• 제목/요약/키워드: User cost of capital

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연구개발특구 조세감면제도의 거시경제적 파급효과 분석 (An Analysis on Macro-economic Effect of Tax Exemption in R&D Special Cluster)

  • 김성태;전승훈;임병인
    • 융합정보논문지
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    • 제8권6호
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    • pp.409-416
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    • 2018
  • 본 연구의 목적은 2006년 12월 30일 조세특례제한법 제12조의2 신설로 도입된 조세감면제도의 거시경제적 파급효과를 추정하는 것에 있다. 연구방법은 자본의 사용자비용모형과 산업연관분석모형이며, 추정결과는 다음과 같다. 특구에 대한 법인세 감면제도로 2007~2016년 기간 동안 생산액 2,807억원, 부가가치 1,392억원, 취업자 수 2,355명을 증가시킨 것으로 나타났다. 이 결과는 연구개발특구에 대한 법인세 감면을 존속시키는 것이 "국가기술의 혁신을 통해 국민경제에 이바지할 것"이라는 정책 목표가 달성되었다는 것이 실증되었음을 보여준다.

An Empirical Study on the Housing Affordability of Multi-Family Dwellers

  • Jin, Mee-Youn;Yoon, Bok-Cha
    • 한국주거학회논문집
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    • 제10권3호
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    • pp.221-229
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    • 1999
  • The purpose of this study is to investigate the housing affordability of multi-family dwelling in Seoul and to systemize the housing expenditure patterns and housing affordability according to household and housing characteristics. Housing expenditures are basically composed of the payments of four major items. including utilities. home alteration and interior furnishing. home mortgage debt. and monthly rent. Housing affordability index as operationally defined in this study is Housing Expenditure-to-Income Ratio (HEIR). The ratios were computed for each of the four housing expenditure items. Data for 465 multi-family dwellers were gathered from the structured questionnaire. The results showed the differences between household and housing characteristics on housing expenditure levels and HEIR. In addition. this differences had influence on future housing choice behavior. The analysis on the variables of housing choice behavior showed the result that user cost considering capital gains were less important. comparing those of early 1990's.

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18FDG Synthesis and Supply: a Journey from Existing Centralized to Future Decentralized Models

  • uz Zaman, Maseeh;Fatima, Nosheen;Sajjad, Zafar;Zaman, Unaiza;Tahseen, Rabia;Zaman, Areeba
    • Asian Pacific Journal of Cancer Prevention
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    • 제15권23호
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    • pp.10057-10059
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    • 2015
  • Positron emission tomography (PET) as the functional component of current hybrid imaging (like PET/CT or PET/MRI) seems to dominate the horizon of medical imaging in coming decades. $^{18}$Flourodeoxyglucose ($^{18}FDG$) is the most commonly used probe in oncology and also in cardiology and neurology around the globe. However, the major capital cost and exorbitant running expenditure of low to medium energy cyclotrons (about 20 MeV) and radiochemistry units are the seminal reasons of low number of cyclotrons but mushroom growth pattern of PET scanners. This fact and longer half-life of $^{18}F$ (110 minutes) have paved the path of a centralized model in which $^{18}FDG$ is produced by commercial PET radiopharmacies and the finished product (multi-dose vial with tungsten shielding) is dispensed to customers having only PET scanners. This indeed reduced the cost but has limitations of dependence upon timely arrival of daily shipments as delay caused by any reason results in cancellation or rescheduling of the PET procedures. In recent years, industry and academia have taken a step forward by producing low energy, table top cyclotrons with compact and automated radiochemistry units (Lab-on-Chip). This decentralized strategy enables the users to produce on-demand doses of PET probe themselves at reasonably low cost using an automated and user-friendly technology. This technological development would indeed provide a real impetus to the availability of complete set up of PET based molecular imaging at an affordable cost to the developing countries.

