• Journal of the Economic Geographical Society of Korea
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• v.26 no.1
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• pp.55-71
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• 2023

This paper theoretically explores the calculation of development impact fees focusing on urban growth, new urban development, developer, urban planner, housing, real estate market, community planning, community financing, local government, land use planning, public facilities, and development cost. Many questions related to who bears the burden of paying impact fees beg for answers based on empirical analysis. Those questions involve the extent to which landowners bear the burden, the effect of different levels of impact fees on the socioeconomic mix of communities, the distribution of fiscal benefits within a region where urban communities assess different levels of impact fees, and the preparedness of urban communities to accommodate development displaced by impact fees. Broader questions also relate to how urban and regional form is affected by differential application of impact fees throughout an area and whether money gained from the impact fees makes regional growth more or less efficient. Who ultimately pays development impact fees? There has been little empirical evaluation of how the market responds to development impact fees, but there is considerable information to suggest that, on the whole, the occupants - residents and users - pay the majority of the development impact fees.

• Journal of the Korean Regional Science Association
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• v.36 no.3
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• pp.29-40
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• 2020

The aims of this study to identify the relationship between regional economic growth and intraregional regional disparities. The 16 metropolitan area, the Capital region and the southeastern region of Korea were put in the spatial scope and the time range from 2005 to 2016. Regional gross domestic product data were used to show regional growth and intraregional disparity. Panel data for each spatial unit were established, panel unit root test and panel cointegration test were conducted to check the stability of the data. The DOLS method was used to identify relationship between regional economic growth and intraregional disparity, and the VECM model and Granger causality test was conducted to verify causality. The result of analysis of 16 metropolitan area units showed that the intraregional disparity increases as regional economic growth progresses. When the regional gross domestic product increased by 1%, the intraregional disparity increased by 1.258%, and there are short-term and long-term causality. Both the Capital region and the southeastern region had a mutual relationship between regional economic growth and intraregional disparity, but the disparity in the Capital region showed an increase and the southeastern region showed a decrease. The results of this study show that the regional disparity is increasing nationwide, but the Capital region and the southeastern region showed different stages of growth.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.829-837
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• 2021

The study investigates the impact of the Counter-Cyclical Buffer Policy (CCB) on regional development bank profitability in Sumatra, Indonesia. CCB requires banks to hold capital at times when credit is growing rapidly so that the buffer can be reduced if the financial cycle turns down or the economic and financial environment becomes substantially worse. This study employs time series data of regional development banks (RDBs) in Sumatra Island, Indonesia. The methodology applied in this study is a panel dynamic model with Generalized Methods of Moments (GMM). The results show that increasing capital through the implementation of CCB did not have a significant effect on RDBs' profitability. The findings of this study suggest that the activation and implementation of CCB lead to an increase in the amount and cost of loans to companies but do not affect the profitability of RDBs. The value of a Non-Performing Loan (NPL) proved to have a negative and significant effect on bank profitability. The CCB policy aims to overcome the pro-cyclicality of credit growth and improve bank resilience through increased capital which is expected to reduce excessive credit growth as a source of systemic risk. This causes a lack of lending to the community so that the profits obtained by the bank decrease.

• Journal of the Economic Geographical Society of Korea
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• v.3 no.2
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• pp.63-80
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• 2000

The purpose of this study is to analyze the impact of the Kwang-yang Iron and Steel Co.(KSCO) on the industrialization of the economic structure in Kwang-yang area. The research used the shift-share analysis and regional growth rate differential analysis. KSCO has influenced this area by changing the economic structure from traditional agriculture and fisheries to the manufacturing industry. KSCO also has influenced the population of Kwang-yang area. The number of employees grew from 594 in 1981 to 29,865 in 1992. However, after 1992, employee numbers decreased to 23,399 in 1998. KSCO was constructed in the region of traditional agriculture and fisheries in 1981. The social and economic status of the Kwang-yang area has changed greatly due to the growth of KSCO and the corresponding influx in population. KSCO has developed the related industry and changed this area into a booming industrial city. The number of employee has rapidly increased. At the end of the year 2000, 17,240 people work for KSCO and 39,593(28.7%) of the total population of Kwang-yang are related to KSCO.

• East Asian Economic Review
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• v.17 no.1
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• pp.3-25
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• 2013

This paper evaluates whether the proposed FTAAP is a desirable policy option for APEC member economies and the world economy. More specifically, this paper qualitatively investigates whether the FTAAP satisfies conditions for a trade bloc to generate positive and sufficient net trade creation effect. In addition, this paper estimates the likely impact of the FTAAP by using a CGE model analysis. From the qualitative analysis based on statistical data, this paper strongly argues that the FTAAP can be a desirable regional trade bloc able to generate positive gains from freer trade. From the ex-ante scenario analysis using both static and capital accumulation CGE Models, this paper concludes that the FTAAP has great potential for improving welfare of participating APEC economies and will boost economic growth in the region. In particular, the FTAAP would be even better if it can be linked with liberalization of trade in services and enhanced trade facilitation.

