• 한국사회복지학회:학술대회논문집
• /
• 2000.04a
• /
• pp.847-865
• /
• 2000

In a broad range of socio-economic and political systems, we could be able to say that the common and highest goal of all nations is the well-being of the people. From this point of view, it can be seen that two significant historic developments were achieved in the 20th century. One was the maximization of productivity through the socially efficient distribution of resources and the other was the concept of national welfare, which assumes social responsibility for the basic livelihood of human beings. In this point, it is need not only to strengthen economic wealth, but also to redistribute resources equitably. Efficiency and equity, economic and growth, and national welfare emphasize the above-mentioned principle, but they are deeply interdependent in that the well-being of the people cannot be guaranteed in the presence of only one of those. This study aims to find out the equilibrium point those problems in the productive welfare policy in Korea. Finally, it is necessary to develop productive welfare systems in order to solve the issues well.

• KDI Journal of Economic Policy
• /
• v.26 no.2
• /
• pp.209-247
• /
• 2004

Although various publicly reserved funds have recently come to the fore of academic and policy-making attention in Korea, researchers rarely take up the issue of the reserve fund retained from annual profits by the central bank (i.e., the Bank of Korea). Starting with the general public choice premise that bureaucrats seek to maximize their discretionary budget, this paper first provides a theoretical reasoning why central bank's bureaucrats would prefer retaining annual profits to turning them to the Treasury. The major tenet to be emphasized is that retained profits as a reserve fund can give the central bankers discretionary power in their disposition. In particular, we focus on the close relationship between the reserve fund and the discount windows. The latter, as a monetary instrument, has traditionally been demonstrated to cause secrecy, arbitrariness, and other bureaucratic amenities in the previous literature. Subsequently, this paper, based on 61 countries data, empirically verifies that the central bank's reserve fund is at least partially used to additionally increase the discount windows. Since an excessive use of discount windows results in inflationary bias, we conclude the paper with some policy suggestions to have such bureaucratic power of discretion in check. This paper, if in its experimental nature yet, is expected to shed a critical implication for establishing the meaningful independence of the central bank to a host of countries.

• KDI Journal of Economic Policy
• /
• v.26 no.2
• /
• pp.281-314
• /
• 2004

This paper theoretically formulated and empirically explored the relationship between exchange rate pass-through (ERPT) for (average) market price and an individual country's price, using steel products data in the US market, with special reference to two major steel exporting countries, Korea and Japan. It was found that the direction of market ERPT can be different from that of individual ERPT that each exporter experiences, due to strategic interactions among producers and different parameters. Vector error correction (VEC) models and impulse response analysis were used with the statistical inference based on the bootstrap-after- bootstrap of Kilian (1998) for short-run, and the fully modified estimation of Phillips and Hansen (1990) was used for long-run. Empirical results indicate that market ERPT in the US market due to changes in Korea-US exchange rates is different from those due to changes in Japan-US exchange rates. The framework developed in this study indicates that this phenomenon is attributed to either (i) the two countries have individual ERPTs of different magnitudes and directions for the products in the US market, or (ii) the pricing strategies of the other exporters' (to the US steel market) respond differently depending on whether the price of the product from Korea changes or that from Japan does. As each exporter's ERPT can be significantly different, and market response to each country's ERPT can be also different, this study concludes that it is crucial for an exporter to understand how competitors in the market respond to changes in its price, as well as to understand how its price changes when the relevant exchange rate fluctuates.

