• Korean System Dynamics Review
• /
• v.4 no.1
• /
• pp.69-91
• /
• 2003

Using qualitative methods hinged on urban dynamics models, the paper addresses major issues concerned with new administrative capital construction. It tries to summarize the existing debates on new administrative capital construction and reinterpret diverse interacting factors in terms of reinforcing or balancing feedback structure. The paper suggests that understanding up on the dynamic mechanism imbedded in circular causal loop diagrams is the key to set up appropriate proposals and action plans for the new administrative capital, as they would reveal complicated linkages between the Capital Region and the rest, in addition to the urban dynamic of new administrative capital. In the same context, the paper can confirm similar features reflected in the relocation of capital functions at Canberra, Australia and Berlin, Germany. It has paid special attention to the fact that both Australian and German governments altogether stress the positive feedback loops as they have overcome unprecedented political confrontation among rival cities: Basically, they have encouraged gives-and-takes among major stake-holders. These research findings indicate that the future of new administrative capital construction depends on consensus buildings that can accommodate socio-economic and territorial changes between pros and cons. Although further researches and validations are needed, the system approach presented in this paper could assist Korean decision-makers in developing robust and responsive policy initiatives under uncertainties.

• Korean System Dynamics Review
• /
• v.10 no.3
• /
• pp.25-45
• /
• 2009

The concept of social capital has recently been highlighted in most fields of social science because social capital is believed to be an alternative of market and government failures. However, social capital is of high ambiguity that hinders in conceptualizing and modeling that can differs from the premises, such as whether social capital lies in individual actors or collective substances, or whether social networks are functioning by rationality or emotion. This study therefore tries to examine the concept of social capital and suggest 6 types of it following by the anthropologic concept of 'reciprocity' as well as to provide fruitful discussions on the introduction of social capital variables to System Dynamics modeling of sustainable development. Conclusively, the introduction of social capital to the integration models of environment-economy-society should be based on strongly understanding the social networks, individual identities, and local particularities of the relevant localities in order to enhance the structural validity and applicability of sustainable development models in System Dynamics.

• Journal of Public Diplomacy
• /
• v.2 no.1
• /
• pp.116-135
• /
• 2022

Public diplomacy activities can benefit from social capital theory, when its social dynamics is elucidated in the investment of complex social networks and in the establishment and management of relationships with foreign publics. Social capital theory explains that actors can produce purposive actions to mobilize resources in social structures, which thus explains the dynamics of social interactions. In response to the lack of conceptual frameworks for understanding public diplomacy activities within social capital theory, we conducted a narrative literature review that intends to identify the means through which international actors, such as governments, engage with foreign publics through the dynamics of social networks and the resources embedded in them. In addition, we explored the multidimensional characteristics of social capital to enhance the comprehension of the manner in which actors access, share, and maintain resources in target communities, institutions, or organizations through public diplomacy activities. In summary, we highlight the importance of new theoretical explorations on the application of social capital theory to public diplomacy and the need for a research agenda in the field.

• Korean System Dynamics Review
• /
• v.12 no.1
• /
• pp.59-74
• /
• 2011

This article deals with an economic evalutation of the 'Pasture Project of Kum River', which is the farming plan of mitten crabs in a stream of it. An augmented model of social capital is based on the past ecological-economic system dynamics model and elaborated further with suggestions of social capital literature. During the modeling process a chain diagram of causal relations and its relevant mathematical equations are presented for simulating the project performance, and the simulation results are provided to contrast the dynamic behaviors of the former ecological-economic model with ones of the new model incorporating social capital. The results indicate that an increase in the economic benefit of the project could happen in case of considering the process of social capital accumulation around the case area, which can be regarded as a remarkable trial to approve the common confidence in the role of social capital to enhance an economic achievement.

• Journal of Digital Convergence
• /
• v.17 no.8
• /
• pp.429-437
• /
• 2019

This study examined diverse capital dynamics and the effect of the dynamics on the quality of life of Korean baby boomers living in Jeonju. Also this study investigated the moderating effect of birth cohort. A structural equation modeling conducted with 303 baby boomers for verification. The results are as follows: First, the human capital of baby boomer directly or indirectly affected psychological, economic, social capital, and quality of life. Second, economic capital directly or indirectly affected psychological, social capital, and quality of life. Third, psychological capital directly or indirectly affected social capital and quality of life. Fourth, social capital affected the quality of life. Fifth, the birth cohort moderated the impacts of economic capital on psychological capital and quality of life. The results provided an understanding of the quality of life of baby boomer and the direction of intervention.

