• Title/Summary/Keyword: open economy

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Library Consortia Characteristics Comparative Analysis around the World (해외 주요 도서관 컨소시엄의 운영현황 비교·분석 - 도서관 컨소시엄 전문가와의 면담을 중심으로 -)

  • Kim, Jayhoon;Lee, Eung-Bong
    • Journal of the Korean Society for Library and Information Science
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    • v.50 no.3
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    • pp.491-511
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    • 2016
  • The purpose of this study is to identify and analyze characteristics of library consortia around the world. This study was done by interviewing 5 library consortia experts from 4 developed countries. Findings are each consortium has unique characteristics in purposes, organizations, funding sources, functions and also perception of consortium by experts were different. Experts recognized the value of library consortia as an economy of scale (mainly buying power) and pointed out open access as one of the alternatives for electronic information price increase. This study could improve understanding current status of library consortia around the world.

Critical Factors Affecting Construction Price Index: An Integrated Fuzzy Logic and Analytical Hierarchy Process

  • NGUYEN, Phong Thanh;NGUYEN, Quyen Le Hoang Thuy To
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.197-204
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    • 2020
  • Nowadays, many construction engineering and technology enterprises are evolving to find that prosperity is driven and inspired by an open economy with dynamic markets and fierce multifaceted competition. Besides brand and product uniqueness, the ability to quickly provide customers with quotes are matters of concern. Such a requirement for prompt cost estimation of construction investment projects with the use of a construction price index poses a significant challenge to contractors. This is because the nature of the construction industry is shaped by changes in domestic and foreign economic factors, socio-financial issues, and is under the influence of various micro and macro factors. This paper presents a fuzzy decision-making approach for calculating critical factors that affect the construction price index. A qualitative approach was implemented based on in-depth interviews of experts in the construction industry in Vietnam. A synthetic comparison matrix was calculated using Buckley approach. The CoA approach was applied to defuzzified the fuzzy weights of factors that affect the construction price index. The research results show that the top five critical factors affecting the construction price index in Vietnam are (1) consumer price index, (2) gross domestic product, (3) basic interest rate, (4) foreign exchange rate, and (5) total export and import.

Proposed Open Source Model for Video Offline Distribution using Cinema DRM for Home Users

  • Pardeshi, Sunil;Kwon, Soon Chul;Lee, Seung Hyun;Hamacher, Alaric
    • International Journal of Internet, Broadcasting and Communication
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    • v.7 no.1
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    • pp.10-14
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    • 2015
  • Video Content owners seek to squeeze the maximum amount of revenue from their assets via distribution into more territories. Digital Cinema Package(DCP), trusted solution to distribute protected content to theaters, caters to relatively small user base, which limits revenue. With the growth of the Internet & other digital media, the economics of media content has changed dramatically. Security remains main concern to deliver content to millions of consumers using intelligent digital display devices like Tablets, Smartphones, Smart TVs, Desktop & Laptop. By making the video content available to this segment securely, content owners will benefit from increased revenue. Through this paper we propose Open Source HomeDCP model to distribute the content to home users for offline viewing. We propose to include other open source CODEC than JPEG2000/MPEG2, which are specifically designed for theatrical performance. Final image size will be further reduced considering the display device resolution where video will be finally played. Key Delivery Message(KDM) system to be altered to suit new devices. This will be a big boost to Content Economy as content owners would be able to distribute the content securely to the wider audience & ensure more revenue.

Impact of International Trade Cooperation and Distribution on Foreign Direct Investment: Evidence from Vietnam

  • NGUYEN, Chi Dieu Thi
    • Journal of Distribution Science
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    • v.20 no.4
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    • pp.77-83
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    • 2022
  • Purpose: This study aims to find the impact of international trade cooperation and distribution on foreign direct investment (FDI). The study also tests the impact of lag variables of trade cooperation and distribution on FDI in the future. Research design, data, and methodology: Autoregressive Distributed Lag model is applied to analyze the impact of chosen variables such as total trade (TRADE), trade openness (OPEN), the exchange rate (EXR), inflation (INF), and gross domestic growth (GDP) on FDI. Quarterly data is collected from Vietnam General Statistic Office, Vietnam General Department of Customs, International Monetary Fund, and The World Bank from 2006 to 2020. Stata 14 software is used to analyze the regression and test variables. Results: The findings indicate that TRADE, OPEN, INF, GDP, and their lags affect both positively and negatively on FDI in different periods. While OPEN still expresses an unclear impact on FDI. Moreover, this study proves that the FDI of a nation is influenced by international cooperation. Conclusions: This study indicates the importance of international trade cooperation and distribution in not only attracting foreign investment sources but also developing the economy. Findings are necessary bases for governments or authorities in signing international trade agreements in the future.

A Test on the Efficiency of Monetary Policy in Korea (한국 통화정책의 효율성 검정)

  • Cho, Seonghoon;Huh, Hyeon-seung;Woo, Hee Yeul
    • KDI Journal of Economic Policy
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    • v.29 no.2
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    • pp.117-133
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    • 2007
  • This paper evaluates the efficiency of monetary policy in Korea within the framework of interest rate feedback rules. For this, a small open macroeconomic model is constructed in a similar fashion to Ball (1999). The model is shown to capture key features of the Korean economy well. Using this estimated model, optimal instrument rules are derived for a set of different monetary policy objectives. Empirical results find that the actual monetary policy in the class of instrument rules was not very effective in stabilizing the output gap relative to inflation. However, seemingly successful inflation stabilization observed in the data are not consistent with the policy rules as the reaction of the interest rate to inflation is very low. It also appears that the central bank did not react right to movements in the real exchange rate. This paper offers some suggestions for the conduct of monetary policy in Korea.

