• Title/Summary/Keyword: Economic Level

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Impulse Response of Inflation to Economic Growth Dynamics: VAR Model Analysis

  • DINH, Doan Van
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.219-228
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    • 2020
  • The study investigates the impact of inflation rate on economic growth to find the best-fit model for economic growth in Vietnam. The study applied Vector Autoregressive (VAR), cointegration models, and unit root test for the time-series data from 1996 to 2018 to test the inflation impact on the economic growth in the short and long term. The study showed that the two variables are stationary at lag first difference I(1) with 1%, 5% and 10%; trace test indicates two cointegrating equations at the 0.05 level, the INF does not granger cause GDP, the optimal lag I(1) and the variables are closely related as R2 is 72%. It finds that the VAR model's results are the basis to perform economic growth; besides, the inflation rate is positively related to economic growth. The results support the monetary policy. This study identifies issues for Government to consider: have a comprehensive solution among macroeconomic policies, monetary policy, fiscal policy and other policies to control and maintain the inflation and stimulate growth; set a priority goal for sustainable economic growth; not pursue economic growth by maintaining the inflation rate in the long term, but take appropriate measures to stabilize the inflation at the best-fitted VAR forecast model.

Nutrient and Food Intake of Koreans by the Economic Status and Meal Pattern Using 1998 Korean National Health Examination Nutrition Survey (1998년도 국민건강영양조사자료를 이용한 한국인의 경제수준별 끼니별 영양 및 식품섭취현황)

  • 문현경;김유진
    • Journal of Nutrition and Health
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    • v.37 no.3
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    • pp.236-250
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    • 2004
  • The objective of this study was to investigate difference in the diet by the kind of meal and the economic status. Nutrient contents at each meals were compared and differences in food intake at different meal were analyzed by economic status. Data from the 1998 Korean National Health Examination Nutrition Survey were used. Using the poverty line based on the 1998 Korean minimum cost of living, the subjects (n = 10400) were classified into high class (36.1%), middle class (40.7%) and low class (23.1 %). Most nutrient intakes were obtained for main meals regardless of economic status. For high class, breakfast, lunch, dinner and snacks bring about 21, 29, 30 and 19 % of total energy intake, for middle class 22, 29, 30 and 19% and for low class 24, 30, 30 and 16%, respectively. The high-middle class people tend to get more food intakes and nutrients at dinner and snacks, while the low class at main meals. This result was associated with the consumption of a smaller number of meals and a greater number of snacks daily as the economic level was going up (p 〈 0.05). Meals contributed to energy, protein and fat intake, and snacks to water, retinol and vitamin C. The food intakes by food group were different at meals by economic class. Seaweed product were popular breakfast foods in both middle and low groups. Thus three meals such as breakfast, lunch and dinner still delivered most of the energy and most of the macro-nutrients regardless of economic status.

The Impact of Financial Integration on Economic Growth in Southeast Asia

  • Bong, Angkeara;Premaratne, Gamini
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.107-119
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    • 2019
  • This paper examines the impact of financial integration on economic growth in Southeast Asia over the period 1993-2013. This paper further investigates whether the relationship depends on the level of financial and economic development, government corruption, and macroeconomic policy. These questions raise important issues both from a theoretical and a policy perspective. We employ the generalized methods of moment (GMM) in the dynamic panel estimation framework to analyse several factors, including initial income, initial schooling, financial development, inflation, trade openness, corruption, and financial crisis. The study further analyzes the data using the EGLS model to examine the consistency of the GMM model. We found that financial integration has a significant positive effect on economic growth in Southeast Asia. Our findings suggest that increasing financial integration could improve the productive capacity of the economy, including more investments and efficient allocation of capital, and thus enhancing economic growth in this region. More specifically, the results suggest that the government should work towards eliminating corruption and stabilizing macroeconomics in order to enhance financial integration and economic growth. This paper sheds new insights on a better evaluation of the past and present theorizing on the subject of financial integration and economic growth; especially, in Southeast Asia.

