• Title/Summary/Keyword: Economic Role

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Global Economic Governance Reform and the Role of Asia: Opportunities Offered by the G20

  • Cho, Yoon Je
    • East Asian Economic Review
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    • v.16 no.1
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    • pp.3-23
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    • 2012
  • The recent global financial crisis has highlighted the importance of international monetary and financial system reform. The current system is deemed to be no longer adequate to meet the needs of a complex, integrated world economy. With regards to the reform of the international monetary system, there have been various proposals both in demand and supply sides. These include proposals to build a stronger global financial safety net, to diversify the supply of international reserve currency and so on. These proposals face trade-offs between desirability and political feasibility. Given this situation, a practical transition would be to strengthen policy coordination among the major economies and to reform the International Monetary Fund. The success on both fronts depends heavily on global economic governance reform and the role of the G20. Increased status and representation of Asian countries in the G20 give both privileges and responsibilities to Asians. To meet these responsibilities, Asians should put forth greater efforts to develop their intellectual leadership in global economic issues through creating new forum and institutions.

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A University's Role for Regional Innovation: Arizona Universities' Contribution to Regional Economic Growth

  • Kim, Joochul
    • World Technopolis Review
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    • v.4 no.2
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    • pp.79-86
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    • 2015
  • Over the last two decades, interest increased with regard to how some research universities made direct impacts on surrounding regional economic activities and growth. Although the role of basic research for most research universities has remained strong, pressure has intensified to broaden its missions to include helping local and regional economic development efforts. Consequently, many research universities have evolved their basic scientific research mission from the production of scientific knowledge to the sharing and exchange of knowledge with local industries by actively engaging in local economic development (Uyarra 2010). Previous examination has shown that most research universities contribute to local and regional economic development by various functions they provide. They are as follows: Creation of Knowledge, Human-capital creation, Transfer of existing know-how, Technological innovation, Capital investment, Regional leadership, Knowledge infrastructure production and Influence in regional milieu (Drucker and Goldstein 2007). This paper will review the existing literature on the role of universities and its impacts on local regional economic growth and development. In addition, this paper will show how two major research universities (The University of Arizona and Arizona State University) have contributed to the growth of Arizona during last two decades. It is believed that the existence of these two research universities have been instrumental in making industries more diverse and highly attractive, particularly in the Phoenix Metropolitan Area.

The Role of the Manufacturing Sector in Promoting Economic Growth in the Saudi Economy: A Cointegration and VECM Approach

  • SALLAM, Mohamed A.M.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.21-30
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    • 2021
  • This study examines the role of the manufacturing sector in stimulating economic growth in the Saudi economy. Even though the economic literature shows how the manufacturing sector stimulates economic growth, it does not clearly show the role of the manufacturing sector in economic growth. The study employed annual time-series data spanning the 1980-2018 period from the databases of the Saudi Arabian Monetary Authority. Moreover, the cointegration and VECM approaches were employed to examine the short- and long-run relationship causality between variables. The results show a two-way causal relationship exists between the manufacturing sector and economic growth. Furthermore, the results indicate that a unidirectional causal relationship exists, running from the manufacturing sector to the services sector. The study recommends that the determinants of the growth of the Saudi manufacturing sector must be investigated. Moreover, the most productive Saudi manufacturing industries must be identified, and the productivity of other sectors must be increased in a way that contributes to economic plans and policies. Thus, adopting economic policies that stimulate investment in the manufacturing sector contributes to increasing non-oil exports to diversify sources of income to achieve vision 2030 of the Kingdom of Saudi Arabia.

Financial Development and Economic Growth: Credit Distribution in Southeast Asian Countries

  • Lan Thi Huong NGUYEN;Anh Le Dieu NGUYEN;Huyen Thanh LE;Duy Van NGUYEN
    • Journal of Distribution Science
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    • v.22 no.3
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    • pp.49-58
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    • 2024
  • Purpose: Research on financial development plays a crucial role in guiding and implementing policies for both financial development and economic growth. This study aims to evaluate the impact of financial development on the economic growth of Southeast Asian countries. Research design, data and methodology: The research utilizes data from 11 Southeast Asian countries from 2015 to 2022. Financial development data is proxied by credit distribution in private sector. Results: Based on the analysis using the FGLS model, it indicates that financial development has a positive impact on the economic growth of Southeast Asian countries. In addition, the study also examines the impact of state investment costs and FDI investment on economic growth. The results also show that foreign direct investment flows still play an important role in Southeast Asian countries (FDI has a positive impact on economic growth). State investment costs also impact economic growth, showing that the development of public investment also brings good development to countries. Conclusions: These results suggest that credit policies for financial development in general, and the development of private credit in particular, play a significant role in these countries. Building a system to promote the activities of private sector economies will help stimulate the economic development of Southeast Asian countries.

The Effect of Economic State, Health State, and Sex-Role Identity on Self-Esteem of the Elderly Men and Women (남녀 노인의 경제상태, 건강상태, 성역할 정체감에 따른 자아존중감)

  • 이신숙;이경주
    • Korean Journal of Human Ecology
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    • v.4 no.1
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    • pp.1-10
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    • 2001
  • The purpose of the study was to investigate relationships among self-esteem of the elderly men and women in the economic state, health state, and degree of sex role identity. The subjects were 246 elderly men and women living in Chonnam. Statistics were Frequency, Percentage. Mean, Standard Deviation, Cronbach's ${\alpha}$, ANOVA and Regression analysis. Major results obtained were as follows ; 1) The mean scores of self-esteem in the elderly men and women were 19.26 and 18.84 respectively 2) There were meaningful differences in self-esteem according to health state. economic state. sex role identity in both elderly men and women. And. in the elderly men and Women. the highest influencing variables on their self-esteem were the economic state and health state, and the sex role identity respectively.

