• Title/Summary/Keyword: economic stability

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Exploring the Role of Vocational Education for the Social Integration in Preparation for the Reunification of the Korea Peninsula (남·북한 통일대비 사회통합을 위한 직업교육의 역할 탐구 -통일 독일의 사회적 통합 사례분석을 중심으로-)

  • Lee, Sung-Kyun
    • The Journal of the Korea Contents Association
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    • v.16 no.7
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    • pp.382-397
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    • 2016
  • This study focuses on the lessons and implications of Germany's measures for the social integration after the reunification, and especially the Germany's measure on labor reproduction for the economic stability of East Germany. This analysis indicates, whether South Korea is going to achieve gradual and peaceful reunification or absorb North Korea due to its sudden collapse, that the reunification, in any case, requires the social integration through economic stability of both North and South. In order to ensure national reconciliation, recovery of homogeneity, and establishment of identity for the economically stable social integration, the new integration of educational system is necessary. Especially, the objective of this study is to find the role and direction of vocational education for the stability of the North Korea's labor market and economic life in order to socially integrate South Koreans with its Northern counterparts. First of all, this study examined a priori example of the experiences during West Germany's social integration process, i.e. the vocational education promotion process for the social stability and economic life. It figured out the problem of vocational education for the integrity as well as analyzed the vocational education differences and integration promotion system between East & West Germany. Even though East and West Germany showed their disparities in each vocational education, they corroborated each other by finding one similar system such as bifurcation, which lead to the integration of the labor market and new vocational education policy for the economic stability. Despite the West Germany's support for the socio-economic integration, nevertheless, the East Germany's capacity turned out to be insufficient, which resulted in the failure of the policy. Based on above discussion, this study intended to suggest the efficient solutions of vocational education for the internal reunification of South and North Korea by promoting the independence and self-support of North Koreans and leading the stability of labor market and economic for the future reunification.

A Study on the Economic Well-Being of Housewives (주부의 경제적복지에 관한 연구)

  • Lee, Kyung-Ok
    • Korean Journal of Human Ecology
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    • v.13 no.6
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    • pp.903-915
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    • 2004
  • Now in Korea, many factors-for example, unemployment rate rise, consumer prices, corporate restructuring, etc.-are threatening family economy. Thus many households are faced with an economic crisis. In this circumstances, it is the role of households as a subsystem of family system to keep family and household economy stable for the sake of family growth and development. Economic well-being is differentiated by criterion of household economic status. But it has a large scale of spectrum: household income, asset, consumption, debt and the like. Moreover, these indices have been understood and measured differently by many researchers. In this thesis, we made efforts to distinguish subjective satisfaction from objective satisfaction, and then focus on the former. The data were collected from 399 housewives living in Pusan through questionnaires.

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Optimal Monetary Policy System for Both Macroeconomics and Financial Stability (거시경제와 금융안정을 종합 고려한 최적 통화정책체계 연구)

  • Joonyoung Hur;Hyoung Seok Oh
    • KDI Journal of Economic Policy
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    • v.46 no.1
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    • pp.91-129
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    • 2024
  • The Bank of Korea, through a legal amendment in 2011 following the financial crisis, was entrusted with the additional responsibility of financial stability beyond its existing mandate of price stability. Since then, concerns have been raised about the prolonged increase in household debt compared to income conditions, which could constrain consumption and growth and increase the possibility of a crisis in the event of negative economic shocks. The current accumulation of financial imbalances suggests a critical period for the government and central bank to be more vigilant, ensuring it does not impede the stable flow of our financial and economic systems. This study examines the applicability of the Integrated Inflation Targeting (IIT) framework proposed by the Bank for International Settlements (BIS) for macro-financial stability in promoting long-term economic stability. Using VAR models, the study reveals a clear increase in risk appetite following interest rate cuts after the financial crisis, leading to a rise in household debt. Additionally, analyzing the central bank's conduct of monetary policy from 2000 to 2021 through DSGE models indicates that the Bank of Korea has operated with a form of IIT, considering both inflation and growth in its policy decisions, with some responsiveness to the increase in household debt. However, the estimation of a high interest rate smoothing coefficient suggests a cautious approach to interest rate adjustments. Furthermore, estimating the optimal interest rate rule to minimize the central bank's loss function reveals that a policy considering inflation, growth, and being mindful of household credit conditions is superior. It suggests that the policy of actively adjusting the benchmark interest rate in response to changes in economic conditions and being attentive to household credit situations when household debt is increasing rapidly compared to income conditions has been analyzed as a desirable policy approach. Based on these findings, we conclude that the integrated inflation targeting framework proposed by the BIS could be considered as an alternative policy system that supports the stable growth of the economy in the medium to long term.