The Relationship Between Government Size, Economic Volatility, and Institutional Quality: Empirical Evidence from Open Economies

  • MUJAHID, Hira;ZAHUR, Hafsah;AHMAD, Syed Khalil;AYUBI, Sharique;IQBAL, Nishwa
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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    • pp.19-27
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    • 2022
  • The size of the government is one of the most fundamental debates of open economies. In any economy, government plays an important role, but a pertinent level of economic prosperity has never been obtained in history without government. Therefore, the objective of this paper investigates the association of government size, economic volatility, and institutional quality for 182 economies from the time period 1996-2016 is collected from the World Bank database. GE is defined as the General government's final consumption expenditure. Health expenditure is represented by HE. Government expenditure on education is denoted by EDUEXP. The economic volatility is measured by the rolling standard deviation of GDP per capita growth rate, Population growth, Trade openness, GINI represented Gini index which measures the degree to which the income distributed or consumption expenses among citizens deviates from a perfectly equal distribution. The results proposed that economic volatility has a significant effect on government size and institutional qualities. Moreover, the paper extends the investigation by finding the link between economic volatility with government health and education expenditure separately. The policy implication drawn from this analysis is that controlling economic volatility may reduce the size of government and also significantly affect health and education expenditures.

An Analysis of the Quality of Life and the Affecting Factors of the Elderly (노인의 삶의 질과 영향요인에 관한 연구)

  • Hong, Sung-Hee
    • Journal of Family Resource Management and Policy Review
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    • v.20 no.1
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    • pp.89-108
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    • 2016
  • The purpose of this study is to examine the demographic, economic, and psychological factors that influence the quality of life (QoL) of the elderly. The data in the 'Survey on the Elderly in 2011', were collected from The Ministry of Health & Welfare and the Korea Institute for Health and Social Affairs. The samples included 3,312 out of the total of 15,146 elderly people aged from 65 to 70 years. Multiple regression analysis and path analysis were used to analyze the research model. The findings are as follows. First, the most critical factor that affected the QoL of the elderly was "subjective standard of living" with other factors including "subjective physical condition level", "depression", "total annual income", "the number of chronic disease", "self-esteem", "economic supports from their adult children", "education level", "living with their adult children or not", "sex", and "home ownership", in that order. Second, based on the path analysis results, the QoL of the elderly was influenced by "subjective physical condition level", "subjective standard of living", "depression", "self-esteem", "total annual income", "education level", and "the number of chronic disease", in that order. In particular, "depression" had a negative direct effect and an indirect effect on the QoL of the elderly, whereas "self-esteem" had a positive direct effect and indirect effect on their QoL. Third, "labor force participation status" did not affect the QoL of the elderly. However, it implied the mediating effect of "self-esteem" and "depression" on their QoL. These results show that demographic, economic, and psychological factors heavily influence the QoL of the elderly. Specifically, "depression" and "self-esteem" turn out to be mediating variables that strongly influence the QoL of the elderly. Also, "labor force participation status" does not have a positive direct effect on the QoL of the elderly but has a positive mediating effect of "depression" and "self-esteem" on their QoL.

Research on Correlations Between the Appearance Satisfaction Level(Face, Skin and Body), Self-esteem and the Feeling of Happiness according to Demographic Characteristics: With High School Students in Jinju Region (인구통계적 특성에 따른 외모만족도(얼굴, 피부, 몸매)와 자아존중감, 행복감과의 관계 연구: 진주지역 고등학생을 중심으로)

  • Ha, Kyungyun;Han, Bohyun
    • Journal of Fashion Business
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    • v.17 no.5
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    • pp.14-30
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    • 2013
  • The purpose of this research is to identify the differences in appearance satisfaction, self-esteem and the feeling of happiness according to the demographic variables of teenagers. The conclusion of this research indicate that appearance satisfaction has significant impacts on the self-esteem and the feelings of happiness for adolescence. Teenage students who attend vocational schools get more Allowances than students who attend general high schools, and those who have parents with lower education level also get more Allowances. But the higher the economic standard and grades the students have, the more self-esteem and the feelings of happiness they possess. Thus, the students who attend general high schools have higher self-esteems and feelings of happiness than those in vocational schools. Additionally, the students who have higher economic standards and parents with better'- education levels show more appearance satisfactions for their face, skin and body. Therefore, the level of appearance satisfaction according to the types of school, economic standards, amount of Allowances and parents' education level is an important variable, which can also affect the self-esteem and the feelings of happiness. Teenagers' appearance satisfaction have a significant impact for determining the level of self-esteem and the feeling of happiness.

