• Title/Summary/Keyword: 장기투자목적

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A Study on Effective Government's Regulation on Transmission Tariff Structure After Restructuring of Power Industry (전력산업 구조개편 이후의 송전요금체계에 대한 효율적인 정부 규제에 관한 연구)

  • Lee, Keun-Dae;Rhee, Chang-Ho
    • Proceedings of the KIEE Conference
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    • 2000.07a
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    • pp.409-411
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    • 2000
  • 전력산업 구조개편이후 송전체제, 특히 송전요금체계에 관한 연구가 미흡한 가운데 자연적 독점을 유지하게 될 송전에 대한 정부의 규제가 중요성을 가지게 되었다. 본 연구에서는 여러 정부 규제방안들을 비교 검토하여 최적방안 모색을 위한 방향을 제시하고자 한다. 송전요금은 비용반영 투명성, 비(非)차별, 경쟁 등의 원칙을 지켜야 하고 이런 송전요금에는 경제적 효율성 사회 복지, 비용 최소 운영 등의 증진을 위해 한계비용이 반영되어야 한다. 하지만, 송전 네트웍은 규모의 경제에 종속되는 장기 투자로 구성된다. 이런 조건에서는 한계비용은 정의되기 어렵다. 그러므로 송전요금은 단기적 한계비용들의 신호와 장기적으로는 적절한 비용회수의 보장들과의 타협조정을 해야 한다. 네트웍 요금은 경쟁 정책의 원칙을 준수할 필요가 있으며 어떤 한 네트웍 회사도 과도한 요금을 부과한다든지 또는 사용자들을 차별한다든지 또는 약탈적(predatory) 방식으로 행동할 시에는 지배적 지위 남용에 대해 벌칙을 당하게 되어있다. 송전요금에 관한 결정은 공공서비스 의무비용, 특정 소비자그룹 우대를 위한 국가 정책들과 같은 사회적 목적들에 의해 제한을 받는다. 현존하는 대표적인 정부규제방안인 가격상한제와 투자보수율 규제방식을 검토한 결과 유도된 중요한 사실은 가격상한제 규제방식이 기업들로 하여금 위험(risk)에 좀 더 종속되게 만들지만 반면에 비용절감을 위한 강력한 인센티브를 주어 효율성 향상을 기할 수 있게 만든다는 것이다. 이러한 사실은 가격상한제 규제방식이 정부규제의 기본원칙에 더 많이 부합되며 궁극적인 경제체제의 목표인 자원의 효율적 배분에 더 가깝다는 것을 의미한다.

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An Empirical Study on Main Factors Affecting Technology Balance of Payments (기술무역수지에 영향을 미치는 주요 요인들에 대한 실증연구)

  • Pak, Cheolmin;Ku, Bonchul
    • Journal of Technology Innovation
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    • v.25 no.1
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    • pp.61-89
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    • 2017
  • This study aims to estimate empirically the respective impacts of R&D expenditure, R&D labor, overseas direct investment, commodity trade balance, and technology trade openness on technology balance of payments. To examine the presence of co-integration between them, this paper employed the ARDL-bounds test using time series data from 1981 to 2014, and the result shows that there is a stable long-run equilibrium relationship among them. Furthermore, we estimated long- and short-run coefficients of the technology balance of payments with respect to each variables based on long-run equilibrium equation and error correction model. As a result, the technology balance of payments respond negatively to R&D labor and technology trade openness, and R&D expenditure does produce positive effects in the long-run, while coefficients of overseas direct investment and commodity trade balance in the long-run are not statistically significant. Besides, according to results of error correction model, overseas direct investment only has clearly a positive effects in the short-run, in contrast, the short-term relationships between the other variables and the technology balance of payments could not definitively derived. This implies that it is necessary to procure and cultivate talented personnel, as well as to enlarge gradually technology trade size in order to improve technology balance of payments from a long-term point of view.