A Study on the Financial Stabilityof households (가계의 경제적 안정에 관한 연구)

  • 황덕순
    • Journal of Families and Better Life
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    • v.11 no.2
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    • pp.69-82
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    • 1993
  • Financial stability of households is the basic and most important factor of the quality of life. It affects emotional psychological mental and social aspects of family personal develop-ment and family healths etc. This study investigated and analyzed the data on financial stability of households. The data collected through the self-administered questionnaire from 466 house-holds in Kwangju area were analyzed. As statistical methods Frequency Percentile. Anova Duncan-test and Regression analysis were used. The results obtained are as follow: Education job status housing tenure type numbers of income source assets income and income flexibility have positive effects on financial stability. Especially numbers of income sources has most important effect. Significant correlation coefficients between financial stability and economic pressures mental healths financial satisfaction life satisfaction and coping behaviors were revealed respectively To improve the quality of life financial stability of household is severely considered. To be financially stable providing various income sources is more desirable than having regular and fixed income.

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Reliability analyses of a prototype soil nail wall using regression models

  • Sivakumar Babu, G.L.;Singh, Vikas Pratap
    • Geomechanics and Engineering
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    • v.2 no.2
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    • pp.71-88
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    • 2010
  • Soil nailing technique is being widely used for stabilization of vertical cuts because of its economic, environment friendly and speedy construction. Global stability and lateral displacement are the two important stability criteria for the soil nail walls. The primary objective of the present study is to evaluate soil nail wall stability criteria under the influence of in-situ soil variability. Finite element based numerical experiments are performed in accordance with the methodology of $2^3$ factorial design of experiments. Based on the analysis of the observations from numerical experiments, two regression models are developed, and used for reliability analyses of global stability and lateral displacement of the soil nail wall. A 10 m high prototype soil nail wall is considered for better understanding and to highlight the practical implications of the present study. Based on the study, lateral displacements beyond 0.10% of vertical wall height and variability of in-situ soil parameters are found to be critical from the stability criteria considerations of the soil nail wall.

The Assessment of Landslide Hazards in Gyeonggi Icheon area using GIS-based SINMAP Model Analysis (GIS기반의 SINMAP을 통한 경기도 이천지역의 산사태 위험도 분석)

  • Kwon, Ki-Bum;Lee, Hee-Chul;Chun, Jin-Soo
    • Proceedings of the Korean Geotechical Society Conference
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    • 2010.09a
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    • pp.782-789
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    • 2010
  • Landslides cause enormous economic losses and casualties. Korea has mountainous regions and heavy slopes in most parts of the land and has consistently built new roads and large-scale housing complexes according to its industrial and urban growth. As a result, the damage from landslides becomes greater every year. In this study, performed a GIS-based landslide hazard analysis by SINMAP(Stability Index MAPping) model in Gyeonggi Icheon area coupling with geomorphological and geological data. SINMAP model has its theoretical basis in the infinite plane slope stability model with wetness obtained from a topographically based steady state model of hydrology. To Gyeonggi Icheon area landslides hazards evaluated, these SINMAP model were analysed results while simultaneously referring to the stability index map, where lines distinguish the zones categorized into the different stability classes and a table giving summary statistics.