경쟁체제 하에서의 발전소 건설 시스템 다이내믹스 모델 개발 (Development of System Dynamics model for Electric Power Plant Construction in a Competitive Market)

  • 안남성
    • 한국시스템다이내믹스연구
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    • 제2권2호
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    • pp.25-40
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    • 2001
  • This paper describes the forecast of power plant construction in a competitive korean electricity market. In Korea, KEPCO (Korea Electric Power Corporation, fully controlled by government) was responsible for from the production of the electricity to the sale of electricity to customer. However, the generation part is separated from KEPCO and six generation companies were established for whole sale competition from April 1st, 2001. The generation companies consist of five fossil power companies and one nuclear power company in Korea at present time. Fossil power companies are scheduled to be sold to private companies including foreign investors. Nuclear power company is owned and controlled by government. The competition in generation market will start from 2003. ISO (Independence System Operator will purchase the electricity from the power exchange market. The market price is determined by the SMP(System Marginal Price) which is decided by the balance between demand and supply of electricity in power exchange market. Under this uncertain circumstance, the energy policy planners such as government are interested to the construction of the power plant in the future. These interests are accelerated due to the recent shortage of electricity supply in California. In the competitive market, investors are no longer interested in the investment for the capital intensive, long lead time generating technologies such as nuclear and coal plants. Large unclear and coal plants were no longer the top choices. Instead, investors in the competitive market are interested in smaller, more efficient, cheaper, cleaner technologies such as CCGT(Combined Cycle Gas Turbine). Electricity is treated as commodity in the competitive market. The investors behavior in the commodity market shows that the new investment decision is made when the market price exceeds the sum of capital cost and variable cost of the new facility and the existing facility utilization depends on the marginal cost of the facility. This investors behavior can be applied to the new investments for the power plant. Under these postulations, there is the potential for power plant construction to appear in waves causing alternating periods of over and under supply of electricity like commodity production or real estate production. A computer model was developed to sturdy the possibility that construction will appear in waves of boom and bust in Korean electricity market. This model was constructed using System Dynamics method pioneered by Forrester(MIT, 1961) and explained in recent text by Sternman (Business Dynamics, MIT, 2000) and the recent work by Andrew Ford(Energy Policy, 1999). This model was designed based on the Energy Policy results(Ford, 1999) with parameters for loads and resources in Korea. This Korea Market Model was developed and tested in a small scale project to demonstrate the usefulness of the System Dynamics approach. Korea electricity market is isolated and not allowed to import electricity from outsides. In this model, the base load such as unclear and large coal power plant are assumed to be user specified investment and only CCGT is selected for new investment by investors in the market. This model may be used to learn if government investment in new unclear plants could compensate for the unstable actions of private developers. This model can be used to test the policy focused on the role of unclear investments over time. This model also can be used to test whether the future power plant construction can meet the government targets for the mix of generating resources and to test whether to maintain stable price in the spot market.

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아파트단지 조경 공사비의 공종별 경년변화 특성 분석 - 공공기관 시행의 수도권 아파트단지를 중심으로 - (Characteristic Analysis of the Changes of Landscape Architecture Construction Costs in Time-series - Focused on the Cases of Works of Public Institution's at Capital Area -)

