• Title/Summary/Keyword: Capital area

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ARDL-Bounds Testing Approaches to the Factor Price Equalization: The Case of Korea, U.S., and Japan (ARDL-Bounds Test에 의한 요소가격균등화 검정: 한국, 미국, 일본을 중심으로)

  • Rhee, Hyun-Jae
    • International Area Studies Review
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    • v.15 no.2
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    • pp.101-123
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    • 2011
  • The paper is basically attempted to reveal the factor price equalization(FPE) on Korea, United States, and Japan by the ARDL-bounds testing. Wage-rental ratio and relative commodity prices between Korea, United States, and Japan are analyzed by employing equality and convergence frameworks. Empirical evidences are shown that necessary and sufficient conditions for the FPE seems to be easily satisfied in a small country such as Korea rather than large ones as like United States and Japan. And, the FPE is more easily achieved by a nominal term rather than the real term. Due to the fact that an error correction term in the Error Correction Model is insignificant, direct mobility of labor and capital between the countries is not that effective to a short run adjustment. It implies that the FPE is in general going through a long run path. It also has to be mentioned that a trade policy has to selectively implemented depending on the weight of trading volumes and it has to be build up by a long run basis.

An Empirical Study on the Determinants of Economic Growth and Contribution in China (중국경제의 성장요인과 성장요인별 기여도에 관한 실증연구)

  • Kim, Jong-Sup
    • International Area Studies Review
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    • v.15 no.2
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    • pp.151-173
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    • 2011
  • The purpose of this paper is to examine the impact of production factors on economic growth in China during 1979~2008. In order to grasp the determinant and contribution analysis, we take fixed effect model and random effect model and Hausman test to choice model. The results show that the finance variable (rsav) and SOC variable (rsoc) have negative effects on the economic growth in the long run except some models. But unimproved raw labor variable (rlab), physical capital variable (rcap) and education variable (redu) shows strongly positive effect for the same time. We found the meaning of coefficients of growth factors. relative contribution of each input to per-capita growth in China. The direct elative contribution of physical investment to per-capita growth gives 35.9 percent in total model (TMO) and unimproved raw labor contributes only 4.7 percent. In all modes, physical investment (rcap) was the most important contributor of predicted growth in China economy.

An Empirical Analysis on the Employment Effect of Korean Exporting using the DPD model (동태패널모형을 활용한 수출의 고용효과 분석)

  • Cin, Beom-Cheol
    • International Area Studies Review
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    • v.13 no.3
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    • pp.213-238
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    • 2009
  • This paper empirically examines effects of exporting on employment over the period 2000-2007 for Korean listed and non-listed manufacturing firms. The paper employs the dynamic panel model of labor demand and controls for simultaneity of the exports and real wages using a two step random effect Tobit-DPD (Dynamic Panel Data) procedure. Our empirical results suggest that surprisingly, there is no robust evidence for employment effects of exporting of Korea's large firms and small-medium sized firms during the sample period after Korean financial crisis. This implies that Korean exporting patterns have been changed in a way that exporting highly capital intensive goods leads to importing more intermediate goods and thus to countervailing the employment effects of exporting. This suggests that expansion of exporting by lowering exporting prices through the bilateral FTA might not be helpful to enhancing employment in Korea.

Empirical Analysis on Use of Mortgage Loan in Beijing of China (중국 베이징 도시가구의 주택담보대출 이용실태 분석)

  • Kim, Do-Hoon;Kim, Jin-Soo
    • International Area Studies Review
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    • v.16 no.3
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    • pp.135-155
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    • 2012
  • The objective of this study was to empirically analyze how Chinese urban residents use mortgage loan in their purchase of houses. For the research purpose, 205 households were surveyed on use of housing finance in Beijing, using prepared questionnaires in advance. The survey result showed that 39.5% of the respondents used mortgage loan in their housing purchase in Beijing. Most of the mortgage loan users got their loans from four state-owned commercial banks. This implies that the government could effectively govern the housing market by managing qualifications and interest rates under the government control. The households who did not use mortgage loan raised the fund mostly from own capital and their parents' money. In general, it was found that the Chinese, besides mortgage loan from commercial banks, rarely depend on outside sources. The dichotomous logistic analysis by logit model showed that socio-economic variables such as age, income, housing price and entry into the housing provident fund had significantly positive effects on the use of mortgage loan in the purchase of housing.

