• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.555-569
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• 2020

This study examines the impact of corporate tax, a fiscal measure along with trade liberalization and research and development on total factor productivity for a panel of 153 industrial firms listed on the Pakistan Stock Exchange over the period 1997-2017. For empirical analysis, we employ the system generalized method of moment estimator. In the first step, we estimate industrial production function and the results reveal that raw material, industrial labour force and energy play vital role in enhancing industrial production. Whereas, industrial capital exerts negative impact on industrial output. We also measured total factor productivity using the production elasticities. In the second step, we examine the impact of corporate tax, trade liberalization and research and development on total factor productivity. The results indicate that higher level of corporate tax exerts negative impact on total factor productivity. The findings reveal that higher corporate taxation discourages industrial firms to undertake research and development thereby exerting adverse impact on total factor productivity of firms. The impact of trade liberalization proxied by average tariff is positive while customs duty and sales tax negatively impact firm-level total factor productivity. These findings provide useful insights for managers, investors and policy makers in Pakistan.

• Journal of Korea Trade
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• 제23권4호
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• pp.115-130
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• 2019

Purpose - This paper examines the impact of labor market regulations on FDI and the production of foreign firms. Design/methodology - We use an index of employment protection along with data on the FDI and production of foreign affiliates that are provided by the OECD. Findings - The empirical results show that strict employment protection discourages both the production and initial entry of foreign firms, with its impact on production being larger than that on the initial entry decision. The result is robust to various specifications in which instrumental variable estimations are used by applying a unionization rate and a severance pay for redundancy dismissal as instruments, respectively. Therefore, policymakers should not limit their focus to tax incentives, cash grants, and relaxation of market regulations, but they should also extend their attention to labor market deregulation and decreasing non-wage cost to attract more foreign firms into their countries. Originality/value - This paper attempts to answer the question on the impact of employment protection rules on the foreign firm's decisions regarding production as well as initial entry.

• 수산해양교육연구
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• 제27권2호
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• pp.516-525
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• 2015

In this study, Life Cycle Assessment(LCA) was applied to the production processes of waste cooking oil recycling products. Recycling products as defined in the Law of Saving of Resources and Recycling Promotion are biodiesel and soap. Weighting result of biodiesel production process showed that the most significant impact potential was abiotic resource depletion(84.17%) followed by global warming(13.93%). In the case of the soap, the most significant impact potential was also abiotic resource depletion(58.59%) followed by global warming(33.71%). In terms of the whole system of the biodiesel production process, methanol showed the largest environmental impact potential(87.35%). While in the case of the soap, sodium chloride showed the largest environmental impact potential(99.99%). This study suggests that there should be improvement of the methanol recovery system in the biodiesel production process and also appropriate use of the major environmental impact materials in both processes.

• 청정기술
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• 제23권4호
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• pp.388-392
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• 2017

본 연구에서는 통기성 필름의 제조 공정에 대한 환경영향 특성을 분석하기 위해 전과정평가를 수행하였다. 특성화와 정규화 결과, 영향범주 별 환경영향은 지구온난화가 약 97%. 인간독성 2%의 기여도를 나타났다. 주요 기여도는 투입물인 고밀도 폴리에틸렌(HDPE)과 폴리프로필렌(PP) 그리고 에너지인 전력으로 나타났다. 세부 공정에서는 혼합단계(Mixing)가 57%, 부착단계(Lamination) 29% 압출단계(Extruder) 10% 순으로 높은 환경영향 기여도를 보였다. 환경 영향을 개선하기 위해서는 전력 사용량을 감소시키거나 원재료인 HDPE나 PP를 제외한 수율 향상을 고려한 새로운 공정 시스템 설계가 필요하다.

• 한국펄프종이공학회:학술대회논문집
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• 한국펄프종이공학회 2002년도 추계학술발표논문집
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• pp.228-233
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• 2002

In this study, Life Cycle Assessment method has been carried out the Corrugated board box in considering environmental aspects by quantifying the environmental emission and assessing its environmental impact potential. The system boundary in this study is selected from cradle to gate stage(raw material acquisition, raw material production and product manufacturing) of the paper product. To evaluate the environmental impact potential, impact categories are divided into 8 categories. As a results, abiotic resource depletion of the impact categories has the largest contribution to the total impact potential as 31.02% of total, Next were continued ecotoxicity having a contribution of 27.17%. In the life cycle, environmental impacts from law material production stage were contributed largely as 80.78%.

• 한국환경보건학회지
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• 제34권1호
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• pp.62-69
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• 2008

The life cycle assessment method for environmental impact assessment was used, in this study, to assess the production process of wheat flour which is the most important material in the food industry. Environmental impact assessments were compared between that of the Ministry of Environment, Republic of Korea (method I) with that of the Ministry of Commerce, Industry and Energy (method II). Life cycle inventories (LCI) was performed using internal and external databases and the production statistics database of company S. The procedure of life cycle impact assessment (LCIA) was followed in terms of classification, characterization, normalization and weighting to identify the key issues. The impact categories of method I were divided into 8 categories with consideration of : abiotic resources depletion, global warming, ozone depletion, photochemical oxidant creation, acidification and eutrophication. The impact categories of method II were divided into 10 categories with consideration of: abiotic resources depletion, global warming, ozone depletion, photochemical oxidant creation, acidification, eutrophication, human toxicity, freshwater aquatic ecotoxicity, marine aquatic ecotoxicity and terrestrial ecotoxicity.

