• Journal of Korea Trade
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• v.24 no.8
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• pp.153-170
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• 2020

Purpose - As the US-China trade war intensifies and lasts long time, there is growing concern about its potential effects on the global economy. In particular, for the countries like Korea that have a large economic dependence on the economy of the two countries, the US-China trade war may have a great repercussion in many ways. The aim of this paper is to investigate the global productivity and market structure implications of the US-China trade war for Korea, as well as for other surrounding countries and regions. Design/methodology - In this paper, we develop a full multi-country/region multi-sector computable general equilibrium (CGE) model of global trade incorporating heterogeneous workers and firms in individual skill levels and used technologies. We then calibrate the model using a global Social Accounting Matrix (SAM) dataset extracted from the recently released GTAP 10 Database, and assess the potential effects of the US-China trade war on the aggregate real productivity and the market structure for Korea, as well as for other surrounding countries and regions. Findings - We show that the US-China trade war may largely affect the aggregate productivity in each sector in each country/region, as well as the global market structure through entry and exit of firms, which results finally in considerable changes in the industrial comparative advantage of each country/region. Though the effects are diverse sector by sector, the results show that Korea may also be affected significantly: concerning the real productivity implications, it is shown that the machinery industry may be affected the most negatively; on the other hand, it is shown that the number of exporting firms may decrease the most in the other transports industry. Originality/value - As the US-China trade war intensifies, many studies have tried to estimate the possible implications, and for this usually the CGE models have largely been used as the standard tool for evaluating the impacts of changes in trade policies. Standard CGE models, however, cannot be used to assess the global productivity and market structure implications due to the symmetric and simplified base assumptions. This paper is the first to analyze and quantify the possible impacts of the US-China trade war on the aggregate productivity and global market structure using a CGE model incorporating endogenous skill-technology assignment of heterogeneous workers and firms.

• Korean Journal of Agricultural Science
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• v.20 no.2
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• pp.211-220
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• 1993

Sustainable agriculture is a management system for ecological equilibrium and long-run productivity. Conversions from conventional to sustainable farming systems could have good effects on future generations' productivity and agricultural market opening in Korea. However, farmers are not willing to adopt sustainable farming system as because of farm income reductions, so government programs may be needed. Government programs should have research support for cost reductions, direct support for advocational livestock breedings and income security, and relative price changes for reducing agricultural chemicals.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.18 no.34
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• pp.115-121
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• 1995

The objective of this study is to develope an effectiveness measurement technique for U-shaped JIT production line by computer simulation. A small and medium sized automobile brake master cylinder manufacturing plant is studied for productivity improvement The production line is analysed and improved by applying Low Cost Automation, special jigs and fixtures, and facilities layout changes. An experimental simulation model is built using SIMAN(SIMulation ANalysis) simulation software for the production system analysis.

• IE interfaces
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• v.12 no.2
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• pp.329-336
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• 1999

Job efficiency and productivity of a manufacturing system with frequent job schedule changes are affected by performance of information system between job order planners anti manufacturing device operators. This paper describes implementation of concurrent information system which can active identify machine status and dispatch job orders to operators in a machine shop. Client and server environment for various machinery is implemented using OSI based network between shop floor control system and manufacturing devices. Portability and scalability are among many characteristics of the implemented system. The developed client and server system is expected to realize high productivity for manufacturing device.

• Journal of the Korean Society of Safety
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• v.12 no.2
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• pp.119-132
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• 1997

According to the construction environmental changes due to the trend of large scale and complicated building construction, many construction methods(such as : TOPDOWN )are more often used. However, it is pointed out that occupational pulmonary diseases, reduction of the machinery lifetime and productivity caused to be narrow visual field and collision between the workers. Therefore, this study is mainly dealing with the views of productivity and safety improvement in order to improve work efficiency and to insure the safety in underground construction environment.

• The Korean Journal of Food And Nutrition
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• v.8 no.1
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• pp.17-22
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• 1995

The effect of particle size of raw material on the field of extract and changes in composition of Ssang Wha Tang was investigated during manufacturing. As the size of particle was decreased the yield was increased. The yield of extract increased as much as double times as the diameter of the particle decreased from 10 m to 1 m. But the composition of extract was not varied much as the diameter of the particle differed. From these results, it is concluded that cutting method affects the productivity of Ssang Wha Tang.

