• Title/Summary/Keyword: Country-Level

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Effects of Foreign Direct Investment and Human Capital on Labour Productivity: Evidence from Vietnam

  • LE, Nguyen Hoang;DUY, Luong Vinh Quoc;NGOC, Bui Hoang
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.123-130
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    • 2019
  • The paper aims to investigate whether foreign direct investment (FDI) has positive effect on the labour productivity in Vietnam. Labour productivity is the elemental determinant of a country's development level in long-term. In recent years, although increasing consistently, labour productivity of Vietnam remains low in comparison to other South East Asian countries. To identify the direction of effect and the level of effect of FDI and human capital on the labour productivity of Vietnam, Autoregressive Distributed Lag (ARDL) model was used to examine the effect of FDI and human capital on labour productivity in Vietnam from 1986 to 2014. The results of bounds test confirm the existence of cointegration among the variables. Further, the Toda and Yamamoto Granger causality test affirms that there is unidirectional causality running from foreign direct investment and human capital index to labour productivity. The empirical results provide strong statistical evidence that foreign direct investment and human capital has a positive impact on labour productivity in Vietnam in long-term. These findings imply that workers are expected to further improve their knowledge, skills and that policy-maker should establish concrete plans to increase human capital. Results from this study provide suggestion necessary for Vietnam to achieve sustainable development.

A Study on the Marginal Efficiency of Educational Investment (교육투자의 한계효용에 관한 이론적 고찰)

  • 이귀환
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.1 no.1
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    • pp.11-26
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    • 1978
  • Economic development is usually identified with the increased of G.N.P and capital formation connected directly wi:11 the net increase of land, structure, commodity, stocks and foreign claims, etc. The increase of G.N.P. is driving at capital formation. The usual concept of capital formation for economic development misses the important productivity factor of human capital. Because it is now increasingly realized that a massive injection of material into production will 11 not necessarily explain a successful productivity unless that country already possesses 1 suitable human capital. Human capital is built of educational investment which is related to the physical capital. Many statistical investigations identified this reality. Of late years, a great crowd of economists studying an the problem of economic development have turned their attention towards human capital. Thereupon, this paper has dealt with the fact that educational investment affects physical capital and employment. The qualitative increment of human capital will increase the productivity but excessive expenditure on human capital will squander a physical capital. In designing a strategy of human capital for economic development, one needs to consider tile level of educational investment because educational investment of developing countries will be accasionaly made or marred by investment level and direction.

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Comparative Study on the Trust and Purchase Intention of Korean and Chinese Consumers by Web Design Factors of Open Market Websites

  • Choi, Yean;Lee, Yu-Ri
    • International Journal of Costume and Fashion
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    • v.12 no.1
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    • pp.65-82
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    • 2012
  • This study examines open market websites of Korea and China and identifies differences in the web design factors so as to verify how the design factors affect consumers' trust and purchase intention in the open market websites. Two hundred consumers, respectively in Korea and China, filled out survey questionnaires. According to the survey result, design factors of open market websites of both countries consisted of context, contents, communities, communication, connectivity and commercial transaction; and trust-building factors were comprised of customer services, product perception and security perception. This study found that there was no significant difference in the design factors of open market websites between the two countries, but trust levels in accordance with design factors and purchase intention in accordance with trust level differed by country. Therefore, this result would help Korean companies targeting Chinese consumers understand that there are differences between Korean and Chinese consumers in their trust level and purchase intention in accordance with open market website designs; encourage Korean online shopping malls to move to the Chinese market; and provide rich insights into developing marketing plans based on the different web design factors of Korean and Chinese open markets.

A study on the construction and application of administrative boundary (행정경계 구축 및 활용방안에 관한 연구)

  • Choi Yun-Soo;Park Ji-Hye;Kwon Jay-Hyoun;Mun Yong-Hyeon
    • Proceedings of the Korean Society of Surveying, Geodesy, Photogrammetry, and Cartography Conference
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    • 2006.04a
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    • pp.381-386
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    • 2006
  • Currently, 1/5,000 Digital Topographic Map covers the whole country with administrative boundary of Gu, while some region has already been constructed with 1/1,000 digital topographic map has legal boundary of Dong. Here, Dong in 1/1,000 scale represents the legal boundary which is used in the address most of time. Therefore, there is no administrative-Dong yet although it is very useful in various fields. In this study, we suggested a method to construct the administrative boundary extending to the level of Dong empirically. In addition, the practical application of the administrative boundary in GIS is discussed. Two methods are applied to construct the administrative boundary to the level of administration-Dong; using the edited cadastral map and the digital topographic map. When the edited cadastral map is used, some problems such as boundary discordance to superordinate administrative area is appeared. On the other hand, using digital topographic map showed simple construction processes and easy connection with other framework data. Therefore, it is recommended that the digital topographic map should be used in the construction of the administrative boundary It would be useful as framework data in various industries and public operations.

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Research Trend Analysis on International Research Collaboration in Regard to Antarctic Studies (남극연구에 대한 국가 간 협력연구 동향 분석)

  • Jang, Duckhee;Choi, Yong-Jin;Kim, Jin-Young
    • Ocean and Polar Research
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    • v.38 no.3
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    • pp.209-224
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    • 2016
  • The purpose of this study is to analyze research activities related to Antarctic science through a bibliographic study and to understand and evaluate the implications. This study is based on 78,445 articles which were retrieved from the Science Citation Index(SCI) database during the period 1998-2015. Through a quantitative analysis and a Social Network Analysis, we made several findings and drew out the implications. First, many countries, in general, have increased multi-national research cooperation in order to enhance research productivity. However, Korea's cooperative research activity is below the average level. Second, considering the 4 centrality indexes, which are derived from the SNA, Korea had a lower score in terms of centrality indexes. Based on these findings, Korea should formulate a more dynamic or proactive strategy in order to enhance its participation in international research cooperation efforts. Korea, the 10th country to build two or more research bases in Antarctica, should make greater efforts to bring the appropriate level of the phase.

