Since the 1990's, the most important environmental issue on the earth is characterized by "global worming problem". The United Nations Framework Convention on Climate Change (UNFCCC) plays an significant role to solve this problem on a worldwide scale. The main purpose of this paper is to analyse the impact of $CO_2$ reduction on the Daegu regional economy through 1995 regional input-output coefficients derived from the 1995 national input coefficients table by using non-survey method. The sectoral impacts on output, income, and employment were computed under the decline-unequalized assumption in final demand influenced by $CO_2$ reduction. This article has six main sections. Section 1 is an introduction to this paper. Section 2 explains briefly the derivation method of the regional technical coefficients. Section 3 describes the model building through input-output multipliers. In section 4 regional data on output, income, employment and final demand are computed to estimate the regional impacts. Section 5 deals with impact analysis on the Daegu economy. Section 6 contains a brief summary and concludintg remarks. The research findings of this study can be summarized as follows. In 1995, under the assumption of 10% decrease on an average in final demand sectors, the economy of the region studied decreased \3600 billion of output, ￦1114 billion of income, and 49919 man-years of employment. The percent ratios of each value to the total showed 9.4%, 9.7%, and 9.2%, respectively. The dominant sectors associated with impact analysis within the region are chemicals and chemical products, paper, printing and publishing, and textiles and leather, etc; nevertheless, the least dominant sector is non-metallic mineral products. products.

This study examines the economic effects of ill-defined property rights on the resource usage with special reference to the Korean Green Belt. Property rights are considered ill-defined, when their whereabouts are not clearly delineated, they are not assigned to those who utilize them most efficiently, and they are not exercised precisely. If properly, and they are not exercised precisely. If properly rights are ill-defined, it is more likely that economic agents pursue opportunistic and illegal behaviors and even their rational behaviors tend to bring about undesirable outcomes, and social conflicts occur around the assignment of the rights. Upon the completion of a case study, we found that the ill-defined property right system of the Korean Green Belt has, in fact, resulted in several problems in resource usatge. Inefficient land use, compromising reassignment of property rights, the prevalence of illegal activities, huge management costs, and the spread of social conflicts are the problems in question. These problems can be resolved by the realignment of property rights, since they are caused by the ill-defined property right system. To resolve such problems, we need to reassign properly rights so that their delineation may be complete and those who value them highest may exercise the rights, and social justice in terms of wealth distribution may be achieved.

After the 1997 currency crisis, the real estate prices had been rapidly dropped and the deregulation in the Korean real estate merket has been performed. It is analyzed whether these transactions caused a structural change in real estate market, or not. The Pettitt test shows there exists a turing point in real estate prices in 1998. It is found that the degrees of co-movement between the change in real estate prices and real GDP growth rate are increased. Consequently, the factor, represented as real GDP growth rate, determining the market fundamental of real estate prices will effect on the behavioral pattern and the real estate prices in the long run. While the factors determining the portfolio selection behaviors, such as interest rate and stock prices, will cause short-term variations.

This study aims to analyze the role of TST for regional development in terms of university-research institutes-industry interaction. In particular, it focuses on the spin-off activities from research institutes and universities and their support mechanisms. This study consists of following three sections. This study consists of following three sections. Firstly, we describe the role and characteristics of research institutes and universities as the foundation of high technology business spin-off activities in the region. Secondly, the mechanisms for active technology transfer and business incubation are identified in terms of university-research institute and industry interaction in TST. Thirdly, important lessons for the development of technopolis are suggested from the view point of experiences of TST.

One of the conclusions from the researches of the last 40 years on the relationship between technological development and economic growth is that technology is an essential factor in economic growth. A majority of firms in developing countries, including Korea, are small to medium sized, so technology transfers is an alternative to developing in those technologies. Such firms prefer technology transfers over self-development because of time and money savings. This paper analyzes the types and processes of technology transfers and suggests a direction and tasks to establish a technomart through an examination of domestic and foreign case studies. Laws, organizations and institutional aspects which are related to establishing technomart are also discussed.