• Title/Summary/Keyword: regional economic systems

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Comparative Analysis of the Local Economic Impact of University Student Startup in Korea and China (한중 대학생 창업의 지역경제효과에 대한 비교분석)

  • Jin-a Lim;Wang Xia
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.19 no.2
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    • pp.181-196
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    • 2024
  • This study examines the impact of university graduate Startup rates on economic growth in the regions where universities are located, using panel data from 35 universities in 17 regions in Korea and 21 universities in 13 cities in China over a six-year period from 2016 to 2021. In Korea, a total of 35 universities were selected as part of the Ministry of Education's "University-initiated Startup" policy, including Startup-oriented universities, leading universities in Startup education innovation, Startup education bases, and excellent universities in Startup education, while in China, 21 universities were selected as part of the pilot bases established as part of the "Mass Entrepreneurship, Mass Innovation" policy. To analyze the economic impact of the universities on the regions where they are located, we aimed to conduct an empirical analysis of the economic impact using economic indicators of the economic growth rate of the regions where they are located. The results of the empirical analysis show that the Startup rate of university graduates in Korea and China both have a positive impact on the regional economic growth rate, but the Startup rate of local university graduates in Korea has a greater impact on the regional economy than in China. Based on the findings that the number of entrepreneurs produced by universities has a positive impact on the economic growth of their regions, this study draws implications for the role of universities and regions in revitalizing local economies and the establishment of systems to resolve the imbalance between metropolitan and non-metropolitan areas.

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Medical Tourism Industry in Kangwon Province and Its Economic Impacts on the Region

  • Zhu, Yan Hua;Kang, Joo Hoon;Jung, Yong-Sik
    • Journal of Korea Society of Industrial Information Systems
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    • v.19 no.3
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    • pp.115-125
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    • 2014
  • This paper has two purposes. The first is to suggest the new and simple method to derive a regional input-output model from the national input-output table published by the Bank of Korea. The interregional input-output table has not been devised in spite of its potential use while the national table has been made every five years with the revised version during each five years. Second, this paper aims to derive Kangwon interregional input-output model from the national model using the regional supply proportion of industry and to analyze the effect of medical tourism industry on the regional economy of Kangwon Province. The paper measures, in particular, the effect of medical tourism industry on the financial self-sufficiency of Kangwon Province using the estimated output elasticity of tax revenue with the autoregressive distributed lag scheme ADL(1,1) in which the dependent variable and the single explanatory variable are each lagged once.

A Economic Feasibility Study on Environmental Ecology Flow Supply Plan using Agricultural Reservoir - Focused on Dongbok River - (농업용저수지를 이용한 환경생태유량 확보방안 경제성 비교 연구 - 동복천을 중심으로 -)

  • Park, Jin-hyeon;Ko, Jae han;Sung, Mu-hong;Jung, Hyoung-mo;Park, Tae-sun;Kwak, Yeong Cheol;Choi, Woo-young;Boem, Jina;Jeung, Minhyuk;Yoo, Seung-hwan;Yoon, Kwang-sik
    • Journal of The Korean Society of Agricultural Engineers
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    • v.61 no.5
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    • pp.33-47
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    • 2019
  • The environmental ecological flow (EEF) of stream or river will be designated according to the enforcement of the Water Environment Preservation Act. Previous researches by Ministry of Environment have proposed agricultural reservoirs as alternative resources to secure river flow where multi-purpose dam does not exist. However, agricultural reservoirs are constructed for the supply of agricultural water, and in fact, there is not a sufficient amount of water to be supplied to rivers as EEF. Therefore, this study examines the economic feasibility of securing EEF through the remodeling or construction of agricultural reservoirs. We investigated water balance of reservoir through simulation of three types of water supply demands such as agricultural water, agricultural water and river maintenance flow, and agricultural water and environmental ecology flow. The economics analysis was conducted on water supply demands and corresponding remodeling or construction of reservoirs. As a result, it was found that the method of securing through heightening existing reservoir enhancement is economically feasible. However, it was not possible to secure all the amount of the EEF due to the size limitation of existing reservoirs or constrain of the watershed for newly built reservoir. Therefore, in order to secure all of the EEF, the utilization of other alternatives as well as agricultural reservoirs should be considered. This study demonstrated the method of economical feasibility study of securing river maintenace flow and EEF using agricultural reservoirs and other considerations.