A Study on Matters to be Attended when Drafting National Treatment Clause in International Investment Treaty (투자협정상 "내국민대우(National Treatment)" 조항 작성시 유의사항에 관한 연구)

  • Oh, Won-Suk;Seo, Kyung;Li, Jing-Hua
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.49
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    • pp.519-544
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    • 2011
  • Clauses on national treatment in the bilateral investment treaties including FTA state that, the foreign investor and his investments are 'accorded treatment no less favourable than that which the host state accords to its own investors'. Hence the purpose of the clause is to oblige a host state to make no negative differentiation between foreign and national investors when enacting and applying its rules and regulations and thus to promote the position of the foreign investor to the level accorded to nationals. As a matter of legal drafting technique, while the basic clause is generally the same, the practical implications differ due to more or less wide-ranging exemptions of certain business sectors. It is generally agreed that the application of the clause is fact-specific. This paper deals with problems in drafting clauses on national treatment in practice, introduces several considerations to adjust the level of national treatment, so it can be made more represents the interest of our country.

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Surgical Resection of Intralobar Pulmonary Sequestration Misconceived of the Lung Abscess -1 Case Report- (폐농양으로 오인한 폐엽내형 폐격리증 수술 치험 1례)

  • Kim, Jae-Ryeon;Im, Jin-Su;Choe, Hyeong-Ho
    • Journal of Chest Surgery
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    • v.28 no.8
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    • pp.797-800
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    • 1995
  • Pulmonary sequestration is an uncommon congenital pulmonary malformation characterized by presence of nonfunctioning lung tissue which receives its blood supply mostly from the anomalous systemic arteries - descending thoracic aorta or abdominal aorta, subclavian artery, innominated artery and internal mammary artery, etc. In our country, 39 cases were reported previously. The patient was a 40 years old woman and admitted due to productive cough for 1 year. The chest X-ray and chest C-T showed a dense mass containing a large cavity with air-fluid level and multiple radiolucent cysts in the right lower lung field. On the operative field, we could identify an aberrant large artery [ $\phi$7mm which arose directly from the descending thoracic aorta at eighth thoracic spinal level and fed the sequestrated portion of the right lower lobe. The aberrant artery was double ligation after division. Only sequestrated lobe on the superolateral lesion of the right lower lobe was resected because of nonseparated lobes in all the right lobes. An abnormal vein and bronchiole were ligated with black silk. The patient`s postoperative course was unevenful.

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The Determinants of Population Health in OECD countries (OECD 국가들의 건강수준 결정요인)

  • Tchoe, Byong-Ho;Nam, Sang-Ho
    • Health Policy and Management
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    • v.20 no.1
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    • pp.1-18
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    • 2010
  • This article examines social determinants of population health in OECD countries, where life years, infant mortality, and PYLL are used as proxy variables of health. The unit of analysis is a country which is the OECD affiliate. A panel regression estimation is chosen as a method, using OECD Health Data. The results are: the increasing national health expenditure affected positively to improve population health. Education was rather a significant determinant of health than income level. The government direct investment for public health did not contribute positively to enhance population health. The expansion of health care coverage was working positively for improving health, but with a time lag. The supply of doctors was a most influential determinant of health. In case of Korea, the coverage expansion of health care was the most important determinant of health. The supply of doctors was, however, not a positive factor for better health, which is different result with the case of OECD countries.

The Effects of Economic Freedom on Firm Investment in Vietnam

  • LE, Anh Hoang;KIM, Taegi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.3
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    • pp.9-15
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    • 2020
  • This paper investigates how economic freedom affected firm investment in Vietnam. In the globalization decade, economic freedom has been an important policy to support economic development in Vietnam. Improvements in economic freedom, such as capital freedom and domestic credit freedom, allow firms to access external finance more easily, so that the firm's investment depends less on internal cash flow. In a developing country, on the drawbacks, many small and medium firms likely have more challenges if the government would not give any subsidies. The higher level of freedom may exacerbate the financing constraints of less competitive firms. We analyze unique firm-level data from 2006 to 2016, which includes listed firms on two major stock exchanges and unlisted firms in the Unlisted Public Company Market. The article also considers how economic freedom affects small firms and large firms differently. Our results show that capital freedom and domestic credit freedom played an important role in investments for Vietnamese firms. However, we cannot find evidence that overall economic freedom relaxed the financial constraints on firms. Additionally, we suggest that small firms likely gain more advantage in access to external finance than do larger firms when the government removes restrictions from capital movement and the domestic credit market.

IM Test and Evaluation of Reaction Level for Solid Rocker Motor (추진기관 둔감 시험평가 및 반응등급 판정)

  • Yoo, Ji-Chang;Kim, Chang-Kee;Min, Byoung-Sun
    • Proceedings of the Korean Society of Propulsion Engineers Conference
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    • 2011.11a
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    • pp.104-108
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    • 2011
  • Insensitive Munitions(IM) test methods and passing criteria of MIL-STS-2105D revised in April 2011 were studied since MIL-STD-2105(NAVY) had been created in 1982. Passing criteria of each IM tests has not been established because domestic database of IM tests for rocket motors was not enough, even though IM test and evaluation methods were well established with the same level of advanced countries. In this study, direction of the development for IM of our country was suggested through investigation and analysis of revised test methods and passing criteria.

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