• Title/Summary/Keyword: Economics Growth

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A Study on Milk Market Demand using LA/AIDS (수요시스템(LA/AIDS)을 이용한 우유 시장 수요 분석: 농촌진흥청 소비자 패널자료를 중심으로)

  • Min Ju Lee;Yeong Sin Jin;Kun A Kim
    • Journal of Practical Agriculture & Fisheries Research
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    • v.26 no.1
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    • pp.40-48
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    • 2024
  • This study judged that although milk with various properties is currently being released, the growth rate of the milk market has not changed significantly, and the reason for this is that a substitution relationship has been formed between existing white milk and milk with various properties and they are competing with each other. The purpose of this study was to provide implications for the future growth of the milk market by identifying the relationship between diversified milk attributes. As a research method for this purpose the own price elasticity, cross-price elasticity, and expenditure elasticity of each attribute were derived through the LA/AIDS demand system model, and an analysis of consumers' milk purchasing factors was conducted through factor analysis. Based on the analysis results, it presented implications for growth in the milk market, such as expanding products with great differentiation in attributes such as flavor, plant and lactose-free properties, establishment of marketing strategies targeting consumers with children, and expansion of online malls.

An Analysis of the Effect of Regional Strategic Industries on Regional Economic Growth -The Case of ChungNam Province- (지역전략산업의 지역경제성장 효과분석 -충청남도를 중심으로-)

  • Kim, Dae-Jung;Kim, Tae-Yeon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.4
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    • pp.2085-2092
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    • 2014
  • This study aims at finding the effects, problems and implication of the regional economic growth led by regional strategic industries in the Chungnam Province. It identifies the contribution of regional strategic industries in the regional economic growth even though there is somewhat difference between the sub-sectors of the industries. It also finds out some problems with the selection and implementation processes. In order to improve the regional industrial policy, it need to apply portfolio type of regional industrial development strategy on according to the typology of the industrial growth stages.

The Effects of Foreign Direct Investment and Economic Absorptive Capabilities on the Economic Growth of the Lao People's Democratic Republic

  • NANTHARATH, Phouthakannha;KANG, Eungoo
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.151-162
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    • 2019
  • The paper examines the effects of Foreign Direct Investment (FDI) on the economic growth of Lao People's Democratic Republic (Lao PDR) between 1993 and 2015. The investigation is based on the influence of growth and economic absorptive capability determinants such as human capital, trade openness, and institutional quality. The methodological analysis uses a multivariate framework accounting capital stock, labor stock, FDI, human capital, trade openness, and institutional quality in regression of the Vector Autoregressive model. Augmented Dickey-Fuller unit root test, Johansen Cointegration test, and Granger Causality test were applied as parts of the econometric time-series analysis approach. The empirical results demonstrate the positive effects of FDI and trade openness, and the negative effects of human capital and institutional quality on the economic growth of the Lao PDR over the 1993 to 2015 period. The findings confirm that trade openness complemented by a sufficient level of infrastructure, education, quality institutions, and transparency significantly influence economic growth and attract more FDI. Research results lend credence to the need for the Lao PDR's government to focus on improving its economic absorptive capability and economic competitiveness regionally and globally by improving wealth and resource management strategies, as failure to take this course of action could lead to the Dutch Disease effects.

The Effect of Gibberellin on the Content of Vitamin C during the Growth of Mung Bean Sprout (녹두(綠豆)나물의 생육과정(生育過程) 중(中) Vitamin C 함량(含量)에 미치는 Gibberellin의 효과(效果))

  • Ko, Mu-Suk;Park, Bock-Hee
    • Journal of the Korean Society of Food Science and Nutrition
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    • v.10 no.1
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    • pp.117-122
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    • 1981
  • Mung bean sprout has been grown for 96 hours by soaking mung bean in such eight test divisions as Gibberellin 5-50ppm solution, well-water, and so on. Study on the charge of vitamin C an reducing sugar during its growth can be summarized as follows. 1. During the growth of mung bean sprout, the length and weight in the sample treated with Gibberellin 20ppm are highest of all Gibberellin divisions. 2. When mung bean sprout has grown for 24 hours, its vitamin C content reaches maximum in each sample. 3. There is little dehydro asscorbic acid in each sample during the growth period of 24-96 hours. 4. During the period of growth, the content of vitamin C in the sample treated with Gibberellin 5ppm are highest of all. 5. When mung bean sprout has been grown enough for cooking, in 48 hours, the content of vitamin C in the sample treated with Gibberellin 10ppm is highest but a significant difference is not recognized. 6. After 24 hours growth, vitamin C decreases but reducing sugar increases.

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Nonlinear Dynamics between Economic Growth and Pollution (경제성장과 환경오염 간의 비선형동학 분석)

  • Kim, Ji Uk
    • Environmental and Resource Economics Review
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    • v.15 no.3
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    • pp.405-423
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    • 2006
  • This paper develops theoretical model between economic growth and pollution as follows: First, emissions are generated from final good production process and technology accumulation. Second, pollution is directly connected with increase in final good production or in consumption, Third, no pollution abatement activity would be undertaken. Fourth, reproducible factors associated with labor and capital input are used in production function. We also test the existence of nonlinear Dynamics between economic growth and pollution using an exponential smooth transition autoregressive model(ESTAR). We find the presence of nonlinear dynamics between economic growth and pollution with a time series data for Seoul. This result shows indirectly that an inverted U relationship between air pollution and economic growth exists.

