• Title/Summary/Keyword: budget share

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The Effect of Heterogeneous Wage Contracts on Macroeconomic Volatility in a Financially Fragile Economy

  • Kim, Jongheuk
    • East Asian Economic Review
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    • v.21 no.2
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    • pp.167-197
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    • 2017
  • I build a small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model to investigate the effect of a heterogeneous wage contract between regular and temporary workers on a macroeconomic volatility in a financially fragile economy. The imperfect financial market condition is captured by a quadratic financial adjustment cost for borrowing foreign assets, and the labor market friction is captured by a Nash bargaining process which is only available to the regular workers when they negotiate their wages with the firms while the temporary workers are given their wage which simply equals the marginal cost. As a result of impulse responsesto a domestic productivity shock, the higher elasticity of substitution between two types of workers and the lower weight on the regular workers in the firm's production process induce the higher volatilities in most variables. This is reasoned that the higher substitutability creates more volatile wage determination process while the lower share of the regular workers weakens their Nash bargaining power in the contract process.

A Study on the Effect of Outsourcing for the Apparel Maker in Korea (우리나라 의류생산업체(衣類生産業體)의 아웃소싱 효과에 관(關)한 연구(硏究))

  • Kwon, Young-Ja
    • Journal of Fashion Business
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    • v.3 no.1
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    • pp.138-146
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    • 1999
  • For an enterprise to survive in extremely competitive world, it had better to down budget and resource of unimportant fields so that the enterprise can concentrate resources on the strong field. Nowadays in Korea, it is important to research outsourcing for strengthen the competitive power in apparel maker because of recent depression. The questionnaire was composed of 14 factors about outsourcing effect. The questionnaires were selected for finial analysis 67 apparel makers in Pusan and Seoul and data was analysed by using paired t-test by SPSS program. Almost of apparel makers (85.07%) has been outsourced the sewing process to contractor or vendor. Outsourcing in this case is marked lower effect than insourcing except reducing cost, economy of time and overcoming internal resources. This means that our outsourcing has been progressed with so many risk. If we have research the successful outsourcing and have a strategic vision and plan with vendor and product mutually beneficial relationship, we can share the risk and creating new business synergies through outsourcing.

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Actual Condition and Vitalization Plan of Rural Village Festival (농촌 마을축제 실태 및 활성화 방안)

  • Yun, Sang-Hun;Lee, Han-Sung
    • Journal of Korean Society of Rural Planning
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    • v.20 no.3
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    • pp.1-9
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    • 2014
  • This study is to find out vitalization plan of rural village festival through field survey and in-depth interview. Festival vitalization plans were suggested for each of four steps. The results are as follows: (1) preparing stage : disambiguation of supporting festival, adjustment of selecting times & improvement of selecting index in supporting festival, support of planning & managing ability, and systematization of festival consulting team. (2) planning stage : supporting differentiated festival program development, and public relations of rural village festival. (3) operating stage : flexible utilization of supporting budget and systematization of festival supporters operation. (4) ending stage : holding a workshop to share successful festival cases.

Circuit Design of DRAM for Mobile Generation

  • Sim, Jae-Yoon
    • JSTS:Journal of Semiconductor Technology and Science
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    • v.7 no.1
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    • pp.1-10
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    • 2007
  • In recent few years, low-power electronics has been a leading drive for technology developments nourished by rapidly growing market share. Mobile DRAM, as a fundamental block of hand-held devices, is now becoming a product developed by limitless competition. To support application specific mobile features, various new power-reduction schemes have been proposed and adopted by standardization. Tightened power budget in battery-operated systems makes conventional schemes not acceptable and increases difficulty of the circuit design. The mobile DRAM has successfully moved down to 1.5V era, and now it is about to move to 1.2V. Further voltage scaling, however, presents critical problems which must be overcome. This paper reviews critical issues in mobile DRAM design and various circuit schemes to solve the problems. Focused on analog circuits, bitline sensing, IO line sensing, refresh-related schemes, DC bias generation, and schemes for higher data rate are covered.

