• STI Policy Review
• /
• v.8 no.1
• /
• pp.1-22
• /
• 2017

There has been a pronounced increase in research and development (R&D) expenditure in Singapore over the last two decades, with government spending accounting for a sizeable share. This increase has been spurred by public policy emphasis on research and innovation as engines of economic growth. This paper analyses the impact of R&D on economic performance in Singapore from 1978 to 2012 through the use of time series analysis. The Cobb-Douglas based analysis shows a long-run equilibrium relationship between Total Factor Productivity (TFP) and R&D investments. We found that the short-run productivity of R&D in Singapore is comparable to smaller advanced economies in the Organisation for Economic Co-operation and Development (OECD). However, in terms of long-run R&D productivity, Singapore lags slightly behind the smaller OECD nations and far behind the G7 countries. This suggests leakage of value capture and low absorptive capacity in local firms. Possibility of productivity improvements induced by policy changes in the 1990s was considered, but no evidence of significant structural breaks was found. Lastly, Granger causality analysis reveals that public sector R&D augments private sector R&D capital, thus playing an important role in generating externalities and spillover effects. Policy implications and lessons for other middle-income countries are discussed.

• Journal of the Korea Society for Simulation
• /
• v.20 no.3
• /
• pp.29-39
• /
• 2011

The appointment system is widely used to facilitate customer access to service in many industries including healthcare and others. Because of its importance, much research has investigated how to build an effective appointment policy under various environments. However, most research has considered a single-server service system. The objective of this work is to evaluate several appointment policies in a two-stage service system in which multiple servers are available and build separate appointments at the second-stage. In such a system, we propose and evaluate the staggering appointment policy. Simulation experiments indicate that the proposed staggering appointment policy outperforms other traditional appointment policies in terms of customer waiting time, server idle time, and the number of customers who are later to scheduled appointments.

• Journal of the Korea Institute of Information and Communication Engineering
• /
• v.19 no.11
• /
• pp.2739-2744
• /
• 2015

Development of policy incentives and policy direction in the innovation economy is always important. Innovations policy have characterized industrial dynamics, leading to a transformation of the market structure of the specific industry. The paper explores the development of industry convergence for understanding the change of the wireless industry in Daejeon. Although its initial focus is R&D center, The business model has become the research and development of external demand than its own product research and development. For regional innovation, the wireless industry policy should be provided with their own product development pattern.

• KDI Journal of Economic Policy
• /
• v.40 no.4
• /
• pp.23-45
• /
• 2018

The Korean government has provided various policy devices to boost technology transfers between academia and industry since the establishment of the Technology Transfer Promotion Act in 2000. Along with the enactment of the law, the Korean government mandated the establishment of a technology transfer office at national and public universities and encouraged technology transfer activities. Despite the quantitative expansion of technology transfer offices (TTOs), operational inefficiency was brought up. As a supplementary policy, the Korean government implemented a line of projects to support the labor and business expenses of leading TTOs. This research questions whether the project greatly affected the technical efficiency of TTOs. We analyze publicly available university panel data from 2007 to 2015 using a one-step stochastic frontier analysis. The results suggest that the program was marginally effective at shifting the technical efficiency distribution to the right on average, but it failed to maximize its impact by diversifying the policy means based on targets. The marginal effects of the program on technical efficiency differ according to the research capability and size of each school. We also compare technical efficiency against the licensing income at the start and end of the program. Technical efficiency increased for the leading TTOs, and both measures show improvements for unsupported TTOs. Our empirical results imply that diversifying the program for universities with different characteristics may have improved the effectiveness of the policy.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
• /
• 2016.10a
• /
• pp.358-361
• /
• 2016

The North and South Korea for the peaceful reunification of the Republic of Korea, to lead the transformation and reform, and to complement the policy making and negotiations, there is a need for cyber security policy to practice. This paper explores the definition and overseas cyber terrorism and cyber warfare correspondence, correspondence between the versions of the technology between versions. Analysis of cyber security activities in the North and South confrontation, and research the cyber security policy against the unification. In this study, we compared the unification to build and operate a secure cyberspace from cyber threats and cyber security policy suggestions for ways of rational and legal.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.2
• /
• pp.893-902
• /
• 2021