• Journal of Biosystems Engineering
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• v.36 no.6
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• pp.461-466
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• 2011

The purpose of this study is basically for the use of simulations to enhance productivity. In this paper, the optimal number of allocation in a small and medium industry which produces eleutherococcus senticosus sap, is performed using simulations. The simulation model was developed under considerations of production layout, process & operation, process time, total work time, work in process (WIP), utilization, failure rate, and operation efficient as inputs, and was validated with careful comparisons between real behaviors and outputs of the production line. Therefore, we can evaluate effects and changes in productivity when some strategies and/or crucial factors are changed. Although too many workers and machines could decrease productivity, the eleutherococcus senticosus sap production line in this paper has been maintained many machines. To solve this problem, we determined the optimal number of workers and machines that could not cause any interrupt in productions using simulations. This simulation model considers diverse input variables which could influence productivity, and it is very useful not only for the production line of Eleutherococcus Senticosus Sap, but also for other production lines with various purposes, especially, in the small and medium industries.

• Journal of the Korean Operations Research and Management Science Society
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• v.29 no.3
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• pp.79-98
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• 2004

Despite its contribution to the Korean medical service industry the question of how efficiently the Korean public hospitals have operated has been unresolved. This study gauges and analyzes the overall efficiency and the Malmquist productivity index in the industry over the period 1992 through 2001. In addition to cost efficiency. we also measure technical, allocative, pure technical and scale efficiencies. Furthermore. the Malmquist index is decomposed into efficiency and frontier changes. We identify several important factors which seem to have strong relationship with various inefficiency estimates. The results indicate that on average the public hospitals has wasted a significant amount of resources and costs over the period. Unlike many other industries, the low level of cost efficiency of the public hospital industry is mainly due to allocative inefficiency rather than technical inefficiency. The Maimquist productivity indices seem both due to the frontier change and efficiency change, but with more effect by the former. The results also indicate that the turnover of hospital beds has played an important role in determining efficiency and productivity of this important industry.

• Journal of Animal Environmental Science
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• v.20 no.2
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• pp.63-68
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• 2014

Environmental heat stress by global warming has a severe effect on the productivity of livestock and, in particular, on that of dairy cattle. Heat stress during high temperature environment directly and indirectly affects milk yield, milk quality and physiological response. This study was conducted to investigate the effects of heat stress on productivity and physiological responses of livestock. Temperature-humidity data logger were established inside the feedlot for measuring real time changes in the feedlot environment. Milk was collected every day for analysing the productivity of dairy cattle. Blood sample and respiration of dairy cattle were collected once in a week for investigating the physiological response factors. Blood component concentration associated with lipolysis metabolism and milk production showed change during tropical night period. Temperature humidity index (THI) of a specific location inside the feedlot showed continuously high levels.

• STI Policy Review
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• v.8 no.1
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• pp.1-22
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• 2017

There has been a pronounced increase in research and development (R&D) expenditure in Singapore over the last two decades, with government spending accounting for a sizeable share. This increase has been spurred by public policy emphasis on research and innovation as engines of economic growth. This paper analyses the impact of R&D on economic performance in Singapore from 1978 to 2012 through the use of time series analysis. The Cobb-Douglas based analysis shows a long-run equilibrium relationship between Total Factor Productivity (TFP) and R&D investments. We found that the short-run productivity of R&D in Singapore is comparable to smaller advanced economies in the Organisation for Economic Co-operation and Development (OECD). However, in terms of long-run R&D productivity, Singapore lags slightly behind the smaller OECD nations and far behind the G7 countries. This suggests leakage of value capture and low absorptive capacity in local firms. Possibility of productivity improvements induced by policy changes in the 1990s was considered, but no evidence of significant structural breaks was found. Lastly, Granger causality analysis reveals that public sector R&D augments private sector R&D capital, thus playing an important role in generating externalities and spillover effects. Policy implications and lessons for other middle-income countries are discussed.