• Title/Summary/Keyword: Economic Distance

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East Asian Trade Flows of Cultural Goods: A Gravity Model Approach

  • Yu, Shasha;Park, Eui Burm
    • Asia-Pacific Journal of Business
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    • v.2 no.1
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    • pp.49-73
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    • 2011
  • With the market evaluation of economic globalization exchanges between different cultures, cultural trade has been developing at an accelerated speed, and also playing an important role in East Asian intra-regional trade. In this research the author used gravity trade model to explain the causal relationship between dependent variable trade flows and several independent variables applying with five categories cultural goods which classified in HS codes. Firstly for cultural heritage trade flow, the results indicated that economic masses of bilateral countries have no significant influences on it; GDP per capita of host country and adjacency factor with partner country have significant negative influences on it; Internet coverage ratio has improved cultural heritages exchanges in East Asian regions. Secondly for printed matter cultural goods trade flow, the distance factor has significant negative influence but common language has significant positive influence on it. Thirdly for recorded media cultural goods, only economic masses and GDP per capita of bilateral countries can improved their trade flows. Fourthly for visual arts cultural products trade flows, almost all variables we tested have significant influences on it. Fifthly for cinema photography cultural goods trade flow, the influenced factor are same with cultural heritage products except they have strong positive interaction relationship with economic masses and common language. At last, the paper figured out some important and potential sectors for cultural goods trade in East Asia and gave some suggestions to government and cultural goods product enterprises.

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A Study on the Development Status and Economic Impacts of Drone Taxis (드론택시의 개발현황 및 경제적 파급효과 분석)

  • Choi, Ja-Seong;Hwang, Ho-Won
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.28 no.4
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    • pp.132-140
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    • 2020
  • The development status was studied to predict the concept of how drone taxis would be presented in daily life. the results of the analysis on traffic effects of drone taxis showed that they would be an innovative transportation option that could reach a distance of 60km, which would typically take an hour by car, within twenty minutes. Moreover, the economic analysis of existing aircraft development was limited to production (development investment) of the input budget. However, since the drone taxi is a new transportation system, an overall traffic platform, such as its own terminals, would need to be established. So, the production inducement effect was analyzed by dividing input budget into three factors; production, infrastructure, and service. The results indicate this to be an innovative project expected to have an economic ripple effect and reach a total of 24 trillion won after an investment of 13 trillion won (production + infrastructure + service) in Korea from 2020 to 2040.

An Economic Feasibility Analysis of a Hydrogen Fuel-Cell Vehicle Considering GHG (GHG를 고려한 수소연료전지 자동차의 경제성 분석)

  • Yang, Moon-Hee;Gim, Bong-Jin;Kim, Jong-Wook
    • New & Renewable Energy
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    • v.1 no.3 s.3
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    • pp.42-50
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    • 2005
  • This paper deals with the economic feasibility model and analysis of a hydrogen fuel-cell vehicle [FCV] against two similar types of non-business vehicles fueled with gasoline [GV] and diesel [DV] considering greenhouse gas [GHG]. Considering the price of vehicles and annual operating cost, we build a classical economic feasibility model. Since the economic feasibility could be affected by many input factors such as the prices of vehicles, the price of fuels, annual driving distance and so on, we estimate the average future values of input factors, which is defined as "the average case". Based on the average case, we assess the representative economic feasibility of a FCV with/without GHG, and by changing various annual driving distances, we assess its economy in terms of net-present value, internal rate of return, and payback period. In addition, we make some sensitivity analysis of its economic feasibility by changing the values of the critical input factors one at time. Based on the average case, it turns out that the consumer of a FCV could save 25,000 won/year for a GV, but the consumer could pay 120,000 won/year more for a DV. This indicates that gasoline vehicles could be replaced gradually by FCVs in Korean market which might be formed by those consumers driving annually more than approximately 14,800 km. As the results of our sensitivity analysis, it turns out that a FCV is no more economical if the difference of the prices between FCV and GV is more than 10,130,000 won or the price of hydrogen fuel could be more than 5,136 won/kg.

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A Study on the Relationship Between Institutional Distance and Outward Foreign Direct Investment: the Case of China (제도적 거리와 해외직접투자의 관계에 관한 연구: 중국을 중심으로)

  • Ya-Xin Lin;Cheon Yu;Yun-Seop Hwang
    • Korea Trade Review
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    • v.48 no.4
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    • pp.23-45
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    • 2023
  • This study aims to investigate the relationship between institutional distance and FDI and focuses on China's outward FDI. The institutional distance between China and the host country is measured using the institutional quality published by the World Bank. This study collects panel data from 50 countries in which China invested from 2008 to 2019 and use the panel GLS methodology to examine the factors affecting outward FDI through three models. First, this study examines the impact of the absolute value of institutional distance on China's OFDI across all countries in which China invests. Second, this study divides countries with positive and negative institutional distance to China into two groups and examine the relationship between institutional distance and OFDI in each group. Finally, this study examines the non-linear relationship between institutional distance and OFDI from China. To test this, this study adds the squared term of institutional distance to the model. The results of the analysis are as follows Institutional distance is positively related to China's OFDI. The relationship between institutional distance and OFDI is inverted U-shaped in the group of host countries with relatively higher institutional quality than China, but positive in the group of low-quality host countries. In addition, China's OFDI is affected by a combination of institutional and economic factors. The results of this study have implications not only for FDI host countries but also for MNCs' choice of FDI destinations.

