• Title/Summary/Keyword: Economic Policy

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The effect of Korea's policy to support the purchase of raw materials for export of livestock products

  • Jaesung Cho;Sanghyen Chai;Hanpil Moon
    • 농업과학연구
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    • 제49권4호
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    • pp.761-769
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    • 2022
  • The Livestock Raw Material Purchase Fund is a policy to increase the export of livestock products by providing loans to exporters of livestock products (including byproducts). The policy started in 2015 and the annual budget is about 26 billion won. However, a quantitative evaluation of policy effects has not yet been made. Therefore, in this study, the economic surplus of the policy was analyzed using the equilibrium displacement model (EDM). From the results of the welfare analysis, from 2016 to 2019, producer surplus in the chicken and duck market increased by KRW 70.9 billion, while consumer surplus decreased by KRW 70 billion. In other words, the total economic surplus of the chicken and duck market increased by about one billion won during the same period due to the increase in export demand according to the policy. Therefore, the Livestock Raw Material Purchase Fund can be viewed as a policy to maintain and increase export demand for export livestock products and to improve the economic surplus of the livestock product market. Also, since the policy is based on loans, it does not place a burden on the government's finances. Therefore, this policy should continue in the future.

남북통일과 지역균형개발정책 (Korea Reunification and Factor Movement : The Policy for Interregional Balanced Economic Growth)

  • 김홍배;임재영
    • 지역연구
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    • 제14권1호
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    • pp.47-64
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    • 1998
  • This paper attempts to forecast regional economic changes and to analyze government polices for interregional balanced economic growth in case of Korea Reunification. It begins with be reunified at the year 2010. The model is largely neoclassical. Since the future of North Korea is unclear, two possible scenarios are presented. The paper projects economic growth of regions, specifically forecasting growth of regions, specifically forecasting GRDP, the number of migrants and the quantity of moving capital. The results obtained show that spatially unbalanced economic growth will take place in the reunified Korea through factor movement. Two polices including public capital provision policy and income subsidy policy are thus suggested and analyed.

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한국의 지역발전정책-과거, 현재, 미래 (Regional Development Policy in Korea-Past, Present and Future)

  • 장재홍
    • 한국경제지리학회지
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    • 제12권4호
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    • pp.576-596
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    • 2009
  • 지역발전을 위해서는 부가가치 창출률이 높고 규모의 경제 및 집적의 경제를 극대화할 수 있는 지역경제시스템을 구축할 필요가 있다. 이러한 우리나라의 지역정책 과제를 세계은행이 지역발전의 관건으로 제시한 3D(density, distance, division)의 관점에서 논하였다. 참여정부의 국가균형발전정책을 논평하고, 광역경제권별 글로벌 경쟁력 강화를 핵심으로 하는 새 정부의 지역발전정책의 실효 있는 추진을 위한 전략과 정책과제를 제시하였다. 광역경제권 중추도시의 기능 강화, 중추도시-중소도시-농산어촌의 상호보완성 활용의 극대화, 시 도간 협력 장애요인의 제거가 필요하며, 광역경제권 간의 동반발전을 통한 국가적 결속의 강화도 중요한 과제이다.

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Strengthening the Competitiveness, Productivity and Innovation of Cross-border Industrial Corridors

  • Charles Conteh;JiYoung Park;Kathryn Friedman;Ha Hwang;Barry Wright
    • Asian Journal of Innovation and Policy
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    • 제12권1호
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    • pp.75-100
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    • 2023
  • Over the past few decades, globalization has been shifting economic power upward to transnational actors on the one hand, and downward to subnational or regional spaces on the other. This phenomenon has resulted in the centrality of territorially delimited subnational regions acting as critical loci of economic governance within a complex and globally distributed value chain of trade and service flows. Within this broader context of industrial restructuring are economic regions that span national borders in their collective assets. The paper focuses on investigating the economic competitiveness and productivity of cross-border (or binational) economic regions. Using the conceptual framework of economic clusters, an econometric model that measures proxies of geographic proximity of firms in the life sciences cluster, and a new binational economic model, the paper examines the key characteristics, potentials and constraints of economic competitiveness and productivity in a cross-border region comprising counties in Western New York and regional municipalities in Southern Ontario. The findings demonstrate the direct and indirect benefits of closer cross-border economic cooperation. The paper then concludes with some policy observations about leveraging cross-border economic clusters for strategic industrial cooperation.

정책설득의 다이내믹스 : 명분과 실리의 인과지도 (Dynamics of Policy Persuasion : Cause vs. Outcome)

  • 김동환
    • 한국시스템다이내믹스연구
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    • 제2권1호
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    • pp.51-68
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    • 2001
  • Politicians are competing to persuade their policies and to oppose other's. Policy persuasion is based on two independent reasons; moral causes vs. economic outcomes. There have been few studies on investigating and comparing their structural differences. This paper studies how policy makers use moral causes and economic outcomes in persuading their policies. Causal and cognitive structures of persuasions for and against sunshine policy are compared by cognitive map analysis. Finally, this study discusses how to use causal map analysis to understand moral causes and economic outcomes as tools for policy persuasion.