A Study on Beijing-Tianjin-Hebei Integration Strategy of China (중국 징진지(京津冀) 일체화전략의 현황과 과제)

  • Fang, Jinlong;Cha, Kyungja
    • International Area Studies Review
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    • v.20 no.4
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    • pp.73-90
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    • 2016
  • Recently China's economy has been entered a new normal state with mid-speed growth. Along with the new normal state, Chinese government presented new development strategies. Among them, Beijing-Tianjin-Hebei Integration Strategy(BTH) has become the primary policy on the list of national economic development plan, and the BTH is expected to be the new model of regional development in China. With this background, this article firstly explains the concept and development process of the BTH, secondly presents the state of regional economies, lastly introduces some challenges ahead in the process of the BTH. The challenges, including industry structure adjustment problem, poverty belt in Hebei, environment problem and the distribution of functions of Beijing as a capital, are difficult to solve in a short period. It is needed more cooperative measures between central and local governments to cope with the challenges.

Occurrence and distribution of indoor volatile organic compounds in residential spaces by sampling methods (시료채취 방식에 따른 주거 공간 내 휘발성유기화합물 발생 특성 평가)

  • Lee, Suyeon;Kim, Daekeun
    • Journal of odor and indoor environment
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    • v.17 no.4
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    • pp.362-371
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    • 2018
  • Indoor Volatile organic compounds (VOCs) are classified as known or possible toxicants and odorants. This study characterized VOC levels in 11 homes in an area in the capital of Seoul by using two different methods of VOCs sampling, which are the active sampling using a thermal sorption tube and the passive sampling using a diffusion sampler. When using the active sampling method, the total target VOC concentration ranged from 41.7 to $420.7{\mu}g/m^3$ (mean $230.4{\mu}g/m^3$ ; median $221.8{\mu}g/m^3$) during winter and 21.3 to $1,431.9{\mu}g/m^3$ (mean $340.1{\mu}g/m^3$; median $175.4{\mu}g/m^3$) during summer. When using the passive method, 29.6 to $257.5{\mu}g/m^3$ (mean $81.8{\mu}g/m^3$; median $49.4{\mu}g/m^3$) during winter and 1.2 to $5,131.1{\mu}g/m^3$ (mean $1,758.8{\mu}g/m^3$; median $1,375.1{\mu}g/m^3$) during summer. Forty-nine VOCs were quantified and toluene showed the highest concentration regardless of the season and the sampling method studied. The distribution of VOCs was relatively varied by using the active method. However, it showed a low correlation with indoor environmental factors such as room temperature, humidity and ventilation time. The correlation between indoor environmental factors and VOCs were relatively high in the passive method. In particular, these characteristics were confirmed by principal component analysis.

A study of political ecology of Post-development - on critical discourses of Arturo Escobar (탈발전(Posdesarrollo)의 정치생태학 연구소고 - 아르뚜로 에스꼬바르의 비판이론을 중심으로)

  • Ahn, Tae-Hwan
    • Cross-Cultural Studies
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    • v.22
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    • pp.73-98
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    • 2011
  • This study has as a object to investigate some various meanings of the discourses of postdevelopment of Arturo Escobar with the respect of the social movements of the indigenous and the afro-colombians in the area of the Pacific Coast of Colombia. The ideological lines of Escobar go around the group of critical discourse Modernity/(De)coloniality whose thesis lies on revealing the coloniality as principal elements of the modernity from the XVI century until now culminating in the neoliberal globalization. In another words, they try to seek for the alternative globalization based on the autonomy of the people who has been alienated for long time as 'others' by the eurocentrism of the power and the knowledge and on the equality of the cultural differences o the cosmovisions in Latin America. Escobar concentrates on the fact that the neoliberal regime would turn the nature into the environment considered as the resources for example the traditional knowledges of biodiversity of the indigenous as the capital of the pharmaceutical companies through the patents. However, the indigenous and the afro-colombians have fought fiercely to have them be maintained as a colective right of the possession not only to guard the economic interests but also their proper cultural traditions and the way of life based on the social solidarity of reciprocal care instead of the occidental individualism. This corresponds not only to the social relations but between the nature and the human society. And so, Arturo Escobar interprets these movements not only to defend the places but to express the cosmovisions of Postdevelopment further more the modern paradigm of nation-state.

