• Title/Summary/Keyword: revitalization of local economy

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A Study on Policy Model of Promotion Project for Local Industry for Endogenous Rural Development (내생적 지역발전을 위한 향토산업육성사업의 정책모형에 관한 연구)

  • Son, Eun-Il;Satoshi, Hoshino
    • Journal of Korean Society of Rural Planning
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    • v.18 no.4
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    • pp.1-12
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    • 2012
  • This study postulates a partial mediation model(study model I) and a whole mediation model(study model II) to examine the effect on endogenous rural development of local innovation capability strengthening in the local industry promotion project, the establishment of promotion system, and the revitalization of local economy. To accomplish study purposes, 169 response samples from 85 project groups which drive the local industry promotion project were verified using SPSS 12.0 and AMOS 5.0. The results showed that in the partial mediation model, the local innovation capability strengthening had a significantly positive effect on the establishment of promotion system, the establishment of promotion system had a significant effect on the revitalization of local economy, and the revitalization of local economy had a significant effect on the endogenous rural development, while the establishment of promotion system and local innovation capability strengthening didn't have effect on the endogenous rural development. In the whole mediation model, the local innovation capability strengthening had a significant effect on the revitalization of local economy, the establishment of promotion system on the revitalization of local economy, and the revitalization of local economy on the endogenous rural development. According to the verifications of study model I and II, the endogenous rural development is achieved after the revitalization of local economy through the establishment of promotion system and the local innovation capability strengthening. From these results, this study presents suggestions, limits of study and directions in the future study.

A Study on the Drive Model of Local Industry Promotion Project for the Revitalization of Local Economy (지역경제활성화를 위한 향토산업육성사업의 추진모형 연구)

  • Kim, Young-Joo;Satoshi, Hoshino;Son, Eun-Il
    • Journal of Korean Society of Rural Planning
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    • v.18 no.3
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    • pp.1-11
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    • 2012
  • This study postulates a study model to examine the effect on the local economy revitalization of a selection of local resources, the local innovation capability strengthening, the establishment of promotion system and the creation of revenues for the participant groups of the local industry promotion project. To accomplish study purposes, 169 response samples from 85 project groups which drive the local industry promotion project were verified using SPSS 12.0 and AMOS 5.0. The results showed that firstly, the selection of local resources had a significant effect on the local innovation capability strengthening. Secondly, the local innovation capability strengthening had a significant effect on the establishment of promotion system. Thirdly, the establishment of promotion system had a significant effect on the creation of revenues. Fourthly, the selection of local resources didn't have an effect on the revitalization of local economy. Fifthly, both the local innovation capability strengthening and the establishment of promotion system didn't have an effect on the revitalization of local economy. Sixthly, the creation of revenues had a significant effect on the revitalization of local economy. According to the verifications of study model, the revitalization of local economy is achieved by inducing creation of revenues through the local innovation capability strengthening and the establishment of promotion system after the selection of local resources. From these results, this study presents suggestions, limits of study and directions in the future study.

A Simple Indicator of Local Government's Economic Policy: Example from Japan's New Local Revitalization Policy

  • Yamamoto, Masashi;Nakamura, Kazuyuki
    • Asia-Pacific Journal of Business
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    • v.7 no.2
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    • pp.39-48
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    • 2016
  • Japan's new local revitalization plan is unique in that the national government has asked local governments to form their own initiatives; and we can expect that there will be various ideas from the perspectives of local residents. However, it is important to note that not all local governments considered the actions of their competitors and neighboring governments. Currently, Japanese industries are so interconnected that we cannot ignore the actions of others. In this paper, we propose a simple indicator that policy makers can use to determine the focus for the local economy.