• Journal of Korea Trade
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• 제27권5호
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• pp.113-136
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• 2023

Purpose - Global production chains and their impacts on economic growth have drawn extensive attention from researchers. Close relationships among global production chains, export and economic growth have been illuminated, as evidenced by the fast and stable economic growth of East Asian economies. These economies perform various roles within global production chains using offshoring, in which the impact of import on domestic gross output is as strong as that of export. The impact of import on economic growth would depend on whether imported inputs substitute or complement domestic inputs production, which is likely to vary according to individual countries' functions within global production chains. The economic growth of concerned countries would also be diverse. However, little attention has been paid to the impact brought by imports compared to its significance. Design/methodology - The principal methodology used in this paper is structural decomposition analysis (SDA), widely chosen to elucidate the impact of various factors on domestic gross output using input-output tables. This paper extracts trade data of six Asian economies from the World Input-Output Database (WIOD) 2016 release that covers 43 countries for the period 2000-2014. The extracted data is then categorised into 37 sectors. First, this paper calculates the Feenstra-Hanson Offshoring Index (OSI) of each country. It then applies SDA to measure the changes in each economy's gross output, export, import input coefficients, and domestic input coefficients. Finally, after taking the first difference from pooled time-series data, it estimates the correlations between imported input coefficients and OSI using the ordinary least square (OLS) method. Findings - The main findings of this paper can be summarised as follows. Firstly, all six countries have increasingly engaged in global production chains, as evidenced by the growing size of OSI. Secondly, there are negative correlations in five countries except Japan, with sectoral differences. Thirdly, changes in import input coefficients are not negative in all six countries, indicating that offshoring does not necessarily substitute for domestic inputs production but does complement it and, therefore, fosters their economic growth. This is observed in China, Indonesia, Korea and Taiwan. Offshoring has led to an increase in the use of imported inputs, which has, in turn, stimulated domestic inputs production in these countries. Originality/value - While existing studies focus on the role of export in evaluating the impact of participating global production chains, this paper explicitly examines the unexplored impact of import on domestic gross output by considering both the substitution and the complementary effect, using the WIOD. The findings of this paper suggest that Asian economies have achieved fast and stable economic growth not only through successful export management but also through effective import management within global production chains. This paper recommends that the Korean government and enterprises carefully choose offshoring strategies to minimise disruption to domestic production chains or foster them.

• Environmental Engineering Research
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• 제24권1호
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• pp.117-126
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• 2019

Activated carbon is carbon produced from carbonaceous source materials, such as coconut shells, coals, and woods. In this study, an activated carbon production system was analyzed by carbonization and activation in terms of environmental impact and human health. The feedstock of wood wastes for the system reduced fossil fuel consumption and disposal costs. Life cycle assessment methodology was used to analyze the environmental impacts of the system, and the functional unit was one tonne of wood wastes. The boundary expansion method was applied to analyze the wood waste recycling process for activated carbon production. An environmental credit was quantified by avoided impact analysis. Specifically, greenhouse gases discharged from 1 kg of activated carbon production system by feeding wood wastes were evaluated. We found that this system reduced global warming potential of approximately $9.69E+00kg\;CO_2-eq$. compared to the process using coals. The environmental benefits for activated carbon production from wood wastes were analyzed in contrast to other disposal methods. The results showed that the activated carbon system using one tonne of wood wastes has an environmental benefit of $163kg\;CO_2-eq$. for reducing global warming potential in comparison with the same amount of wood wastes disposal by landfilling.

• Asian-Australasian Journal of Animal Sciences
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• 제17권1호
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• pp.18-26
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• 2004

This study evaluated the impact of an AI heifer calf rearing scheme on dairy stock development, in a coconut grazing and a peri-urban smallholder dairy production system in the Western Province of Sri Lanka. The heifer rearing scheme included free advice on calf rearing, drugs, acaricides, minerals and subsidised concentrates for 30 months. The farmers in the coconut growing area integrate dairying with their plantation, they sell their milk to the main processors. The peri-urban farmers are intensive milk producers, who sell their milk at informal markets. To estimate the effect of the heifer rearing scheme on dairy replacement stock development, scheme farmers were compared with farmers who did not participate in the scheme. Calf mortality was twice as high in non-scheme farms (23-28%) as in scheme farms (12-14%). The scheme had a positive effect on weight development and scheme heifers calved 4.5 months earlier than non-scheme heifers. The calf rearing package is cost effective in both farming systems, however, the required cash inputs are a major constraint. The costs per in-calf heifer under the scheme are much lower than the production of such animals by either multiplication in state farms or importing them. The coconut grazing system showed the highest potential for producing surplus dairy stock.

• 한국항해항만학회지
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• 제30권4호
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• pp.303-308
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• 2006

This study is designed to analyze the production, employment, value added and income impacts tha, in the event of designation and development of Haeundae as 'Convention, Movie, Marine Leisure Special Zone', its marine sector would have on the local economy. The realization of marine leisure special zone of Haeundae in Busan is expected to lead to a direct and indirect investment of approx. \13.6 billion, resulting in \68.0 billion in production impact, 850 jobs in employment impact, \28.0 billion in value added impact and \14.5 billion in income impact. This is expected to give a boost to a stagnant local economy, offering opportunities for the revival of Busan's tourist industry.