• Title/Summary/Keyword: Economic Indicators

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An Analysis of Economic Effects on the Investment of Measurement Standards by Cost Function (비용함수에 의한 측정표준투자의 경제적 효과 분석)

  • 남경희;이병민;김동진
    • Journal of Korea Technology Innovation Society
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    • v.4 no.2
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    • pp.172-181
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    • 2001
  • This is a paper to understand the economic effects of the measurement standards by translog cost function. The data, as of the end of 1998, are from a survey of 514 firms in Korean industry. The analysis is compared to that of 1992 data analysis to check the trend. There are a little differences on the estimated coefficients, but there is no basic difference on trend of economic effects. The Investment on measurement standards have been contributed positively on the major managerial indicators such as productivity, profit, and so on.

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Rule of Law, Economic Growth and Shadow Economy in Transition Countries

  • LUONG, Thi Thuy Huong;NGUYEN, Tho Minh;NGUYEN, Thi Anh Nhu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.4
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    • pp.145-154
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    • 2020
  • The paper aims to investigate the interactions between rule of law, economic growth and the shadow economy in 18 selected transition economies. This study uses annual data over the period 2002-2015 for 18 transition countries to estimate the effects of rule of law and other factors on the size of shadow economy. The transition country group is classified based on International Monetary Fund resources and is selected on the basis of the availability of data. The data examined in this research are derived from the World Bank, Worldwide Governance Indicators project and Working Paper from International Monetary Fund. This study employs GMM method. The results show that the economic growth indicators have negative and statistically significant impact on the shadow economy. Additionally, these results also reveal that in transition countries the size of shadow economy is negatively related to the quality of rule of law. However, the findings of this research also point out that there are positive relationships between inflation, public expenditure and the size of shadow economy. Hence the results from this study suggest that the size of shadow economy could be controlled by improving the effectiveness of rule of law and the growth of economy particularly in transition countries.

Socio-economic Indicators Based Relative Comparison Methodology of National Occupational Accident Fatality Rates Using Machine Learning (머신러닝을 활용한 사회 · 경제지표 기반 산재 사고사망률 상대비교 방법론)

  • Kyunghun, Kim;Sudong, Lee
    • Journal of the Korea Safety Management & Science
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    • v.24 no.4
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    • pp.41-47
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    • 2022
  • A reliable prediction model of national occupational accident fatality rate can be used to evaluate level of safety and health protection for workers in a country. Moreover, the socio-economic aspects of occupational accidents can be identified through interpretation of a well-organized prediction model. In this paper, we propose a machine learning based relative comparison methods to predict and interpret a national occupational accident fatality rate based on socio-economic indicators. First, we collected 29 years of the relevant data from 11 developed countries. Second, we applied 4 types of machine learning regression models and evaluate their performance. Third, we interpret the contribution of each input variable using Shapley Additive Explanations(SHAP). As a result, Gradient Boosting Regressor showed the best predictive performance. We found that different patterns exist across countries in accordance with different socio-economic variables and occupational accident fatality rate.

Comparison of National Occupational Accident Fatality Rates using Statistical Analysis on Economic and Social Indicators (경제⋅사회지표의 다변량 통계 분석을 활용한 국가 간 산업재해 사고사망 상대수준 비교)

  • Kyunghun, Kim;Sudong, Lee
    • Journal of the Korean Society of Safety
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    • v.37 no.6
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    • pp.128-135
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    • 2022
  • The comparative evaluation of occupational accident fatality rates (OAFRs) of different countries is complicated owing to the differences in their level of socio-economic development. However, such evaluation is necessary to assess the national occupational safety and health system of a country. This study proposes a statistical method to compare the OAFRs of countries taking into consideration the difference in their level of socio-economic development. We first collected data on the socio-economic indicators and OAFRs of 11 countries over a 30-year period. Next, based on literature survey and statistical correlation analysis, we selected the significant independent variables and built multiple linear regression models to predict OAFR. We also determined the groups of countries having heterogeneous relationships between the independent variables and OAFRs, which are represented by the regression models. The proposed method is demonstrated by comparing the OAFR of Korea with the OAFRs of 10 other developed countries.