Knowledge of Sex, Attitude toward Sex, and Sexual Satisfaction in married Women (기혼여성들의 성지식, 성태도, 성생활 만족)

  • Lee In Sook;Moon Jung-Soon
    • Journal of Korean Public Health Nursing
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    • v.14 no.2
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    • pp.396-414
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    • 2000
  • This study was conducted to explore the knowledge of sex, attitude toward sex, sexual satisfaction, the differences of these variables according to the general characteristics, and the correlation of these variables in married women. The data were collected from March 25 to May 20, 2000 by using a mailed questionnaire. The number of subjects were 228 married women in the area of Seoul. Kyunggi-Do and Chungchung-Do. The questionnaire consisted of 67 items including item concerning general characteristics, knowledge of sex, attitude toward sex, and sexual satisfaction. The results were as follows : 1. The mean score and standard deviation of the knowledge of sex was $13.76\pm3.01$ with the range from 5 to 20. The mean score and standard deviation of the attitude toward sex was $57.28\pm9.65$ with the range from 31 to 85 score. The mean score and standard deviation of the sexual satisfaction was $33.15\pm6.54$ with the range from 17 to 48 score 2. The variables influencing on knowledge of sex were children number, women's education level. husband's education level. women's job, economic level. and menstruation status. 3. The variables influencing attitude toward the sex were women's age, husband's age, marriage term, children number, women's religion, economic level. menstruation status, and information acquirement about sex. 4. The variables influencing sexual satisfaction were women's age, husband's age, economic level. menstruation status, and information acquirement about sex. 5. Regarding relationship among the knowledge of sex, the attitude toward sex and the sexual satisfaction, those respondents who had more knowledge of sex had more open attitude toward sex and those respondents who had more open attitude toward sex had higher sexual satisfaction.

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Determinants of a Firm's Exit from Exporting: Evidence from Korean Manufacturing Firms (우리나라 제조업 기업의 수출중단 결정요인 분석)

  • Nam, Yunmi;Choi, Moon Jung
    • Economic Analysis
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    • v.26 no.4
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    • pp.98-136
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    • 2020
  • We empirically investigate the determinants of a firm's exit from exporting, using Korean manufacturing firm-level data for the period from 2006 to 2014. Specifically, we estimate the effects of not only firm-level and industry-level characteristics, but also macroeconomic variables on the probability that a firm stops exporting by applying a Complementary Log-Log Model analysis. The results of our estimation suggest that firm-level heterogeneity, such as workforce size, capital intensity, intangible assets and foreign ownership, industry-level variation, such as the labor displacement rate, and macroeconomic variables, such as domestic demand and world demand, significantly affect the possibility of a firm ceasing exports. Also, we show that market interest rates increase the possibility of an export cessation and that the effects of market interest rates are more pronounced on firms with a higher debt ratio. In the primary exporting industries, the probability of a firm ceasing exports decreases as productivity at the firm rises.

Oil consumption and economic growth: A panel data analysis

  • Lim, Kyoung-Min;Lim, Seul-Ye;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.23 no.3
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    • pp.66-71
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    • 2014
  • Oil is obviously vital for economic growth and industry development. This paper attempts to explore whether or not there is a inverted-U relationship between oil consumption and economic growth. To this end, we employ a panel data analysis with fixed effect or random effect models using the set of data from 61 countries for the year 1990-2008. In conclusion, a statistically significant inverted-U relationship between per capita consumption of oil and per capita GDP is found. However, the level of per capita GDP at the peak point of per capita oil consumption is estimated to be 65,072 in 2005 international constant dollars, which is much larger than economic scales of sampled countries. Thus, as per capita GDP grows, per capita oil consumption is predicted to increase until eventually reaching the peak.

A Human Resources Study on Women Immigrated through Marriage and How to Improve their Employment (여성결혼이민자 인적자본의 특성 및 취.창업 지원 방안 연구)

  • Son, Ki-Young
    • Journal of Family Resource Management and Policy Review
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    • v.14 no.1
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    • pp.19-36
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    • 2010
  • Previous studies on women who immigrated through marriage were focused on the frictional issues within the couples and their families as well as language tutoring. However, for the long-term integration of these women into society and the acquisition of status, it is most important to increase their economic value. Indeed many such women are facing economic difficulties, and have a strong desire to participate in economic activities. This study focuses on the economic self-sufficiency of these women through employment and entrepreneurship. We analyze their education level and employment experience and attempt to find the most effective policies to support them. We take particular interest in their entrepreneurial motivation and propose policies and frameworks for supporting their successful enterprise creation.

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