• 제목/요약/키워드: Regional Business Cycle

검색결과 21건 처리시간 0.029초

Regional Business Cycles in East Asia: Synchronization and its Determinants

  • Park, Young-Joon
    • East Asian Economic Review
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    • 제17권2호
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    • pp.103-128
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    • 2013
  • This paper analyzes the dynamics and nature of regional business cycle synchronization for East Asian countries in the period of 2000:Q1-2011:Q4. Estimating a dynamic two-factor model extracts the common factor and the nation-specific factor from both the macroeconomic aggregates and plausible driving forces of regional business cycles. Evidence for regional business cycle synchronization is particularly strong for Korea, Malaysia and the Philippines, while Japan shows weak evidence of regional synchronization. On the other hand, Indonesia, Thailand, Singapore and China are decoupling from regional business cycles. The driver of monetary aggregate is the most significant determinant of regional fluctuations of macroeconomic aggregates, whereas oil price and productivity are on average important driving forces of nation-specific fluctuations of real economic activities.

지역의 산업다양성과 지역경기변동의 관계 분석 (The Analysis of the Relation between Regional Industrial Diversity and Regional Business Cycle)

  • 우영진;김의준
    • 지역연구
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    • 제33권3호
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    • pp.3-19
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    • 2017
  • 본 연구의 목적은 지역의 산업다양성이 지역의 경기변동에 어떤 영향을 주는지를 분석하는 데 있다. 지역의 경기변동은 고용시장과 생산활동의 측면에서 측정하였고 2005년 1월부터 2016년 2월을 분석기간으로 설정하였다. 우리나라의 주요 항만도시를 대상으로 선정하였고 지역의 특성을 통제하기 위하여 패널 벡터오차수정모형의 그룹평균 추정량과 통합그룹평균 추정량을 사용하였다. 산업의 구성이 다양한 지역에서는 단기적으로 실업률의 변동의 폭이 작았지만, 제조업 생산지수의 변동성은 장기적인 경우에만 낮게 나타났다.

Connectedness among Northeast Asian Housing Markets and Business Cycles

  • Lee, Hahn Shik;Lee, Woo Suk
    • East Asian Economic Review
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    • 제24권2호
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    • pp.185-203
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    • 2020
  • This paper investigates the connectedness among housing markets using the methodology developed in Diebold and Yilmaz (2014, 2016). In particular, we examine the international linkages among housing markets in Northeast Asian countries: namely, China, Japan, and Korea. The basic finding is that connectedness measures vary over the business cycle, with a surge during the global financial crisis. However, the international linkages among the three Asian housing markets seem rather weak. By including GDP in the model, we also find that housing market in one country is more affected by its own economic conditions than that of neighboring countries. Given earlier evidence that cross-regional spillover among domestic housing markets is high, this result suggests that housing market connectedness is more of domestic cross-regional phenomena, rather than international ones.

공적개발원조(ODA)를 위한 라오스 항아리평원 생애주기별 관광사업개발 정책방안 연구 (A Study on Policy Regional Tourism Development of Life cycle for Laos Mysterious Pot Using Official Development Assistance)

  • 구경여;안태홍
    • 아태비즈니스연구
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    • 제10권4호
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    • pp.167-180
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    • 2019
  • The purpose of this paper is to explore Laos mysterious 'Plain of Jars' area in a village. 'The Plain of Jars' site has been proposed for listing as a UNESCO World Heritage Monument. The study used convenience sampling and surveyed tourists who visited Tonghahin in Xieng Khouang. The results of this study are summarized as follows: First, Tonghahin is introduction stage from the tourism life cycle due to lack of basic infrastructure such as road condition, transportation, information service, etc,. Second, this study examined the ways to improve methods such as adminstration system and hospitality service manual for tourist site. Thereafter, third, to develop each attraction, they have come with better tourism products. These things are foresight-able to-do list for nomination as the UNESCO World Heritage. The recommendations and suggestions for future research are also discussed.

웹을 기반으로 한 지방청 공사현황 정보시스템 구축 (The Regional Construction & Management Office Construction Management System Based On The Web)

  • 서명배;강의석;김남곤
    • 한국전자거래학회:학술대회논문집
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    • 한국전자거래학회 2003년도 종합학술대회 논문집
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    • pp.84-89
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    • 2003
  • For running various construction processing information and technological information, it is supplied by Construction CALS/EC systems properly during whole facilities life cycle. So it is urgently necessary to change Regional Construction 8t Management Office (RCMO) equipment construction administration business to electron processing system (CALS/EC). From construction work plan to completion, a present storage documents system is unsystematic. Therefore, it needs management system to store documents and to read in turn documents properly. This research suggest that it is to connect with various information systems and Construction CALS/EC for RCMO which is running public construction field. So it can be driven systematic and effective administration system about public construction business by Web-based present construction situation information system.

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Analysis of the Effect of Local Universities on the Local Economy - Based on the Daranee Analysis -

  • Sung Hyun Park;Ki beom Kim
    • International Journal of Internet, Broadcasting and Communication
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    • 제15권2호
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    • pp.73-80
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    • 2023
  • As a result of this study, the income generation effect of local universities on the local economy through the Daranee (1976) model was found to be 110.9 billion won (direct and indirect income 78 billion won, induced income 32.9 billion won). In the case of Korea, it has been verified through a number of previous studies that local universities play a role in preventing the outflow of local talent to the metropolitan area. Considering this, it seems that the government should make bold investments to foster local universities in terms of balanced national development. This is because the movement of local talents to the metropolitan area not only undermines the growth potential of the provinces and undermines the basis for regional existence, but also creates a vicious cycle that hinders balanced national development. To break this vicious cycle, the development of local universities is very important. It is judged that the horizon of balanced national development will be opened when local universities revitalize the local economy through the government's bold investment in local universities and are reborn as entities that provide various services based on the facilities and equipment of local universities.