• KDI Journal of Economic Policy
• /
• v.19 no.2
• /
• pp.73-157
• /
• 1997

19세기(世紀) 중반(中盤)에 시작된 선진국(先進國)들의 공업화(工業化)는 약 100년이 소요(所要)되었는데 동(東)아시아 신흥공업국(新興工業國)(NICs)들의 경우에는 20~30년이 소요(所要)된 것으로 추정된다. 후자(後者)의 공업화(工業化) 경험은 흔히 '동(東)아시아의 기적(奇蹟)'이라 불린다. 그러나 이 고속성장(高速成長) 혹은 압축성장(壓縮成長)이 가능했던 이유가 무엇이냐에 관해 경제학계(經濟學界) 내외(內外)에서 그리고 국내외(國內外)에서 일치된 의견이 없고, 특히 이 과정에서의 정부(政府)의 역할(役割)을 어떻게 평가하느냐에 관하여는 더욱 그러하다. 신고전(新古典) 경제학(經濟學)은 이 나라들의 가격왜곡(價格歪曲)의 최소화(最小化), 시장기구(市場機構)의 활용(活用), 국제분업(國際分業)에의 참여(參與)에서 주된 이유를 찾고 있는데 비해, 소위 수정주의(修正主義)는 이같은 견해가 사실과 크게 괴리가 있으며 '기적(奇蹟)'은 시장(市場)의 자원배분(資源配分)에 대한 정부개입(政府介入)이 주효(奏效)하였기 때문이라 주장한다. '동(東)아시아의 기적(奇蹟)'은 동(東)아시아란 지역(地域)에서 일어난 현상일 뿐 아니라 20세기(世紀) 후반(後半)에 일어난 동시대적(同時代的) 현상이기도 하다. 공업화(工業化)를 이룬 나라들은 모두 세계시장(世界市場)과 활발히 교역(交易)하였다는 공통점이 있는데, 세계시장(世界市場)의 규모(規模)를 대표하는 세계총수출(世界總輸出)이 19세기(世紀) 중반(中盤)과 20세기(世紀) 후반(後半) 사이에 실질기준(實質基準)으로 100배 이상 커졌다. 이 글은 세계시장(世界市場)의 규모증대(規模增大)가 동(東)아시아 NICs들의 고속성장(高速成長)의 이유(理由)였을 가능성(可能性)을 이론적(理論的)으로, 실증적(實證的)으로 검토해본 것이다. 이론적(理論的)으로는, A Lewis의 무한노동공급(無限勞動供給)(unlimited supply of labor)이 존재하는 경제(經濟)에서는 세계시장((世界市場) 상대가격(相對價格)이 불변(不變)인 한 제조업내(製造業內) 노동집약도(勞動集約度)가 높은 산업(産業)에 대한 투자유인(投資誘因)이 지속된다는 점에 고속성장(高速成長)의 근거가 있다고 보았다. 이러한 투자(投資)의 지속은 제조업부문(製造業部門)의 산출(産出)과 고용(雇傭)이 경제(經濟)에서 점하는 비중(比重)을 낮은 자원비용(資源費用)으로 증대(增大)시킬 것이기 때문이다. 실증분석(實證分析)에서는, 필요한 통계자료(統計資料)가 있는 19개국의 공업화(工業化) 경험(經驗)을 검토하였는데, 한 나라가 공업화(工業化)를 시작하는 시점(時點)의 세계총수출(世界總輸出)이 클수록 그 나라의 공업화(工業化) 소요기간(所要期間)이 단축(短縮)된다는 매우 확실한 증거가 있었다. 또한 동(東)아시아 NICs의 공업화(工業化) 소요기간(所要期間)이 선진국(先進國) 경험에 비해 약 1/4의 길이로, 혹은 그보다 더 짧게 단축(短縮)된 것은 거의 모두 세계총수출(世界總輸出) 규모(規模)의 증가(增加)로 설명될 수 있었다. 이같은 이론적(理論的) 근거(根據)와 실증적(實證的) 증거(證據)를 감안할 때, 우리 경제(經濟)는 정부주도형(政府主導型)이었으나 고속성장(高速成長)을 가능하게 한 것은 정부주도(政府主導)보다는 그 규모(規模)가 대폭 증대한 세계시장(世界市場)에서의 국제분업(國際分業)이었다.

• Journal of the Korean association of regional geographers
• /
• v.12 no.4
• /
• pp.475-495
• /
• 2006

This paper is to analyse a changing space of energy flows in Northeast Asia from geopolitical and geoeconomic perspectives that have been recently promoted for energy security of countries in this region. The research is based on an analytical framework in an integration of political ecology and political economy. Because of an ever-increasing input of energy resources for economic growth and of dramatically increasing price of crude oil and recent instability of oil market, South Korea, China and Japan have been deeply concerned with energy security and conducted very actively geopolitical strategies. And hence the space of energy flows in the region is now in a process of dynamic reconfiguration, in which the project for development of oil and natural gas fields in East Siberia and construction of pipelines to transport them can be seen as one of competitive issues among these countries. In spite of worrying about stagflation due to rapid increase of oil price, such geo-strategies for energy security and reconfiguration of space of energy flows seem to keep the accumulation of capital in this region continue with generation of huge privatized oil companies.

• International Area Studies Review
• /
• v.20 no.1
• /
• pp.277-295
• /
• 2016

It is undoubtedly true that national security in Korean peninsula is on the road to destabilization. The main factors are known to be North Korea's development and experiment on nuclear arms, especially the forth nuclear experiment on January 6th, ICBM launch February 7th, and encroachment upon the territory the NLL on the 8th along with the shutdown on Gaeseong Industrial Complex. Also, China's trouble with other nations over sovereignty over islands in the South China Sea and the fact that Japan's government is veering to the right side and having territorial dispute are making the case worse. Nations in Northeast Asia are striving to obtain the interest for the sake of their own country. In order to do so, they're walking the path to achieve national security. Until then, they are not so willing to participate foreign matters or economical race. Even in our perspective, these issues are many of the main problems which our country is currently facing. However, it is important for them to avoid making policies which may take away the citizen's happiness. The number one priority for the nation or any form of a group is to act in the best interest for the national security and the citizen's happiness. They are the main factors why a nation could exist. They are the symbols of a nation's sovereign authority. Countries outside are proving it by increasing their national defense budget even in this unprecedented economical crisis. If we are willing to stay the same as ever, the disparity in the military force will not be the same in the future. In conclusion, the study examines the problem which changes in Northeast Asia's defense environment could bring and the appropriate amount of national defense budget in order to support the nation's integration of its abilities to move toward South and North Korea's unification.

