• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.8
• /
• pp.225-231
• /
• 2020

The paper aims to investigate the impact of trade integration on business cycle synchronization for the East Asian countries during 2005- 2017 based on the endogeneity hypothesis of Optimum Currency Area criteria. We test the determinants of business cycles by calculating bilateral trade, financial integration, and business cycle synchronization. Applying the system Generalized Method of Moments for dynamic panel data models, the results show that business cycle synchronization is highly associated with trade and financial integration. These findings confirm the endogeneity hypothesis that more trade integration will mitigate asymmetric shocks, and have a positive impact on the business cycle synchronization. The increased trade intensity and financial linkage lead to more correlated business cycles in East Asia. Apart from trade and financial integration, the trade structure differential, monetary policy similarity also influence the business cycle comovement. The significantly negative impact of trade structure differential on business cycle synchronization suggests that countries with less similar structures are more likely to undergo asymmetric shocks. The results also indicate that monetary policy matters for output comovement. This study recommends that the East Asian countries should focus on bilateral trade as well as financial integration with each other to reap benefits from the integration process.

• East Asian Journal of Business Economics (EAJBE)
• /
• v.12 no.2
• /
• pp.9-18
• /
• 2024

Purpose: This study compares Korean and Chinese consumers on the impact of customer equity on trust. Although there have been many studies regarding the impact of customer equity, most of them are limited to the retail and banking industry and mostly compare East and West cultures. Therefore, this study compares Korea and China within East Asia in the hotel industry. Research design, data and methodology: Based on reviews in the literature, this study explores different effects of customer equity on brand trust between Korea and China. To confirm the hypotheses, the research collected survey data from 186 Korean and 155 Chinese respondents. After confirming reliability and validity of measures, this study conducted a multiple regression to test proposed hypotheses. Results: The results of the study showed that all of three customer equities influences on trust positively in the hotel industry. Regarding comparing Korea and China, brand equity has stronger impact on trust in Chinese customers than South Korean customers, on the other hand, value equity and relationship equity had a slightly stronger positive effect in South Korea than in China. Conclusions: This study found significant differences between Korean and Chinese customers in the hotel industry. These results show that even two countries in the same region of East Asia, South Korea and China, are different. Also, this finding suggests that hotel management level should consider differentiating their marketing strategies for Korean and Chinese customers.

• Journal of the Korea Safety Management & Science
• /
• v.13 no.3
• /
• pp.123-132
• /
• 2011

Supply chain for the economic development of East Asian economic development model, the study's purpose is to establish. Korea, Japan, China, Russia and Asia, including North Korea and get the status of economic development by focusing on key issues and proposed solutions, within a few years of the coming of a new East Asian economic integration of new supply chain would like to prepare for the era. Weight The weight of the center to the center of East Asia, looking for techniques to approach the supply chain scenario, the economic development strategies and measures were studied. East Asia's economic potential value of the supply chain, identify and recognize the importance and benefits should be Presents detailed country-specific development strategies and leading Asian economies will have to pay the supply chain. Republic of Korea's leading East Asian economies in order to supply the industry, industry development strategy as detailed in the running to move. North and South Korea for economic integration, the era of supply-chain economy, you need to prepare calmly.

• International Area Studies Review
• /
• v.14 no.3
• /
• pp.477-498
• /
• 2010

This paper studies economic growth convergence conditioning on various characteristics of East Asian countries. Our findings suggest that when trade openness is conditioned in addition to human capital and investment, the economic growth rates for East Asian countries converge faster than when human capital and investment alone are considered. In particular, while Northeast Asian countries exhibit absolute economic growth convergence as well as economic growth convergence conditioned on trade openness, Southeast Asian countries show only economic growth convergence conditioned on trade openness. Analysis of policy implications based on the results of the first East Asian countries' high dependence on foreign trade, trade openness in the convergence of economic growth has had a significant positive effect. Second, in order to establish a regional economic integration in East Asia, Northeast Asia and Southeast Asia, the country's economic growth is necessary to reduce the gap.

• Journal of Contemporary Eastern Asia
• /
• v.17 no.1
• /
• pp.1-4
• /
• 2018

• Proceedings of the KSR Conference
• /
• 2005.11a
• /
• pp.494-499
• /
• 2005

Transportation routes by land like a human being blood vessel should exist for economic and trade exchange in Northeast Asia. Thinking from this point of view. I believe that TSR(Trans Siberian Railroad) and TCR(Trans Chinese Railroad). which will be connected with I would like to talk about .not only the effects of various international railroads and their connections but also economic activation TKR(Trans Korean Railroad). can play important roles. In this study, and effects in Northeast Asia which will be resulted from various international railroads construction. I tried to figure out comparative superiority and comparative advantage of the trade structure and industries in South and North Korea to find out the possibility of economic unification in East Asia. especial1y in Northeast Asia. This study also includes the effort to find out how trade exchange between South and North Korea can be expanded as a result of being a member of East Asia economic zone.

