• Title/Summary/Keyword: Socio-Economy

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Macro-Economic Factors Affecting the Vietnam Stock Price Index: An Application of the ARDL Model

  • DAO, Hoang Tuan;VU, Le Hang;PHAM, Thanh Lam;NGUYEN, Kim Trang
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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    • pp.285-294
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    • 2022
  • Using the ARDL approach, this study examined the impact of macro factors on Vietnam's stock market in the short and long run from 2010 to 2021. The State Bank of Vietnam and the International Monetary Fund provided time series data for this study. Research results show that in the long run, money supply and exchange rate respectively affect the stock market. The money supply had a positive effect on the VN-Index, while the exchange rate showed the opposite effect. However, the study did not find a relationship between world oil price and interest rates on VN-Index in the long run. On the other hand, in the short term, there are relationships between variables; specifically, interest rates and exchange rates have a negative impact on the VN-Index, while the world oil price and the fluctuation of money supply M2 of the previous one and two months showed an impact in the same direction on this index. The differences in the regression results on the impact of exchange rate and oil price on the VN-Index compared to previous studies come from the characteristics of Vietnam's stock market, with the large capitalization of companies in the oil and gas sector, and the structure of Vietnam's economy with export heavily depends on FDI sector.

A Spatial Analysis on the Socio-Cultural Level of Informatization Aspects (정보화 차원의 사회 ${\cdot}$ 문화 발전 수준에 대한 공간 분석)

  • Yoo, Yeong-Jun
    • Journal of the Korean Geographical Society
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    • v.31 no.3
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    • pp.529-541
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    • 1996
  • The Korean economy has recently changed from industry-based economy toward information-based one, empha-sizing on information utiliation and technological development. It is important to examine the background for the incoming information society and spatial aspect of infromation, because informati-zation process itself contains spatial features like spatial concentrtion and dispersion. This paper generally focuses on the socio-cultural aspects of the informati-zation aspects. The main questions are as follows: 1) what are the ain questions of the exsisting Korean case studies on the informatization; 2) how can we find the charateristics of spatial concentration of informatization by informatization indices; 3) is there any relationship between the degree of informatiztion and regional development? The results of this study can be found in the following facts: (1) The exsisting studies cannot be generallized as spatial analysis on the informatization In general, they focus only a single aspect of information industry or information job. Futhermore, their spatial unit of analysis is limited to provincial level, rather thn city-level micro study. (2) There are big differences between the Capital region, especially Seoul, and others with regard to the socio-cultural aspects of informatiation. Such informatization is concentrated in Seoul. Inchon and Kyeonggi-do, which are the better positions in information intensive activities. (3) The regional differences for the level of informatization are much bigger than those for the level of welfare, suggesting that the informatization tends to concentrate in specified large cities like Seoul. It is clear the Korea is now entering the initial stage of information society.

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Changes in the Occupational Structure and the Spatial Characteristics of Employment Distribution in Korea (한국 직업구조의 변화와 고용분포의 공간적 특성)

  • Park, So Hyun;Lee, Keumsook
    • Journal of the Korean Geographical Society
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    • v.51 no.3
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    • pp.401-420
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    • 2016
  • This study aims to investigate the changes in the occupational structure of employment in Korea during the last three decades, in which have transformed from industrialized economy to knowledge-based economy very rapidly as well as having experiences of both IMF and financial crisis. For this purpose, we analyze the trends occupational distribution and the socio-demographic characteristics of the occupational structure of employment since 1980. By applying correspondence analysis of Multidimensional Scaling(MDS) methods, we examine the inter-relationships between the employed persons by occupation and their characteristics such as gender, age group, educational attainment, industry, region. We found the occupational structure of Korea has been changed dramatically with the socio-economic transformations during the last four decades. In particular, the occupational (job) structure has been highered in general. However, it has also been dualized extremely into two groups, one is the specialized-skilled-white color jobs and the other is the simple-unskilled-blue color jobs. The results of this study could be utilized as the importation basis for the provision of labour supply and employment policy plan at the national level as well as at the local level.