The Household Financial Problem by Extracurricular Lesson Expenses of High School Student (고등학생 자녀를 둔 가정의 과외학습비 지출에 따른 재정문제)

  • 윤성인;임정빈
    • Journal of Family Resource Management and Policy Review
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    • v.3 no.1
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    • pp.105-121
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    • 1999
  • The major purpose of this study is to examine the effect of the extracurricular lesson expenses on the Burden of Household Expenditure. The data are collected from 537 housewives with a child aged 18(2nd grade in high school) in Seoul. The statistics used for the data analysis are frequency, percentage, crosstables, one way ANOVA, and multiple regression. The statistic softwear used for this study is SPSS. The Result on a base of empirical analyses follow: 1. Respondentg’s expenditure on extracurricular lesson fees is about 430,000 won per month, which is about 28% of the living cost. 2. There are four types of the methods preparing extracurricular lesson fees: ‘Frugal Type’, ‘Excess Type’, ‘Composit Type’, ‘Self-supportable Type’. 3. Region, the living cost, sex of children, net worth, and the mother’s education show statistically significant effect on the extracutticular lesson expenses. 4. The regression analyses incicate that Burden of Household Expenditure increased by 1.9 point according to 1% increase in expenditure on extracurridular lesson fees. The higher budget share of expenditure on extracurricular fees, the higher level of Burden of Household Expenditure.

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Introduction of Asset Management System for Road Facilities (도로시설물의 자산관리시스템 도입 방안 연구)

  • Kim, Je-Won;Yoo, In-Kyoon
    • 한국방재학회:학술대회논문집
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    • 2008.02a
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    • pp.325-328
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    • 2008
  • After insufficient road facilities are expanded, it is more important to maintain performance of road facilities the time according to passing. When the road facilities are maintained optimally through proper maintenance, the total amount of investment can be minimized and national competitiveness is improved. Individual maintenance research of road facilities such as PMS or BMS was in progress until currently, but it is difficult to joint ownership and share information between systems, and it is impossible to use as the decision-making. Therefore, Asset Management System for road facilities is enforced to solve the inefficiency of existing systems, maintenance the road facilities systematically under the limited budget and get the maximum benefits against the cost from the view point of long-term. In this paper, the concept of Asset Management System explained, and research plan from KICT in order to introduce the Asset Management System of road facilities from 2008 hereafter for 5 years accounted.

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An Empirical Analysis of the Determinants of Defense Cost Sharing between Korea and the U.S. (한미 방위비 분담금 결정요인에 대한 실증분석)

  • Yonggi Min;Sunggyun Shin;Yongjoon Park
    • The Journal of the Convergence on Culture Technology
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    • v.10 no.1
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    • pp.183-192
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    • 2024
  • The purpose of this study is to empirically analyze the determining factors (economy, security, domestic politics, administration, and international politics) that affect the ROK-US defense cost sharing decision. Through this, we will gain a deeper understanding of the defense cost sharing decision process and improve the efficiency of defense cost sharing calculation and execution. The scope of the study is ROK-US defense cost sharing from 1991 to 2021. The data used in the empirical analysis were various secondary data such as Ministry of National Defense, government statistical data, SIPRI, and media reports. As an empirical analysis method, multiple regression analysis using time series was used and the data was analyzed using an autoregressive model. As a result of empirical research through multiple regression analysis, we derived the following results. It was analyzed that the size of Korea's economy, that is, GDP, the previous year's defense cost share, and the number of U.S. troops stationed in Korea had a positive influence on the decision on defense cost sharing. This indicates that Korea's economic growth is a major factor influencing the increase in defense cost sharing, and that the gradual increase in the budget and the negotiation method of the Special Agreement (SMA) for cost sharing of stationing US troops in Korea play an important role. On the other hand, the political tendencies of the ruling party, North Korea's military threats, and China's defense budget were found to have no statistically significant influence on the decision to share defense costs.

