• Title/Summary/Keyword: national economic development

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Technological Achievements and Economic Development: The Significance of Technological Achievement Gap in Selected East and South Asian Countries

  • Ali, Tariq Mahmood
    • STI Policy Review
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    • v.8 no.1
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    • pp.113-156
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    • 2017
  • Although technological progress is considered a key element for economic growth and development of a country, strong empirical evidence in this regard is not available yet. Therefore, to establish the empirical link between technology progress and economic development, it is advisable to carry out a time series analysis. In this regard, the Technology Achievement Index (TAI) of 100 top economies has been developed to examine the position of countries' technological progress for the 21 years spanning 1995 to 2015. Countries have been ranked on their TAI which is based on four pillars; technology creation, diffusion of older innovations, diffusion of recent innovations, and development of human skills. As well, this current study re-calculates the Humane Development Index (HDI) of 100 top economies for the 21 years from 1995 to 2015. Ranking of countries' HDI values reflects three dimensions: A long lifespan (life expectancy index), knowledge (Education Index) and a decent standard of living (Gross National Income Index, or GNI). The Standard Deviation (SD) technique has been used to investigate the technological gap between individual countries and groups of countries or regions. For a more meaningful assessment, technological gaps from the maximum achievement value (i.e., one of the countries under study) are presented as well. To investigate the impact of technological progress on economic development, this study introduces a model in which the HDI is used as the dependent variable and the TAI and Gross Capital Formation (GCF) are used as independent variables. The HDI, TAI and GCF are used in this model as proxy variables for economic development, technological progress and capital respectively. Econometric techniques have been used to show the impact of technological progress on economic development. The results show that long-term associations exist between technology progress and economic development; the impact of technology progress on economic development is 13.2% while the impact is 4.3% higher in eight selected East South Asian countries, at 13.5%, than in eight selected highly developed countries (9.2%).

The Impact of the Incheon Free Economic Zones on Regional Disparities in Incheon (인천 경제자유구역이 인천시 자치구(군)간 지역불균형에 미치는 영향분석)

  • Kim, Bora;Choi, Jinmu
    • Journal of the Economic Geographical Society of Korea
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    • v.17 no.1
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    • pp.86-97
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    • 2014
  • Incheon Free Economic Zone is the first free economic zone specified in 2003 in Korea. Previous research on the Free Economic Zone has focused on the activation of the free economic zone or foreign investment issue at the level of the national economic plan. Related to the development of a free economic zone, studies are currently insufficient on the relevance of the local economy, the development of linkages with hinterland, and the balanced regional development. Therefore, this study tried to investigate the impact of Incheon Free Economic Zone to the local economy through analyzing the causes and characteristics of the imbalance between the regions in Incheon by comparing before (1996~2002) and after (2003~2009) of the Incheon Free Economic Zone legislation (2003). The result shows that development of the free economic zone has not been connected to the local economy activation and the ripple effect on the old town in Incheon. Further, the construction of a large apartment and infrastructure in the free economic zones have increased the disparity between the free zones and the old town.

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The study about analysis of economic factor according to development of foodservice industry in Korea -centering around the improvement of culture life according to economic development- (국내 외식산업 발전의 경제적 환경요인 분석에 관한 연구 -경제발전에 따른 문화생활 향상을 중심으로-)

  • 박기용
    • Journal of Applied Tourism Food and Beverage Management and Research
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    • v.7
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    • pp.139-164
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    • 1997
  • Since the middle of 80's, foodservice industry has steadily developed, as the national income has been increased in correspondence with economic growth. We can figure that the improvement of culture life such as the improvement of culture life such as the conspicuous trend forward nuclear families, increasing double income family and the rate of holding car, has had something close to do with development of foodservice industry in the such economic development. Therefore, this study is to analyze foodservice industry playing an important role in the culture life and the influence of culture life improvement to foodservice industry, directly or indirectly, in accordance with the brilliant economic development in Korea.

