• Title/Summary/Keyword: Economics Growth

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Imported Intermediate Goods and Economic Growth

  • Kim, Kyung-Min
    • Journal of Korea Trade
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    • v.25 no.8
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    • pp.25-44
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    • 2021
  • Purpose - This research aims to provide empirical evidence that highlights the importance of imported intermediate goods in long-term economic growth. To this end, this paper develops an index that measures the productivity gains associated with a country's intermediate goods imports using highly disaggregated trade data. Design/methodology - The basic hypothesis is that countries sourcing higher-productivity (or higher-quality) inputs from developed economies derive a larger benefit from foreign R&D. To explore this hypothesis, standard cross-country growth regressions are performed using the highly disaggregated data from the United Nations (UN) Commodity Trade Statistics Database (COMTRADE). To address the endogeneity issue, I apply an instrumental variable (IV) approach. Findings - The results of this study demonstrate that the index predicts subsequent economic growth in middle- and low-income countries. This finding is consistent with previous studies that have argued that developing countries can achieve substantial productivity gains by importing intermediate inputs from developed countries. By contrast, there is no evidence of a significant association between the index and economic growth in high-income countries. Originality/value - This paper contributes to our understanding of the causal relationship between international trade and economic growth. From an economic policy perspective, the results suggest that developing countries with limited technology endowment can boost growth from input-tariff liberalization.

The Impact of Product Distribution and Information Technology on Carbon Emissions and Economic Growth: Empirical Evidence in Korea

  • Lee, Jung Wan
    • The Journal of Asian Finance, Economics and Business
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    • v.1 no.3
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    • pp.17-28
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    • 2014
  • The paper deals with the impact of the product distribution and information technology sectors on energy resource use, carbon emissions and economic growth by examining the long-run equilibrium relationships and Granger causal relationships among these variables in South Korea. The quarterly time series data from the first quarter of 1970 to the third quarter of 2010 (163 observations) are collected and retrieved from the Bank of Korea database. The paper examines the long-run equilibrium relationships using cointegration techniques and Granger causality using vector error correction models. Test results indicate a long-run equilibrium relationship exists among these variables. In testing directional causality, both the product distribution and the information technology sectors show direct effects on economic growth but only marginal effects on carbon emissions.

R&D기반 성장모형의 실증분석

  • 조상섭;정동진;장송자
    • Journal of Technology Innovation
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    • v.10 no.2
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    • pp.91-105
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    • 2002
  • This paper extends the empirical analysis on R&D based growth model so that the nonstationary panel unit root testing methods can be used to distinguish the exogenous growth model and R&D based growth model for the 1981-1999 period with fourteen OECD economies including Korea. Our results show that first, using U.S. and Group mean as benchmarking, the stochastic R&D productivity convergence to benchmarking is not supported in our data set. Second, the empirical results for stochastic nonconvergence to the U.S. or group mean also are robustness to panel unit root methods. We, therefore, find strong support for the implications for R&D based growth model.

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A Study of the Effects of Champion's Transformational leadership on Belts' Creativity: Based on Mediate Effects of Belts' Intrinsic Motivation and Project's Learning and Growth (6시그마 챔피언의 변혁적 리더십이 창의성에 미치는 영향에 관한 연구 : 내재적 동기와 프로젝트 학습과 성장성과의 매개효과를 중심으로)

  • Yang, Jong-Gon;Kim, Jin-Kyu
    • Journal of Korean Society for Quality Management
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    • v.39 no.2
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    • pp.256-270
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    • 2011
  • The study attempts to propose and test a causal research model using SEM (Structural Equation Model) to determine whether there is a relationship between six sigma champion's transformational leadership and belts' creativity based on the mediated effects of intrinsic motivation and project's learning and growth. The subjects of the study composed of 134 belts from manufacturing and service firms implemented six sigma. Empirical results show that transformational leadership is positively related to intrinsic motivation and project learning and growth. In addition, intrinsic motivation and project learning and growth are positively related to creativity. The results of the study imply that creativity of six sigma belts would be enhanced by implementation of six sigma projects and utilizing six sigma tools and methods.

Growth Performance and Economic Evaluation of Insect Feed Powder-Fed Ducks (곤충분말 사료를 오리사료에 첨가 시 생산성과 경제성에 대한 평가)

  • Jang, Woo-Whan;Chung, Tae-Ho;Choi, In-Hag
    • Journal of Environmental Science International
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    • v.28 no.8
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    • pp.709-712
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    • 2019
  • The effect of insect feed powder on the growth performance and economic evaluation of ducks was investigated. One hundred and twenty-old Pekin ducks were randomly assigned to two dietary treatments (0% and 1% Hermetia illucens powder) with three replicates of 20 birds each for 14-42 d. No significant (p>0.05) difference in growth performance between the control and 1% H. illucens powder was observed, except the feed conversion ratio (p<0.05), for the experimental period. The treatments with 1% H. illucens powder improved the economic indicators in comparison with the controls. Therefore, a diet supplemented with 1% H. illucens powder could significantly improve the feed conversion ratios and increase the economic indicators.

The Impact of Income Inequality on Economic Growth: Empirical Evidence from Vietnam

  • HIEN, Luong Quang
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.305-312
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    • 2022
  • Each country's economic progress creates opportunities for its citizens to raise their income. Meanwhile, the country has secured the people's social security policies, particularly the protection of income equality, to promote harmonious and sustained economic development. Vietnam has been located in a dynamic economic development area in Southeast Asia since the 1986 economic reforms, with an annual growth rate of around 7%. Meanwhile, having achieved a middle-income status of roughly 3500 USD per person per year, Vietnam is attempting to maintain income equality and access to welfare systems for its inhabitants. As a result, the primary goal of this study is to use an autoregressive distributed lagged model to investigate the effects of income inequality and other economic factors such as foreign direct investment and trade openness on Vietnam's economic growth from 1992 to 2019. The research focuses attention on literature on income inequality, economic development indicators, and economic development in unique ways in this study. Income inequality slows the rate of change in economic development in the same year, according to our findings. Finally, the study will make policy suggestions to the Vietnamese government.

