• Title/Summary/Keyword: economic interdependency

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A comprehensive approach to flow-based seismic risk analysis of water transmission network

  • Yoon, Sungsik;Lee, Young-Joo;Jung, Hyung-Jo
    • Structural Engineering and Mechanics
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    • v.73 no.3
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    • pp.339-351
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    • 2020
  • Earthquakes are natural disasters that cause serious social disruptions and economic losses. In particular, they have a significant impact on critical lifeline infrastructure such as urban water transmission networks. Therefore, it is important to predict network performance and provide an alternative that minimizes the damage by considering the factors affecting lifeline structures. This paper proposes a probabilistic reliability approach for post-hazard flow analysis of a water transmission network according to earthquake magnitude, pipeline deterioration, and interdependency between pumping plants and 154 kV substations. The model is composed of the following three phases: (1) generation of input ground motion considering spatial correlation, (2) updating the revised nodal demands, and (3) calculation of available nodal demands. Accordingly, a computer code was developed to perform the hydraulic analysis and numerical modelling of water facilities. For numerical simulation, an actual water transmission network was considered and the epicenter was determined from historical earthquake data. To evaluate the network performance, flow-based performance indicators such as system serviceability, nodal serviceability, and mean normal status rate were introduced. The results from the proposed approach quantitatively show that the water network is significantly affected by not only the magnitude of the earthquake but the interdependency and pipeline deterioration.

A Study of Chinese Peaceful Rise and East Asian Regional Cooperation (중국의 평화적 부상과 동아시아 지역협력 연구)

  • Shong, Il-Ho;Lee, Gye-Young
    • International Commerce and Information Review
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    • v.14 no.3
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    • pp.75-96
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    • 2012
  • China will replace the global governance of the 21st century in 2050. The rise of China provide the Chinese development model to other developing countries. There are positive element and disability element in China's 'peaceful rise' strategy at the same time. Success of the reform and opening up, market liberalization, economic interdependency, economic globalization, stability of ruling power, consolidation of one-party rule and soft power increase are the promotions of peaceful rise. China's rise as a power nation begins by regaining the superpower status in East Asia. East Asia is a lebensraum assuring a continuing growth to China. For this lebensraum, China shows an interest in institutionalization of regional economic cooperation. The core values of ASEAN, namely the mutual respect, harmonious coexistence, co-prosperity, egalitarianism and pluralism are in conform to China's policy of harmonious world and peaceful coexistence. Through this common value the tension in East Asia will be alleviated. By the regional hegemony strategy based on soft power and economic success, China will try to regain the past glorious position. Attaining status as a coordinator of the world rule will be based on the success of the East Asian strategy. Korea and other neighboring countries will be the best beneficiary countries of the China's rise strategy. China's rising strategy will have a profound effect on neighboring countries especially, Korea. The scale of the movement of goods, labor, and capital between the two countries will become much larger than present. Through regional trade agreements, economic interdependency between Korea and China will increase.

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Economic Damage Assessment of Coastal Development using Dynamic Bioeconomic Model

  • Kim, Tae-Goun
    • Journal of Navigation and Port Research
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    • v.36 no.9
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    • pp.741-751
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    • 2012
  • This article analyzes the interdependency between nonrenewable marine sand resources and renewable fishery resources by the developed dynamic bioeconomic model. The developed bioeconomic model is applied to a case study of efficient sustainable management for marine sand mining, which adversely affects a valuable blue crab fishery and its habitat in Korea. The socially-efficient extraction plan for marine sand and the time-variant environmental external costs to society in terms of diminished harvest rate of blue crab are determined. To take into account long-term effects from destroyed fishery habitat, a Beverton-Holt age structure model is integrated into the bioeconomic model. The illustrative results reveal that the efficient sand extraction plan is dynamically constrained by the stock size of the blue crab fishery over time. Thus, the dynamic environmental external cost is more realistic resource policy option than the classical fixed external cost for determining socially optimal extraction plans. Additionally, the economic value of bottom habitat, which supports the on- and off-site commercial blue crab fishery is estimated. The empirical results are interpreted with emphasis on guidelines for management policy for marine sand mining.

Partnership between Korean Apparel Manufacturers and Fabric Suppliers, and Performance of the Korean Apparel Manufacturer (의류 제조업체와 원단공급업체의 파트너십과 의류 제조업체의 성과와의 관계)

