• Title/Summary/Keyword: Economic impacts

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The Community Attachment and Attitudes toward Baekdudaegan Tourism Development: An Application of Covariance Structural Analysis (백두대간 관광개발이 지역애착과 관광태도에 미치는 효과 분석: 공변량구조모형의 적용)

  • Joo, Sung-Hyun;Park, Sang-Jun;Han, Sang-Yoel
    • Journal of Korean Society of Forest Science
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    • v.96 no.6
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    • pp.625-632
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    • 2007
  • The purpose of this study was to analyze the conceptional structure of residents' perception among tourism development impacts (economic benefits, social and environmental impact), community attachment and attitudes towards the effects of Baekdudaegan tourism development. This paper was adopted LISREL (linear structural relationships) approach, covariance structural equation model, to provided some insights on tourism development. Data of 356 were collected from Youngu and Mungyeong cities surrounding Baekdudaegan in Gyeongsangbuk-do. The results indicate that perceived economic benefits are rather greater impacts on attitudes than perceived social and environmental ones directly and indirectly. Also, perceived social impacts influence community attachment, however, perceived economic benefits and environmental impacts do not influence community attachment directly. Finally results reveal that the attitudes for supporting tourism development were found positively influenced by the identity of community attachment. Differently social exchange theory, the results suggested that residents' attitudes towards Baekdudaegan tourism development perceived positive strongly even a non related tourism resident.

The Impact of Internet Access Charges on Economic Activities : A Cross-country Analysis (인터넷 사용료 수준이 경제활동 수준에 미치는 영향에 대한 다국가 분석)

  • Yoo, Seoung-Hoon;Yang, Chang-Young
    • Journal of Digital Convergence
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    • v.2 no.2
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    • pp.63-76
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    • 2004
  • There is a considerable gap in the level of the Internet access charges among countries because of the history of the Internet use, current status of the Internet infrastructure, the Internet penetration rate, and so on. Low Internet access charge increases the number of the Internet users and the Internet penetration rate, which boosts economic activities. This paper empirically explores the impacts of the internet access charges on economic activities using a cross-country analysis based on data from 76 countries for the year 1998-2001. To this end, several versions of the neoclassical growth models, explicitly including the internet access charges, are estimated with the GDP used for a proxy for economic activities and the level of Internet access charges considered as an input to production. Subject to the appropriate caveats, the results show that the level of the Internet access charges make a significantly negative effect on economic activities. In other words, it is concluded that low Internet access charges of a county increase economic activities and the increased economic activities in turn raise the real income of the county.

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The Effect of Banking Industry Development on Economic Growth: An Empirical Study in Jordan

  • ALMAHADIN, Hamed Ahmad;AL-GASAYMEH, Anwar;ALRAWASHDEH, Najed;ABU SIAM, Yousef
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.325-334
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    • 2021
  • This study aims to investigate whether economic growth is elevated by banking industry development in Jordan. The study adopts time-series econometric methodologies, which comprise the bounds testing approach within the autoregressive distributed lag (ARDL) and the conditional causality analysis. Consistent with the assumptions of the adopted methodology, the study utilized annual time-series data for a relatively long period of thirty-nine years, between 1980 and 2018. The empirical results show that Jordan's economic growth is strongly responsive in respect to any changes in banking industry development. Also, the results reveal the harmful impact of rising lending interest rate; as this rate increases, economic growth will decrease. The findings are in line with the conceptual arguments of the supply-leading hypothesis, which confirmed that banking development is considered as one of the main pillars that have stimulating effects on economic growth. The evidence of the current study may provide important implications for policymakers and bankers. Those professionals should work to maintain a stable regulatory system that enhances the banking system function in activating economic growth. Also, a considerable focus should be placed on designing a steady interest rate policy to avoid the inherently undesirable impacts of high-interest rates on the Jordanian economy.

Recent Economic Crises and Foreign Trade in Major ASEAN Countries (최근 경제위기들과 ASEAN 주요국의 무역)

  • Won, Yongkul
    • The Southeast Asian review
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    • v.20 no.3
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    • pp.41-64
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    • 2010
  • The recent global financial crisis triggered by the sub-prime mortgage debacle in the United States hit hard most ASEAN countries that have just recovered from the unprecedented economic crisis ten years ago. This paper, using individual time-series and panel data from 1990 to 2009, intends to investigate and compare the impacts of the two aforementioned economic crises on trade in the four developing ASEAN countries that encompass Indonesia, Malaysia, the Philippines and Thailand. In doing so, the paper traces the behaviors of main macroeconomic variables before and after the crises on graphs, and then estimates classical export and import demand functions that include real exchange rate, home and foreign GDPs as explanatory variables. In the estimation functions, two dummy variables are added to consider the effects of the two economic crises separately. Individual country data analyses reveal that by and large the 1997 economic crisis seems hit those ASEAN countries' exports and imports harder than the recent global financial crisis. Surprisingly the recent financial crisis turns out more or less statistically insignificant for those countries' export and import performances. The fixed effect model estimation using panel data of those four ASEAN countries also shows that the 1997 economic crisis had affected exports and imports of those countries negatively while the recent global financial crisis was not statistically significant. These results indicate that overall the effect from the 1997 crisis was more devastating than that of the recent global crisis for those ASEAN countries.

