• Title/Summary/Keyword: endogenous growth model

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A Structural Equation Model of Factors Influencing Posttraumatic Growth of Earthquake Victims (지진 피해자의 외상 후 성장에 영향을 미치는 요인들 간의 구조모형)

  • Kwak, Minyeong
    • Research in Community and Public Health Nursing
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    • v.30 no.3
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    • pp.345-356
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    • 2019
  • Purpose: The purpose of this study is to construct and test a structural equation model of posttraumatic growth (PTG) of earthquake victims based on Tedeschi and Calhoun's model (2004). Methods: Data were collected from 195 earthquake victims living in K. City. The exogenous variables include distress perception, resilience, and social support, and the endogenous variables include intrusive rumination, deliberate rumination, and posttraumatic growth. For data analysis, descriptive statistics, factor analysis, and structural equation modeling were performed. Results: The modified model showed a good fitness to the data. Moreover, 6 of the 9 paths of the final model were statistically significant, which include PTG affected by deliberate rumination (${\beta}=.58$, p<.001), resilience (${\gamma}=.18$, p=.001), and distress perception (${\gamma}=.20$, p=.002). These predictors explain 51.8% of variance in posttraumatic growth. Conclusion: Based on the results of this study, it is necessary to develop and disseminate preventive intervention programs to increase the resilience of earthquake-prone communities. In addition, after exposure to a community-scale traumatic event such as earthquake, we should provide social supports to alleviate distress perception and transition from intrusive rumination to deliberate rumination so that we can seek new meaning from the earthquake and facilitate posttraumatic growth.

Long-Run Behavior of R&D Investment and Economic Growth : A Macro-Econometric Model

  • Shin, Tae-Young
    • Proceedings of the Technology Innovation Conference
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    • 2004.02a
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    • pp.83-107
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    • 2004
  • This study investigates how and through which channels R&D activities influences the national economy, using a macro-econometric model. The macro-econometric model in this study includes 24 behavioral equations and 25 identities and was estimated using the annual data. From a simulation analysis, it is shown that the R&D investment has a permanent effect on real variables; lowering prices, wages and interest rates, and increasing potential and real GDP in the long run. It is noted that the national account was recalculated to avoid double-counting in estimation of R&D stocks.

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A Study on Estimating the Optimum Proportion and Size of Basic Research Budget from an Economic Point of View (경제적 관점에서 본 기초연구예산의 적정 투자 비중과 규모 추정에 관한 연구)

  • Pak, Cheolmin;Ku, Bonchul
    • Journal of Technology Innovation
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    • v.25 no.3
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    • pp.51-82
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    • 2017
  • In terms of both economic growth and social welfare, this paper discusses the optimal proportion and size of basic research budget by adding knowledge stock to an endogenous growth model. On the basis of the modified endogenous growth model, this paper derived an equation that consists of kinds of parameters and suggested this equation as a criterion for determining whether allocated basic research budget has been appropriate. This paper also found that the theoretical optimal ratio between government investment spending and investment in basic research is equal to the ratio between the partial elasticity of output with respect of public capital stock and the partial elasticity of output with respect of knowledge stock. In addition, after the required parameters were specified based on precedent literatures, this paper estimated an optimum size of the basic research budget using the theoretical optimal ratio with official statistical records and compared the estimated size to its actual size. This paper therefore is expected to contribute to budget planning and allocation regarding establishing basic research policy, because the results of this paper presents a useful criterion for optimum level and an approximate size of investment in basic research. However, it should be noted that although the optimal solution is optimal in a economic sense, it may not be the best solution from a practical perspective.

International Trade and Directed Technical Change in Developing Countries

  • KIM, MINHO
    • KDI Journal of Economic Policy
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    • v.41 no.3
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    • pp.77-96
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    • 2019
  • This paper examines the relation between the skill premium and international trade given differences in the relative supply of skills across countries while allowing the South (developing countries) to develop its appropriate technology. Typical assumptions put forward in the literature state that either technology is exogenously given, or technical change is allowed only in the North (developed countries). I present a model of international trade with endogenous growth by allowing the South to direct its technology. The results show that more R&D is directed towards skill-augmenting technology in the North than in the South, in sectors with the same skill-intensity. Technical change induced by lowering trade costs can increase the skill premium in both the North and the South. This result can explain the empirical observation that the skill premium has increased within many developing countries after they experienced trade liberalization. Finally, the model predicts larger gains from trade compared with the model where technical change is either not allowed, or allowed only in the North.