Economic Analysis of Providing Personal Protective Equipment for Residents near Chemical Plants (화학공장 인근 주민의 개인보호장구 지급에 관한 경제성 분석)

  • Han, Don-Hee;Chang, Young-Jae;Park, Min Soo
    • Journal of Environmental Health Sciences
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    • v.43 no.5
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    • pp.431-437
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    • 2017
  • Objectives: To protect the health and safety of residents during chemical accidents, the governmental authorities need to provide personal protective equipment (PPE) to citizens who desire it. This study aims to investigate residents'awareness of PPE and perform an economic analysis on providing PPE to residents near chemical plants prior to the establishment of a related law. Methods: This study was carried out through a questionnaire completed by 600 residents composed of items such as residents'awareness of PPE, what type of PPE they need, and how to purchase PPE. Economic analysis (cost-benefit analysis) was conducted on providing PPE to residents near chemical plants on basis of the Gumi City hydrogen fluoride accident of 2012. Results: The results of the questionnaire showed that most residents recognized the need for PPE preparedness for chemical accidents, in particular, for respirators. The level of expense that respondents were prepared to shoulder to share the burden was $25. Except for chemicals of hazard level 2, the benefit of all kinds of chemical accident preparedness considerably exceeded costs in the cost-benefit analysis on providing PPE. An estimated government budget of $20 million per year would be required to provide PPE (hood-type mask) for all residents within a one-kilometer radius of chemical plants in Korea, but only $5.8 million when residents share the expenses. Conclusion: The results of this study suggest that programs for providing PPE for residents near chemical plants should be established by law.

Integrated Management Data Warehouse Development Process of Research Expenses in Enterprise Environment (엔터프라이즈 환경의 연구비 통합관리 데이터 웨어하우스 개발 프로세스)

  • Choi, Seong-Man;Yoo, Cheol-Jung;Chang, Ok-Bae
    • The KIPS Transactions:PartD
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    • v.11D no.1
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    • pp.183-194
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    • 2004
  • The existing management job of research expenses has been divided into three parts: budget planning, budget draw-up, and exact settlement of budget. However, it caused some problems. Under this current circumstance it is required to obtain research expenses steadily, to operate efficiently and to use them clearly to solve such problems. As a result of a study on data warehouse development process of existing system integration company (Inmon, IBM) to reflect current trend described above, data warehouse development process of Inmon uses systematic and gradual access as a classical development cycle method. It causes overlap and feedback to the previous step in the process of each step Is requested. And another problem that it is difficult to toil what function refers and corrects data because functions and data are separated during performing development process at data warehouse development process of IBM is caused. Integrated management data warehouse development process of research expenses in the enterprise environment which applies UML at planning and analysis step, design step and implement and test step is suggested in this paper. Information retrieval agent uses existing budget plan DB, budget draw-up DB and budget settlement DB to find out information that a user wants to know. Information retrieval agent collects and saves information at integration database and information integration agent extracts, transports, transforms and loads the data. Information integration agent reduces a user's efforts to access to a number of information sources and check each of them. It also screens out data that a user may not need. As a result, integrated management data warehouse development process of research expenses in the enterprise environment reflects a user's requirements as much as possible and provides various types of information to make a decision which is needed to establish the policy of research expense management. It helps an end user approach his/her desired analysis information quickly and get various data from the comprehensive viewpoint rather than the fragmentary viewpoint. Furthermore, as it integrated three systems into one, it is possible to share data, to integrate the system, to reduce operating expenses and to simplify supporting environment for the decision making.

Sharing Treatment Information Between Family Members on the Web-based Telemedicine System (웹기반 원격진료시스템에서의 가족간 진료자료공유 알고리즘)

  • Kim Seok-Soo
    • The Journal of the Korea Contents Association
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    • v.5 no.4
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    • pp.141-149
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    • 2005
  • The paper's suggestion is Web based Tele-Medicine System will be open to public, low-budget featuring high quality of extensive medical services. It will keep a log of personal medical history to allow doctors to share information on patients and their families. This will result in the reduction of erroneous diagnosis and ensure successful e-business. On top of this, the new system will provide a solution for membership (client) management. It will combine online and offline medical services and be available 24 hours a day to anywhere users have Internet access, setting itself apart from the existing distance medical services system. Specially, The paper's suggestion is sharing medical treatment information between family members is suggested. This approach makes possible understanding physical constitution and environment between family members, and can result in bringing a faster treatment effect if some family member suffers from a similar disease.

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