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Industrial Growth and Environmental Resource toward the Tax Potential: A Case Study in South Sulawesi Province

  • RUM, Muh.;KUSUMAWARDANI, Anisa
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.201-210
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    • 2020
  • This study aimed to analyze the influence of the industrial growth and the effect on government tax potential of the South Sulawesi Province. The growth of the tax object affects government tax potential of South Sulawesi Province. Environmental resources affect government tax potential of the province. The study used multiple linear regressions on primary data. The population consisted of all officers and staff involved in regional work units. Revenue Service area in South Sulawesi Province counts 630 employees. The sampling method is purposive sampling random carried out based on specific objectives. The respondent qualifications are taken from the Technical Implementation Unit Office and the Department of Revenue. The number of respondents is 96 from the Head of UPTD and three of them are related with tax Section Chief Officer. The results showed that industrial growth has a significant and positive effect on the potential increase in tax of South Sulawesi. Growth in tax object significantly affects the potential increasing tax of South Sulawesi. Environmental resources significantly affect the potential Increase in tax. Practical recommendations for local government is to enhance tax potential, reduce bureaucracy in industrial licensing, and facilitate local farmers to get involved in economic contributions.

Healthy Family from the Perspectives of Green Growth : Mission and Practice (녹색성장 관점에서 본 건강가정 : 과제와 실천)

  • Song, Hye-Rim;Kim, Yoo-Kyoung
    • Journal of Family Resource Management and Policy Review
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    • v.15 no.4
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    • pp.1-17
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    • 2011
  • The purpose of this study is to analyze the correlation between the perspectives of Green Growth and Healthy Families, and to suggest an expansive paradigm for the study on Healthy Families in the context of Home Economics. From the perspective of Green Growth, the sustainability for future generations, the ecological value, and the foundation of the community network were searched as the key points. So, from the key points, and in the context of Healthy Families, two strategies were suggested: First, the care services in the Center for Healthy Families have to be extended to give more opportunities to the users and the various demands for the care services can be satisfied. Secondly, the exchange of services has to be more activate in the local community so that our society itself can become a completely family-friendly society. Moreover, this study suggested a mission of Home Economics, that the study for family policy, the development of related programs, and the education of professionals for the Center for Healthy Families can be more connected with the perspectives of Green Growth, especially the focus on family, its ecological living patterns and the detailed attitudes needed to balance between industry, the economy, and family in the context of Green Growth.

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Infrastructure-Growth Link and the Threshold Effects of Sub-Indices of Institutions

  • OGBARO, Eyitayo Oyewunmi;OLADEJI, Sunday Idowu
    • Asian Journal of Business Environment
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    • v.11 no.1
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    • pp.17-25
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    • 2021
  • Purpose: This study extends previous empirical work on the threshold effects of institutions on the relationship between infrastructure and economic growth. It does so by using three sub-indices of institutions as the threshold variable in place of aggregate index. This is with a view to determining the roles of the sub-indices in the nexus between infrastructure and economic growth. Research design, data and methodology: The analysis is based on a dynamic panel threshold regression model using a panel data set comprising 41 countries in Sub-Saharan Africa over the sample period of 1996-2015. Data are obtained from Ogbaro (2019). Results: The study finds that infrastructure exerts significant positive effects on economic growth below and above the threshold values of the three sub-indices, with higher effects above the threshold values. Results also show that on average, the Sub-Saharan African countries are not able to satisfy any of the threshold conditions, which accounts for their poor growth experience. Conclusion: The study concludes that countries with weak institutions do not benefit maximally from infrastructure development policies. The paper, therefore, recommends that countries in Sub-Saharan Africa need to focus on improving their institutional patterns if they are to reap the optimum benefits from their infrastructure development efforts.

Revisiting the Nexus of Foreign Direct Investment, Financial Development, and Economic Growth: The Case of Emerging Economies

  • KUMAR, Jai;SOOMRO, Ahmed Nawaz;KUMARI, Joti
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.1
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    • pp.203-211
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    • 2022
  • Foreign direct investment (FDI) has increased at an exponential rate during the last two decades. It is now a feature of emerging market economies as well. Foreign direct investment and financial development are important factors in an economy's growth. Various studies have examined the impact of foreign direct investment and financial development on economic growth in different countries and areas. However, the findings are currently inconclusive. Using updated data from 1970 to 2020, this study will examine the relationships between FDI, financial development, and economic growth in 30 rising economies.GDP is the dependent variable, while FDI, financial development, trade openness, infrastructure, exchange rate, and GDP growth are the independent factors. To estimate the panel data, we used the most recent econometric models. The study's major findings suggest that FDI and financial development are critical determinants in emerging economies' economic progress. Furthermore, multiple robustness checks supported the study's empirical findings. The results of this study include various practical recommendations for investors, governments, and policymakers, given the increased interest in global economic integration and member states' reliance on FDI as a critical aspect of sustaining prosperity.