Regulation of the Mammary Tissue-Specific Promoter Activity by Endogenous Hormones in Cultured Mammary Cells (배양 유선세포에서 내생성 호르몬에 의한 유선특이 유전자 프로모터의 활성 조절)

  • 윤영승;정선미;이성호;김재만
    • Development and Reproduction
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    • v.4 no.2
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    • pp.221-229
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    • 2000
  • Lactogenesis in mammary gland is under the control of various lactogenic hormones including hypophysial growth hormone and prolactin. Recent studies reported that such pituitary lactogenic hormones are also expressed in mammary cells as well as in pituitary. For the purpose to analyze the role of these non-pituitary hormones in mammary cells, $\beta$ -lactoglobulin (BLG) gene promoter was selected as a model system. The growth hormone suppressed BLG promoter activity when it was applied alone on cultured mammary HCll cells. Along with lactogenic hormones such as insulin, prolactin and glucocorticoid, however, it significantly enhanced expression of BLG promoter activity in a dosage- dependent manner. Exogenous expression of the growth hormone gene in cultured mammary cells also strongly promoted cell proliferation and BLG promoter activity. Bovine growth hormone promoter, on the contrary, did not revealed any notable activity. Above results suggest that endogenous expression of the pituitary hormone genes in mammary cells is not a regulation leakage but a physiological control. Moreover, artificial overproduction of the growth hormone in mammary gland may help increase milk production.

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The Structural Analysis of Variables Related to Posttraumatic Growth among Psychiatric Nurses (정신간호사의 외상 후 성장과 관련 변인 간의 구조 분석)

  • Yeo, Hyun Ju;Park, Hyun Suk
    • Journal of Korean Academy of Nursing
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    • v.50 no.1
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    • pp.26-38
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    • 2020
  • Purpose: The purpose of this study was to explain a structural model of posttraumatic growth among psychiatric nurses based on existing models and a literature review and verify its effectiveness. Methods: Data were collected from psychiatric nurses in one special city, four metropolitan cities, and three regional cities from February to March 2016. Exogenous variables included hardiness and distress perception, while endogenous variables included self-disclosure, social support, deliberate rumination, and posttraumatic growth. Data from 489 psychiatric nurses were analyzed using IBM SPSS Statistics 19.0 and AMOS 20.0. Results: The modified model was a good fit for the data. Tests on significance of the pathways of the modified model showed that nine of the 14 paths were supported, and the explanatory power of posttraumatic growth by included variables in the model was 69.2%. For posttraumatic growth among psychiatric nurses, deliberate rumination had a direct effect as the variable that had the largest influence. Indirect effects were found in the order of hardiness, social support, and distress perception. Self-disclosure showed both direct and indirect effects. Conclusion: A strategy to improve deliberate rumination is necessary when seeking to improve posttraumatic growth among psychiatric nurses. Enhancing psychiatric nurses' hardiness before trauma would enable them to actively express negative emotions after trauma, allowing them to receive more social support. This would improve deliberate rumination and consequently help promote psychological growth among psychiatric nurses who have experienced trauma.

The Impact of Financial Development on Economic Growth: Empirical Evidence from Transitional Economies

  • NGUYEN, Phuc Tran;PHAM, Trinh Tuyet Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.11
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    • pp.191-201
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    • 2021
  • This article examines the role of financial development in economic growth in a number of transitional economies where the financial systems were newly established or reformed only in the early 1990s to facilitate their transition from centrally planned economies to market-based ones. Based on a dataset collected from 29 transitional economies and 5 Asian developing economies covering the period 1990-2020, an empirical endogenous growth model is specified and estimated using the generalized method of moments (GMM). Three measures of financial development are used to investigate the relative role of the banking system and stock exchange market in the process of transition and growth. The results show that the three measures of financial development are crucial determinants of economic growth in transitional economies but the link seems to be in an inverted U-shape. This suggests the existence of thresholds for different channels of the financial sector to expand to positively influence growth. When becoming too large relative to the size of the economy, the financial system would have become a factor not conducive to growth. The growth convergence hypothesis is also confirmed and the impacts of other growth determinants are overall consistent with the extant literature.