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An Impact Analysis on the Regeneration of Idle Space Affecting the Quality of Resident's Life and Local Economy Revitalization from Urban Regeneration Perspective (유휴공간의 재생이 주민 삶의 질 및 지역경제 활성화에 미치는 영향구조 분석)

  • Choi, Jin-Wook;Lee, Joo-Hyung
    • The Journal of the Korea Contents Association
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    • v.16 no.2
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    • pp.129-142
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    • 2016
  • This study evaluates the sectoral effects of the regeneration of the idle space and aims to analyze the impact relationship and structure with the quality of residents's life and local economy revitalization. this study verifies the 8 hypotheses from total 11 ones through the PLS structural equation model and suitability test for setting the hypothesis and statistical significance test. The results can be summarized into 3 parts. First, If physical, social and cultural aspects should be considered, Regeneration of idle space could meet the 2 pasts such as quality of residents life and local economy revitalization at the same time. Secondly, the regeneration of idle space from environmental aspect should be led by the local government and let it's effect leaded to local economy revitalization through the collaboration of private and public sector. Finally, it should promote the quality of resident's life and let the satisfaction linked to cyclical effects with local economy revitalization. This study has an significance that it provides the theoretical basis for regeneration of idle space and it is an empirical study for impact structure model.

Plan to Revitalize Local Economy through 6th Industry of Agriculture

  • Park, Sang youn
    • International Journal of Advanced Culture Technology
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    • v.5 no.4
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    • pp.20-25
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    • 2017
  • Although the $6^{th}$ industry of agriculture, the subject of this research, is a policy that is implemented nationwide, the result or its performance can vary depending on judgment and basic plan of the local government concerned. To overcome this, support of the central government and provincial governments is important, but each rural family, rural area or management unit also has to grasp the reality fast and overcome it through voluntary participation. In addition, local governments of the nation should operate this project efficiently by implementing required support and policies in each field. Local governments should also promote revitalization of local economy by providing help to rural families and management units that implement the $6^{th}$ industry of agriculture through expert consulting, matching of funding paths, and deregulation.

Revitalization Plan of Jikji Festival (직지축제의 활성화 방안)

  • Jee, Bong-Gu;Lee, Yk-Su;Park, Koo-Won
    • The Journal of the Korea Contents Association
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    • v.7 no.2
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    • pp.212-221
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    • 2007
  • Local festival can be defined as the essence of the local culture as it represents the lifestyle and culture of the people in the community intensively and implicatively. The local festival actives the regional economy, enhances the community image, harmonizes the community residences, and gives the good opportunity for the education of the culture mind. The ways in which the local economy can be activated through the festival are to find a way to get in goals, to use the characters of the Cheongju region in creating a brand and products for the festival.

The Effect of Designation of Korean Enterprise Zone on Regional Economic Vitalization (한국형 엔터프라이즈존 지정이 지역경제 활성화에 미치는 영향)

  • Lee, DongSung
    • Journal of Urban Science
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    • v.9 no.2
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    • pp.57-62
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    • 2020
  • The United Kingdom and the United States are designating and implementing enterprise zones for the purpose of promoting the revitalization of the local economy. However, there are still mixed views on the effectiveness of the Enterprise Zone's policies. At this point, the purpose of this study is to look at policies in the form of enterprise zones in the country and see how these policies affect the revitalization of the local economy. As a result of the analysis, the areas designated as enterprise zones were becoming more economically vitalize than those that were not. In addition, it was analyzed that redundant designation of enterprise zones has a greater effect on regional economic revitalization than single designation.