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The Characteristics of Couples by Their Desires for a Second Child (둘째 자녀 출산 희망에 대한 배우자간 차이와 이에 따른 집단간 특성 분석)

  • Cheon Hye-Jung
    • Journal of Families and Better Life
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    • v.23 no.3 s.75
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    • pp.25-33
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    • 2005
  • This study examines socio-demographic characteristics of married couples and their desire for a second child. Questionnaires were completed by 355 married men and women who have only one child currently. The participants were classified into four groups by their desire, or a lack thereof, for a second child. Group I consisted of married people who wanted to have another child, and whose spouse wanted the same. Members of Group II were in a marriage where only the wife wanted to have another child. Members of Group III were in a marriage where only the husband wanted a second child. Group IV consisted of participants who did not want another child, and whose spouse agreed with thor The research questions were (1) how different those four groups are in terms of socio-demographic characteristics, (2) what are the reasons to stop having children and to have another child, and (3) what are the perceptions of the current low fertility rate in Korea, and the policies designed to increase birth rata The results indicate that wife' age, husband's educational level, expectant level of household economy, age at marriage, marriage duration and the time length between marriage and birth of the first child were significantly different among the four groups. The reasons to stop having children were expected constraint of privacy and time, physical and psychological burden and economic pressure. The most pronounced reason for wanting another child was the desire to give their first child a sibling. Group III had more serious disagreement about having another child than did Group II. There were significant differences among the four groups in the perceptions of possible consequences of the low birth rate. These perceptions included: undermined competitiveness of the nation and weakened family ties.

Korean Collective Intelligence in Sharing Economy Using R Programming: A Text Mining and Time Series Analysis Approach (R프로그래밍을 활용한 공유경제의 한국인 집단지성: 텍스트 마이닝 및 시계열 분석)

  • Kim, Jae Won;Yun, You Dong;Jung, Yu Jin;Kim, Ki Youn
    • Journal of Internet Computing and Services
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    • v.17 no.5
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    • pp.151-160
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    • 2016
  • The purpose of this research is to investigate Korean popular attitudes and social perceptions of 'sharing economy' terminology at the current moment from a creative or socio-economic point of view. In Korea, this study discovers and interprets the objective and tangible annual changes and patterns of sociocultural collective intelligence that have taken place over the last five years by applying text mining in the big data analysis approach. By crawling and Googling, this study collected a significant amount of time series web meta-data with regard to the theme of the sharing economy on the world wide web from 2010 to 2014. Consequently, huge amounts of raw data concerning sharing economy are processed into the value-added meaningful 'word clouding' form of graphs or figures by using the function of word clouding with R programming. Till now, the lack of accumulated data or collective intelligence about sharing economy notwithstanding, it is worth nothing that this study carried out preliminary research on conducting a time-series big data analysis from the perspective of knowledge management and processing. Thus, the results of this study can be utilized as fundamental data to help understand the academic and industrial aspects of future sharing economy-related markets or consumer behavior.

Beyond Growth: Does Tourism Promote Human Development in India? Evidence from Time Series Analysis

  • SHARMA, Manu;MOHAPATRA, Geetilaxmi;GIRI, Arun Kumar
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.693-702
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    • 2020
  • The present study aims to investigate the impact of tourism growth on human development in Indian economy. For this purpose, the study uses annual data from 1980 to 2018 and utilizes two proxies for tourism growth - tourism receipt and tourist arrivals - and uses human development index calculated by UNDP. The study uses control variables such as government expenditure and trade openness. The study employs auto regressive distributed lag (ARDL) approach to investigate the cointegrating relationship among the variables in the model. Further, the study also explores the causal nexus between tourism sector and human development by using the Toda-Yamamoto Granger non-causality test. The result of ARDL bounds test reveals the existence of cointegrating relationship between human development indicators, government expenditure, trade openness, and tourism sector growth. The cointegating coefficient confirms a positive and significant relationship between tourism sector growth and human development in India. The causality result suggests that economic growth and tourism have a positive impact while trade openness has a negative impact on human development in India. The major findings of this study suggest that tourism plays an important role in the socio-economic development of Indian economy in recent years and the country must develop this sector to achieve sustainable development.

