 30 plants over two year period from 2016 to 2017. The study finds that technical efficiency scores varies from 0.44 to 0.98 across power plants. About 33 percent of the plants have scores below the mean technical efficiency score of 0.87. Empirical results indicate ownership and use of solar photovoltaic (PV) have an influence on improving efficiency levels. Privately owned power plants in resort islands obtained higher technical efficiency scores compared to public and community owned power plants. This is a significant finding as the first study that used power plants in tourist sector in a comparative study. Size of the power plants was not found significant, but relatively small installed capacities can also be efficient. This finding is important because in many inhabited islands installed capacities remain oversized compared to the load. The benchmarking exercise offers model power plants that are relatively efficient, for other power plants and policy makers in small islands to learn from.