Analyzing the economic impact of leading industry R&D for economic region with regional input-ouput tables (지역산업연관표를 활용한 광역경제권 선도산업 R&D의 경제적 파급효과 분석)

  • Choi, Seung-Il;Kim, Jin-Ho
    • Proceedings of the KAIS Fall Conference
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    • 2011.12a
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    • pp.37-39
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    • 2011
  • 광역경제권 선도산업은 지역 간 협력 및 연계를 통해 산업 경쟁력을 높이는 것을 정책 목표로 하고 있어 R&D 경제적 파급효과에 대한 권역별 분석이 요구된다. 본 연구에서는 충청광역경제권 선도산업 중 'New IT' 분야 '차세대무선통신 단말기 부품소재 글로벌 경재력 강화' 프로젝트에 대한 경제적 파급효과를 한국은행에서 발간한 지역산업연관표를 활용하여 분석하였다.

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A Study on the Institutional Supporting System for Forming Industrial Cluster in Large Area (광역적 산업클러스터 구축을 위한 제도적 지원체계 연구)

  • 권오혁
    • Journal of the Economic Geographical Society of Korea
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    • v.7 no.2
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    • pp.315-328
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    • 2004
  • After M. Porter proposed the concept of industrial cluster, a lot of academic papers and industry surveys have suggested that industrial cluster is the key factor to competitive edge and long-term economic growth. Industrial cluster is often defined as geographical concentrations of interconnected entities in a particular industrial field. And the agglomeration economy is regarded the key factor of developing the industrial clusters. The industrial clusters often have been growing over the territory of local governments. Therefor, the institutes supporting the industrial clusters and the companies in great-sphere level is required. The purpose of this paper is for comparing and analysing the institutes supporting the industrial clusters and the companies in great-sphere level including various local governments. As the result of this research, four types of the cooperative industrial supporting systems among various local governments are divided: 1. inducing foreign direct investment into domestic area by regional development agency, 2. co-developing research parks or industrial parks by some local governments, 3. taking regional industrial statistics and writing development strategies over the boundary of the local governments, 4. constructing internet portal sites networking the local companies, universities, research centers of the same industrial cluster.

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The Economic Impact of the Open Skies Agreement Between Singapore and U.S.A. (미국과 싱가포르의 항공자유화 협정으로 인한 경제적 영향에 관한 연구)

  • Hong, S.K.;Lee, S.C.;Lee, K.S.
    • 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.

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E-commerce Adoption of Small and Medium-Sized Enterprises During COVID-19 Pandemic: Evidence from South Asian Countries

  • HOSSAIN, Md Billal;WICAKSONO, Tutur;NOR, Khalil Md;DUNAY, Anna;ILLES, Csaba Balint
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.1
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    • pp.291-298
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    • 2022
  • COVID-19 has spread across the world in the last two years, confining people to their homes and shutting down businesses and markets. The world is currently experiencing a catastrophic economic and social crisis. To benefit people and to protect them, industries invented new products. These products were made by small and medium-sized businesses across the globe. In South Asia, there was also a rigorous lockdown, people were laid off, and SMEs adopted E-commerce to assist clients and customers. Therefore, the study aims to analyze the impact of the COVID-19 pandemic on E-commerce adoption through open innovation strategies in South Asian countries. 500 respondents were selected through an online questionnaire to collect data from different countries of South Asia. The prominent countries are; India, Pakistan, and Bangladesh. The results of the study show that perceived compatibility and complexity have a positive influence on E-commerce adoption. In normal circumstances, however, the open innovation model is feasible. Knowledge and experience sharing and management attitude have a moderate impact on E-commerce adoption. These results are beneficial for researchers and SME managers in South Asia to overcome the challenges of the COVID-19 pandemic and increase the number of skilled people employed. This study suggests that SMEs should hire skilled workers to upgrade their systems.