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Role of Large Firms in Countries on the Road to High-income Countries and Avoiding the High-income Trap

  • Shanji Xin;Xu Jin;Furong Jin
    • International Journal of Advanced Culture Technology
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    • v.12 no.2
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    • pp.51-61
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    • 2024
  • This study analyzes and compares the roles and significance of large firms in economic growth by differentiating developmental stages. The focus is on both the role of big businesses on the road from middle- to high-income countries and the performance in their economies. By classifying the top 30 nonfinancial firms into their origin countries, we have constructed a country-level data basis covering 33 countries ranging from middle- to high-income economies for the 2001 to 2017 period. We conduct fixed effect estimation. Empirical results show that capital-intensive big businesses would be more predominant in developed economies. In terms of policy implications, the results suggest that if policymakers want to optimize the role of big businesses in economic growth, policymakers need to distinguish the income level. Policymakers also need to adjust the size distribution of firms moderately ahead of time to create the size distribution of firms needed to take the economy to the next level.

A Study of Marital Satisfaction According to Sex-role Attitude for the Elderly Women (여자노인의 성역할 태도와 결혼만족도에 관한 연구(I))

  • 이신숙
    • Korean Journal of Human Ecology
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    • v.1 no.2
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    • pp.48-60
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    • 1998
  • The purpose of this study was to investigate the relational between elderly women's sex-role attitude and their marital satisfaction. For this purpose, a questionnaire was surveyed 186 elderly women living in Kwangiu and Chonnam. The collected data were analyzed by using frequency, percentage, mean, standard deviation, ANOVA and stepwise regression analysis. The results of this research were as follows ; First The total points of the elderly women's sex-role attitude score was 16.4, which was represented mixed trends of traditional and modem. And the total points of the elderly women's marital satisfaction score was 31.6, which was higher than the median 30. Second, Elderly women's sex-role attitude score was meaningfully different according to education level, health state, economic state. And elderly women's marital satisfaction score was meaningfully different according to social activity, economic state, health state, education level, age. Third, As the results of regression analysis, it was shown that the highest influencing variable on their marital satisfaction was the social activity, economic state, education level. All of them explained 19% of their marital satisfaction. (Korean J Human Ecology 1(2):48-60, 1998)

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The Present Condition of Korea, China and Japan in Automobile Industry & the Economic Cooperation (한.중.일 자동차 산업의 현황 및 경제협력)

  • 김동기;신용하
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.26 no.3
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    • pp.10-17
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    • 2003
  • Under the sudden change of competitive environment, the economic cooperation as a part of survival strategy is being a big issue among countries. There was much discussion based on the geological adjacency as well as cultural homogeneity regarding the economic cooperation of three countries, Korea, China, Japan. It has been also known that major trade countries of the world concluded the treaty of region trade, then extended the number of export, and drew a success in foreign direct investment. It can be considered that Korea will play a major role in the three countries' automobile industry based on Japanese demonstrated technology, Chinese resources, market and experience with their economic cooperation. Therefore it is expected that a big result will be achieved throughout such a role play of each country. This paper has a purpose to light up the distinctive quality and the present condition of each country in automobile industry, and to promote the foundation of three countries' economic cooperation. It is convinced that the economic cooperation of three countries, Korea, China and Japan in automobile industry, will play a great role in the world automobile market.

Study on Contribution Rate of Essential Factor Market of Insurance Development to Economic Growth: Demonstration Analysis based on Chongqing in China

  • Shen, Haicheng
    • Asian Journal of Business Environment
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    • v.2 no.2
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    • pp.27-33
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    • 2012
  • Purpose - The article studies aims to construct the center of economy in the upriver area of Chang Jiang, and has realistic significance probing into the contribution of insurance essential factor market to economic development on the contribution role of essential factor market of insurance in financial industry development to economic growth in Chongqing in both aspects of direct and indirect contribution by the way of demonstration analysis. Research data and methodology - The data are from Statistic Yearbook in Chongqing in 1997-2008.The conclusion shows that essential factor market of insurance development falls behind of economic growth in direct aspect; BBD, BLD and FIR could pull economic growth, but ID just restrain economic growth in Chongqing. Results -The estimate coefficient sigh of BDD, BLD, FIR are plus but ID is not, it is to say the increase of bank deposit dump could impel economic growth, which is accord with general thought. Conclusions - At last, the article Having Studied on the contribution role of essential factor market of insurance in financial industry development to economic growth in Chongqing by the way of demonstration analysis.

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Effects of Married Working Women's Economic Resource Contributions and Sex-role Attitudes on Couples' Decision-making (취업기혼여성이 인지한 경제적 자원 기여도와 성역할태도가 부부의사결정 유형에 미치는 영향)

  • Kim, Hyunjin;Park, Jeoung Yun
    • Journal of Family Resource Management and Policy Review
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    • v.23 no.3
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    • pp.25-42
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    • 2019
  • The purpose of this study was to identify the effects of wives' economic contributions and sex-role attitudes on couples' decision-making for use in family education and to improve stable couple relationships. This study targeted 286 married women who have a child or children. The main results of this study indicate that almost half of the participants showed that their couple decision-making, economic resource contributions and sex-role attitudes were husband-dominated. Additionally, the participants' most modern sex-role attitudes were toward gender stereotypes, though the most conservative attitudes were toward women and men's household lives. The variables that distinguished between husband-dominated and equality couples were age, education level, spouse's average income and resource evaluation; related, age, education level, spouse's average income, contribution toward household management and the occupational life of the woman were the variables that distinguished between husband-dominated and wife-dominated couples. This study also revealed the variables that affect couples' decision- making, demonstrating the necessity of considering several variables in the approach to the decision-making process of individual couples.