IT기업의 비즈니스클러스터 (A Business Cluster of IT Enterprise)

  • 박재수;박정용
    • 한국정보통신학회논문지
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    • 제23권12호
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    • pp.1558-1564
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    • 2019
  • 기업의 비즈니스 클러스터는 가치연쇄 및 가치창출 활동을 통하여 국경없는 비즈니스 네트워크를 만들고 있다. 기술개발속도가 빠르고 제품수명주기가 짧은 IT분야의 클러스터는 지역 경계를 넘어선지 오래이다. 현상을 파악하기 위해서 IT기업을 대상으로 가치 활동을 분석하였던 바, 사례기업의 글로벌 확장은 제한적이었으나 지역경계를 넘는 비즈니스클러스터를 확인하였다. 다만 비즈니스 클러스터의 질서는 생산성에 집중되어 있기 때문에 고도의 혁신질서가 요구된다. 즉 신기술개발 또는 신시장 진입을 위한 가치창출 프로세스를 설계하고 실현하여야 클러스터의 성장을 가져올 수 있을 것이다. 빠른 속도로 진화하는 IT분야의 특성을 감안할 때 새로운 가치창출형 비즈니스 클러스터의 지향은 필수적이다.

Research Trend of Additive Manufacturing Technology - A=B+C+D+E, add Innovative Concept to Current Additive Manufacturing Technology: Four Conceptual Factors for Building Additive Manufacturing Technology -

  • Choi, Hanshin;Byun, Jong Min;Lee, Wonsik;Bang, Su-Ryong;Kim, Young Do
    • 한국분말재료학회지
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    • 제23권2호
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    • pp.149-169
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    • 2016
  • Additive manufacturing (AM) is defined as the manufacture of three-dimensional tangible products by additively consolidating two-dimensional patterns layer by layer. In this review, we introduce four fundamental conceptual pillars that support AM technology: the bottom-up manufacturing factor, computer-aided manufacturing factor, distributed manufacturing factor, and eliminated manufacturing factor. All the conceptual factors work together; however, business strategy and technology optimization will vary according to the main factor that we emphasize. In parallel to the manufacturing paradigm shift toward mass personalization, manufacturing industrial ecology evolves to achieve competitiveness in economics of scope. AM technology is indeed a potent candidate manufacturing technology for satisfying volatile and customized markets. From the viewpoint of the innovation technology adoption cycle, various pros and cons of AM technology themselves prove that it is an innovative technology, in particular a disruptive innovation in manufacturing technology, as powder technology was when ingot metallurgy was dominant. Chasms related to the AM technology adoption cycle and efforts to cross the chasms are considered.

주택의 자본수익율의 변화와 결정요인 (A Study on Prices of Owner Occupied and 'Chonsei' Housings by Type and Size)

  • 서승환
    • 지역연구
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    • 제10권1호
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    • pp.53-70
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    • 1994
  • The relationships between the Capital gains of housings by tenure, type and size have been analyzed. Major findings are (i) capital gain rate of 'chonsei' housing is larger than that of the owner occupied housing (ii) the small 'chosei' apartment has the highest capital gain rate and the lowest instability index (iii) the smaller the size of housings, the higher the capital gain rate and the smaller the instability index. Even though there is the 'structural change' in the capital gain rates of owner occupied and 'chonsei' housings, they are cointegrated. The capital gain of owner occupied housing is mainly affected by the real estate policies. But, The capital gain of 'chonsei' housing is mainly affected by the business cycle and the aggregate demand management policies.

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Counter-Cyclical Capital Buffer and Regional Development Bank Profitability: An Empirical Study in Indonesia

  • ANDAIYANI, Sri;HIDAYAT, Ariodillah;DJAMBAK, Syaipan;HAMIDI, Ichsan
    • The Journal of Asian Finance, Economics and Business
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    • 제8권5호
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    • pp.829-837
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    • 2021
  • The study investigates the impact of the Counter-Cyclical Buffer Policy (CCB) on regional development bank profitability in Sumatra, Indonesia. CCB requires banks to hold capital at times when credit is growing rapidly so that the buffer can be reduced if the financial cycle turns down or the economic and financial environment becomes substantially worse. This study employs time series data of regional development banks (RDBs) in Sumatra Island, Indonesia. The methodology applied in this study is a panel dynamic model with Generalized Methods of Moments (GMM). The results show that increasing capital through the implementation of CCB did not have a significant effect on RDBs' profitability. The findings of this study suggest that the activation and implementation of CCB lead to an increase in the amount and cost of loans to companies but do not affect the profitability of RDBs. The value of a Non-Performing Loan (NPL) proved to have a negative and significant effect on bank profitability. The CCB policy aims to overcome the pro-cyclicality of credit growth and improve bank resilience through increased capital which is expected to reduce excessive credit growth as a source of systemic risk. This causes a lack of lending to the community so that the profits obtained by the bank decrease.