  • Jang, Se-Yoon;Lee, Yu-Ri
    • Journal of the Korean Society of Clothing and Textiles
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    • v.30 no.1 s.149
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    • pp.38-47
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    • 2006
  • As apparel manufacturers and fabric suppliers are positioned in the middle of the apparel supply chain, these supply chain members build up a partnership to establish a win-win mutual relationship and to gam global competition. This study aimed to provide useful suggestions in setting up operational strategies by investigating the current state of a partnership between apparel manufactures and fabric suppliers. Partnership variables were included as: cooperative attitude, information sharing, interdependency, communications, strategic fit trust and commitment. Manufacturers' performance included productive/economic/emotional performance. A questionnaire was distributed to apparel manufactures who are doing business with fabric suppliers. A total of 101 complete questionnaires were used for further analysis. The results were as follows; First, apparel manufacturers do business with $10\~20$ fabric suppliers mainly, duration of business relation with main partners ranged from 1 year to 30 years, with 7 years on average. Among criteria with which apparel manufactures select fabric suppliers, quality and delivery-time were the most important. Second, cooperative attributes, communications, and strategic fit were positively related with trust. The higher commitment led to the high level of interdependency and strategic fit and tend to more trustworthy. Trust and commitment were significantly re lated with manufacturers' performance(i.e., productive/economic/emotional performance). This study is expected to contribute to increase the better performance for domestic apparel manufacturers.

The Effect of Environmental Tax Policy on Economic Growth : An Endogenous Growth Approach (친환경 조세정책이 경제성장에 미치는 영향 : 내생적 성장모형을 중심으로)

  • Kang, Sung Hoon;Hong, Jong Ho
    • Environmental and Resource Economics Review
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    • v.17 no.3
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    • pp.61-89
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    • 2008
  • In this study, by extending the model proposed by Fullerton and Kim(2006), we explored the tax interdependency effect to examine the relationship between environmental tax and economic growth. The theoretical model shows that environmental tax cannot always stimulate economic growth if other taxes such as labor or income tax are distorted by environmental taxes. However, environmental tax can boost economic growth if cutting distortionary taxes offset the distortion of taxes, or improvement of abatement knowledge can sufficiently reduce the cost of production. An empirical analysis using 14 OECD countries shows a positive relationship between the increase of implicit energy tax rate and the increase of implicit income tax rate. Meanwhile, empirical analysis does not provide enough evidence to claim that the increase of implicit energy tax decreases implicit labor tax. We can presume that environmental tax policy in Europe did not necessarily mitigate the burden of labor tax.

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A Study on the Interdependencies of Payment and Settlement Systems in Korea (우리나라 지급결제시스템의 상호의존성에 관한 연구)

  • Yi, Junesuh;Kang, KyeongHoon
    • KDI Journal of Economic Policy
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    • v.32 no.2
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    • pp.171-216
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    • 2010
  • With the payment and settlement systems becoming more and more complex and interconnected, the issue of their interdependency rises as an important academic issue as well as a policy topic. This study examines causes, forms, and risk management of interdependencies of payment and settlement systems in Korea, and presents their current situation. By way of simulations using BOF-PSS2 developed by the Bank of Finland, we quantify the effects of an operational disruption on the payment and settlement systems so as to figure out the degree of interdependency. As a result, the secondary round effect reaches up to ₩13.6 trillion a day, which amounts to 7.8% of the daily settlement value. Furthermore, if we also consider the amount of direct operational disruption, the volume of operational disruption occupies 22.3% of total value of the daily settlement, evidencing that the interdependencies of the payment and settlement systems in Korea is enormously widespread. The secondary round effects are found to be more severe with security companies rather than with banks, and to be more depended upon when it is perceived rather than it actually happens. In case that we expand the liquidity to include cash holdings and deposits as assets, the secondary round effect dramatically decreases in all types of financial institutions while foreign banks account for more share of all the secondary round effects increases. Based on these results, we suggest various policy tasks and directions to improve the risk management of settlement systems: expansion of off-setting settlements, introduction of a new settlement system for securities transactions, rapid provision of liquidity to financial institutions, more effective monitoring on participant institutions, and intensified information sharing and cooperation among the systems.

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Inter-regional Income Inducement and Income Transfer Analysis Using Korean Regional Input-Output Tables (지역산업연관표를 이용한 지역 간 소득유발과 소득전이 분석)

  • Kwon, Tae Hyun
    • Economic Analysis
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    • v.27 no.3
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    • pp.61-96
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    • 2021
  • This study is to structurally examine the regional income disparity in Korea. It measures the regional income inducement by household consumption expenditure per unit income, and the regional interdependency of income using 2005 and 2015 Regional Input-Output Tables of 16 provincial regions of Korea. The results are as follows. Firstly, the income inducement by consumption expenditure per unit income decreased overall, mainly due to the decrease in the income inducement of other regions than due to that of their region. Secondly, in many regions, the inter-relational income dependency per unit income decreased also, this too, mainly due to the decrease in the income transfer to other region. And, the income inducement effects of consumption expenditure per unit income of Seoul and Gyeonggi, which occupy a large portion of the Korean economy, were lower than that of other regions, but took the largest portion of income inducements generated by other regions as well as by themselves and absorbed the income transfers from other regions the most. The higher income inducement and income absorption in Seoul and Gyeonggi by consumption expenditure of other regions were mainly because of the high share in service of their consumption structure, the progress in tertiarization of their industrial structure, and the high wage portion. These results also mean that viewed from the regional interdependency of income, the income of Seoul and that of Gyeonggi are highly dependent on the income of other regions. Especially, Gyeonggi which leads the overseas exports of high-tech based manufactured products, has other external factors that contribute to their high income inducement, whereas, Seoul which shows high income absorption using its inter-relations with other domestic regions based on the services, has an income-generating structure that is sensitive to other regions' economic situation. Amid overall declines in regional income inducements and in income transfers, and continuing concentrations into Seoul and Gyeonggi regions, to alleviate the regional disparity, the regional industry policies should, rather than benchmarking the policies of the two concentrated regions, enhance their own inter-regional relationships by strengthening the comparative advantage of their regionally specialized industry.