Derivation of Indicators for Value Assessment of School Gardens

  • Hong, In-Kyoung;Yun, Hyung-Kwon;Jung, Young-Bin;Lee, Sang-Mi
    • Journal of People, Plants, and Environment
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    • v.23 no.4
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    • pp.433-443
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    • 2020
  • Background and objective: The boom in urban agriculture has also resulted in the creation of many school gardens. With the increase in various hands-on education programs, people are interested in assessing the value of school gardens. This study was conducted to derive indicators for service value assessement of educational farming experience using school gardens. Methods: Through literature review, we selected assessment items and sub-factors. The indicators for evaluating the effectiveness of school gardens are classified using the Delphi method that involve a focus group experts. In order to increase the reliability and validity of the selected and classified items, an exploratory factor analysis was conducted. In addition, the relative importance and priority of each factor in each field were assessed using the analytic hierarchy process (AHP). Results: We classified the indicators into 4 criteria and come up with 13 items and 33 sub-factors in educational value, health value, economic value, and ecological and environmental value. Most of the items for the 4 value criteria derived were significant for assessing the value of agricultural experience services with content validity ratio (CVR) higher than 0.59 and reliability higher than .6 . In the value criteria, the experts rated educational value as the most important, followed by health value, ecological and environmental value, and economic value. In the assessment items, the most important was improvement of social functions. In the sub-factors, the most important was strengthening of ties (friendly interactions). Conclusion: Among the derived indicators assessing the value of school gardens, 4 criteria, 12 evaluation items and 29 sub-factors showed significance. The schematic index would be useful for the assessment.

A Study on the Outcome Indicators for Measuring Public Libraries´ Impact on the Community (공공도서관의 지역사회에 대한 영향력 평가 지표 개발에 관한 연구)

  • Cha, Mi-Kyeong
    • Journal of the Korean Society for Library and Information Science
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    • v.37 no.4
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    • pp.311-328
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    • 2003
  • Outcome indicators measuring public libraries´ impact on the community and individual community members have a great utility on the accountability improvement better management and role enhancement. This study identifies such areas of demonstrating public library impacts as economic value, social contribution, and information literacy, by literature review. A framework pertinent to develop public library outcome indicators is suggested for implementing outcome based evaluation in an individual public library´s environment.

Evaluating Coastal Wetland Using Environmental Indicators (환경지표를 이용한 연안습지의 평가)

  • 이동근;방광자
    • Journal of Korean Society of Rural Planning
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    • v.4 no.2
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    • pp.70-78
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    • 1998
  • The objective of this study was to enforce systematic evaluation on the present condition and ecosystem of coastal wetland to use frame of environmental indicators, For this, the indicators for evaluation of coastal wetland were established and were applied to the present condition. Then, the application possibility of this evaluation indicators and management method by group of coastal method are presented. These results present the following consideration in case that the ideal management method on the conservation and development of coastal wetlands was proposed. In case of Kang-hwa island which had the good natural environment, the mlnimum development with maintenance of the present state must be driven. In case of Tae-an which had the good natural environment and development potential, the development that was in harmony with the nature must to be driven. In case of Seo-chon which was previously developed region, the various development programs which had the minimum effects on the natural, living and socio $.$ economic environment must to be provided.

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A Study on Development of Classification Indicators in Transportation Sector Energy Conservation DB (에너지절약 DB 구축을 위한 수송부문 분류지표 설정)

  • Lim, Ki Choo
    • Journal of Energy Engineering
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    • v.25 no.3
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    • pp.149-156
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    • 2016
  • This paper surveyed and analyzed cases of DB development overseas to set the range of DB to be developed for analyzing energy-saving policies in the domestic transportation sector. The foregoing prerequisites were used to establish system for classification in the broad scale under which system for classification in detail indicators that suit one in the broader indicators was set based on analysis of domestic / overseas cases to determine DB development range in the transportation sector required to analysis domestic energy-saving policies. Accordingly, six items subject to the broadest classification were determined, i.e. energy consumption, energy basic unit, emissions of greenhouse gas, economic indicators, transportation volume / transportation records and basic automobile data. Large classification and sub-items determined by surveying expert opinions were set and proposed as DB classification indicators.

The Impact of Income Inequality on Economic Growth: Empirical Evidence from Vietnam

  • HIEN, Luong Quang
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.305-312
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    • 2022
  • Each country's economic progress creates opportunities for its citizens to raise their income. Meanwhile, the country has secured the people's social security policies, particularly the protection of income equality, to promote harmonious and sustained economic development. Vietnam has been located in a dynamic economic development area in Southeast Asia since the 1986 economic reforms, with an annual growth rate of around 7%. Meanwhile, having achieved a middle-income status of roughly 3500 USD per person per year, Vietnam is attempting to maintain income equality and access to welfare systems for its inhabitants. As a result, the primary goal of this study is to use an autoregressive distributed lagged model to investigate the effects of income inequality and other economic factors such as foreign direct investment and trade openness on Vietnam's economic growth from 1992 to 2019. The research focuses attention on literature on income inequality, economic development indicators, and economic development in unique ways in this study. Income inequality slows the rate of change in economic development in the same year, according to our findings. Finally, the study will make policy suggestions to the Vietnamese government.