• Title/Summary/Keyword: foreign goods

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Impact of Foreign Direct Investment and International Trade on Economic Growth: Empirical Study in Vietnam

  • NGUYEN, Hieu Huu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.3
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    • pp.323-331
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    • 2020
  • The study aims to assess the impact of foreign direct investment (FDI) and international trade (export and import) on Vietnam's economic growth for the 2000-2018 period. Secondary data is taken from the General Statistics Office of Vietnam. Ordinary least-square method is used in analyzing the impact of FDI, export and import on economic growth of Vietnam. Empirical test results show that FDI and international trade are related to Vietnam's economic growth. However, each economic variable has a different impact. FDI has a positive and statistically significant influence on economic growth of Vietnam. Export also has positive and statistically significant impact to the economic growth, while import has a negative but not statistically significant effect. The result is useful for the policy makers of Vietnam on foreign economic relations. In order to improve the effect of FDI and international trade on growth of the economy, the government of Vietnam should: (1) continue applying preferential policies to attract FDI; (2) select foreign investors aiming to quality, efficiency, high technology and environmental protection; (3) continue pursuing export-oriented policy; (4) enhance the added value of exported goods and control the type of imported goods; (5) further liberalize trade through signing and implementation of international trade commitments.

Testing on the Efficiency of Korean FX Market Implemented by USD, JPY, GBP, and EURO (한국의 외환시장 효율성 검정 - 미국, 일본, 영국, 및 유로지역과의 비교를 중심으로 -)

  • Rhee, Hyun-Jae
    • International Area Studies Review
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    • v.13 no.1
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    • pp.103-122
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    • 2009
  • The paper is basically designed to investigate any existence of co-movement among foreign exchange market, goods market, and monetary market implemented by relative PPP and interest rate parity. And, rational expectation and GARCH-M model are employed for an empirical application. The result revealed that since the co-movement among the markets is hardly found, an efficiency of foreign exchange market is independent from any shocks from the goods market and the monetary market. Whereas, the exchange rate is strongly effected by a real interest rate parity. To this end, the real interest rate should be a key policy instrument to stabilize the foreign exchange market.

Development of Korean Cybersecurity Goods Menu (Korean Cybersecurity Goods Menu 개발)

  • Park, Dea-Woo
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2015.10a
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    • pp.266-267
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    • 2015
  • The information security (information security knowledge) industry is technology-intensive, high value-added industries. South Korea's response has excellent ICT skills and experience and skills in a variety of cyber attacks, has become a benchmark in the world. However, the small size of the domestic information security company, supporting infrastructure is lacking. Domestic information security industry is the primary condition to activate the export. In order to export it is necessary to develop for the Korean Cybersecurity Goods Menu for products, services and technologies of the domestic information security industry. Buyer Menu as well as foreign and domestic Seller, companies and governments know the details of the assets and product information security industry and is a prerequisite to sell. In this paper, I study the Korean Cybersecurity Goods Menu development.

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Influence of picture presence in reviews on online seller product rating: Moderation role approach

  • Hossin, Md Altab;Mu, Yinping;Fang, Jiaming;Frimpong, Adasa Nkrumah Kofi
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.13 no.12
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    • pp.6097-6120
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    • 2019
  • Online consumer reviews (OCRs) provide product information and recommendations especially pictures in reviews depict the true information about the product. This study investigates the influence of pictured reviews on online seller (for a particular product of a seller) rating with moderating effect of price, brand type (foreign vs local), goods type (experience vs search), and brand familiarity. Multiple robust linear regression analysis with moderation interaction and quadratic effect used to explain the relationship of the explanatory variables with the criterion variable. We collected cross-sectional data from the two most renowned Chinese online shopping platforms (B2C) of total 15,621 product links. Results show that higher number of reviews with a low ratio of picture reviews response negative effect on rating, whereas the lower number of reviews with a high ratio of picture reviews response positive effect on the rating. In overall picture in the reviews improve the online seller product rating. For the moderation effect, results show that price and brand familiarity have a positive interaction effect on the relation of pictured reviews and rating whereas experience goods have less negative effect comparing search goods. Finally, local brand has less negative interaction effect comparing foreign brand to pictured reviews and rating.

A Study on the Seller's Liability regarding Property in Goods on the International Sale of Goods

  • Oh, Won-Suk;Min, Joo-Hee
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.52
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    • pp.3-22
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    • 2011
  • This study examines the seller's liability to transfer the property to the buyer. Even though contracting parties choose CISG as the governing law regulating their obligations and rights by means of their contract, CISG does not concern with the effect generated by the transfer of property. Thus, the issues of the property is settled in conformity with the domestic law applicable by virtue of the rules of private international law. By considering the general rules of the transfer of property in goods under SGA and KCC as the lex rei sitae, the difference of requirements to pass the property between them is analyzed and then the reasons why the transfer of property is importantly considered are discussed. In addition, as CISG does not exclude completely the matters concerning the property and provides the provision like Art 41, the seller's liability to deliver goods free from the third party right or claim is examined under Art 41. Lastly, the practical advice is suggested.

