• 제목/요약/키워드: policy and economics

검색결과 2,400건 처리시간 0.025초

China's Economic Policy Uncertainty Shocks and South Korea's Exports: A TVP-VAR Approach with an SMSS Structure

  • Liu, Lin;Zhang, Manman;Li, Wei
    • Journal of Korea Trade
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    • 제24권4호
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    • pp.1-17
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    • 2020
  • Purpose - Since China has been South Korea's biggest export destination, uncertainty shocks originating from it would influence South Korea's exports. This paper evaluates the effects of China's economic policy uncertainty on Korea's exports to explore the transmission channels. Design/methodology - Incorporating endogeneities and nonlinearities, this study employs a quarterly time-varying parameters vector autoregressive model to investigate the relationships between China's economic policy uncertainty and Korea's exports, where the overparameterization due to time-varying specifications is overcome by a novel stochastic model specification search framework. According to previous theoretical studies, this paper assesses two channels, demand shock channel and exchange rate channel, through which foreign uncertainty affects Korea's exports. This paper identifies the primary drivers of Korea's aggregate exports and analyzes the rationales for the time-variant impacts of China's economic policy uncertainty on Korea's exports to China. Findings - Our empirical results reveal that Korea's aggregate exports are less responsive to China's economic policy uncertainty shocks and significantly move together with global demand. In contrast, its bilateral exports to China are highly responsive in a negative and time-variant way. Moreover, Chinese investment is an important channel through which China's economic policy uncertainty affects Korea's exports to China after 2010. Further, the time-variant effects of China's economic policy uncertainty on Korea's exports to China are related to changes in China's foreign trade policies, global economic conditions, and China's degree of economic freedom. Originality/value - Few previous studies touch the effects of external uncertainty shocks on South Korea's exports. This paper attempts to fill this gap and explicitly investigate the impacts of China's economic policy uncertainty on Korea's exports from a time-varying perspective. As Korea is an export-oriented economy, this study provides insights for the Korean government to understand the transmissions of external uncertainty better.

실물옵션 적용을 위한 산업별 기초자산 확률과정추정 (Identification of the Movement of Underlying Asset in Real Option Analysis: Studies on Industrial Parametric Table)

  • 이정동;강아리;정종욱
    • 기술경영경제학회:학술대회논문집
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    • 기술경영경제학회 2004년도 제24회 동계학술대회 논문집
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    • pp.222-245
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    • 2004
  • This paper has an intention of proposing useful parametric tables of each industry group within Korea. These parametric tables can be insightful criteria for those who are dealing with the exact valuation of company, technology or industry through Real Option Analysis (ROA) since the identification of the movement of underlying asset is the very first step to be done. To give the exact estimations of parameters and the most preferred model in each industry group, we cover topics on ROA, stochastic process, and parametric estimation method like Generalized Method of Moments (GMM) and Maximum Likelihood Estimation (MLE). Additionally, specific industry groups, such as, Internet service group and mobile telecommunication service group defined independently in this paper are also examined in terms of its property of movement with the suggesting of the most fitting stochastic model.

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Demographic Trends and the Methods of their Regulation in the Republic of Kazakhstan

  • Nurlanova, Nailya K.;Meldakhanova, Marziya K.
    • The Journal of Asian Finance, Economics and Business
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    • 제2권3호
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    • pp.23-32
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    • 2015
  • The aim of this work is to study the specifics of demographic processes in the Republic of Kazakhstan and to justify proposals concerning improvement of tendencies and methods of realizations of demographic policy in the country. The following methods have been used in this study: the principles of system approach; methods of statistical and comparative economic analysis, sociological analysis; method of expert evaluations; generalization and system analysis. Statistical method is based on the accountability of statistics office of the Ministry of National Economy of the Republic of Kazakhstan (RK) and on the results of sociological studies. The official statistic information, materials of the population census of the RK, materials of the Ministry of Health and Social Development of RK, data from author's studies, carried out in the Institute of Economy of science committee of Ministry of Education and Science of the Republic of Kazakhstan were used in this study. The conclusion about positive tendencies in demographic processes and about necessity of improvement of demographic policy was made. A number of proposals and recommendations concerning creation of favorable social and economic conditions for improvement of demographic situation, enhancement of institutional basis of demographic policy, forms and methods of its realization considering priorities of future development of Kazakhstan were justified.

The Association between Fair Hiring Policy and Employee Job Satisfaction: Theoretical Approach in the Literature Analysis

  • PARK, Hyun-Young
    • 동아시아경상학회지
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    • 제9권2호
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    • pp.43-54
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    • 2021
  • Purpose - This study aims to build other studies and research on the perception and association of fair hiring policy and employee job satisfaction. The reviews and further research of the performance appraisal and employee satisfaction topics provided a basis to conduct this study based on the challenges that result from equality hiring perception on the performance appraisal on the job satisfaction by employees. Research design, data, and methodology - The author collected many textual contexts from mostly peer-reviewed academic journals, which means that academic comprehensive integrity can be obtained by qualitative approach for this study with discussing and following a constructive review analysis. The content analysis aims to determine a textural dataset in the longtime frame from the newest textural information. Result - There is little doubt that this study was significant and relevant to the relationship between fair hiring policy and worker's job satisfaction, indicating that an organization that practices a fair hiring policy positively affects employee job satisfaction. After all, the employee needs are well catered for and meet appropriately. Conclusion - This study suggests that fairness extensively relies on the organization's ability to identify and eliminate any form of performance challenges regarding equity and has proved and determined the significant relationship between fair hiring policy and employees' job satisfaction

저탄소녹색성장정책과 녹색생활양식, 가족에 대한 실천적 함의와 전망 (The Low Carbon & Green Growth Policy and Green Life-Style, The Practical Implication and Vision on Family)

  • 최연실;성미애
    • 대한가정학회지
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    • 제49권1호
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    • pp.79-91
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    • 2011
  • The purposes of this study were firstly to explore the practical implications that of 'low carbon and green growth' policy, which is at the top of the Government's agenda provides to family, and secondly to propose some visions for a future based on those implications. The results of this study were as follows: Firstly, in terms of a global perspective, there is now a worldwide trend towards the adoption of 'low carbon and green growth' policies. Secondly, the Government-driven 'green growth policy' demands a total transformation, that is, revolution, not only in terms of our industries, but also in terms of our mentality and ordinary life. Thirdly, the driving force for this life revolution lies in having green life style, and the family is the primary agent for making the green life style a practical reality.

