• Title/Summary/Keyword: Capital formation

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Determinants of FDI in Transition Countries of Central Asia with VECM (수정오차모형을 통한 중앙아시아 체제전환국들의 FDI 결정요인 분석)

  • Narantsetseg, Narantsetseg;Choi, Chang Hwan
    • International Commerce and Information Review
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    • v.18 no.1
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    • pp.107-127
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    • 2016
  • This paper attempts to investigate determinants of foreign direct investment in transition countries of Mongolia and Central Asia five countries of Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan. FDI inflows in this transition economies have been far increasing due to their rapid growth, GDP, gross capital formation, wage, labor force, open trading, infrastructure and natural resources as well as the factors demonstrating the economic variables and political variables of these countries by Vector Error Correction Model. The results of empirical analysis based on data from 1993 to 2013 confirmed that FDI and open trade and gross capital formation and political than GDP, wage, labor force, infrastructure and natural resources had a significant impact on Central Asia and Mongolia. In addition, if Mongolia and Central Asian five countries can maintain the country's economic growth, reduce unemployment level, achieve certain improvements in domesticating new technologies and improving skills and knowledge sphere as well as promoting stable domestic price increase, attracting and improving the FDI by paying more attention to the indicators focusing on country's GDP, wage, labor force, infrastructure and natural resource.

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A Study of the Construction Method for Soft Ground Reinforcement of Baekje Dynasty Based on the Low Swamp Remains in the Buyeo Area (백제시대 부여지역 저습지에 조성된 유적에서 나타나는 연약지반 개량공법 연구)

  • Cho, Weon-Chang
    • Journal of architectural history
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    • v.19 no.6
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    • pp.155-171
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    • 2010
  • King Seong carried out the large-scale construction transferring the capital from Wungjin (Gongju) to Sabi (Buyeo) in 538. But because most of the Buyeo area was the low swamp in the time, it needed above all to form a site before transferring the capital. Until recently, in addition to the scientific excavation, the relief excavations for the construction of new building or the formation of road were conducted on many sites in the Buyeo area. As a result, many remains which were formed on the low swamp including the temple site of Neungsan-ri, Dongna Castle, the remains of Ssangbuk-ri (280-5 Bukpo, Hyeonnaedeul) and the remains of Gua-ri were identified. Also in these remains, the various engineering construction methods irrespective of the nature of remains were used for the purpose of the soft ground reinforcement as follows: mattress method of construction, pile designation, stone alignment, filing of decomposed granite soil, culverts and storage tanks. Especially, the mattress method of construction and the pile designation are thought to be the traditional engineering construction method at least in that they are appeared since the Three Han Sates era. And these soft ground construction methods had an effect on the construction of reservoir in Japan at the time. In the future, the construction method for soft ground reinforcement shall be concerned and studied further in the architecture and the civil engineering as well as the archeology.

Exploring the Performance of Australian Construction Industry in a Recent Global Recession

  • Alfred, Olatunji Oluwole
    • Journal of Construction Engineering and Project Management
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    • v.1 no.3
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    • pp.1-8
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    • 2011
  • Available data on the recent global financial crisis (GFC) show that it lasted between the second quarter (Q2) of 2007 and the fourth quarter (Q4) of 2009. Australia is one of the first economies to fully recover from this crisis. This study explorles the role played by the Australian construction industry in stimulating economic growth during the recession. In order to investigate the macro-variability trend during the financial crisis, data were collected and analysed relating to the quarterly GDP of Australia and selected countries between Q1 2000 and Q4 2009. Specifically, changes in the construction industry's GDP were compared with aggregate GDP changes in Australian economy and similar indices in the 'Group of 7' (G7) countries and Organisation for Economic Co-operation and Development (OECD) countries. Moreover, specific attention was focused on Germany, France, Japan, United States of America (USA) and United Kingdom (UK). Graphical and Pearson's correlation methods were used to analyse the relationships between changes in construction GDP and Australia's overall economic growth during the recession. In addition, an attempt was made to develop a regression model for predicting economic growth during the recent recession using changes in gross fixed capital formation (GFCF), changes in construction GDP and the impact of these changes on national economy. Analysis shows a slight contraction in construction activities during the crisis; however construction triggered significant growth in the economy during the crisis period and afterwards. This appears to be the major difference between Australia and other major economies that have experienced a longer recession.