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Development of the Measured Scales for Purchasing Motivation of Inbound Tourists about Fashion Goods (외래관광객의 패션상품 구매동기의 측정척도 개발에 관한 연구)

  • Cho, Ji-Hyun;Suh, Chul-Hyun;Chang, Kyung-Soo
    • Korean Journal of Human Ecology
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    • v.11 no.2
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    • pp.197-209
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    • 2002
  • The purpose of this research was to develop of measured scales for purchasing motivation of inbound tourists about fashion goods. A self-administrated questionnaire survey method was conducted among foreign tourists visited in Dongdaemun market. Data from 615 of inbound tourists were analysed by using factor analysis. As the results of the survey, 6 factors related purchasing motivation were derived; satisfaction, practicality, fashion, memory of tourism, eonomy and impromptu. The adequate indexes were shown from final models, such as RMR=.047, SMSEA =.043, CFI=.935, GFI=.956, AGFI=.937 and NFI=.888. It means that these values are appropriate to the measured scales for purchasing motivation of inbound tourists for fashion goods.

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A study on Furs and Feltry from Ancient to Koryo Korea (고대부터 고려까지 모피물에 관한 고찰)

  • 이춘주
    • Journal of the Korean Society of Costume
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    • v.22
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    • pp.193-204
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    • 1994
  • In this study the characteristics of Korean furs and peltry were discussed in the terms of usage and kinds from the literature survey of the relevant references, The following con-clusions were deduced. From Ancient to Koryo a kind of acient of Korea a lot of furs and peltry were produced and dressed. The leopad of Gochosun Korea was worthy of gold as an expensive goods to China. red dyed pelt of Silla Korea was traded with China and that pelt dyeing tech-nology of that pelt developed. The marten of Koryo was trade to Arabia and an otter skin to Kum Dynasty as loved goods. Korean furs and peltry made a reputation and were used for trading goods with China Japan and Arabia. Tratment technology in Korea became known to foreign country. There is another record that sheep and camels were offered to Koryo by around countries, And that Koryo employed men of Kum Dynasty as a shepherd. From ancient to Koryo Korea had had many kinds of furs of peltry as using goods such as leopard mart otter skin panther bear, manchurian wapili, fox, porpoise rat, mankey, horse, pig, wild bear, goat, cow, cat, dog, tiger, deer, raccoon dog and so on.

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Intermediate Goods Trade and Properties of Business Cycle (중간재 무역과 경기변동 특성에 관한 연구)

  • Kyong-Hwa Jeong
    • Korea Trade Review
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    • v.46 no.5
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    • pp.83-98
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    • 2021
  • This study aims to examine the effects of international trade in intermediate input on the implications of international business cycle properties in Korea. To do this, I have extended standard one goods New Keynesian international business cycle model to incorporate the role of intermediate inputs. After constructing the DSGE model, I have analysed the impulse response function and varian decomposition results. The results show that the model could introduce a new channel, that is, "cost channel" like Eyquem and Kamber (2014). In other words, the model has changed the dynamics of aggregate inflation by the cost channel. When the trade in intermediate goods increase, which is measured by openness of foreign input, the volatility of output, consumption and inflation increase two or three times. However, the model itself fails to explain the full account of cycle behavior of historical data, but the results imply that the trade in intermediate input assumption can help to improve the forecasting ability of international business cycle models.

A Study on the Relationship between FDI Outflows and Export from Korea to India (한국의 대인도 FDI와 수출의 상관관계 연구)

  • Shin-Jou Kim
    • Korea Trade Review
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    • v.47 no.6
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    • pp.173-187
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    • 2022
  • Since the economic reform 1991, Indian has been implementing policies to promote trade and foreign direct investment (FDI). In particular, since the inauguration of the Modi government in 2014, India has created an economic environment in which more FDI can be launched and more jobs created in manufacturing sector. This study aims to analyze between FDI outflows and export from Korea to India. Using the quarter data from 2000 to 2021, this study examines panel regression. From the panel regression result, Korea's FDI outflows to India has a significantly positive impact on the Korea's export into India. Therefore, the relationship between FDI outflows and export from Korea to India is complementary. It is due that Korea's companies invest into India directly for the purpose of construction of production factors, and export capital goods and intermediate goods for producing in the factors. Therefore, for promoting FDI and export between Korea and India, Korean government should do continuous economic cooperation and discussion for the cooperation with Indian government.