A Study on Korean FDI in China by Industries and Intra Industry Trade between Two Countries (한국의 대 중국 업종별 FDI와 산업내무역에 관한 연구)

  • Kim, Seong Ki;Kang, Han Gyoun
    • International Area Studies Review
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    • v.13 no.3
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    • pp.759-780
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    • 2009
  • The purpose of this paper is to analyse the effect of Korean FDI(1990-2008) in China by industries on exports and imports between two countries. We use time series regression, Vector Error Correction Model and Impulse Response Function as methodologies. Our findings through empirical tests are as follows. First Korean FDI in China increases Korean exports with China but shows a tendency to decrease due to the local content of China. Second Korean FDI in China increases Korean imports in SITC 8 with China. Finally Korean trade surplus caused by Korean FDI in China shrinks due to the decreasing of exports and increasing of imports in Korea. Korean FDI in China should be oriented host country's market oriented rather than production efficiency oriented because of unfriendly foreign investment environments in China.

A Study on the Trend of Employment Effect and Employment Policy in the Digital Bio-healthcare Industry (디지털바이오헬스케어산업의 고용효과 추이 변화와 고용정책에 관한 연구)

  • Jang, Pil-Ho;Kim, Yong-Hwan
    • Journal of Convergence for Information Technology
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    • v.11 no.1
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    • pp.175-182
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    • 2021
  • The purpose of this study is to establish the direction of industrial policy by comparing the employment inducement effect on the related industries of the digital bio-healthcare industry. The analysis data used the three-year input-output table measured by the Bank of Korea. First, the research method was rewritten into 7 major industries to compare statistical data by period. Second, the Bank of Korea's industry-related analysis methodology was utilized. Third, the weight was reflected and compared by employment, production, and investment sectors of the digital bio-healthcare industry. As a result of the analysis, first, the employment sector had a higher effect than the average of the entire industry, second, the production sector was low, and third, the investment sector required investment in the service sector. The conclusions drawn from the analysis showed that direct investment and continuous investment are required in the employment sector, the development of professional manpower is urgent, and direct investment and long-term investment are effective in the production sector.

A Research on the Promoting for Korean Small and Medium Enterprise in Vietnam(II) (중소기업 베트남 진출에 관한 조사연구(II) - 베트남 정보자료 분석중심 -)

  • 전용진;김종욱
    • Proceedings of the KAIS Fall Conference
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    • 2003.06a
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    • pp.150-154
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    • 2003
  • 우리나라 중소기업의 베트남 진출에 도움이 될만한 국내의 베트남에 대한 자료를 생산주체, 시기, 형식, 주제, 목적, 전문성에 따라 분류하였으며, 이에 대한 내용을 분석하였다. 한국-베트남 국교 수립된 1992년 이후 정부부처를 비롯한 유관기관에서 발행한 53건이 투자관련 문서자료를 분석하였으며, 15건의 인터넷 자료를 검색하였다. 각 기관, 단체가 생산한 관련 자료들은 타 기관과의 정보 및 자료 교환이 이루어지지 않아 내용상의 중복을 가져왔으며, 대부분 1990년대 초반에 작성되어 노후된 정보들이다. 최근 인터넷상에서 작성된 베트남 투자 진출 관련 자료들은 web master 운용재정 및 관리 인력상의 한계로 올려진 정보를 방치한 상태이므로 정보 사용자가 의사결정시 잘못된 판단을 내릴 위험성을 노출하고 있다. 분석결과 자료양과 내용이 충실하지 못한 실정으로 성공적인 우리나라 중소기업의 베트남 진출을 위해 장기적, 안정적으로 지원할 우리 정부내 전담 지원기구와 보다 접근이 용이하고 유용한 지원정보를 계속적으로 제공할 필요성이 있다.

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A Causality Analysis between R&D Investment and Technology Trade (R&D 투자와 기술무역 간의 인과관계 분석)

  • Pak, Cheolmin;Ku, Bonchul
    • Journal of Technology Innovation
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    • v.24 no.2
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    • pp.91-113
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    • 2016
  • The purpose of this study is to examine the causal relationship among R&D spending and variables of technology trade, and to explore promoting R&D activities and revitalizing technology trade. To analyze the causal relationship, we built a multivariate model that consists of government R&D spending, private R&D spending, technical importation and export of techniques, and employed the Granger-causality test based on an error correction model. The results show that there are five Granger-causality relationship among them in the short run, as well as there are eleven Granger-causality relationship among a total of twelve causal relationship, excluding only a unidirectional causality relationship from the government R&D spending to the export of techniques, in the long run. Besides, we attempted the impulse-response analysis on them to observe the reaction of any dynamic system in response to some external change. The significance of this paper is to make sure the causal relationship between R&D investments and the technology trade by analyzing empirically, and to suggest several implications for promoting the R&D activities and revitalizing the technology trade.