  • 박상진;조세환
    • 한국조경학회지
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    • 제43권6호
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    • pp.150-159
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    • 2015
  • 본 연구는 우리나라의 대표적 아파트단지 조성 공공기관인 'J'공사를 대상으로 조경 식재 및 시설물 공종별 공사비 산정 비율 및 그들의 경년변화 특성 분석을 통해 향후 보다 합리적인 조경공사비 산정을 위한 기초 자료 제시를 목적으로 수행하였다. 연구의 대상 및 자료는 2004년부터 2012년까지 수행한 수도권 아파트단지 37개 현장의 조경식재 및 시설물 공사비를 대상으로 하였다. 경년변화 특성 분석을 위해 기술분석, 상관분석 등 통계분석 방법을 사용하였으며 다음과 같은 결론이 도출되었다. 첫째, 2004년부터 2012년까지 9년간 시행된 조경공사 비용 중 식재공사비와 시설물공사비의 평균 비율은 56.1% 대 43.9%인 것으로 나타났다. 둘째, 식재공사와 시설물공사 모두 약 ${\pm}3%$의 변동 폭에 국한되고 있어 물가상승률 등을 감안하며 거의 상대적 변화가 없는 특징을 보이고 있었다. 셋째, 조경공사 공종별 공사비 투입에서는 최소 ${\pm}1%$에서 최대 ${\pm}5%$의 변동폭(變動幅)을 보임으로써 조경공사비에서는 시설물공사비가 경년별 변화의 폭이 상대적으로 높은 특징을 보이는 것으로 나타났다. 넷째, 이상과 같이 경년별, 조경공종별 조경공사비의 비율이 일괄적으로 나타나는 것은 아파트단지의 지역적 특성과 입지여건 등의 조건을 반영하지 못하는 한계가 있었음을 알 수 있었다. 다섯째, 조경공종별 조경 요소별 상관관계가 높게 나타남으로써 전체적인 공사비 틀 안에서 공사비간의 부분적 조정을 통해 전체 조경공사비를 통제하고 있는 것으로 나타났다. 이상의 결과는 조경공사비가 이용자들의 만족이나, 아파트단지의 여건 등의 환경적 특성과 상관없이 획일적으로 책정되고 있다는 문제점을 제시하고 있었다.

생물경제학적 어업자원 관리정책에 관한 연구 (Bioeconomic Management Policy for Fisheries Resources)

  • 표희동;권석재
    • 수산해양교육연구
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    • 제16권1호
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    • pp.84-98
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    • 2004
  • Due to a publicly owned resources, the overexploitation of the fisheries resources can result in externalities in the form of reduced future levels of yield. These problems can be theoretically improved through effective management of the fishery. The paper illustrates maximum sustainable yield(MSY), maximum economic yield(MEY) and F0.1 level of fishing mortality as the concept of optimal yield, and it theoretically shows that MSY is more appropriate for the optimal yield than MEY where prices increase even though MEY achieves the maximization of economic rent in a fishery assuming constant prices. And the paper presents several fisheries management tools and policies such as input controls, output controls and taxes. As the traditional approach to fishery management, input controls involve restrictions on the physical inputs into the production process(e.g. capital, time or technology) and output controls involve limits on the quantity of fish that can be landed. To introduce user cost into the harvest decisions of rent-seeking fishers, taxation, as a bioeconomic management policy of the fisheries, directly addresses the problems associated with the resource being unpriced. As most fisheries management plans, however, have increasing fisher income as an objective, taxes have not been introduced into any fisheries management policies despite their theoretical attraction.

주요 가상화폐 시장간 수익률 및 변동성 전이효과에 관한 연구 (Measuring Return and Volatility Spillovers across Major Virtual Currency Market)

  • 유주현;강주영;박상언
    • 한국정보시스템학회지:정보시스템연구
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    • 제27권3호
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    • pp.43-62
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    • 2018
  • Purpose Since the Bitcoin, which was the first virtual currency, was made at 2009, almost 1,000 virtual currencies appeared onstage in the world. Even though virtual currencies have the function of money as a medium of exchange or contract, any of those has not yet entered the commercialization stage. Instead, some of the virtual currencies show the nature of investment assets. In the case of virtual money investment, users tend to use all the information of the world because information transfer is very easy and capital movement is almost free between different countries. In addition, as the transaction sizes of virtual currencies increase, a virtual currency price is no longer independent and is likely to be affected by the prices of other virtual currencies. Therefore, it is necessary to understand the influence among virtual currency markets, which helps successful implementation of investment strategies. Design/methodology/approach This study focuses on the investment product function of virtual money and conducts the analysis using the time series model used in the financial and economic areas. In this paper, we try to analyze the return and volatility transfer effect of virtual money markets through GJR-GARCH model. Findings This study is expected to find out whether we can make market forecasts through reflecting changes in other markets. In addition, we can reduce the trial and error of user decision making by using the information on the yield and volatility transition effect derived from the research results, and it is expected to reduce the opportunity cost of users.