Environmental Analysis and Evaluation on Fuel Mix by Electric Power System Interconnection in Northeast Asia (동북아 전력계통 연계로 인한 환경성 분석 및 국내 전원구성에의 영향 평가)

  • Chung, Koo-Hyung;Kim, Hong-Geun;Kim, Bal-Ho
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.769-771
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    • 2005
  • Interconnection of electric power systems, as an alternative for energy cooperation under regional economic bloc, has been under extensive debate before progressing the restructure in electric power industry and rapidly expanded in many regions after 1990s. Especially, since northeast asia has strong supplementation in resource, load shape, fuel mix etc., electric power system interconnection in this region may bring considerable economic benefits. In this paper, we evaluate economic benefits from CO2 emission abatement and effectiveness on the fuel mix in Korea by the interconnection in northeast asia. For this analysis, we evaluate effects of CO2 emission abatement under various system interconnection scenarios and compare the results of fuel mix in Korean electric power system with and without transacted electricity via interstate electric power system in northeast asia.

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A Study on the Application Plan of Basic Original Technology in Science & Research Parks : Focus on Science Parks in Korea (과학연구단지의 기초원천 기술 활용방안에 관한 연구 : 지방과학연구단지를 중심으로)

  • Lee, Won Cheul;Choi, Jong-In
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.3
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    • pp.63-74
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    • 2014
  • From the 1950s, the science parks were begun the composition as a way for innovation and commercialization in the world around developed countries. Since the 1980s, Korea also starting with quantitative investment in R & D for technology innovation, so far has been a continuous effort. Korea's patent creation level according to these R & D investment is already within the world's top 10, but the fact that the domestic technology trade balance appearing current competitive level compared to the developed technology is very insufficient. This means that the creation of economic value is low as compared with financial commitment. Therefore the plans to ensure the economic value through technology are required. As one of plans to do this for local economy activation through technical advances, constructing regional innovation systems and making science parks have been made. These science parks are required to develop the basic original technology in order to secure new growth engines, but the science parks in Korea are facing difficulties of performing research and development for regional industry advancement and local economy activation. Accordingly, this study attempts to organize the concept of 'science park' is similar but there is difference, and to compare institutions with similar functions based on regional innovation systems theory. In addition, the study is to obtain the application plans of basic original technology in science & research Parks through the model for overcoming weaknesses of Korea's innovation system and enabling organic cross-linking between institutions.

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The Use of Digital Technologies for the Economic Development of the Region in the System Of Digitalization of Public Administration

  • Hennadii, Ferdman;Kryshtanovych, Myroslav;Kurnosenko, Larysa;Lisovskyi, Ihor;Koval, Oleg
    • International Journal of Computer Science & Network Security
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    • v.22 no.8
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    • pp.81-86
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    • 2022
  • Digital technologies in the regional sector of public administration are the basis for its reform and a potential example for the whole country on how to use the benefits of the "digital" world. The synergistic potential of social, mobile, "cloud" technologies, as well as data analysis technologies and the "Internet of Things" can collectively lead to transformational changes in public administration and in general, that is, make the use of digital technologies for the economic development of the region in the system of digitalization of public administration effective, reactive and valuable. Thus, the purpose of the study is to identify modern prospects and realities of the development of digital technologies for the economic development of the region in the system of digitalization of public administration. As a result of the study, the main mechanisms and systems of digital technologies for the economic development of the region in the system of digitalization of public administration were analyzed.