Evaluating and Suggesting Key Risk Factors according to Risk Hierarchy of Occurrence Field in the Overseas Development Projects (발생영역별 리스크 위계에 따른 투자개발형 해외건설사업의 핵심 리스크 인자 도출 및 평가)

  • Lee, Jeong-Seok;Ahn, Byung-Ju;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.2
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    • pp.70-79
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    • 2012
  • The Korean Government recently has been focused on strengthening competitiveness of order and stimulating construction market in the international construction industry. It has planned to extend the ODPs (overseas development projects) in order to diversifying the international construction market of which is domestic construction companies, placing too much emphasis on plant projects of the Middle East. However, literature review of risk analysis in the ODPs shows that the number of case study is several. Therefore, Authors asserted the necessity of risk analysis in the ODPs. The purpose of this study is to suggest a methodology that find KRFs (key risk factors) in the ODPs and analyze them, using AHP and Fuzzy theory. As a result, the 37 KRFs are selected and explained characteristics of them. A future direction of this study is to suggest a risk management model in the ODPs and prove feasibility of it.

The Exploratory Study on IT Investment Management of the Public Sector Based on Forecasting (수요예측기반의 공공정보화 투자관리방안에 대한 탐색적 연구)

  • Lee, Jae-Du;Park, Sae-Gue
    • Journal of Information Technology and Architecture
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    • v.11 no.1
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    • pp.1-10
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    • 2014
  • From 2004 to 2013, the annual investment for the ICT sector in Korea amounted to about 3.2 trillion won. Depending on whether the government policy allowed for budget increases and/or decreases, this impacted the investment in the ICT sector. In particular, the fixed costs of operation and maintenance lead to a reduced chance for a new potential demands in IT programs. Even though a situation may exist that there are insufficient funds available, there is a need for building a sustainable long-term IT investment management system. The purpose of this study is to conduct basic research for the arrangement of preparation to meet IT needs required in the public sector. For this, this paper introduces the concept of IT Investment Management based on prudent forecasting. After both foreign and domestic relevant cases are reviewed, implications will be derived from the aforementioned cases. Through this process, the direction of IT Investment Management based on forecasting for the IT projects decision making will be suggested. These research results could be used for helping to develop better policies and a more efficient management of the public sector IT budget.

Corporate Non-reflux Income and Firm Value : A Review of Taxable Income Resources (미환류소득과 기업가치: 과세소득 재원의 고찰)

  • Kim, Jeong-Kyo;Kim, Hye-Ri
    • Journal of Digital Convergence
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    • v.15 no.11
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    • pp.221-229
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    • 2017
  • The purpose of this study is to find out ways to enhance corporate value by using more efficient use of non-reflux Income which is commonly considered in existing corporate income tax refund and newly introduced investment and mutual aid promotion tax. Specifically, we analyzed the effect of income tax return income and income tax return on wages and fixed - asset investments, which are commonly considered in the two tax systems, on firm value. As a result of the analysis, it was confirmed that short-term internal reserves and income reflux activities had a negative impact on firm value, and long-term internal reserves and income reflux return had positive effects on firm value. It is recommended not to formulate uniform criteria such as the ratio of income refund activity to the contents of tax, but to apply the tax refund to the internal taxation system and the taxable income source.

Performance Analysis on Day Trading Strategy with Bid-Ask Volume (호가잔량정보를 이용한 데이트레이딩전략의 수익성 분석)

  • Kim, Sun Woong
    • The Journal of the Korea Contents Association
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    • v.19 no.7
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    • pp.36-46
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    • 2019
  • If stock market is efficient, any well-devised trading rule can't consistently outperform the average stock market returns. This study aims to verify whether the strategy based on bid-ask volume information can beat the stock market. I suggested a day trading strategy using order imbalance indicator and empirically analyzed its profitability with the KOSPI 200 index futures data from 2001 to 2018. Entry rules are as follows: If BSI is over 50%, enter buy order, otherwise enter sell order, assuming that stock price rises after BSI is over 50% and stock price falls after BSI is less than 50%. The empirical results showed that the suggested trading strategy generated very high trading profit, that is, its annual return runs to minimum 71% per annum even after the transaction costs. The profit was generated consistently during 18 years. This study also improved the suggested trading strategy applying the genetic algorithm, which may help the market practitioners who trade the KOSPI 200 index futures.