• Title/Summary/Keyword: Economics Growth

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Is Economic Globalization Destructive to Air Quality? Empirical Evidence from China

  • GURBUZ, Eren Can
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.10
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    • pp.15-27
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    • 2022
  • Recently, as carbon dioxide (CO2) emissions have increased overall and contributed to air pollution, and awareness of environmental degradation has grown. This study examines the impacts and causalities of economic globalization, economic growth, energy consumption, and capital formation on CO2 emissions in China over the period 1971-2014. The vector error correction model (VECM) and Granger causality test on time-series data are employed to observe the interactions between CO2 emission, economic globalization, and various economic factors, including economic growth, energy consumption, and capital formation, since China's early stage of globalization. The empirical results indicate the existence of bidirectional causalities from economic growth, gross capital formation, economic globalization, and CO2 emission to energy consumption, and bidirectional casualty from energy consumption to CO2 emission relationships in the short run. The findings of this study suggest that indirect bidirectional causalities from economic growth, economic globalization, and capital formation to CO2 emission through energy consumption are observed. Moreover, economic globalization accelerates CO2 emission in the short run but decreases it in the long run. To reduce CO2 emissions, and to ensure sustainable economic growth and economic globalization progress, some crucial energy-saving and energy-efficiency policies, regulatory rules, and laws are recommended.

Impact of economic integration between South and North Korea on the agricultural market

  • Sukho Han;Yongho Choi;Byung Min Soon
    • Korean Journal of Agricultural Science
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    • v.49 no.1
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    • pp.77-91
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    • 2022
  • North-South Korea economic integration is progressing slowly given the sensitive responses to changes in internal and external conditions. Nevertheless, advanced discussions focusing on North-South Korean economic cooperation should continue. Given this background, various studies of the economic effects of economic integration between North and South Korea have been conducted, but research on agricultural issues has been limited. The purpose of this study is to analyze the impact of the economic integration of South and North Korea on the agricultural market. In this study, a simultaneous equation model was constructed using a growth model. Solow's growth accounting approach is used to construct a model for estimating the macroeconomic effect of North-South economic integration. Also, the construction of growth accounting formulas subdivided into South and North Korea as well as agriculture and non-agricultural fields during the construction of the growth model is a major research achievement and differentiates it from previous studies. It is expected that the results of this study will serve as basic information for preparing policy measures to promote integration. However, there are many limitations when estimating the economic effects of North-South agricultural integration and obtaining policy implications given the insufficient available statistical data on agriculture in North Korea and the lack of related studies in the agricultural field. Therefore, it should be noted that there is an inherent problem in that the analysis results vary greatly depending on the assumptions set, as there is inevitably no choice but to rely on many and strong assumptions.

The Nexus Between Social Mobility and Regional Disparity: Empirical Evidence from India

  • SINGH, Anuradha;MUNIYOOR, Krishna
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.1
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    • pp.229-240
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    • 2022
  • This article examines the link between regional disparity and social mobility in India. There has been a steady rise in economic inequality in India. The rapid economic growth coupled with a rise in income inequality is a serious concern in India. While the emphasis is on inclusive growth, it appears difficult to tackle the problem without looking at the intricacies of the problem. The Social Mobility Index is an important tool that focuses on bringing long-term equality by identifying priority policy areas in the country. We used a multivariate statistical approach to construct a social mobility index at the regional level by considering several social and economic variables. Our findings show that while the Union Territory of Delhi ranks first in the social mobility index, Chhattisgarh has the least social mobility. From a policy perspective, a comprehensive examination of the determinants of the social mobility index shows that health, education access, and quality, and equity of education are of great importance in improving social mobility. Considering India's potential economic growth resulting from its 'demographic dividend' and improved access, markets, and technology, increasing social mobility through facilitating equal opportunities in society is key to achieving inclusive growth.

A Creative Economy Development Strategy: The Case of Trenggalek Creative Network for Trenggalek Regency, Indonesia

  • AGUSTINA, Yuli;WINARNO, Agung;PRATIKTO, Heri;NARMADITYA, Bagus Shandy;FILIANTI, Filianti
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1111-1122
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    • 2020
  • The purpose of this research aims to develop the creative economy sector of rural communities in Trenggalek Regency, East Java, Indonesia by mapping the creative economy sub-sectors in Trenggalek Regency. The creative economy industry has been shown to have a positive effect on GDP in many developing countries and developed countries. In urban areas, the creative economy is often associated with the development of advanced technology, such that it is unlikely to evolve in rural communities. However, the rural environmental landscape, which not only has a wealth of creative human capital but also a cultural heritage, also encourages the growth of the creative economy sector in rural areas. This qualitative research was conducted for 60 working days through in-depth interviews, focus group discussions, observation and literature review. More precisely, first, it identified the potential of the creative economy both sectorally and regionally. Second, it identified the leading creative economy subsectors and compiled a creative economic development road map. After defining and mapping the potential of the creative economy, four of the sixteen sub-sectors of the creative economy were identified to be developed through a strategic plan for the growth of the creative economy using urban branding, innovative industrial centers and renewable resources.