• The Journal of Fisheries Business Administration
• /
• v.40 no.2
• /
• pp.71-103
• /
• 2009

This study is designed to propose the ways of the multilateral cooperation system for effective management of fisheries resources in the various overlapping zones established by bilateral fisheries agreements between Korea, China and Japan in North East Asia as semi-enclosed sea. It is necessary to build multilateral fisheries cooperation between Korea, China and Japan in North East Asia because conservation & management of transboundary fish stocks could not be guaranted effectively by the management of fisheries resources in the area where piled up the current-fishing-pattern zone, as white zone and the various grey zone as middle zone, and the interim measures zone of bilateral fisheries agreements between Korea, China and Japan are piled up. Fisheries management in Korea, China and Japan by the bilateral fisheries agreements in North East Asia is faced with difficulties manage fisheries resources. International relationship on fisheries is maintained by bilateral fisheries agreements based on UNCLOS. However fisheries resources are over-exploited and the recovery of the fisheries resources is very slow because proper conservation and management of transboundary fish stocks which article 63(1) of UNCLOS defines have not prepared yet. Thus close cooperation among the coastal States for a proper conservation and management of transboundary fish stocks is necessary. Since the transboundary fish migrate within the EEZs of two or more coastal States, there is a need to manage the fish stocks in the region between Korea, China and Japan through a multi-lateral mechanism at ccircumference area of the current-fishing-pattern zone as white zone. Coastal States must guarantee sustainable maintenance of transboundary fish stocks through the regional cooperation for a proper conservation & management because one coastal State alone could not guarantee conservation and management of fish stocks. Thus there is a need to build multilateral fisheries cooperation between Korea, China and Japan in North East Asia. There are many successful instances including the Barents' sea for a proper conservation & management of transboundary fish stocks. The Barents' sea is one of the best research object to study the regional cooperation for a conservation & management of transboundary fish stocks in North East Asia. In conclusion, it is necessary to build a multilateral fisheries cooperation system between Korea, China and Japan in North East Asia to conserve and manage transboundary fish stocks effectively. It seems desirable that the range of the area to conserve and manage fish stocks should may be any partial area in the current-fishing-pattern zone and interim measures zone between Korea and China, Jeju middle zone between Korea and Japan, interim measures zone of bilateral fisheries agreements between China and Japan.

• Journal of Contemporary Eastern Asia
• /
• v.12 no.2
• /
• pp.61-87
• /
• 2013

This study applies grounded theory to develop an emic substantive theory of regional integration in Greater East Asia. The role of norms and policies is explored through discursive content analysis of a wide theoretical sample of official elite policy statements dealing with regionalism and related policy areas. A resulting model of regional integration titled "Harmony through Holistic Engagement" is then discussed in relation to the etic consensus on the phenomenon. The study concludes that the etic consensus on the nature of regional integration in Greater East Asia greatly differs from the results of an emic approach and thus reflects a normative consensus rather than a descriptive reality.

• 한국신재생에너지학회:학술대회논문집
• /
• 2008.05a
• /
• pp.150-153
• /
• 2008

Since the solar radiation is the main input for sizing any solar photovoltaic system, it will be necessary to understand and evaluate the solar radiation data. The works presented here are the analysis of solar radiation data for East Asia areas. The data, which consist of the global radiation on horizontal surface, were measured at 16 different stations over the South Korea and were estimated by using satellite at 12 different stations over the North Korea from 1982 to 2004. Also the data over the Japan have been collected for 30 years for the period from 1941 to 1970. The Result of the analysis shows that the annual-average daily global radiation on the horizontal surface is 3.55 kWh/$m^2$. We conclude, based on the analysis, that East Asia areas have sufficient solar energy resources for the photovoltaic power generation system.

• Journal of the Korea Institute of Military Science and Technology
• /
• v.5 no.3
• /
• pp.11-22
• /
• 2002

In this paper, a statistical meaning that the 1% frequency value which is used as a basis for the temperature specification generation for weapon systems is similar to $3{\sigma}$ frequency value of a year is presented, and the theoretical reference for temperature specification generation is made. The new method which extracts the 1% frequency value from general weather data, not depending on long term temperature hour data, is established, and the temperature analysis result of East Asia is also presented by using this method. On the basis of these result, operational temperature for the weapon systems to be used in the area of East Asia is recommended.