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주부의 가정자원관리에 대한 질적 접근: 경제위기에 대한 개별가정의 이해와 대처 (Qualitative Approach on Family Resource Management : Individual Families' Understanding and Management on Economic Crisis)

  • 고선강
    • 가족자원경영과 정책
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    • 제13권1호
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    • pp.99-118
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    • 2009
  • In Korean society, a housewife and mother often plays the role of family resource manager. In 2008, the newly appointed Korean government proposed a new direction in social policies, including family policy, that is, "active social welfare". According to "active social welfare", family policy focuses on a preventive policy and a family needs-oriented policy. In other words, newly established family policies should reflect parents' needs in their family resource management. In this economic downturn, family policies should be established to satisfy parents' needs to overcome their own family's economic crisis. This study focuses on policy recipients' real voices and their needs: they need the government's help supporting their efforts to overcome the economic crises within their families.

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Evolution of China's Economy and Monetary Policy: An Empirical Evaluation Using a TVP-VAR Model

  • Kim, Seewon
    • East Asian Economic Review
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    • 제25권1호
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    • pp.73-97
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    • 2021
  • China has experienced many structural changes in the process of economic development over the past three decades. Using a time-varying parameter VAR model with stochastic volatility and mixture innovations, this study investigates whether such structural changes in, especially tools and operational aims of monetary policy, affect the monetary transmission mechanism. We find that impulse responses of output growth and inflation to monetary shocks have substantially increased and then reversed to decrease around 2005-2006. This time variation is mainly caused by changes in the monetary transmission mechanism, i.e., the manner in which main macroeconomic variables respond to policy shocks, rather than by changes in volatilities of exogenous shocks. The result implies that aggressive monetary policy to facilitate economic growth in the developing economies may be legitimized, unless it causes inflation seriously.

한국의 환율과 경제성장과의 인과관계 (A Study On Causal Relationship between Exchange Rate and Economic Growth in Korea)

  • 최봉호
    • 통상정보연구
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    • 제10권1호
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    • pp.329-347
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    • 2008
  • The purpose of this study is to examine the causal relationship between the exchange rate and economic growth, and to induce policy implications. In order to test whether time series data is stationary and the model is fitness or not, we put in operation unit root test, cointegration test. And we apply Granger causality based on an error correction model. The results indicate that uni-dierctional causality between exchange rate and economic growth is detected. Exchange rate impacts on economic growth, but economic growth don't impact on exchange rate. The analysis of impulse reaction function shows that the impulse of exchange rate impacts on Korean economic growth in negative direction. We can infer policy suggestion as follows: The fluctuation of exchange rate much affects economic growth, thus we must make a stable policy of exchange rate to continue economic growth.

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러시아의 유라시아 전략과 한·러 협력 - 지방자치단체 간 경제협력을 중심으로 - (Russia's Eurasian strategy and Korea-Russia Cooperation - With reference to the economic cooperation of the inter-local governments -)

  • Park, Sangnam
    • 분석과 대안
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    • 제3권1호
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    • pp.5-28
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    • 2019
  • This study suggests that Korea - Russia economic cooperation, which has been sluggish in the meantime, should be revitalized as a small, medium sized business that can be practiced at the local level of both countries. Some large scales of national projects were difficult to realize due to some internal and external factors. Therefore, if Russia's Far East region of the complementary economic structure with the Korea's Gyeonggi Province of Korea could form the basis of cooperation by centering on SMEs, it further can be positive for promoting cooperation among South Korea, North Korea and Russia. The trilateral cooperation among two Koreas and Russia is necessary for the balance of political and economic powers in the East Asia. China's retaliation case regarding THAAD (Terminal High Altitude Area Defense) clearly showed that the greater the economic dependence on a particular country, the more threatening it could be. Therefore, it is important for the political and economic security to keep the balance by diversifying economic cooperation counterparts. As China's influence in the global economy grows, building value chains for mutual prosperity with various neighboring countries is gaining great importance. To this end, this paper examined Russia's Eurasian Strategy, New East Policy, and Far East Development Policy which were designed to seek the way to establish Russia's independent economic zone not absorbed by Europe and China.

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Science and Technology Human Resource Capacity for Economic Growth: The Case of Korea

  • Park, Myungsoo
    • STI Policy Review
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    • 제1권2호
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    • pp.19-31
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    • 2010
  • This paper presents the policies Korea adopted to educate and train scientists/researchers and technicians/skilled workers. The Korean policies for the increase of human resources in science and technology that stimulated an upgrading of skills in industry and adapted to technical advancements are identified. An important factor is that the supply and demand mechanism created a virtuous circle so that the science and technology education and training policies were responsive to economic demands. In addition, policies to foster a human resource capacity have enhanced the contribution of human resources in science and technology for innovation and economic growth.