Analysis of Innovative Activity in Regions of Kazakhstan

  • Mukhtarova, Karlygash;Myltykbayeva, Aigul
    • The Journal of Asian Finance, Economics and Business
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    • 제1권4호
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    • pp.23-27
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    • 2014
  • The authors emphasize that the Republic of Kazakhstan is characterized by significant differences in the level of innovation capacity of regions. This article summarizes that the result of the monitoring of innovation potential of the regions are prerequisites for innovation policy adjustments, make it more dynamic, which ultimately contributes to its effectiveness. So, there are substantial differences in the level of innovation potential of the regions in the Republic of Kazakhstan, meanwhile it is noted that most regions' innovative features and potential can be assessed as average. After analysis of previously used methods, it can be concluded that the ranking of the level of innovation potential of regions takes place in the following order: High level of innovative potential: East Kazakhstan (3 matches), Almaty city (2 matches), Pavlodar (2 matches) and Zhambyl regions (2 matches); Low level of innovative potential: Almaty (2 matches), Mangistau (2 matches), West Kazakhstan (2 matches), Kyzylorda oblast (2 matches). In conclusion, it is emphasized that monitoring of innovative potential of regions creates the preconditions for innovation policy adjustments. These adjustments make the policy more dynamic and contribute to its effectiveness in the long run.

중국 가정학회 발달과 현황 (The Development and The Current Condition of Home Economics in China)

  • 문숙재;조성은
    • 대한가정학회지
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    • 제37권2호
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    • pp.73-84
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    • 1999
  • There are a lot of thoughts and ideas for home, family and household in China. These thoughts and ideas hand down to posterity through classics. But, Home Economics in China doesn't have been condition of development. Home Economics in China regularly began to develop from the department of Home Science in a Women's College in SangHae. Talking this opportunity, there were departments of Home Science in many universities and colleges 1919 to 1930. But, the studies of Home Economics was discontinue by The Revolution of Culture. In that time, Home Economics was considered as a false science. In 1979, Home Economics in China began again after enforcement of the Innovation and The Open Door Policy. But up to the present it isn't systematically made up of the studies and the scientific papers of Home Economics. The department of Home Economics is only one in the College of Gillim-Agriculture. But, the objects of study in Home Economics include not only women but also men in China. Also, Home Economics in China is started first in Socialism Countries.

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수소 기술-경제체제로의 이행을 위한 장.단기 시나리오 분석 (Long-term and Short-term Scenarios Analysis for Hydrogen Techno-Economic Regime)

  • 최현도;이민규;박상욱
    • 한국수소및신에너지학회논문집
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    • 제16권3호
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    • pp.296-305
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    • 2005
  • 최근 수소에너지가 환경문제를 해결해 줄 수 있는 대체에너지로 각광받으면서 수소에너지의 사용이 가지고 올 새로운 에너지 체제에 대한 시나리오 연구가 다양하게 수행되고 있다. 수소 기술-경제체제의 가능한 시나리오를 제시하는 것은 미래 사회에서 수소가 에너지 운반체로서 담당하게 될 역할을 명확히 할 수 있음과 동시에 에너지라는 거대한 기술-경제체제의 변화를 위해 현재 수행해야 할 에너지 정책과 전략에 대해 큰 시사점을 줄 수 있기에 의미가 있다. 본 연구는 수소의 생산, 저장 및 운반, 그리고 응용분야에서의 다양한 기술의 SWOT 분석을 통해 가능한 시나리오를 단기와 장기로 나누어 제시했다. 그 결과 앞으로의 수소 기술-경제체제의 구조는 기술적 완성도 뿐 아니라 사회적 수용성, 사회적 적응성 등 외부의 환경변화에도 많은 영향을 받음을 알았다. 그렇기 때문에 수소에너지에 관한 전략과 정책은 이러한 변동을 충분히 고려하면서 결정돼야 한다.

농업 6차 산업화 정책의 우선순위 분석: AHP를 이용하여 (Analysis on the priority of policy programs for 6th industrialization in agricultural sector: using AHP)

  • 박정일;이도경;김성훈
    • 농업과학연구
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    • 제42권4호
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    • pp.461-467
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    • 2015
  • The 6th industrialization is one of the most important policies for Korean agricultural sector, and Korean government allocates the large portion of policy budget to promote the 6th industrialization. However, recently, Korean government has experienced the confusion and inefficiency due to too many policy programs for the 6th industrialization. The purpose of this paper is to analyze the current policy programs for the 6th industrialization and to suggest the several guidelines for the more efficient policy system, including the priority of policy programs for the 6th industrialization. The results of studies present a few findings as follows: First, Korean government should evenly promote the 1st, 2nd, and 3rd industry in agricultural sector. Second, the main agent of the 6th industrialization needs to be the ministry of agriculture, food and rural affairs. Third, the policy resource for the 6th industrialization should be focused on the prominent farmers or enterprises. Forth, the policy programs for the 6th industrialization need to be grouped.