An Analysis of Economic Interdependency between Regions using the Canonical Correlation (for the working trip in Seoul metropolitan area) (정준상관분석기법을 이용한 지역간 경제적 의존성 분석 (수도권 출근목적통행량을 기준으로))

  • 노정현;변미정;김태균;차경준
    • Journal of Korean Society of Transportation
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    • v.20 no.7
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    • pp.5-13
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    • 2002
  • 고도의 산업화성장에 따라 도시의 기능이 지역간의 완전분리가 아닌 경제적 사회적 상호 연관성이 점점 증가하고 그 내용도 복잡하고 다양해짐에 따라 이에 대한 체계적인 분석이 필요하게 되었으며, 그에 대한 연구 또한 활발히 진행되고 있다. 그러나 기존에 연구에서 제시하고 있는 각 지역단위별로 취업자수에 대한 고용자수 비율 또는 출근통행의 유출량에 대한 유입량 비율 등의 단순지표를 이용한 지역간의 경제적 의존성을 설명하는 데는 한계가 있다고 할 수 있다. 따라서 본 연구는 지역간의 경제적 연관관계 즉 경제적 의존성을 복합적이고 표준화 할 수 있는 계량치로 추정하기 위해 두 변수 집합간의 연관성을 추정하는데 매우 유용한 분석기법인 정준상관분석 기법을 이용하여 추정하고자 하였다. 이에 수도권 72개존의 출근통행자료을 이용하여 지역간의 경제적 의존성을 측정하였으며, 각 존들로 구성된 지역간의 정준상관계수 및 각 존들의 정준가 중계수를 통해 통계적으로 정산되어진 표준화된 계수를 산출하였다. 그 결과 대존의 경우 경기도와 인천시는 각각 0.9753. 0.2968 정도의 서울에 대한 경제적 의존정도를 보이는 것으로 나타나 서울에 대한 경기도의 경제적 의존성이 높은 것으로 나타났으며, 산출된 정준가중계수를 살펴보면 분당구와 서울시의 중구는 서울에 대한 경기도의 경제적 의존성에 가장 높은 영향을 미친 것으로 나타났으며, 또한 중존에 해당되는 인천의 3개 권역, 경기의 16개 권역의 서울 5개 권역에 대한 경제적 의존성도 분석되었다.

Unchosen Cohabitation of Hannah Arendt and Precarity Politics of Judith Butler: Based on Body Politic and Ethical Obligation (한나 아렌트의 비선택적 공거와 주디스 버틀러의 프레카리티 정치학: 몸의 정치학과 윤리적 의무)

  • Cho, Hyun June
    • Cross-Cultural Studies
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    • v.48
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    • pp.361-389
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    • 2017
  • This essay examines 'precarity politics' by Judith Butler, a well-known gender theorist and queer philosopher, in Notes Towards a Performative Theory of Assembly (2015) focused on concepts as unchosen cohabitation of Hannah Arendt and unwilled proximity of Emmanuel Levinas. Butler's precarity politics is the condition of our dispossessed political beings with fundamental vulnerability and interdependency that cannot choose with whom we will live on this Earth. Butler's political ethics is twofold: on one hand, she examines significance of 'action'' the most significant vita activa in the public area, and 'plurality'' the condition-not only the necessary condition but the possible condition-for a political life suggested by Hannah Arendt in Human Condition; on the other hand, Butler reflects upon global precarity based on a diasporic precarious life in the social world towards freedom and equality. Unchosen cohabitation of plural humans on Earth, and global pervasion of precarity, that indicates "politically induced condition in which certain populations suffer from failing social and economic networks of support and become differentially exposed to injury, violence, and death," so called "differential distribution of precariousness," are practical possibilities of ethical and equal cohabitation of different ethnic groups in the social world. Ethical obligations or ethical demand to respond to others' suffering in distance and proximity originated from precarity politics, mentioned in Precarious Life, Parting Ways, and Frames of War, could be non-foundational joint of plural people living together globally. We should presume the 'reversibility' of distance and proximity in others' suffering, based on responsiveness and responsibility of others, if we want to stay attuned to the pain of others we never chose to live together. That is the significance of Butler's 'precarity politics' with 'ethical obligation' to accept 'unchosen plurality' of living population on Earth, and 'reversibility between of distance and proximity,' in her 'new plural and embodied body politics' or 'new corporeal ontology', through human primary vulnerability, fundamental interdependency, being exposed and responsive to suffering of others.