A Study on Economic Impacts Analysis of RFID System to Business (비즈니스별 RFID 시스템 도입사례 성과분석 연구)

  • Jeon, Seong-Hee;Na, Young-Sub;Kim, Yang-Hoon;Chang, Hang-Bae
    • Information Systems Review
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    • v.13 no.3
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    • pp.15-26
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    • 2011
  • RFID has substituted for a Bar Code to conduct real time data collection and data process in various fields including logistics, electronic, medical treatment, car, textile, steel industry at the business level. Although implementation and use of RFID has been facilitated constantly, the majority of businesses hesitate to implement RFID system. Hence in this study, we conducted a performance evaluation through quantitative/qualitative analysis on case studies in various industries. This study results could be utilized as basic data for RFID system diffusion, and it will primarily contribute to spread of RFID system implementation.

A Review of Critical Infrastructure Resilience Study as the Future Area of Geosciences (미래 자원환경지질 분야로서 국가기반시설 리질리언스 연구 동향 분석)

  • Yu, Soon-Young
    • Economic and Environmental Geology
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    • v.44 no.6
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    • pp.533-539
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    • 2011
  • Critical infrastructure resilience has been integrated in critical infrastructure protection in US after Department of Homeland Security recognized that protection, in isolation, is a brittle strategy. Here "resilience" is the system's ability to efficiently reduce both the magnitude and the duration of systemic impacts after hazards, and quantitatively assessed as a resilience cost. The resilience cost is the sum of systemic impacts and recovery efforts, and many case studies on resilience costs show that the recovery effort should be included in resilience assessment. This paper explains how the resilience cost is defined and quantified with a case study.

Environmental Implications of an Increasingly Erratic Climate (기후변화에 대한 생태계 적응전략)

  • Taylor, S. Elwynn
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.8 no.1
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    • pp.22-27
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    • 2006
  • Many aspects of climate have been observed to be increasingly volatile during the past several decades. Episodic climate change is not considered to be uncommon. However, there are substantial environmental, social, and economic impacts associated with climate variability that can be managed if the climate and its impacts are properly understood. Plants and natural communities exhibit several types of adaptive strategy to climate change. There is ample reason to relate increasingly erratic weather with a warming climate. Historic climate extremes, the adaptive mechanisms plants exhibit, and how people have (or have not) responded with strategically sound concepts and policy to facilitate a sustainable environmental ethic are reviewed with a vision of international needs and economic stability.

The Impact of the Canada-Korea Free Trade Agreement as Negotiated

  • Ciuriak, Dan;Xiao, Jingliang
    • East Asian Economic Review
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    • v.18 no.4
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    • pp.425-461
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    • 2014
  • This paper analyzes the impact of the Canada-Korea Free Trade Agreement on the basis of the published text and agreed schedule of commitments. We find that the Agreement reinforces existing patterns of comparative advantage between Canada (agriculture and resource-based sectors) and Korea (autos and other industries). The sensitive sectors that held up the deal for years - autos into Canada and beef into Korea - witness major trade gains, but are not unduly disrupted. In both economies, the major output gains otherwise come in non-traded services sectors, driven by income effects. We find that trade diversion effects are quite significant; this lends support for the domino theory of major free trade agreements - since the Korea-EU agreement broke the ice, the pressure has intensified on third parties to re-level playing fields by striking their own deals. The study breaks new ground in modelling services trade by developing policy impacts based on the extent to which the text of the Agreement modifies Korea's and Canada's scores on the OECD's Services Trade Restrictiveness Index and by providing estimates of Mode 3 Services trade impacts. The analysis of the Agreement as negotiated, the present study, in our view, is a step forward in understanding the impact of modern free trade agreements.

Impacts of Networks on Innovative Results of Korean Corporations (유형별 혁신네트워크가 혁신성과에 미치는 영향: 한국의 혁신적 기업을 사례로)

  • Lee, Seong-Keun;Lee, Kwan-Ryul
    • Journal of Technology Innovation
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    • v.12 no.3
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    • pp.25-47
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    • 2004
  • The globalizing economic processes based on knowledge-based economic systems have changed the environment of competition between corporations fundamentally. As a result, all corporations must carry out their own activities for innovation in order to strengthen their competitiveness continuously. However, it may be difficult for the companies to meet the demand of rapidly changing markets as well as technological changes by themselves. Therefore, most of companies intensify their interdependent collaboration with other corporations for carrying out innovative activities. This is a process of building innovation networks. Innovation networks can provide opportunities to learn latest technologies and at the same time reduce uncertainties for the future. In fact, innovation networks enable not only to provide information about technology, market etc. but also to create learning processes between innovative actors. Thus, innovation networks are the most significant factor to stimulate innovative activities as well as to generate the growth of companies. This paper argues about impacts of innovation networks on the result of innovative activities. Furthermore, this focuses on the analysis of characters of corporations as well as patterns between innovation networks and innovation results.

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