• Journal of Distribution Science
• /
• v.14 no.9
• /
• pp.31-45
• /
• 2016

Purpose - This study develops a simulation model that looks at the dynamics between social capital and business performance in strategic networks to understand their behaviors in relation to each other, and to suggest dynamic relationship strategies. Research design, data, and methodology - Based on existing literature, this study identifies the complex causal loop diagram on social capital and business performance in strategic networks, and converts them into a simulation model for observing how the changes in business environment and relationship dependency affect social capital and business performance. Results - The simulation results showed that, first, the formation in social capital and business performance of networks with low relationship dependency was less affected by the changes in business environment. Second, the formation in social capital and business performance of networks with high relationship dependency was negatively impacted by the changes in business environment. In other words, higher relationship dependency strengthened the impact of changes in business environment on business performance. Conclusions - Thus, this study confirmed that in strategic networks, the changes in business environment and the degree of relationship dependency dynamically affect business performance, and that relationship dependency mediates the degree in which changes in the business environment affect business performance. The results of the simulations were further verified through actual business cases.

• Korean System Dynamics Review
• /
• v.17 no.1
• /
• pp.41-64
• /
• 2016

The purpose of this paper is to explore causal relationship between social capital and firm's performance using systems thinking analysis. In strategic networks, the relationship between the members is an important factor affecting the performance. For this reason, we study relationship between social capital and firm's performance on strategic networks. The results show: Firstly, as presented in the existing research, trust and performance are positive relationship(+) and verify the entire system on strategic networks. Secondly, due to exclusiveness and embeddedness of social capital, there is nonlinear relationship between social capital and the firm's performance. Thirdly, the key factor of firm's performance on strategic networks verify relationship dependency and trust.

• The Korean Journal of Financial Management
• /
• v.26 no.1
• /
• pp.127-163
• /
• 2009

This paper examines the results of survey that the foreign ownership is cointegrated with capital market conditions in Korea using Vector Error Correction Model (VECM) and how the mechanism of innovations and dynamics among the foreign ownership and capital market proxies in the VECM was described. Specifically, we find that the foreign ownership and capital market proxies follow I (1) process and there are cointegrated relations between the foreign ownership and capital market proxies. Adopting the impulse response function and variance decomposition in the VECM, we suggest, in turn, the default risk premia, liquidity of market and the rate of interest in long term business cycle take on a special function on the KSE and KOSDAQ. Finally, we also offer evidences of which there are differences of the mechanism of dynamics and innovations between on the KSE and on the KOSDAQ.

• Korean System Dynamics Review
• /
• v.11 no.4
• /
• pp.61-76
• /
• 2010

The purpose of this paper is to review relationship between social integration and social capital in the residential redevelopment districts based on the system thinking perspective using causal loop analysis. The results are as follows. First, social exclusion phenomena brings about relative deprivation for rental housing occupants feeling left out and close by area residents. This acts as a motive triggering antisocial activities for the rental housing occupants. Second, rental housing and housing for installment should be mix-developed to improve social exclusion phenomenon issues. Third, increase of creating work program in the relationship between residential redevelopment districts and social capital boosts employments, individual earnings, and local area investments. The conclusion provides some research implications and future research direction.

• Korean System Dynamics Review
• /
• v.11 no.4
• /
• pp.117-142
• /
• 2010

National territorial policies require a series of dynamic simulations, which would facilitate effectiveness measuring and forecasting works geared towards territorial policies under consideration or implementation. This paper aims at designing an integrated prototype for the proposed territorial policies. After the simulation exercises for the Ochang Industrial Complex(OIC) in Chungbuk Province, this study firstly finds meaningful mismatch phenomena between housing and population increases as the in-migration time lag seems inevitable even after the housing construction is in a mature state. Secondly, the OIC development exerts more significant impact on the number of employees than that of business units. Thirdly, in- and out-migration orders are different during the first and second stages of OIC development. That is, Chungbuk Province records the largest in terms of in-migration volume, followed by the Capital and Non-Capital Regions. Even though Chungbuk Province ranks the top position in the out-migration volume, the rank of the Capital and Non-Capital Regions is reversed: the our-migration volume towards the Non-Capital Region outruns that of the Capital Region.