Human functions in innovation and sustainable marketing

  • Jat-Syu Lau;Ziyuan Li
    • Advances in concrete construction
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    • v.16 no.2
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    • pp.97-106
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    • 2023
  • This research endeavors to explore the enhancement of workforce economic efficiency through the application of nanotechnology, focusing on its economic implications. The findings of this investigation reveal that in recent years, surging global population growth and escalating demands for products and services have led to excessive resource consumption, resulting in adverse environmental consequences and altering environmental conditions-a phenomenon referred to as the economic growth dilemma. Entrepreneurs and economic stakeholders have begun to recognize the importance of sustainable development and the integration of environmental considerations into the production of goods and services. Within this context, knowledge-based economies have emerged as a driving force for sustainable business practices, particularly in the realm of nanotechnology. The integration of nanotechnology across various industries, including pharmaceuticals, agriculture, environmental management, and the chemical and petroleum sectors, as well as energy distribution, has yielded remarkable results. Consequently, this research aims to investigate the application and integration of nanotechnology in environmentally friendly silver nanoparticle production within select industries. Subsequently, it will examine the far-reaching implications of nanotechnology on economic growth and sustainable development.

Effects of Substitution of Fermented King Mushroom By-Products Diet on the Growth Performance, Carcass Traits and Economics of Fattening Pigs

  • Chu, Gyo Moon;Ha, Jang Woo;Song, Young Min
    • Journal of Animal Science and Technology
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    • v.55 no.4
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    • pp.273-280
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    • 2013
  • This study was conducted to investigate the effects of fermented king oyster mushroom by-products diet (FMBD) on the growth performance, blood characteristics, and carcass traits of fattening pigs and its economics. The fermented diet mainly contained 40.0% king oyster mushroom (Pleurotus eryngii) by-products, 20.0% corn, 28.0% soybean meal, 0.1% supplemental probiotics and 0.08% cellulase. The mixed ingredients were fermented for 1 d at $37^{\circ}C$ followed by 9 d at room temperature, after which they were dried at $45^{\circ}C$ for 3 d. Pigs (n=96) were divided into eight heads per pen, four diet treatments and three replications. The basal diet (C) was substituted with 20% (T1), 50% (T2) and 80% (T3) FMBD. The concentration of crude protein (CP) was significantly higher (p<0.05) at the end of the fermentation period. The average daily gain (ADG) and feed efficiency were significantly lower (p<0.05) in T3 than C. Additionally, carcass grade was significantly better (p<0.05) in all treatments than C and the ratio of high carcass grade was higher. Although substitution of FMBD decreased growth performance, it improved carcass grade and decreased the feed cost of fattening pigs. Therefore, it was expected that the increase in the utilization ratio of FMBD will reduce the cost of animal production.

Formation Models of Body Image, Self-Esteem, and Clothing Attitudes as Related to Pubertal Physical Growth (여고생의 신체발달에 따른 신체이미지 및 자기존중감 의복태도 형성모델)

  • Koh Ae-Ran;Lee Soo-Gyoung
    • Journal of the Korean Home Economics Association
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    • v.42 no.11
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    • pp.189-203
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    • 2004
  • The purposes of this study were to identify 1) the effect of physical growth on body criticism from others and body image,2) the effect of body criticism from others on sociocultural attitude toward appearance, body image, and self-esteem, 3)the effect of sociocultural attitude toward appearance on body image, 4)the effect of body image on self=esteem and clothing attitude, and 5) the effect of self-esteem on clothing altitude on Korean female teenagers. The data were collected from 436 high school girls living in Seoul, Korea, via self-administered questionnaires, and were analyzed by factor analysis and LISREL models. The result of this study were as follows: 1) Among three measurement variables of physical growth, the height had a negative effect on body criticism from others. Sexual maturation positively influenced the affective aspect of body image. 2) Body criticism from others had a positive effect on the sociocultural attitude toward appearance and a negative effect on the affective aspect of body image. 3) The sociocultural altitude toward appearance had a negative effect on the affective aspect of body image and a positive effect on the cognitive/behavioral aspect of body image.4) The affective aspect of body image had a positive effect on the cognitive/behavioral aspect of body image, self-esteem, and clothing attitude. However, the cognitive/behavioral aspect of body image had a positive effect on clothing attitude.5) Self-esteem had no significant effect on clothing attitude.

The Effects of Environmental Improvement on Economic Growth (경제성장에 따른 환경개선 효과 실증분석)

  • Gahyeong Hur
    • Environmental and Resource Economics Review
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    • v.31 no.4
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    • pp.887-908
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    • 2022
  • In order to confirm the effects of economic growth and environmental improvement, this study analyzed the existence of environmental Kuznets curve (EKC) for SO2 emission, greenhouse gas emission, and waste generation in OECD countries. As a result of panel analysis, the shape of the EKC were different depending on environmental pollutants. SO2 generated peaks relatively early in economic growth, and the peak of greenhouse gas emissions was showed in higher income level. But both emissions showed the a complete inverted U-shaped curve decreasing after the peak. On the other hand, for waste, there was no environmental Kuznets curve that could confirm the peak. Therefore, this study confirmed that it is difficult to expect a voluntary reduction in all environmental pollutants, and additional global joint efforts are needed to pass the peak. In particular, since waste has a greater impact on population density and industrial structure than income level, additional policy efforts are needed to reduce generation and create a resource circulation system.