The paper examines the impact of corporate governance (CG), on dividend policy (DP) of enterprises in Vietnam. The paper studies the impact of CG on DP of businesses listed on Vietnam's stock exchange in the period 2008-2018 with 2,937 observations. The data of these companies is collected from the financial statements of businesses and Vietstock data sets, as well as aggregated from the data published on some reputable securities websites. The study used GLS regression method for data collected at listed companies in Vietnam in the period of 2008-2018. The research results have found that CG, the chairman of the board of directors (BOD), and the managing director have a negative effect on the DP. Specifically, companies with strong BODs tend to pay low dividends. At the same time, research shows that factors such as profitability, financial leverage, firm size, and investment opportunities affect DP. This result underscores the importance of corporate governance (both internal and external) to the income distribution decision and provides policy implications for investors and company executives. The study finds solid evidence that alternative theory explains better the relationship between corporate governance and dividend policy. Accordingly, companies with weak corporate governance will pay more dividends.

• Ocean and Polar Research
• /
• v.33 no.2
• /
• pp.149-157
• /
• 2011

As tourist are becoming increasingly environmentally conscious, government and related companies need to establish policies or strategies that encourage ecotourism. The aim of this study is to analyze individual preferences and estimate shadow prices, namely, willingness to pay for coastal wetland ecotourism. This study applies a contingent choice method to measuring marginal WTP for each attribute (tour duration, number of visitors, guide, program) of coastal wetland ecotourism. The finding herein contribute to complementing the valuation methods by estimating various attributes of coastal wetland ecotourism and providing policy-makers with useful methodological framework and quantitative information in the decision-making process related to ecotourism.

• Journal of Environmental Science International
• /
• v.5 no.3
• /
• pp.297-316
• /
• 1996

This research emphasizes the necessity of the understanding and cooperation among focal governments to preserve the water quality of the Nak-dong river that runs through four local governments. First, this research considers the status of water-pollution in the Nakdong river, describes and finds problems within the central government's. "Clean Water Supply Plan" and local governments' water quality-related policies. Second, it deals with the conflict among local governments concerning the planning and building of "Wicheon Industrial Complex" in the middle-upstream of the Nakdong river which has triggered the opposition movement of the local governments and residents of the river's downstream area. With stressing the necessity of the understanding and cooperation among local governments, this research emphasizes roles of central government, of academic experts, and of local news-media in preserving the water quality. Key words : the Nakdong river, water quality policy, the conflict among local governments, the activation of local autonomy, Wicheon Industrial Complex, the cooperation among local governments.

• Journal of Environmental Science International
• /
• v.7 no.6
• /
• pp.883-888
• /
• 1998

The aim of this paper is to suggest basic guidelines for the urban park development policy in Taegu. This research is mainly based on university students' essay on ＜private inquiry of urban park in Taegu＞. Talsong Park, the most popular site for the students' essay, was selected for the purpose of the study. The research focused on the general images of the park, negative images of the park and aspirations and demands for the park in relation with Talsong Park redevelopment policy. The research of this result suggested that the renovation of Talsong Park from zoo-oriented park to the historic ＆ cultural park status. The other main suggestion was consideration of public participation from the planning stage for the betterment of park management. In addition, the importance of environmental education for the local people was stressed in order to enhance public awareness of environment for the solution of our common environmental problems in relation with Local Agenda 21.

• Proceedings of the KIEE Conference
• /
• 2006.07a
• /
• pp.396-397
• /
• 2006

현재 우리나라의 전력 산업은 과거 공급자위주의 전력시장에서 점차적으로 수요자 선택권이 확대되고 다양한 형태의 새로운 부가서비스가 개발되는 시장으로 변화하고 있다. 이는 신기술 도입과 융합을 통하여 기존의 전력서비스에 통신기술이 융합된 전력정보기술의 도입으로 가능해진 것이다. 이러한 시장과 기술의 변화를 반영하여 우리나라에서도 광범위한 영역에서 전력 부가서비스에 대한 연구가 시작되고 있다. 다양한 방향으로 진화 가능한 전력부가서비스를 효율적으로 개발하기 위해서는 서비스 제공 대상을 명확하게 하고 소비자의 needs를 파악하는 과정이 필수적이다. 이러한 과정을 통하여 전력부가서비스 사업 초기에 집중적으로 개발, 보급하여야 할 부가서비스를 취사선택할 수 있을 것이다. 본 연구는 대수용가를 대상으로 하는 전력부가서비스의 형태를 파악하고 현재 진행 중인 선행연구를 분석하여 대수용가 전력부가서비스의 개발 방향을 제시하였다.