Prediction of Peak Ground Acceleration Generated from the 2017 Pohang Earthquake (2017년 포항지진으로 인하여 발생된 최대지반가속도 (PGA)예측)

  • Jee, Hyun Woo;Han, Sang Whan
    • Journal of the Earthquake Engineering Society of Korea
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    • v.22 no.3
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    • pp.211-217
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    • 2018
  • The Pohang earthquake with a magnitude of 5.4 occurred on November 15, 2018. The epicenter of this earthquake located in south-east region of the Korean peninsula. Since instrumental recording for earthquake ground motions started in Korea, this earthquake caused the largest economic and life losses among past earthquakes. Korea is located in low-to moderate seismic region, so that strong motion records are very limited. Therefore, ground motions recorded during the Pohang earthquake could have valuable geological and seismological information, which are important inputs for seismic design. In this study, ground motions associated by the 2018 Pohang earthquake are generated using the point source model considering domestic geological parameters (magnitude, hypocentral distance, distance-frequency dependent decay parameter, stress drop) and site amplification calculated from ground motion data at each stations. A contour map for peak ground acceleration is constructed for ground motions generated by the Pohang earthquake using the proposed model.

Application of Response Surface Methodology for optimize the Biostimulant ball and stabilize Heavy metals pollutants in contaminated coastal sediments

  • Song, Young-chae;Subha, Bakthacachallam;Woo, Jung Hui
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2015.07a
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    • pp.179-180
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    • 2015
  • The variety of organic and inorganic pollutants are introduced to coastal sediment and making highly contaminated due to rapid development of industralization and economic development. Numerous contaminants are release into marine sediment and it significantly affect marine aquatic environment. In the present study stated the optimize the biostimulant ball (BSB) in coastal sedimentand stabilse the heavy metals present in the sediment. The effective variables like BSB size, distance and month variables on Cu stabilization was determined by using Response surface methodology(RSM). The analysis of variance (ANOVA) and coefficient determination (R2) of Cu reduction 0.9610 and maximum stabilisation was obtained in 3cm ball size and 5.5cm distance and 4 month interval time. This result revealed that the BSB in effective for Cu reduction in coastal sediment.

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Influence of Flux Density of Electric Leakage Area by Inundation (침수에 의한 누전지역의 자속밀도 영향)

  • Choi, Woon-Shik;Kim, Tag-Yong;Kim, Jin-Sa
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.6
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    • pp.1109-1113
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    • 2010
  • Recently, important for the safety has been increasing together economic developments. The leakage only is measured by the voltage difference. This method is a way to contact the electric leakage area. It can cause electric shock at users. We propose a non-contact method to detect a short circuit in this paper. We investigate magnetic field at electric leakage area to present non-contact method. Simulated environment created a short circuit in the flooded areas. Voltage is supplied 50, 150 and 200[V]. Magnetic field was measured at 0, 5 and 10[cm]. Magnetic flux was reduced about $0.4[{\mu}T/cm]$ depending on the distance changes in the steady region. But we confirmed that magnetic flux is measured the same value depending on the distance changes in the electric leakage area.

Access Time Distribution of Subway Users (지하철 이용자의 접근시간분포)

  • 김동녕
    • Journal of Korean Society of Transportation
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    • v.4 no.1
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    • pp.28-40
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    • 1986
  • Accurate subway demand estimation which is essential for better route selection can be achieved by the exact definition of the influence sphere of subway station. The influence was derived implicitly from the analysis of access time to the station for the cases of Seoul. Access time distribution was investigated by trip purposes, by age, by income, by sex, by travel distance, by kinds of thickets, by the location of station for the analysis of relationship between access time and socio-economic characteristics or urban structure. The difference of average access time between direct access trip and transfer trip which is found 8.6 minutes and 6.1 minutes respectively also investigated. The small difference implies poor transfer system of Seoul subway. 83.1% of subway users are coming from the distance of 10minutes' walk and average access time is 7.8minutes as a whole.

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A Study of Analysis for Domestic Airport Efficiency Considering Undesirable Output (유해산출물을 고려한 국내 공항 효율성 측정에 관한 연구)

  • Kang, Dalwon;Jeong, Donghun;Jeon, Seungjoon
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.26 no.4
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    • pp.27-35
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    • 2018
  • Recently, Intense competition is expected to bring about continuous change with the rapid global aviation industry. In particular, domestic passenger demand has been steadily increasing over the past five years, with domestic and international shipments growing at a CAGR of 8.4% and 10.0%, respectively. In addition to the economic value of the airport, social interest due to greenhouse gas emissions is also rising. In this study, we analyzed the efficiency of airport operation by using DEA model(Directional Technology Distance Function) considering undesirable output for 14 airports in Korea. As a result of analysis, all airports except Gimhae, Yangyang, Cheongju and Yeosu were analyzed as efficient airports. However, only Gimpo, Gimhae, Jeju, Muan, Daegu and Gwangju were analyzed as efficient airports considering the undesirable output.

Adult Children's Perception of Types of Relationships with Elderly Parents (성인자녀가 지각하는 노부모와의 관계유형에 관한 연구)

  • An, Jeong-Shin;Mun, Jung-Hee;Jeong, Yeo-Jin;Chong, Young-Sook
    • The Korean Journal of Community Living Science
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    • v.26 no.1
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    • pp.19-38
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    • 2015
  • This study explores the types of relationships between 410 adult children and their elderly parents based of exchange theory and the Konstanz model. In terms of the exchange of emotional, instrumental, and economic support based on exchange theory, the types of relationships identified included "support offers," "reciprocity," and "support benefits." In terms of conflict, intimacy, support offers, support benefits, and support obligations for adult children based on the Konstanz model, the type of relationships with the father included "an intimate exchange," "conflictual distance," "a conflictual sense of duty," and "a flexible exchange." The type of relationships with the mother included "an intimate exchange," "conflictual distance," "separate distance," and "a conflictual offer." There were no distinct characteristics of relationship types based on exchange theory. However, there were differences in characteristics of relation types based on the Konstanz model by gender. These results have important implications with respect to the Western model.