• Title/Summary/Keyword: regional economic

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Developing Programs in Regional Statistic

  • Park, Min-Jung;Cho, Kil-Ho
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.3
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    • pp.867-875
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    • 2008
  • At the period of knowledge and information in the twenty-first century, we need to produce exact data and draw up exact statistic for reasonable plans and policy which are necessary to regional growth, employment relationship, and regional welfare work. Also, we must form basis of regional statistic by producing statistic which affects on economic and social phenomenon like regonal income, unemployment rate, and business status as the basic data of these regional policy Therefore we hope much rationalization, scientification, and specialization of administrative affairs by developing the standard statistic which coincides a regional trait.

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Trends and Future Prospects for Transborder Regional Cooperation in Northeast Aisa (뉴스초점: 동북아 초국경적 지역협력의 동향 및 전망)

  • Lee, Sun
    • Journal of the Korean Professional Engineers Association
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    • v.43 no.5
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    • pp.25-30
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    • 2010
  • The 2010 PCRD(Presidential Committee on Regional Development) International Conference aims at designing regional policies to enhance regional growth potential and inter-regional cooperation. Increasing economic interdependence in Northeast Asia in particular among the 3 countries of China, japan and Korea, requires enlightened territorial development policies of each country to accommodate the need for close cooperation and networking across the border. The security problem in the Korean peninsula requires the importance for earnest dialogue and discussion between neighbors about the common future of Northeast Asia. Cross-border cooperation and networking will contribute to enhancing regional stability and development in this era of borderless globalization.

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A Study on the Structural Causes of Underdevelopment of Regional Economy (지역경제 저성장의 구조적 요인에 관한 연구)

  • Yu, Won-Keun;Choi, Ho-Yeong
    • Journal of Digital Convergence
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    • v.12 no.10
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    • pp.45-59
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    • 2014
  • An empirical analysis on the structural causes on the economic underdevelopment of a specific region is an important work for the constituents to solve the submitted problems of those sources of the questions and to establish more active regional economic growth structure hereafter. Basically this paper recognizes that the fragile characteristics of accumulation structure is due to the higher portion of small enterprises and other unfavorable material conditions compared to other regions. On the basis of this estimation, we are going to present some materials to help establishing the development strategies by analysing the structural characteristics of time serial GRDP and Regional Input-Output Tables.

The Economic Cooperation Potential of East Asia's RCEP Agreement

  • Armstrong, Shiro;Drysdale, Peter
    • East Asian Economic Review
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    • v.26 no.1
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    • pp.3-25
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    • 2022
  • East Asia's Regional Comprehensive Economic Partnership (RCEP) came into force in 2022 as the world's largest free trade agreement. RCEP was concluded, signed and brought into force in the face of major international uncertainty and is a significant boost to the global trading system. RCEP brings Australia, China, Japan, South Korea and New Zealand into the same agreement with the ten member ASEAN group at its centre. It keeps markets open and updates trade and investment rules in East Asia, a major centre of global economic activity, at a time of rising protectionism when the WTO itself is under threat. The agreement builds on ASEAN's free trade agreements and strengthens ASEAN centrality. One of the pillars of RCEP is an economic cooperation agenda which has its antecedents in ASEAN's approach to bringing along its least developed members and builds on the experience of capacity building in APEC and technical cooperation under the ASEAN Australia-New Zealand Free Trade Agreement. There is an opportunity to create a framework that facilitates deeper economic cooperation that involves experience-sharing, extending RCEP's rules and membership at the same time as strengthening political cooperation. The paper suggests some areas that might be best suited to cooperation - that is confidence and trust building instead of or before negotiation - and discusses how non-members may be engaged and the membership expanded. Options such as multilateralising provisions and becoming a platform for policy convergence and coordinating unilateral reforms are canvassed.

The Impact of the Regional Comprehensive Economic Partnership (RCEP) on Intra-Industry Trade: An Empirical Analysis Using a Panel Vector Autoregressive Model

  • Guofeng Zhao;Cheol-Ju Mun
    • Journal of Korea Trade
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    • v.27 no.3
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    • pp.103-118
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    • 2023
  • Purpose - This study aims to examine the dynamic relationship between the variables impacted by the Regional Comprehensive Economic Partnership (RCEP) and the level of intra-industry trade among member states, with the ultimate objective of deducing the short- and long-term effects of RCEP on trade. Design/methodology - This study focuses on tariffs, GDP growth rates, and the proportion of regional FDI to total FDI as research variables, and employs a panel vector autoregression model and GMM-style estimator to investigate the dynamic relationship between RCEP and intra-industry trade among member countries. Findings - The study finds that the level of intra-industry trade between member states is positively impacted by both tariffs and intra-regional FDI. The impulse response graph shows that tariffs and FDI within the region can promote intra-industry trade among member countries, with a quick response. However, the contribution rates of tariffs and intra-regional FDI are not particularly high at approximately 1.5% and 1.4%, respectively. In contrast, the contribution rate of GDP growth can reach around 8.5%. This implies that the influence of economic growth rate on intra-regional trade in industries is not only long-term but also more powerful than that of tariffs and intra-regional FDI. Originality/value - The originality of this study lies in providing a new approach to investigating the potential impact of RCEP while avoiding the limitations associated with the GTAP model. Additionally, this study addresses existing gaps within the research, further contributing to the research merit of the study.