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Light-weight Design and Simulation of Automotive Rear Bumper Impact Beam Using Boron Steels (보론강을 이용한 리어 범퍼 임팩트빔의 경량 설계 및 해석)

  • Kim, Kee-Joo;Han, Chang-Pyung;Lim, Jong-Han;Lee, Young-Suk;Won, Si-Tae;Lee, Jae-Woong
    • Transactions of the Korean Society of Automotive Engineers
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    • v.20 no.2
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    • pp.98-102
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    • 2012
  • Increasing the fuel economy has been an inevitable issue for the development of new cars, and one of the important measures to improve the fuel economy is to decrease the vehicle weight. In order to obtain this goal, the researches about lighter, stronger and the well impact absorbing bumper impact beam have been studied without sacrificing bumper safety. In this study, the overall weight reduction possibility of rear bumper impact beam could be examined based on the variation of frontal, offset and corner impact crash capability by substituting a ultra high strength steel material (boron steel ) having tensile strength of 1.5 GPa grade instead of conventional steels. In addition, the section variations (open section, closed section, open section with 5 stays) of the bumper impact beam structure were examined carefully. It could be reached that this analysis could be well established and be contributed for design guide and the optimum design conditions of the automotive rear bumper impact beam development.

A Critical Review on Open, Useful, Reusable Government Data Index by OECD with Level of Domestic Open Government Data : Focusing on Comparison with Open Data Barometer (국내 공공데이터 개방수준을 통해서 본 OECD의 Open, Useful, Reusable Government Data Index에 대한 비판적 논의: Open Data Barometer와의 비교를 중심으로)

  • Seo, Hyung-Jun
    • Informatization Policy
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    • v.24 no.2
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    • pp.43-67
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    • 2017
  • In 2015, Korea won the first place among 30 countries in Open, Useful, and Reusable (OUR) Data Index, which is an OECD's open government data indicator. On the other hand, Korea was ranked the 17th among 86 countries in Open Data Barometer (ODB) of World Wide Web Foundation. In this study, the research subject comes from two reasonable academic doubts on why the gap is wide between the two indicators of Korea and whether the OUR Data Index made proper evaluation on Korea's open government data. Based on the assumption that there may be some critical points in the measuring method of OUR Data Index, the study conducted a comparison of the two indicators. The result found that first, the two indicators almost had no correlation to each other; second, OUR Data Index had a more vague evaluation framework as well as less amount of government data for evaluation than ODB; third, while the government support takes a significant share in the OUR Data Index, it is considered as a mere input element; and fourth, the OUR Data Index does not evaluate the impact of open government data, whereas ODB includes the impact of open data on the government, economy, and society.

Does the Gap between Domestic and International Gold Price Affect Money Demand?: Evidence from Vietnam

  • TUNG, Le Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.163-172
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    • 2019
  • The paper aims to investigate the impact of the gap between domestic and international gold price on money demand in Vietnam, an emerging economy in the Asian region. We use a quarterly database collected from the first quarter of 2004 to the fourth quarter of 2016. The time-series database includes 52 observations. The money demand is represented by M2; Domestic income is the Gross domestic product at the constant prices of 1994; Inflation rate is calculated by the Customer Price Index from the General Statistics Office of Vietnam. The result confirms the existence of a long-term cointegration relationship between the money demand and the gap between domestic and international gold price as well as some variables including domestic income, inflation, and real exchange rate. The regression results also show that the gap between domestic and international gold price has a positive impact on money demand in the Vietnamese economy. Besides, the domestic income and international gold price have positive impacts on money demand while the inflation and real exchange rate are negatively related in the long run. This proves that the gap between the domestic and international gold price really has a positive impact on money demand in Vietnam during the study period.

Estimating Quarterly GRDP Using Benchmarking Method (벤치마킹방법을 이용한 분기 GRDP의 추정)

  • Lee, Geung-Hee
    • The Korean Journal of Applied Statistics
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    • v.22 no.1
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    • pp.75-88
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    • 2009
  • Gross Regional Domestic Product (GRDP) is regarded as an essential information to understand regional economy. However, GRDP is hardly used for establishment of regional economic plan and related statistical research due to its late and yearly publication. Therefore, it is necessary to estimate quarterly GRDP to grasp the current regional economy faster In this study, considering the comovement between GDP and GRDP for the same industry, reference series are made. Quarterly GRDP is estimated the following two steps; First, preliminary quarterly GRDP is estimated using Chow-Lin's method based on the reference series to eliminate temporal discrepancies. Second, preliminary quarterly GRDP is adjusted using Denton's multivariate method to eliminate contemporaneous discrepancies.

Studies on Supply and Demand Paradox in Shipping Market

  • Kim, Jin-Hwan
    • The Journal of Industrial Distribution & Business
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    • v.10 no.1
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    • pp.19-27
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    • 2019
  • Purpose - The purpose of the paper is to examine disconnection between supply and demand shipping market, which means shipowner has determined to raise capacity in bust period. Research design, data, and methodology - The research method to be applied is first to look into conceptual theory about shipping market, and then to study imbalance of supply and demand situations in shipping on crisis, and next, to analyses paradoxical aspects traced. Results - Shipping market is a volatile and cyclic characteristics, and its situations have to be examined very carefully. Since financial crisis has broken up in 2008, it is natural to think that world trade volumes has reduced rapidly, which means demand for shipping service has fallen, and accordingly, tonnage should be stagnated as well. However, shipping companies have put capacity into market as unexpectedly. This is because of economy of scale and time lag. Here, this can be explained in terms of paradox that is proved in this paper. Conclusions - From careful research in this paper, it is found that supply and demand are not always got along with market situations, in other words supply side could be working well, in spite of depression time of demand situations in world shipping markets.