• Title/Summary/Keyword: Policy Makers

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Determinants of Vietnam Government Bond Yield Volatility: A GARCH Approach

  • TRINH, Quoc Trung;NGUYEN, Anh Phong;NGUYEN, Hoang Anh;NGO, Phu Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.15-25
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    • 2020
  • This empirical research aims to identify the relationship between fiscal and financial macroeconomic fundamentals and the volatility of government bonds' borrowing cost in an emerging country - Vietnam. The study covers the period from July 2006 to December 2019 and it is based on a sample of 1-year, 3-year, and 5-year government bonds, which represent short-term, medium-term and long-term sovereign bonds in Vietnam, respectively. The Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) model and its derivatives such as EGARCH and TGARCH are applied on monthly dataset to examine and suggest a significant effect of fiscal and financial determinants of bond yield volatility. The findings of this study indicate that the variation of Vietnam government bond yields is in compliance with the theories of term structure of interest rate. The results also show that a proportion of the variation in the yields on Vietnam government bonds is attributed to the interest rate itself in the previous period, base rate, foreign interest rate, return of the stock market, fiscal deficit, public debt, and current account balance. Our results could be helpful in the macroeconomic policy formulation for policy-makers and in the investment practice for investors regarding the prediction of bond yield volatility.

Comparative Analysis of Climate Change Adaptation-related Recognition between Public Officials and Citizens - Focused on ChungCheongBukDo-Province - (기후변화 적응에 대한 공무원 및 도민의 인식 비교 분석 - 충청북도를 중심으로 -)

  • Ban, Yong Un;Go, In Chul;Baek, Jong In
    • Journal of the Korean Regional Science Association
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    • v.33 no.4
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    • pp.19-28
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    • 2017
  • This study has intended to perform comparative analysis of climate change adaptation-related recognition between public officials and citizens in ChungCheongBukDo-Province, Korea. To reach this goal, we identified difference between the two groups by prioritizing target group's adaptation policies for climate change, and analyzing climate change adaptation-related recognition in each sector. Climate change adaptation policies can have great policy utility when the boundaries between policy makers and detainees are blurred. Therefore, this study has suggested some measures to reduce the recognition gaps between the target groups by analyzing the characteristics of the groups.

Ecological Resource Assessment for Spatial Decision Support on Private land Policy inside National Parks, Korea (국립공원 사유지 정책의 공간의사결정지원을 위한 생태자원성 평가)

  • Lee, Gwan-Gyu
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.9 no.5
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    • pp.41-49
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    • 2006
  • Private land within national parks has raised acute questions for impact assessment practitioners as to whether it is ecologically resourceful enough to be conserved or whether it should be removed from national parks and compensated accordingly. The purpose of this study is to provide a framework for spatial decision support through assessing ecological resource of private land within national parks. In order to assess the ecological resource, private land within national parks was analyzed and quantified based upon topography, flora and fauna. National parks, according to the ecological resource assessment, have been divided into three groups : the parks in need of careful attention for conservation; the parks needed to be retained as buffers, and; the parks that can be released to private land. According to the analysis, part of Mountain Joowang is the third-tier land that does not require conservation efforts. This case study intends to help policy-makers decide whether some private land within national parks can be released and, after the release, what should be done to prevent reckless development of the released land.

Mapping Vegetation Volume in Urban Environments by Fusing LiDAR and Multispectral Data

  • Jung, Jinha;Pijanowski, Bryan
    • Korean Journal of Remote Sensing
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    • v.28 no.6
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    • pp.661-670
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    • 2012
  • Urban forests provide great ecosystem services to population in metropolitan areas even though they occupy little green space in a huge gray landscape. Unfortunately, urbanization inherently results in threatening the green infrastructure, and the recent urbanization trends drew great attention of scientists and policy makers on how to preserve or restore green infrastructure in metropolitan area. For this reason, mapping the spatial distribution of the green infrastructure is important in urban environments since the resulting map helps us identify hot green spots and set up long term plan on how to preserve or restore green infrastructure in urban environments. As a preliminary step for mapping green infrastructure utilizing multi-source remote sensing data in urban environments, the objective of this study is to map vegetation volume by fusing LiDAR and multispectral data in urban environments. Multispectral imageries are used to identify the two dimensional distribution of green infrastructure, while LiDAR data are utilized to characterize the vertical structure of the identified green structure. Vegetation volume was calculated over the metropolitan Chicago city area, and the vegetation volume was summarized over 16 NLCD classes. The experimental results indicated that vegetation volume varies greatly even in the same land cover class, and traditional land cover map based above ground biomass estimation approach may introduce bias in the estimation results.

Managing the Vulnerability of Megacities in North America and Europe to Seismic Hazards

  • Waugh, William L.
    • Fire Science and Engineering
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    • v.15 no.2
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    • pp.20-30
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    • 2001
  • The science and technology of seismic hazard mitigation are increasingly being shared among scientists and policy makers around the world. Administrative expertise is also being shared. While there is still tremendous unevenness in technical and administrative capacities and resources, a global community of emergency managers is developing and there is a globalization of expertise. Hazards are better understood, tools for risk assessment are improving, techniques for hazard mitigation are being perfected, and communities and states are implementing more comprehensive disaster preparedness, response, and recovery programs. Priorities are also emerging and hazard mitigation has emerged as the priority of choice in North America and Europe. An increasingly important component of hazard mitigation is resilience, in terms of increased capacities for disaster mitigation and recovery at the community and even individual levels. Each year, more is known about the locations and natures of seismic hazards, although there are still unknown and poorly understood fault lines and limited understanding of related disasters such as tsunamis and landslides. More is known about the impact of earthquakes on the built environment, although nature still provides surprises to confound man's best extorts to reduce risk. More is known about human nature and how people respond to uncertain risk and when confronted by certain catastrophe. However, despite the increased understanding of seismic phenomena and how to protect people and property, there is much that needs to be done to reduce the risk, particularly in major metropolitan areas.

