• East Asian Economic Review
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• 제28권2호
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• pp.221-244
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• 2024

This study examines how the independence of monetary policy changes in situations where the interest rate differential between domestic and foreign rates inverts, utilizing the trilemma indices. For analysis, this paper uses the trilemma indices developed by Kim et al. (2017) to analyze the relationship between the monetary policy independence index and the other two trilemma indices, namely the capital account openness index and the exchange rate stability index, across 45 countries from 2002 to 2018. The analysis reveals that the trilemma's validity is contingent. In particular, no statistically significant negative correlation was found between the monetary policy independence index and exchange rate stability index during periods of interest rate differential inversion. A positive correlation emerges between exchange rate stability and the independence of monetary policy, particularly when the inverted interest rate differential exceeds a certain threshold. This situation, where the exchange rate remains stable despite low domestic interest rates, implies that the central bank is effectively managing monetary policy to appropriately respond to economic conditions, which is reflected in the monetary policy independence index.

• 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.

• STI Policy Review
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• 제2권2호
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• pp.11-24
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• 2011

S&T policy has been traditionally regarded as a sector policy; however, it is now evolving into an infrastructure innovation policy that forms the foundation of diverse types of policies. Simultaneously, environmental and energy policies formerly considered as sector policies are now being expanded and integrated into a higher level policy for sustainable development. With these changes underway, the importance of policy integration has increased. Efforts are being made to minimize contradictions between environmental, social, and innovation policies that emphasize proactive linkage among policies or place the highest priority on environmental policy following the theory of Environmental Policy Integration (EPI). Confronted with these policy changes, the Lee Myung-bak government announced "Low-Carbon Green Growth" in 2008 as national agenda for development that focus attention on environmental and energy issues. Economic policy and environmental policy have been traditionally seen in a conflicting relationship with different paths of policy development. However, the administration of President Lee is now emphasizing the synergy effects between the environment and economic growth with the concept of green growth. The green growth policy of the Korean government has great significance as it has built a momentum for incorporating social goals such as environmental values or sustainable development into economic growth-oriented policies; however, there remain many challenges due to the legacy of the development period that has dominated Korean society. The Korean government says it reflects "EPI" or "environmentalism" in policy goals; however, in reality it prioritizes development over the environment.

• The Journal of Asian Finance, Economics and Business
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• 제7권9호
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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.

• 농촌지도와개발
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• 제7권2호
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• pp.377-390
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• 2000

The purpose of this paper was to draw implications for community economic development policies of Korean local governments by investigating the community economic development policies of the USA local governments. Those policies can be segmented to first wave(1950s-1970s), second wave(1980s), and third wave(1990s) of development policy. First two policies entailed some expense to community residents by providing low tax rates, tax abatement, tax reliefs, industrial revenue bonds, and direct state loans for potential companies. These policies brought ‘clawback’ and ‘drawbacks’ to the local residents. The third wave of community economic development policy includes capital market programs(predominantly government-financed loan programs and government support for predominantly privately financed loan or equity programs), providing information and education for small business in the communities, supporting small business by providing high technology and research, and export assistance-providing information/training opportunity how to export, sending trade missions, and export financing. Local government authorities in Korea should learn the community economic development policies administrated by the USA local governments so that they can avoid the potential try-and-errors in establishing, planning, and administrating their economic development policies.

• 동양고전연구
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• 제50호
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• pp.211-232
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• 2013

가의는 서한 초기의 만연한 빈부격차의 심화와 음란하고 사치스러운 풍속이 유행하는 사회적 풍조와 농업생산 인구가 감소하는 한편 생산 활동에 종사할 수 없는 인구가 증가하고 있는 상황에 직면하여 심각한 문제의식을 갖게 된다. 가의가 갖게 되는 문제의식은 바로 서한 사회의 사회경제적 질서의 붕괴와 도덕적 타락에 대한 염려와 국가재정 고갈의 위험성에 대한 것들이었다. 가의는 서한 초기 사회가 직면한 사회적 경제적 폐해현상에 대한 반성에서부터 착수하여 자신의 경제정책에 대한 청사진을 제시한다. 즉 가의의 경제사상은 한나라 초기의 무위자연의 방임주의적인 경제정책의 폐해를 개선시키기 위해서 제기된 것으로 중농억상 정책을 구체적인 개혁의 청사진으로 제시하는 한편 화폐제도에 대해서도 구체적인 개혁의 시나리오를 제시한다. 이러한 두 가지의 개혁방안은 가의의 경제사상에 있어서 이론적 근간이 되는 것이라고 말할 수 있는 것이다. 이러한 가의의 경제정책 청사진에 대하여 본문에서는 중농억상 정책과 민간에서의 화폐주조 금지 정책을 중심으로 조명해보았다.