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A Study on Marital Stability and It's Related Variables Among Urban Couples (도시 부부의 결혼안정성 및 그 관련변인 연구)

  • 김미숙;김명자
    • Journal of Families and Better Life
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    • v.8 no.1
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    • pp.171-183
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    • 1990
  • The purpose of this study is to search a tendency of marital stability, and to identify the variables influencing on marital stability of urban couples. The sample was selected from the married couples living is Seoul. Total sample consisted of 476 spouses(238 couples) finally selected datum sources. The data were analyzed by the statistical method such as the fator analysis, frequency distribution, percentile, ANOVA, Pearson's correlation, and χ2 test analysis. The main results were as follows ; 1) In general the score of marital stability of urban couples was somewhat high. 2) Among the related variables, socio-demographic variables such as Socio-Economic Status(SES), religion, social background have turned out to be significant on the marital stability, Also, marital satisfaction and attitude toward divorce influenced marital stability. 3) The important influential variables on the marital stability were in the order of marital satisfaction, attitude toward divorce, ears of marriage. 4) Four types of marital stability are identified based on marital satisfaction and attitude toward divorce. Among the surveyed couples, 39.7% showed the most ideal pattern in the sense that they show high scores on marital satisfaction and negative attitude toward divorce. On the other hand, 25.2% showed high psychological instability that they show low scores on marital satisfaction and positive attitude toward divorce. After all the most signigicant variable relating to marital stability was marital satisfaction.

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A Study on Self-Achievements and Related Factors in Elders (노인의 자기 성취감에 영향을 미치는 요인에 관한 연구)

  • Wang, Myoung-Ja;Seo, Eun-Ju;Cha, Nam-Hyun
    • Research in Community and Public Health Nursing
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    • v.20 no.1
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    • pp.23-30
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    • 2009
  • This study was to identify the relationship among self-management, economic stability, self-esteem, self-achievement and predictor of the self-achievements in elders. Methods: A total of 294 subjects aged between 60 and 92 were selected through convenient sampling. Data were collected by self-reported questionnaire from May to June, 2008. Collected data were analysed by the SPSS/WIN 15.0 program. Results: Self-management, economic stability, self-esteem, self-achievement were positively correlated. The most significant predictor of self-achievement in elders were self-management and self-esteem. Conclusion: These findings suggest that self-achievement is influenced by self-management and self-esteem and needed for aged well

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International Outsourcing, Unemployment and Welfare: A Re-Examination

  • Choi, Jai-Young;Yu, Eden S.H.
    • East Asian Economic Review
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    • v.23 no.3
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    • pp.261-284
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    • 2019
  • This paper explores the ramifications of international outsourcing on unemployment, income distribution and welfare, which is an important but yet unresolved issue. Using the well-known Harris-Todaro (1970) model of sector-specific unemployment, it shows that the effects of outsourcing on employment, income-distribution and welfare depend on the sector in which the outsourcing occurs, whereby sectoral factor intensities, unemployment-outsourcing response and the dynamic stability condition play crucial roles. In particular, outsourcing in the manufacturing (primary) sector widens (narrows) income inequality by increasing (decreasing) the sectoral wage gap and raising (not affecting) the rental income of the capital owners in the economy. Moreover, outsourcing in the manufacturing (primary) sector can be welfare-decreasing (is always welfare-increasing) due to its negative (positive) employment effect mitigating (reinforcing) the primary gains from the outsourcing.

The Effects of Policy Funds on the Investment and Management Stabilization Financing of Small- and Medium-sized Enterprises

  • Jinhwa Chung;Bohyun Kim;Seongman Moon
    • East Asian Economic Review
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    • v.27 no.4
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    • pp.347-376
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    • 2023
  • This study empirically examines the impacts of policy funds from three different aspects using data on Daegu city's local government loans. First, we estimate the influence of policy funds on mitigating financial constraints affecting the investment decisions of Small- and Medium-sized Enterprises (SMEs), yielding inconclusive results indicating no significant discernible effects of policy funds. Second, we scrutinize the ramifications of policy funds on enterprise's management stability, revealing that these funds contribute to stabilizing the operations of small-scale enterprises. Third, we explore whether policy funds engender an unintended consequence of bolstering distressed enterprises, presenting empirical evidence that suggests a delayed exit of such enterprises.