Changes of Rural Landscape in the lifted Green-belt Area Using Resident Employed Photography(REP) (거주민 참여 사진촬영 방법(REP)를 활용한 개발제한구역 해제에 따른 근교 농촌 경관변화 분석)

  • Yun, Seung-Yong;Son, Yong-Hoon
    • Journal of Korean Society of Rural Planning
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    • v.24 no.4
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    • pp.15-25
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    • 2018
  • This study was designed to understand the change of rural landscape and to consider problems followed by development restrictions lifted for Neobiul Village in Ansan City, Korea. Physical landscape changes were comprehended by a field study and interview with local residents, and the residents' perception regarding the landscape changes were analyzed with the REP investigation method. The results can be summarized into the following three points: First, due to the lift of development restrictions and the deregulation of land use, the number of factories and warehouses for rent increased, which became a new source of income for the village. Second, the residents' complaints increased due to the increased traffic volume and waste from a sudden influx of factories and warehouses, which could not be handled by a small farming village. Third, a mix of landscape combining both city and farming village was formed due to the influx of external capital and the need of rental income, although the residents rather wanted Neobiul Village to become a residential village than a factory location. Furthermore, even in the farmlands near the village where development restrictions have not been lifted, the level of dependence on the farming industry has decreased as a consequence of the increase in farmland rent and weekend farms. This paper confirmed that the change of rural landscape followed by lifted development restrictions affects the everyday life of residents living in Neobiul Village. This study has significant implications in that it suggests a case showing the effects of national policies such as lifting development restrictions for rural villages in suburban areas.

Economic analysis of a 22.9 kV HTS power cable and conventional AC power cable for an offshore wind farm connections

  • Jung, Ga-Eun;Dinh, Minh-Chau;Sung, Hae-Jin;Park, Minwon;Yu, In-Keun
    • Progress in Superconductivity and Cryogenics
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    • v.20 no.4
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    • pp.60-64
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    • 2018
  • As the offshore wind farms increase, interest in the efficient power system configuration of submarine cables is increasing. Currently, transmission system of the offshore wind farm uses almost AC system. High temperature superconducting (HTS) power cable of the high capacity has long been considered as an enabling technology for power transmission. The HTS cable is a feasible way to increase the transmission capacity of electric power and to provide a substantial reduction in transmission losses and a resultant effect of low CO2 emission. The HTS cable reduces its size and laying sectional area in comparison with a conventional XLPE or OF cable. This is an advantage to reduce its construction cost. In this paper, we discuss the economic feasibility of the 22.9 kV HTS power cable and the conventional AC power cables for an offshore wind farm connections. The 22.9 kV HTS power cable cost for the offshore wind farm connections was calculated based on the capital expenditure and operating expense. The economic feasibility of the HTS power cable and the AC power cables were compared for the offshore wind farm connections. In the case of the offshore wind farm with a capacity of 100 MW and a distance of 3 km to the coast, cost of the 22.9 kV HTS power cable for the offshore wind farm connections was higher than 22.9 kV AC power cable and lower than 70 kV AC power transmission cable.

Survey and Archaeological Research on the Shàngdu(上都) Site in Yuán(元) Ruins (원상도(元上都)의 조사와 건축유적의 고고학 연구)

  • Wei, Jian
    • Korean Journal of Heritage: History & Science
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    • v.45 no.3
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    • pp.28-59
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    • 2012
  • The $Sh{\grave{a}}ngdu$ site in the Yuan Dynasty of China, a capital city located in the northern steppe area characterised by the nomadic life, has received great attentions from a number of travellers, historians and archaeologists. Several famous European travellers described vividly the city structure and civil life of $Sh{\grave{a}}ngdu$ from the Yuan Dynasty onwards. Since the begging of the modern era, a number of foreign expeditionists and historians explored $Sh{\grave{a}}ngdu$ and published research reports. From the 20th century, mainly Chinese and Japanese historians and archaeologists carried out the relatively detailed historical researches and archaeological surveys to the $Sh{\grave{a}}ngdu$ site; and published books, articles and excavation reports. More detailed and scientific archaeological investigations, mappings and excavations have been conducted since 1990s. This paper aims to progress basic discussion to the city structures of the $Sh{\grave{a}}ngdu$ site based on the previously conducted researches by expeditionists, geographers and archaeologists and the full scale investigations, which have been carried out since the late 20th century.