An Impact Analysis of Idle Space Regeneration Types on Regional Revitalization (유휴공간의 유형별 재생이 지역 활성화에 미치는 영향 분석)

  • Choi, Jin-Wook;Lee, Joo-Hyung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.5
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    • pp.478-489
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    • 2016
  • Recently, there has been increasing interest in the remodecycling options of idle spaces around the central city through the urban regeneration. Various studies to create new added value through this way are ongoing. This study aims to analyze the impact relationship and structure on the regeneration of idle space by types affecting the quality of residents' life and local economy revitalization. The hypothesis was verified by a suitability test for setting the hypothesis and statistical significance test from the PLS 3.0 package. The results of this study drew 6 hypotheses from a total of 11 on the 'idle space regeneration of economy based type of PLS-SEM' and 4 hypotheses from a total of 11 on the 'idle space regeneration of neighborhood regeneration type PLS-SEM'. The results can be summarized into several parts. First, if cultural aspects should be considered, the regeneration of idle space (economy-based type and neighborhood-regeneration type) could meet 2 parts, such as the quality of residents' life and local economy revitalization at the same time. Second, improving the 'physical aspects' only affects the 'idle space regeneration of the economy-based type of PLS-SEM'. Third, improving the 'social aspects' only affects the 'idle space regeneration of neighborhood regeneration type of PLS-SEM'. This study has significance in that it provides the empirical analysis for the regeneration of idle space and there are differences according to types of PLS structural model.

A Study on How to Operate or Upgrade a Mobile Community Currency System to Revitalize the Local Economy -Centering on Community Currencies in Seoul and Gyeong-gi Metropolitan Areas-

  • kim, Myung-hee;Ryu, Ki-hwan
    • International Journal of Advanced Culture Technology
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    • v.9 no.3
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    • pp.152-159
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    • 2021
  • Small local businesses such as corner shops and street markets have been severely impacted by the COVID-19 pandemic and declining consumption. A community currency is a local currency that can be used to exchange for one of the local currencies within an online community. Community currencies can be effective not only in supporting small businesses, but also in helping the local economy more vibrant, benefiting consumers in the community. An important goal of Community Currency is to foster a vibrant local economy by building mutually beneficial relationships between local business owners and customers. The purpose of this study was to identify how the existing community currencies of participating SMEs and self-employed in Seoul and Gyeonggi-do metropolitan areas contributed to commercial revitalization by category and to suggest a new or better approach to community currency operation. It also focused on presenting the best solutions for the future direction of mobile community currencies, measures that are better than current currency operations, revitalize the community and develop the economy.

Analysis on the Impact of Corporate Succession and Old Companies on the Local Economy (기업승계와 장수기업이 지역경제에 미치는 영향 분석)

  • Kim, Hee Jae;Kwak, Dong Chul
    • Journal of Industrial Convergence
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    • v.20 no.9
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    • pp.11-24
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    • 2022
  • The average age of CEOs of the small and medium-sized enterprises(SMEs) in Korea is 58.8, and discussions are actively underway regarding the support towards the succession companies. Government authorities are also operating a system to support the succession companies, and recently global support is also being demanded. In order to have justification over the support for succession companies, the fact that it greatly contributes to the revitalization of the national economy and the regional economy must be acknowledged in advance. This study analyzed the degree of corporate succession revitalization of the national and regional economy through statistical and empirical analysis. With the purpose to secure the reliability of the analysis, the study has referred to the database of the "Integrated Management System for Small Business Recruitment Project" and the Korea Enterprise Data (KED), which can be the most differentiated aspect compared to the existing research of the past. According to the analysis, it shows that the old companies' performance is significantly higher than the general companies in terms of sales, number of employees, assets, and operating profits⋯etc. The management performance of the old companies (which lasted over 30 years) more than doubles the performance of the start-ups (with less than 10 years of experience) in sales, triples the number of employees, doubles the assets, and more than doubles the operating profit. Thus, it is seen that the contribution to the overall economy is significant. Additionally, as a result of the empirical analysis of the relationship between the regional old companies and the regional economic revitalization, the non-metropolitan area shows better performance than the metropolitan area in terms of the number of employees, assets, borrowings, and rent, which entails policy implications of the polarization between the metropolitan and non-metropolitan areas. In other words, it is found that old companies make a significant contribution to revitalizing the local economy, suggesting that further policies regarding corporate succession are required to support the old companies in the future.