• Environmental and Resource Economics Review
• /
• v.29 no.4
• /
• pp.469-497
• /
• 2020

More than one-third of the world's population still has no access to clean cooking facilities despite global interest and efforts to expand the accessibility of clean cooking fuels. They use traditional biomass, i.e., crops, animal dung and firewood, as their cooking fuel, and the health and economic damage from it is severe. As many studies have been conducted to understand the choice and transition of cooking fuel in developing countries, characteristics of household head have been addressed as one of the main fuel determinants. However, decision-making in households is not only made by household head and can vary depending on the relative characteristics of household members. Thus, this study analyses the determinants of cooking fuel choice through the samples of Cambodian couples(household head and his/her spouse) considering both characteristics of husbands and wives. As a result, it is confirmed that the effects of characteristics, such as employment, education levels, and frequency of media use, between husbands and wives on cooking fuel choice were different. This study is expected to contribute to the development of more sophisticated policies to increase clean fuel in Cambodia, given that it takes into account the characteristics of spouses who have not previously been dealt with in analyzing the determinants of cooking fuel choice and that it is difficult to find research on Cambodia.

• Communications of Mathematical Education
• /
• v.36 no.4
• /
• pp.559-587
• /
• 2022

The purpose of this study is to derive implications for the development of the next curriculum and textbooks by comparing and analyzing the textbooks of the 2015 revised high school mathematics curriculum <Mathematics for Economics> and social studies curriculum <Economics>. In the <Mathematics for Economics> textbooks, economic terms and function notations should be introduced. Additionally, the use of graphs for economic-related functions is different from the use of graphs in mathematics in the <Mathematics for Economics> textbooks. For these reasons, the usage of economic terms, function notations, and function graphs covered in the <Mathematics for Economics> textbooks were compared and analyzed with the usage in the <Economics> textbooks. In the <Mathematics for Economics> textbooks, economic terms that are highly related to mathematics are defined and presented. Contrary to the conventions of mathematics and economics, the function notations in the <Mathematics for Economics> textbooks were used inconsistently because uppercase and lowercase letters were mixed in the function notations. Function graphs in the <Mathematics for Economics> textbooks had differences in the range of values represented by the variables regarding axes and scaling. The <Mathematics for Economics> textbooks did not provide a mathematical interpretation of the translation or slope. In the course of <Mathematics for Economics>, it is necessary to specify considerations for teaching and learning, and assessment in the curriculum to promote students' understanding of mathematics and economics. The descriptions in the curriculum document and textbooks of <Mathematics for Economics> should be supplemented to provide learning opportunities for mathematical interpretation of economics-related contents.

• Korean Journal of Construction Engineering and Management
• /
• v.23 no.3
• /
• pp.36-44
• /
• 2022

This study analyzed Corporate Social Responsibility (CSR hereafter) of construction companies, especially focusing on small-medium companies. Surveys on construction companies' CSR activities and intensive interview with experts were executed to analyze and draw some implications. The empirical results shows that most of construction companies feel keenly necessity of CSR. The level of small-medium companies' awareness is lower than that of large companies'. CEO and board members of small-medium companies are less concerned about CSR yet. Carrying CSR activities co-working with NGO is preferred because of expertise and network. This study also suggests future strategy for CSR in the construction industry, focusing on small-medium companies. First of all it is necessary for small-medium companies to enhance the level of awareness and encourage participation in CSR. Second, it is required to strengthen relation with NGO and share information for CSR. Third, it is really significant to strengthen budget support and secure personnel to activate CSR. The systematic support by gevernment is also important. Lastly, it is essential to mount a publicity campaign and develop various CSR program. The role of 'Construction Industry Foundation for Social Responsibility' is emphasized because small-medium companies have very little room for CSR.

• Korea Trade Review
• /
• v.43 no.3
• /
• pp.1-26
• /
• 2018

This study estimates the technical efficiency and total factor productivity(TFP) of and analyzes the relationship between TFP and exports for Korean manufacturing companies from 2000 to 2016. Specially, TFP is decomposed into Technical Change(TC), Technical Efficiency Change (TEC), and Sale Effect(SE), and compared between large and small enterprises. First, in the case of technical efficiency, the Korean economy has been very vulnerable to external shocks, such as the sharp decline following the 2008 financial crisis. The efficiency of the electronics, automobile, and machinery sectors is low and needs to be improved. In addition, the technological efficiency of large enterprises is higher than that of SMEs in most manufacturing sub-sectors except for non-ferrous metals. In the case of TFP, most changes are due to TC, and the effective combination of labor, capital and the effect of scale have little effect, suggesting that improvement of internal structure is urgent. In addition, volatility due to the impact of the financial crisis in 2008 was much larger in SMEs than in large companies, so external economic impacts are more greater for SMEs than large enterprises. The relationship between TFP decomposition factors and exports shows that TC has a positive effect only on exports of SMEs. Therefore, in order to increase exports, in the case of SMEs, R&D support to promote technological development is needed. In the case of large companies, it is necessary to establish differentiated strategies for each export market, competitor company, and item to link efficiency and scale effect of exports.