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Single Cell Oil Production from Undetoxified Arundo donax L. hydrolysate by Cutaneotrichosporon curvatus

  • Di Fidio, Nicola;Liuzzi, Federico;Mastrolitti, Silvio;Albergo, Roberto;De Bari, Isabella
    • Journal of Microbiology and Biotechnology
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    • v.29 no.2
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    • pp.256-267
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    • 2019
  • The use of low-cost substrates represents one key issue to make single cell oil production sustainable. Among low-input crops, Arundo donax L. is a perennial herbaceous rhizomatous grass containing both C5 and C6 carbohydrates. The scope of the present work was to investigate and optimize the production of lipids by the oleaginous yeast Cutaneotrichosporon curvatus from undetoxified lignocellulosic hydrolysates of steam-pretreated A. donax. The growth of C. curvatus was first optimized in synthetic media, similar in terms of sugar concentration to hydrolysates, by applying the response surface methodology (RSM) analysis. Then the bioconversion of undetoxified hydrolysates was investigated. A fed-batch process for the fermentation of A. donax hydrolysates was finally implemented in a 2-L bioreactor. Under optimized conditions, the total lipid content was 64% of the dry cell weight and the lipid yield was 63% of the theoretical. The fatty acid profile of C. curvatus triglycerides contained 27% palmitic acid, 33% oleic acid and 32% linoleic acid. These results proved the potential of lipid production from A. donax, which is particularly important for their consideration as substitutes for vegetable oils in many applications such as biodiesel or bioplastics.

Determinants of economic impact of regional regeneration program (지역재생사업 파급효과의 결정요인)

  • Kim, Eui-June;Jeong, Da-Woon;Park, Joo-Hyung
    • Journal of Korean Society of Rural Planning
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    • v.16 no.4
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    • pp.131-138
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    • 2010
  • The purpose of this paper is to identify the determinants of spillover effects of regional regeneration projects. This finds that the effects are positively determined by population sizes of regions and degree of industrial specialization of regeneration related industries. In particular, the improvement of accessibility through the development of transportation infrastructure facilities can contribute to increases of economic impacts of regeneration projects of high-income regions on the lagged regions. Microeconomic approaches and dynamic modelling need to be integrated for this impact analysis as further research fields.

Economic Consequences of the Impact of War on Labor Resources and Tourism in Terms of Ensuring Economic Security

  • Krupa, Oksana;Krupa, Volodymyr;Dydiv, Iryna;Horpynchenko, Olha;Kovalenko, Snizhana
    • International Journal of Computer Science & Network Security
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    • v.22 no.7
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    • pp.117-122
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    • 2022
  • The main purpose of the article is to determine the economic consequences of the impact of war on labor resources and tourism in terms of ensuring economic security. Today, in the context of Russia's invasion of the territory of Ukraine, an important aspect of people's lives is confidence in their safety. But no less important is the provision of economic security, its impact on the labor and tourism aspects of this type of security, the negative impact on which is carried out under the influence of war. Modern society is faced with the same problems that were a hundred years ago: technological progress, the balance of power in the world community, social problems, military conflicts. In the modern development of society, no one can deny the amazing scientific progress in new technologies and communications.That is why it is important to understand how dangerous war is not only for human life, but also for the economy of the state, its labor and tourism aspects.

A Study on the Mutual Effect between Small & Medium-sized Enterprises and Economic Growth: Evidence from Alibaba Group and City of Hangzhou

  • He, Yugang
    • Asian Journal of Business Environment
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    • v.9 no.2
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    • pp.27-34
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    • 2019
  • Purpose - From the advanced path of development and current situation, the development of enterprises plays a tremendous role in promoting national economic growth and raising the overall national strength. Therefore, this paper aims at examining the mutual effect between small & medium enterprises and economic growth. Research design, data, and methodology - In order to address the operating mutual effect between the small & medium enterprises and economic growth more clearly, this paper sets Alibaba Group and Hangzhou as an example. Meanwhile, the annual data from 2000 to 2017 will be employed, and an empirical analysis will be performed under the vector error correction model. Results - The findings display that the total revenue of Alibaba Group has a positive effect on economic growth in city of Hangzhou. However, the Granger Causality test implies that there is only a unidirectional causality between total revenue of Alibaba Group and economic growth in Hangzhou. More specifically, 1% increase in total revenue of Alibaba Group can result in 0.272% in economic growth of Hangzhou in the long run. Conclusions - In summary, for the long run, the local governments should promulgate a series of policies to assist the small & medium enterprises like Alibaba Group to improve the local economic growth as seen in the city of Hangzhou.