A Study on the Estimation of Electricity Demand for Heating and Cooling using Cross Temperature Response Function (교차기온반응함수로 추정한 전력수요의 냉난방 수요 변화 추정)

  • Park, Sung Keun;Hong, Soon Dong
    • Environmental and Resource Economics Review
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    • v.27 no.2
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    • pp.287-313
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    • 2018
  • This paper measures and analyzes cooling and heating demand in Korean electricity demand using time-varying temperature response functions and cooling and heating temperature effects. We fit the model to Korean data for residential and commercial sector over 1999:01~2016:12 and the estimation results show that the growth rate of heating demand is much higher than that of base and cooling demand, and especially the growth rate of heating demand in commercial sector is much higher. And we define the temperature-normalized demand conditioning that monthly temperatures are assumed as average monthly temperatures. The growth rate of heating demand in the estimated temperature-normalized demand is higher than that in the real demand. Our results are expected to be a base data for Winter Demand Management and short-term electricity demand forecasting.

Analysis of the Relationships among Energy, Economic Growth and Greenhouse Gas Emissions Using Metropolitan City/Province Level Data (광역시·도별 자료를 이용한 에너지, 경제성장, 온실가스 배출 간의 관계 분석)

  • Lee, Jaeseok;Lee, Keun-Dae;Yu, Bok-Keun
    • Environmental and Resource Economics Review
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    • v.30 no.3
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    • pp.503-533
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    • 2021
  • This paper analyzes the relationships among the energy consumption, renewable energy production, real gross regional domestic product(GRDP), and greenhouse gas(GHG) emissions. It uses the metropolitan city and province level data for Korea from 2010 to 2018, employing a panal vector autoregressive(VAR) model. We find that an increase in energy consumption has a limited impact on boosting renewable energy production or gross regional domestic product, while it leads to an increase in greenhouse gas emissions. A rise in renewable energy production can increase gross regional domestic product, but it has no meaningful effects on energy consumption and the reduction of green house gas emissions. Our finding indicates that it is crucial to expand the supply of renewable energy as well as to decrease energy consumption in order to achieve the goal of reducing greenhouse gas emissions and reaching economic growth.

A Comparison between Two Viewpoints of Agricultural Extension;A comparison between economic and non-economic method (농촌지도의 두 가지 관점의 비교;계량적 방법과 비(非)계량적 방법의 비교)

  • Lim, Hyung-Baek;Yoon, Jun-Sang
    • Journal of Agricultural Extension & Community Development
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    • v.6 no.2
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    • pp.105-118
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    • 1999
  • There are two viewpoints in agricultural extension. One is economics(econometrics) the is non-econometric social sciences. In Korea economic means mainstream economics. Most mainstream economists have tried to solve the social and economic problems of Korea using their basic principles and econometrics. This mainstream economics have been supported by the Korean government and many people due to its convenience, effectiveness, and clearness. However, Agriculture and agricultural extension should be studied through multidisciplinary approaches after considering their specific social structures. Especially, Korean agriculture and agricultural extension have many aspects that can not be easily explained by main stream economics. In this study, the researchers will; 1)identify the origin, growth, and limitation of mainstream economics, i.e. econometrics 2)identify the paradigm and the view of social sciences and out-of-mainstream economics to make up for the limitation of main stream economics in explain the agriculture and agricultural extension in Korea, and 3)suggest to use multidisciplinary approaches to solve the agriculture and agricultural extension in Korea.

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The Learning Effects and the Cognition of Home Economics by Sex in Middle Schools (중학교 남녀학생별 가정교과에 대한 인식 및 학습효과 -경남지역을 중심으로-)

  • 신동순;김상희;오화자;정효숙;정혜경
    • Journal of Korean Home Economics Education Association
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    • v.9 no.1
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    • pp.71-82
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    • 1997
  • The aims of this research study is to clear the differences of the learning effects and the cognition of Home Economics by sex in the middle school and to collect the future-oriented educational dates, after implementing the 6th education curriculum. The results of the study are as follows ; 1. Most of students had the cognition that Home Economics is a subject matter of a needful knowledge and skill for the family life, half students a cultural subject matter for the modern life. The former was supported by female students, the latter by male students. 2. Most of students were interested in actual training fields of cooking and hand-sewing, had a strong interest about a field of physical and social-psychological growth. The differences by sex interest about significant in these fields. 3. Most of students had positive responses in the learning effects of Home Economics. The most useful field was cooking and the worst was the structure and method of sewing machine. 4. The shortage and the dissatisfaction in the learning of Home Economics were lacking of the actual training hours, the old-fashioned teaching methods and the shortage of teaching materials etc.

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Home Ecology, Everyday Life, and Life-World: Beyond the Scholarship of Colonial Modernity (생활과학, 일상생활, 그리고 일상성: 식민지적 근대화와 '일상'을 지운 학문을 넘어서기)

  • Cho, Hae-Joang
    • Journal of the Korean Home Economics Association
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    • v.44 no.8
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    • pp.143-150
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    • 2006
  • Life Science or Home Economics has its own history of scholarship. In South Korea, the School of Home Economics was regarded as the best school of 'producing best brides' in the early stage of its academic history. Since the 1980s when South Korean society went through a speedy economic growth with development of culture and service industry, the school was transformed to educating highly professional career women in the field of industry which deals with everyday lives. As an applied science in nature, the school of Home Economics has had a heavy emphasis on engineering the familial and social life. It also has heavily depended on imported theories and statistical researches. In the crisis of familial and social disintergration, the role of School of Home Economics needs to be redefined. Reexamination of the premises of Home Economics and methodology is necessary. Decolonializaton of the scholarship in the changed condition of global capitalism is particularly urgent in the late modern era of reflexion.