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Status and its Improvement of Comprehensive Water Quality Evaluation (물환경 종합평가의 현황과 선진화 방안)

  • Choi, Ji Yong;Lee, Jee Hyun;Lee, Jae Kwan;Kim, Chang Su
    • Journal of Korean Society on Water Environment
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    • v.22 no.5
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    • pp.748-756
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    • 2006
  • Accurate and timely information on status and trends in the environment is necessary to shape sound water quality management policy and to implement water quality improvement programs efficiently. One of the most effective ways to communicate information on water quality trends to policy-makers, scientists, and the general public is with comprehensive water quality indices. The derivation and structure of a water quality index (WQI) for the classification of surface water quality is discussed. The WQI generally developed through the selection, transformation and weighting of determinants with rating curves based on legal standards and quality directives or guidelines. The representative pollutants should be included in the index, and the relationship between the quantity of these pollutants in the water and the resulting quality of the water should be based on scientific results. The WQI be simply and meaningfully formulated that nonscientifically trained users can easily become familiar with the framework of the system and use the output data to evaluate their own pollution problems.

Perceived Needs of Users toward Public Library Services in Busan (부산지역 공공도서관에 대한 이용자 인식과 요구 분석)

  • Chang, Durk Hyun
    • Journal of the Korean Society for Library and Information Science
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    • v.54 no.1
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    • pp.51-70
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    • 2020
  • The study strives to shed a light on the users' perception and demand on public libraries in Busan area through a survey asking the facility, materials and service conditions in public libraries. Data are drawn from a survey with three hundred respondents. The survey was implemented to figure out current status and needs regarding library facility, materials, and cultural programs. Supporting data are collected via interview as well. Since this paper discusses such an issue as current situation in public libraries, this study could provide the policy makers with basic information in developing and improving public library programs in Busan area.

Design and Application of an Analysis-frame Linking EIA and CBA (환경영향평가와 비용편익분석의 연계를 위한 분석 틀 설계 및 적용)

  • Ahn, So-Eun;Kim, Ji-Young
    • Journal of Environmental Impact Assessment
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    • v.20 no.4
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    • pp.565-574
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    • 2011
  • This paper aims to design a policy-assessment tool liking the Environmental Impact Assessment(EIA) and the Cost Benefit Analysis (CBA). As a step towards the incorporation of environmental and economic considerations, the approach used herein takes the form of integrating quantitative information on environmental benefits and costs associated with implementing the project into the existing framework of the EIA. Our case study is an project appraisal of a solar energy plant. It is confirmed that the technique is operational, however, there are certain limitations for a complete assessment. The difficulty mainly originated from the omission of important information from each step of the valuation process. Alternatively stated, some environmental services are not identified, nor quantified, and nor monetized in the process. More case studies are warranted in the future along with elaboration in methodology of techniques. In addition, the construction of a database on environmental values will be required to accumulate reliable and systematized data. These are the necessary conditions to improving quality in application of techniques as well as providing comprehensive and balanced information to decision makers.

A Journal-Article-Based Study on the Dynamic Characteristics of Innovation Sources of Advanced Metals Technology (논문정보를 활용한 첨단 금속재료기술 혁신원천의 동태적 특성 분석)

  • Chae Jae-Woo;Cho Kyu-Kab;Kim Jeong-Hum;Lee Yong-Tai
    • Journal of Korea Technology Innovation Society
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    • v.8 no.3
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    • pp.1027-1059
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    • 2005
  • The purpose of this paper is to analyze the dynamic characteristics of innovation sources such as scientific knowledges, processing technologies and user's needs in advanced metals technology. The journal articles data of four advanced materials are analyzed; amorphous metals, superplastic materials, shape memory alloys and aluminum-lithium alloy. Some regularities are found from the analysis of the four materials. The innovation proceeds through close interactions among the innovation sources. As the innovation proceeds, the relative importance of each source changes: scientific knowledge initiates the innovation and becomes the most important source in the first phase, then the processing technologies increase importance in the second phase, and then scientific knowledge, again, becomes the leading factor of innovation. Scientific knowledge and processing technology take turns leading the innovation. The impacts of users' needs to the innovation increase more and more as innovation proceeds. The results of analysis imply to the policy makers that emphasis of policy, and therefore the allocation of sources for innovation, should vary along the phases in the life cycle of advanced metals technology.

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Health Status and Health Service Utilization: Barriers and Facilitators for Korea Medicaid Beneficiaries

  • Bae, Sung-Heui;Choi, Eun-Ok;Lee, In sook;Lee, In Young;Chun, Chae min
    • Journal of Korean Biological Nursing Science
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    • v.18 no.3
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    • pp.144-152
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    • 2016
  • Purpose: This study compares beneficiaries of Korean Medicaid with those under the National Health Insurance program, seeking to understand how each group utilizes their healthcare. Methods: Data were obtained from a Health Promotion Survey in 2005. Health status was measured by the respondents' perception of health. Health service utilization included the availability of healthcare services, the type of healthcare institution, and intent to revisit. Predisposing and enabling factors, as well as health care needs were used for this study. Results: Compared to National Health Insurance beneficiaries, Medicaid beneficiaries reported lower levels of health status and fewer enabling factors. They had more chronic diseases and disabilities. Education level, existence of chronic diseases, exercise patterns, and disabilities were associated with health status. Conclusion: We found that Medicaid beneficiaries had fewer resources and higher levels of health needs. As Medicaid is reformed, policy makers and administrators should understand healthcare utilization behaviors of Medicaid beneficiaries and the factors hindering access to care.