Logistics network and economic development in China (중국의 물류네트워크 및 경제발전)

  • Li, Kevin;Qi, Guanqiu
    • Journal of Korea Port Economic Association
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    • v.31 no.1
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    • pp.171-188
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    • 2015
  • Logistics network has been increasingly acknowledged as one of the important driving force for economic development in China. With the scope of logistics effect broadening and the development of logistics infrastructure, both logistics network and economy in terms of GDP in China has experienced rapid development hand in hand. This paper investigates the relationship between logistics network and economic growth, using a dataset covering 31 provinces over the period from 2003 to 2012 in China. Factor analysis is applied to obtain a total evaluation of logistics function defining the impact of logistics network on the national economy growth. According to fixed effect panel data approach, a significant and positive impact of logistics network on economic growth in China is found, meanwhile, a comparative analysis regarding economic development between coastal provinces and interior provinces is also conducted. The results suggest that the impact of logistics network on economic growth is higher in eastern provinces than that in western provinces. The policy implication for other nations, in particular for developing nations, is logistics network should be regarded as an important driving force for economic development, and investment should be made in advance to achieve the best efficiency in economic development and planning.

The exfoliation of irradiated nuclear graphite by treatment with organic solvent: A proposal for its recycling

  • Capone, Mauro;Cherubini, Nadia;Cozzella, Maria Letizia;Dodaro, Alessandro;Guarcini, Tiziana
    • Nuclear Engineering and Technology
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    • v.51 no.4
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    • pp.1037-1040
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    • 2019
  • For the past 50 years, graphite has been widely used as a moderator, reflector and fuel matrix in different kinds of gas-cooled reactors. Resulting in approximately 250,000 metric tons of irradiated graphite waste. One of the most significant long-lived radioisotope from graphite reactors is carbon-14 ($^{14}C$) with a half-life of 5730 years, this makes it a huge concern for deep geologic disposal of nuclear graphite (NG). Considering the lifecycle of NG a number of waste management options have been developed, mainly focused on the achievement the radiological requirements for disposal. The existing approaches for recycling depend on the cost to be economically viable. In this new study, an affordable process to remove $^{14}C$ has been proposed using samples taken from the Nuclear Power Plant in Latina (Italy) which have been used to investigate the capability of organic and inorganic solvents in removing $^{14}C$ from exfoliated nuclear graphite, with the aim to design a practicable approach to obtain graphite for recycling or/and safety disposed as L& LLW.

Integrated Model of the Higher Education Financing Under the Quadruple Helix Concept

  • Kholiavko, Nataliia;Zhavoronok, Artur;Shaposhnykov, Kostiantyn;Krylov, Denys;Morozova, Liudmyla;Babiak, Nataliia
    • International Journal of Computer Science & Network Security
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    • v.21 no.7
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    • pp.125-132
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    • 2021
  • Rapid growth of the higher education role in ensuring the socio-economic and innovative development of the national economy in the context of the development of the information society and the knowledge economy is observed. Achieving positive synergistic effects of the higher education development requires proper funding for university education and research. The existing funding models for national higher education systems in a number of developing countries need modernization in accordance with the modern challenges of economic and innovative development. The purpose of the article is to formulate theoretical - methodological and applied foundations for the development and implementation of the integrated model of the higher education financing under the Quadruple Helix concept. At the center of the developed model are the areas of interaction identified by the authors, namely: Personnel, Science, Management, Innovation, Social area. This made it possible to specify the interests of all stakeholders and orient the activities of higher education institutions to the satisfaction of these interests. Effective implementation of the integrated Model of the higher education financing requires increasing the level of investment attractiveness and practical value of university research; activation of innovative development of enterprises; state stimulation of business participation in university research and education; harmonization of current legislation with EU standards. Implementation of the Model will diversify sources of funding for universities, increase their level of economic security and achieve integrated synergies from the interaction of universities, business, government and the public (as the main stakeholders within the Quadruple Helix concept).