• Korean Journal of Organic Agriculture
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• v.23 no.3
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• pp.455-467
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• 2015

This study analyzed the regional economic feasibility of greenhouse gases (GHGs) reduction technology in paddy rice. Firstly, the impact of GHGs reduction technology on productivity, emission reduction, and costs is different from region to region. Secondly, the water irrigation system contributes to productivity, GHGs reduction, and water reduction, but the profit of paddy rice will decrease because of increase in fixed costs and variable costs. Thirdly, the economic feasibility shows that water-savings plot has a 1.41 in a benefit-cost ratio.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.10 no.1
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• pp.69-82
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• 2002

Recently, it appears that the major change in open skies agreement established the bilateral agreement and sub-regional multi-lateral agreement system with U.S.A. as the central figure. Specifically sub-regional multi-lateral air transportation cooperation is based on the bilateral agreement systems among the like minded countries. To develop the air transportation industry, Each country tries to come true free air transportation in bloc and deregulation in terms of market approach and traffic right. The purpose of this study is to look into the background of sub-regional air transportation cooperation and to expect the economic impact of the open skies agreement. We selected the Singapore in Asia-Pacific region as the subject of investigation. Even though Singapore is a small country in Asia-Pacific region. They have global competition power which is airport field as well as to airlines and tourism industry. Under this condition, we analyzed the economic impact of the open skies policy through the Input/Output analysis.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.32 no.1
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• pp.19-27
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• 2024

Globalization has significantly elevated the importance of the aviation sector in the global economy. However, despite the pivotal role airports play, some have struggled to maintain sustainability. Based on these problems, the purpose of this study is to understand the effect of Regional airports' perceived critical success factors and its effect on the performance of airports. This paper surveyed personnel who worked at regional airport and conducted an empirical analysis based on survey results. The study validates hypotheses pertaining to the critical success factors within regional airports and its influences on management performance. The comprehensive analysis reveals that, central governments has a positive impact on the regional airports' team·process·organizational factors. Furthermore, the team and organizational factors exerts positive influence on the management performance. This paper offers empirical insights to regional airports's critical success factors and its impact on airports' performance.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.9
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• pp.11-22
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• 2021

This study investigates the long-run relationship between the de jure economic, political, and social globalization and foreign direct investments in the Gulf Cooperation Council (GCC) to establish whether policies that foster trade and investment relations among geographical entities can help revive the GCC countries from the prevailing economic debacles of the COVID-19 pandemic. This study is driven by the GCC's quest to fully overcome the economic challenges occasioned by the outbreak of the global pandemic and position itself as the most potent regional economic bloc in the Middle East and North Africa (MENA) region. The study employs the panel data of the six GCC countries of Bahrain, United Arab Emirates, Kuwait, Qatar, Oman, and Saudi Arabia from 1971 to 2017. The findings of the panel fully modified ordinary least square regression estimation show that the de jure economic and social globalization have a significant positive impact on the region's foreign direct investment inflows. The impact of the de jure political globalization on foreign direct investment is statistically significant but negatively signed. Based on the preceding findings, we offer some holistic policy recommendations to the GCC region as recipes for timely recovery from the economic impact of COVID-19 and beyond.

• Journal of Korea Planning Association
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• v.53 no.7
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• pp.5-22
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• 2018

While the competitiveness of small and medium sized cities has become important for balanced development at the national scale, they have experienced continuous decline in population and employment, particularly those in non-capital regions. In addition, some of small and medium sized cities have been classified into shrinking cities that have declined due to their long-term structural reasons. To address these issues, a regional approach, by which a hub city and its surrounding small and medium sized cities can collaborate has been suggested. Given this background, the purpose of this study is to identify and delineate hub cities and their impact areas by using travel data as a functional network index. This study uses a centrality index to identify the hub cities of small and medium sized cities and Markov-chain model and cluster analysis to delineate regional boundaries. The mean first passage time (MFPT) generated from the Markov-chain model can be interpreted as functional distance of each region. The study suggests a methodological approach delineating the boundaries of regions incorporating functional relationships of hub cities and their impact areas, and provides 59 hub cities and their impact areas. The results also provide policy implications for regional spatial planning that addresses appropriate planning boundaries of regions for enhancing the economic competitiveness of small and medium sized cities and ensuring services for shrinking cities.