• Ocean and Polar Research
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• 제45권1호
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• pp.23-31
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• 2023

The core of the foreign policy of the Yoon Suk-yeol government is the promotion of active economic and security diplomacy as indicated in Policy Tasks No. 98. To this end, economic consultative bodies such as Regional Comprehensive Economic Partnership Agreement(RCEP), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and Indo-Pacific Economic Framework (IPEF) are taking the initiative to respond to the formation of supply chain, human rights, environment, and digital-related norms, and actively support Korean companies' overseas expansion. Due to the nature of the Ministry of Oceans and Fisheries (MOF) as an organization established centered on the space of the ocean, the MOF faces difficulties in bringing the functions of other ministries into the space of the ocean. Considering the vision, objectives, and detailed plans of the MOF, the contribution of the MOF in the field of active economic security, one of the main foreign policies of the Yoon Suk-yeol government, is perhaps too obvious. However, since the re-launch of the MOF, the ODA budget for the oceans and fisheries sector is too small compared to other ministries, so even if new policy demands are discovered, there are many difficulties in implementing these policies in practice. Recognizing these problems, this paper examines the background and contents of foreign policies that have been promoted for the efficient promotion of RCEP, CPTPP and IPEF and introduces the areas of cooperation in the oceans and fisheries sector in these foreign policies.

• International Journal of Internet, Broadcasting and Communication
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• 제15권4호
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• pp.90-99
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• 2023

This paper deals with studying strategy about impact of deep learning (DL) on the factor of Korean economic growth. To study classification of impact factors of Korean economic growth, we suggest dynamic equation of microeconomy and study methods on economic growth impact of deep learning. Next step is to suggest DL model to dynamic equation with Korean economy data with growth related factors to classify what factor is import and dominant factors to build policy and education. DL gives an influence in many areas because it can be implemented with ease as just normal editing works and speak including code development by using huge data. Currently, young generations will take a big impact on their job selection because generative AI can do well as much as humans can do it everywhere. Therefore, policy and education methods should be rearranged as new paradigm. However, government and officers do not understand well how it is serious in policy and education. This paper provides method of policy and education for AI education including generative AI through analysing many papers and reports, and experience.

• 지역연구
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• 제6권1호
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• pp.1-10
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• 1990

Regionalism has become a liability in Korea, hampering national harmony and political stability. The regionalism finds its roots in several centuries back in history. The traditional regionalism was based on the provincial differences in cultural and social characteristics, and behavioral mannerism. Therefore, the traditional regionalism should be regarded as benign and common as in many other countries in the world. The modern version of Korean regionalism seems to be founded on the "discriminatory" treatments of Honam provinces in economic policy and the resultant regional economic disparity during the last three decades. Many believe that such "discriminatory" policy had been enforced during the period of the "third" and "fourth" republics under the influence of the key government officials and presidents form the Southeastern provinces. Since the early 80s, many public investment projects have found its home in the Honam region with the consideration of regional balance and more equitable distribution. This paper attempts to elucidate on various causes of regional disparity amplified during the period of industrialization, and also presents the economic indices which demonstrate the impacts of the policy in narrowing the economic disparity among the regions in recent years. The paper also clarifies the limits of regional economic policy in achieving regional. balance and consequently social integrity. The last part of the paper attempts to clarify the effective domain of regional policy and the new direction of regionalism.cy and the new direction of regionalism.

• STI Policy Review
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• 제7권2호
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• pp.1-15
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• 2016

This study provides empirical evidences for the relationship between income inequality and economic growth, and relationship of income inequality with some of explanatory variables such as technological innovation, trade globalization, financial globalization and fiscal policy. We find out that income inequality has an adverse effect on economic growth, showing its dynamic features, for which we employed the polynomial distributed lags (PDL) model. The effect of income inequality on economic growth lasts over 9 years, and its dynamic effect peaks after 4 years. In addition, we also attempted to find out empirical evidences of sources of income inequality. The results show that income inequality is positively related to technological innovation, financial globalization, and fiscal policy; negatively related to the trade globalization. Many studies employ cross-country data, but it could have serious problems in collecting statistical data. Korean data is used over the time period of 1990-2015 in this study.