Expression profiling identified IL-8 as a regulator of homotypic cell-in-cell formation

  • Ruan, Banzhan;Wang, Chenxi;Chen, Ang;Liang, Jianqing;Niu, Zubiao;Zheng, You;Fan, Jie;Gao, Lihua;Huang, Hongyan;Wang, Xiaoning;Sun, Qiang
    • BMB Reports
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    • v.51 no.8
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    • pp.412-417
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    • 2018
  • Homotypic cell-in-cell (CIC) structures forming between cancer cells were proposed to promote tumor evolution via entosis, a nonapoptotic cell death process. However, the mechanisms underlying their formation remained poorly understood. We performed a microarray analysis to identify genes associated with homotypic CIC formation. Cancer cells differing in their ability to form homotypic CIC structures were selected for the study. Association analysis identified 73 probe sets for 62 candidate genes potentially involved in CIC formation. Among them, twenty-one genes were downregulated while 41 genes were upregulated. Pathway analysis identified a gene interaction network centered on IL-8, which was upregulated in high CIC cells. Remarkably, CIC formation was significantly inhibited by IL-8 knockdown and enhanced upon recombinant IL-8 treatment, which correlated with altered cell-cell adhesion and expression of adhesive molecules such as P-cadherin and ${\gamma}$-catenin. Together, our work identified IL-8 as a positive regulator of homotypic CIC formation via enhancing intercellular adhesion.

A Study on the Cultural City Formation Factors Influencing Behavior Characteristic of Residents and Tourists (문화도시 형성 요인이 거주와 방문자의 행동 특성에 미치는 영향)

  • Hayul Kwak;Myeonggil Choi
    • Journal of Information Technology Applications and Management
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    • v.30 no.4
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    • pp.39-64
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    • 2023
  • The recent expansion of large cities for economic benefits has worsened cultural inequalities within urban areas, eroding unique cultural identities and social values and deepening mistrust between regions. To tackle this, the idea of creating cultural cities is gaining traction, involving urban branding and cultural elements to foster balanced local cultural development. Current research primarily concentrates on case analysis in cultural cities, lacking sufficient studies examining the interplay of factors through empirical analysis, This study investigated whether Cultural City Formation Factors, which are resources of a cultural city, have a positive effect on City Brand Equity, City Innovativeness, Brand Personality, and Behavior Intention. For this study, questionnaires were collected from 310 people who continuously experience culture and arts in Seoul, and empirical analysis was conducted on 292 copies of them. Consequently, a significant impact was observed among the factors influencing cultural city formation, city brand equity, city innovativeness, brand personality, and behavioral intention. Moreover, it was verified that city brand equity, city innovativeness, and brand personality positively contributed to mediating effects as well as sequential mediating effects. It is expected that the results of this study will be used to establish the foundation for effective urban management and the development of strategies for creating cultural cities.

The Effects of Global Entrepreneurship and Social Capital Within Supply Chain on the Export Performance (글로벌 기업가정신과 공급사슬 내 사회적 자본이 수출성과에 미치는 영향)

  • Yoon, Heon-Deok;Kwak, Ki-Young;Seo, Ri-Bin
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.7 no.3
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    • pp.1-16
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    • 2012
  • Under the international business circumstance, global supply chain management is considered a vital strategic challenge to small and medium-sized enterprises(SMEs) suffering from deficient resources and capabilities to exploit overseas markets comparing with large corporations. That is because they can expand their business domains into overseas markets by establishing strategic alliances with global supply chain partners. Although a wide range of previous researches have emphasized the cooperative networks in the chain, most are ignoring the importance of developing relational characteristics such as trust and reciprocity with the partners. Besides, verifying the relational factors influencing firms' export performances, some studies proposed different and inconsistent factors. According to the social capital theory, which is the social quality and networks facilitating close cooperation of inter-individual and inter-organization, provides the integrated view to identify the relational characteristics in the aspects of network, trust and reciprocal norm. Meanwhile, a number of researchers shows that global entrepreneurship is the internal and intangible resource necessary to promote SMEs' internationalization. Upon closer examination, however, they cannot explain clearly its influencing mechanism in the inter-firm cooperative relationships. This study is to verify the effect of social capital accumulated within global supply chain on SMEs' qualitative and quantitative export performance. In addition, we shed new light on global entrepreneurship expected to be concerned with the formation of social capital and the enhancement of export performances. For this purpose, the questionnaires, developed through literature review, were collected from 192 Korean SMEs affiliated in Korean Medium Industries Association and Global Chief Executive Officer's Club focusing on their memberships' international business. As a result of multi-regression analysis, the social capital - network, trust and reciprocal norm shared with global supply chain partner - as well as global entrepreneurship - innovativeness, proactiveness and risk-taking - have positive effect on SMEs' export performances. Also global entrepreneurship affects positively social capital which has mediating effect partially in the relationship between global entrepreneurship and performances. These results means that there is a structural process - global entrepreneurship(input), social capital(output), and export performances(outcome). In other words, a firm should consistently invest in and develop the social capital with global supply chain partners in order to achieve common goals, establish strategic collaborations and obtain long-term export performances. Furthermore, it is required to foster the global entrepreneurship in an organization so as to build up the social capital. More detailed practical issues and discussion are made in the conclusion.