Development of the Substrate Utilization and Respiration Model by the Step Growth Concept (단계별 성장 개념의 기질 이용과 미생물 호흡모델 개발)

  • Kim, Youn Kwon;Seo, In Seok;Kim, Hong Suck;Kim, Ji Yeon
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.26 no.4B
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    • pp.433-437
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    • 2006
  • Recently, mathematical modeling for the activated sludge process is important to design and control of wastewater treatment plant. Nevertheless, there is a lack of information regarding the pathway of substrate utilization between external and internal substrates in biological nutrient removal (BNR). In this research, a new activated sludge model (step growth model) is proposed and compare with ASM No.3. This model structure is consist of five processes; aerobic storage, growth on external substrate and stored intercellular storage compounds (ISCs), endogenous respiration and aerobic respiration of ISCs. The predicted results by the step growth model were more good accordance with the results of oxygen utilization rate (OUR) and TCOD experiment than that of the ASM No.3.

An Economic Impact Analysis of the Post-2012 Policy Portfolio, Utilizing the Global Dynamic CGE Model (동태 글로벌 CGE 모형을 활용한 정책 포트폴리오의 Post-2012 경제적 파급효과 분석)

  • Kim, Suyi;Cho, Gyeong Lyeob;Yoo, Seung Jick
    • Environmental and Resource Economics Review
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    • v.18 no.4
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    • pp.587-635
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    • 2009
  • The purpose of this study is to develop the Global Dynamic Computable General Equilibrium Model (Global CGE Model) in order to produce an economic impact analysis, including prospective obligations for the Post-2012 regime. This model explores the impact of an international emissions trading market and macroeconomic variables such as GNP, consumption, investment, imports and exports, in accordance with potential increased obligations on the Republic of Korea. Distinguishing it from existing studies, this Global CGE Model divides the global community into major economic groups, and in the capacity of the analyzed global model, reflecting the principle nations' macroeconomic indicators through the theoretical approach of endogenous growth theory. Policies such as an emissions trading scheme and carbon tax are reflected in the model. Also, in particular, the model reflects exogenous technological advances. According to this analysis, the stronger the greenhouse gas reductions, the greater the adverse effects on the economy; among macroeconomic indicators that appear, a significant decline is realized in the balance of trade, along with a significant decrease in investment and consumption. Energy dependence, in particular, plays a large role-varying in degree by industry type-, as greenhouse gas reductions would have a greater impact on energy-intensive industries. Furthermore, if Korea, currently recognized as a developing country, is given the obligation to reduce greenhouse gas emissions, competing countries such as China and other developing countries will be given an advantage.

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An Empirical Estimation on Contributions of Education Level to Economic Growth by (한국의 교육이 경제성장에 미친 영향 분석;내생성장모형과 $1975{\sim}'04$년간 자료를 이용하여)

  • Jang, Chang-Won
    • Proceedings of the Population Association of Korea Conference
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    • 2006.12a
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    • pp.113-128
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    • 2006
  • The main theme of this paper was to investigate the role of education as a source of economic growth in Korea. In this study, first, the objective mode was built by extending neoclassical Solow growth theory. Second, the capital deepening typical of an endogenous economic per-capita growth model was developed empirically for seven East-Asian economies as for the medium term, during $1975{\sim}2004$. And then we found the meaning of coefficients of growth factors, direct relative contribution of each input to per-capita growth in seven East-Asian countries, relative indirect contribution of education to per-capita growth in Korea, accounting for difference due to accumulation in Korea. The indirect relative contributions of secondary and higher education and R&D to per-capita growth change the results somewhat. Secondary education is still the largest single contributor 83.6 percent of predicted growth is due to secondary school enrollment in Korea. Primary education comes second with 37.5 percent and followed by higher education at -52.9 percent. Physical investment gives 62.3 percent and unimproved raw labor contributes only -1.4 percent.

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