Institutional Strategy of Palm Oil Independent Smallholders: A Case Study in Indonesia

  • ANWAR, Khairul;TAMPUBOLON, Dahlan;HANDOKO, Tito
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.529-538
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    • 2021
  • This article aims to describe the institutional structuring strategy of independent smallholders in accelerating sustainable economic development, by taking the example of the cow-coconut integration system (SISKA) problem in Sialang Palas Village, Riau. The method used identified stakeholders related to SISKA; the stakeholder's goals and interests, farmers' social and institutional bases, and self-help farmer socio-economic networks. First, identification of various factors through strengths, weaknesses, opportunities, and threats (SWOT) analysis techniques. Second, through the Modern Political Economy analysis technique. Third, imparting knowledge and skills to the farmers and village officials through a collective learning process in utilizing natural resource waste and social resources. The results showed that the farmer management strategy in the reform era started by clustering the interests of farmers. The dynamics of structuring group relations between the chairman and members with farmers outside the group are the basis for strengthening the local ideology of independence in the future. This institutional structuring strategy that focuses on access to farm power in the village decision-making process encourages a more integrated work of farmer organizations. The analysis above shows that the independent smallholder institutional engineering through regulation, organization, and resources are determined by the farmer household economic factors and the application of the value of local wisdom.

Senior's Socio-Economic Activities Through Digital Platform (시니어의 디지털 플랫폼을 통한 사회·경제적 활동: 그 동기와 의미)

  • Park, Soo Kyung;Lee, Bong Gyou
    • Journal of Digital Convergence
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    • v.19 no.2
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    • pp.133-141
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    • 2021
  • Recently, the number of seniors who engage in social and economic activities through digital platforms is increasing. Through this, they are building new social networks or creating profits. Therefore, this study aimed to conduct an in-depth interview with 17 seniors who are engaged in social and economic activities on a digital platform. This study examined their motivation and experience in detail through in-depth interviews. As a result of the study, three subjects (motivation for participation, evaluation and performance of activities, and requirements for stable activities) were derived. The results of this study are predicted to contribute to preventing social isolation of seniors by mediating digital platforms in the future and inducing them to become subjects of the digital economy.

A study on decentralization and intellectual property rights(IP) construction strategies in NFT art: Focusing on the Chinese case (NFT 예술의 탈중앙화와 지식재산권 구축 전략에 관한 연구 : 중국 사례를 중심으로 )

  • LIN LI;Rui Zhan
    • Trans-
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    • v.16
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    • pp.33-68
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    • 2024
  • In a rapidly growing digital economic environment, NFT has emerged as a hot topic in the art field. However, in China, NFT art is developing slowly due to constraints related to China's political economy and socio-cultural situation. Due to strict management and control, the circulation of cryptocurrency is limited, and the level of public awareness and acceptance of NFT art and market maturity are still low. Despite these limitations, this paper predicts that Chinese art creators and market participants can build an online personal art IP model that suits the characteristics of the Chinese market and explores the current status and possibilities.

Creative City and Creative Class: Conceptual Issues and Critiques (창조도시와 창조계급: 개념적 논제들과 비판)

  • Choi, Byung-Doo
    • Journal of the Korean association of regional geographers
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    • v.20 no.1
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    • pp.49-69
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    • 2014
  • The theory of creative city can be seen as one that reflects a relationship between recent change of economic environment and socio-spatial reconstruction in the so-called 'cultural turn' to deindustrialization. This paper considers approaching methods to knowledge-based economy or cultural economy as a context of development of theory of creative city, and suggests types of conceptualization of creative city. Then it reviews creative perspectives which can be found in recent domestic and oversea research trends on creative city, especially relating its nature with neoliberalism. Finally this paper discusses critically the concept of creative class as a social constitution of creativity or creative economy, and that of creative city as its spatial constitution. The concept of creative class can be criticized in terms of ambiguity of the concept of class, class-biased and economy-privileged idea, market valorization of culture, individualization against community, normalization of flexible labor market, and uncertainty of economic success of creative city. The concept of creative city can be criticized in terms of limitation of interests to city, ignorance of national and global dimensions, decontextual normative vision, legitimation of neoliberal city, lack of proof of causality between creative class and economic success, polarization of within and between cities.

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