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A Study on the Development of an Indirect Method in National Wealth Survey based on the Perpetual Inventory Method as an Alternative (국부통계조사 간접방법에 대한 대안 제시 : 영구재고법을 중심으로)

  • Cho, Jin-Hyung;Park, Sang-Hoon;Kim, Myung-Soo;Oh, Hyun-Seung;Jeong, Kyung-Soo;Seo, Bo-Cheol
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.29 no.3
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    • pp.43-54
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    • 2006
  • The National Wealth Survey Method has been used to estimate capital stocks in Korea by the Korea National Statistical Office in every 10 years. However, this method requires huge amount of time and money, Since the Benchmark Year Method also has similar problems of difficulties to estimate the annual retirement rate and depreciation, the Korea National Statistical Office is now considered to adapt the Perpetual Inventory Method being used by the most OECD countries as an alternative. Hence, in this paper, the concepts of the Perpetual Inventory Method are introduced and its formation plans for the National Wealth Survey are suggested.

The Study on the Effectiveness of an Anti-Submarine Defense Plan According to the Disposition of Surface Ships (수상함의 배치에 따른 대잠 방어계획 효과도 연구)

  • Yu, Chan-Woo
    • Journal of the Korea Institute of Military Science and Technology
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    • v.14 no.4
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    • pp.572-578
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    • 2011
  • In this paper, the result of study on the effectiveness of anti-submarine defense plan according to the disposition of surface ships has been proposed. The surface ship carries a hull mounted sonar(HMS) as a underwater sensor and a torpedo acoustic counter measure(TACM) as a soft-kill weapon against torpedo attacks from the enemy. Nowadays these underwater systems have been combined into a integrated anti-submarine warfare combat system. And in the real anti-submarine operation environment, several surface ships cooperate for executing ASW plans. Considering these ASW systems and the ASW environment, the models of underwater systems mounted on an surface ship and the a general model of anti-submarine defense plan are proposed. And we designed a scenario for conducting simulations to evaluate the ASW plan according to the variation of the range and the relative angle between surface ships and a capital ship. The simulation results show the effectiveness of ASW plan depends on the formation of surface ships and a capital ship.

The Concepts of the Landscape : An Interpretation of related Chinese Characters (경'과 관련 술어의 개념에 관한 고찰 : 관련된 한자어의 해석을 중 심으로)

  • 황기원
    • Journal of the Korean Institute of Landscape Architecture
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    • v.22 no.4
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    • pp.23-36
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    • 1995
  • This study aims at scrutinizing the etymological meanings and literal usages of the term Gyung perse so as to clarify the traditional concepts formualted in the northeastern Asian countries. Related classical dictionaries and literatures in Korea and China were consulted intensively. Strictly speaking, the compound word gyung-gwan(景觀) composed of gyung(景:seen objects) and gwan(觀:seeing) in terms of word formation is not the synonym of the English term Landscpe. The Chinese character Gyung(景) composed of the character il(日:the Sun) and the character gyung(京:royal palace or capital city) originally indicated a brilliant and beautiful view of the capital city seen in a clear and bright daylight. Thereafter this ideographic letter had been used to indicate an unusual view which is aesthetically and can be used as a typical landscape schema or a model. Due to intrinsic nature of this kind of view, the meanings of gyung had been extended connotativelly as well as denotativelly: the meaning worthy of note in terms of landscape studies ar l) visible object which places some physical and psychological distance from the observer; 2)the scene or the backdrop of a theater, 3)a defined vista. With these in mind, meanings and usages of related terms as Kwung(光:light or bright), Pung(風:wind or fresh). Chi(致:fine), Mul(物:object or world), Gae (槪:general), Seung(勝:outstanding or surpassing), Saek(色:color or colorful), which had produced diversified and delicate connotations through compounding with the etymon Gyung, were reviewed.

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The Impact of Trade Openness on Economic Growth: Evidence from Agricultural Countries

  • SIREGAR, Abi Pratiwa;WIDJANARKO, Nadila Puspa Arum
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.23-31
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    • 2022
  • The study investigates the effect of trade openness on the economic growth of agricultural countries. The information of export, import, gross domestic product (GDP), Gross Fixed Capital Formation (GFCF), and population of 72 agrarian nations generated by the World Bank from 2011 until 2020 is used for data examination. Then, before panel data analysis, a preferred model is chosen from among common-effects, fixed-effects, and random effects. The best model turns out to be a fixed-effect model. The result reports that from 2011 to 2020; 16 out of 72 nations have succeeded in experiencing positive economic growth, the value of GFCF was US$ 2,859.04 billion, and later grew by 19 percent to US$ 3,393.73 billion, the population tends to increase continuously year by year, and 2 out of 72 countries experienced export plus import exceed their GDP. Moreover, trade openness is positively associated with economic growth, with a coefficient of 3.81. Besides that, an increase in GFCF may boost economic growth by approximately 3.32 percent. On the contrary, one percent additional population significantly delivers around 25.46 percent negative economic growth. To sum up, the higher intensity of products or services sold and bought abroad may enhance the economic performance.