Comparative Analysis on The Features of Busan New Port and Gwangyang Port, and their development Strategies (부산 '신항'과 광양항의 특성 비교분석 및 발전전략)

  • Kim, Jeong-Su;Sin, Gye-Seon
    • Journal of Korea Port Economic Association
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    • v.21 no.4
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    • pp.1-31
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    • 2005
  • Major companies in USA, Europe and Japan as well as even China and Russia put more overseas investment in Asian regions than before, while northeast Asian regional trade gets more attractive and important under the influence of China's super-speed economic growth. Possibly, it is expected that such ever-increasing gravity of regional trade will help spotlight the importance of local trade route considerably. In particular, northeast Asian region's economic briskness and step-up in international economic partnerships will expectedly contribute to much boosting up the quantity of goods transported via local coasting route. Thus, it is advisable that both Busan New port specialize in dealing with freights via East Sea rim, while Gwangyang port specialize in dealing with freights via Yellow Sea rim. Furthermore, it is required that both ports share some of their own roles as hub port and hub & spoke port respectively, so that both of them can be devoted to stepping up into northeast Asian hub ports.

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The Formation Process and Success Factors of Regional Resource-based Industries: A Case Study on Fermented Soy Industry in Sunchang (지역자원기반산업의 산업집적지 형성과정과 성공요인: 순창 장류산업을 사례로)

  • Lee, Kyung-Jin
    • Journal of the Economic Geographical Society of Korea
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    • v.14 no.3
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    • pp.342-357
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    • 2011
  • The purpose of this study is to provide implications for regional development policy, especially peripheral regions, by investigating the agglomeration process of regional resource-based industries. In the process of globalization, the region emerges as an actor which participates in competition in the global market. Developing regional resource-based industries is an important tool to develop regional economy. This study examines the agglomeration process of the fermented soy products industry in Sunchang in historical approach and finds out success factors of regional resource-based industries. Then policy implications for regional development by developing regional resource-based industries are drawn and suggested.

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Paradigm Shifts in the Regional Policy of the UK National Government and the Implications for the Korean Context (영국 지역정책 변화 동향과 우리나라에의 시사점)

  • Byun, Pill-Sung;Lee, Dong-Woo
    • Journal of the Economic Geographical Society of Korea
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    • v.11 no.1
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    • pp.111-129
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    • 2008
  • This study discusses the paradigm shifts in the regional policies of national governments which many countries have witnessed since the 1990s. Particularly, the study examines the historical trajectory which the regional policy of the UK national government has experienced until the 2000s since 1928 when the regional policy was implemented for the first time in the world, focusing on the recent trends after the mid-1990s. In the recent decade, the UK national government has shifted the focus of its regional policy towards the regional competitiveness and the devolved approach to regional development, from the interventionist top-down transformation of the spatial distribution of businesses and population via regulations and incentives for reducing regional disparities. Even in the midst of such a shift, the government has constantly sought to lessen the regional disparities in UK. Additionally, our work presents the policy implications for the future direction of regional policy which the national government of Korea should set in the face of the changing context.

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Governance of Regional Innovation Policies of the Ruhr Area in Germany (독일 루르지역의 지역혁신정책 거버넌스 연구: 혁신주체간 협력관계를 중심으로)

  • Shin, Dong-Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.9 no.2
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    • pp.167-180
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    • 2006
  • The Ruhr region used to be a large industrial area, working as an engine of economic growth of the Germany. However, the region has been suffering from economic and social problems originating from de-industrialization. Since the 1970s, various levels of governments have attempted to solve the problems with policies of regional innovation, e.g., establishing technology parks, competence centers, and business incubators to promote start-ups, technology transfers, and networks between governments, businesses, universities, public research institutes, and the public. In this context, this paper attempts to analyse governance of regional innovation policies of the Ruhr area, based on an analytical framework developed by a groups of researchers, i.e.. Bae et al (2006), The paper concludes that the roles of governments are important in creating and implementing regional innovation policies of the Ruhr area, the policies heavily rely on the R&D capacity of local universities and public research institutes; and various levels of governments have different roles to play.

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The Characteristics of Informal Networks of Venture Companies in Daegu Region (대구지역 벤처기업의 비공식 네트워크)

  • Lee, Chul-Woo;Kim, Myeong-Yeob
    • Journal of the Korean association of regional geographers
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    • v.10 no.4
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    • pp.713-726
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    • 2004
  • This paper aims to investigate the characteristics of innovation activities and informal networks of venture companies in Daegu region. The most important knowledge source of them for innovation is in house. The next are customers, competitors, and public supporters. And it was investigated that regional venture companies have participated in 1-5 informal network organizations. They primarily achieve such knowledges as, technologies, new business opportunities, and marketing information, through participation in informal networks. The reasons why they have taken part in informal networks are to get new informations and acquire new business opportunities. Particularly The informal networks between ventures companies and other regional economic actors have helped the regional venture companies to obtain more economic performance and to establish social capital, such as faith, with other economic actors.

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