• Title/Summary/Keyword: Economics Growth

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Evaluation and estimation of the number of pigs raised and slaughtered using the traceability of animal products

  • Sukho Han
    • Korean Journal of Agricultural Science
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    • v.49 no.1
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    • pp.61-75
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    • 2022
  • The first purpose of this study is to evaluate the usefulness of pork traceability data, which is monthly time-series data, and to draw implications with regard to its usefulness. The second purpose is to construct a dynamic ecological equation model (DEEM) that reflects the biological characteristics at each growth stage, such as pregnancy, birth and growth, and the slaughter of pigs, using traceability data. With the monthly pig model devised in this study, it is expected that the number of slaughtered animals (supply) that can be shipped in the future is predictable and that policy simulations are possible. However, this study was limited to traceability data and focused only on building a supply-side model. As a result of verifying the traceability data, it was found that approximately 6% of farms produce by mixing great grand parent (GGP), grand parent (GP), parent stock (PS), and artificial insemination (AI), meaning that it is necessary to separate them by business type. However, the analysis also showed that the coefficient values estimated by constructing an equation for each growth stage were consistent with the pig growth outcomes. Also, the model predictive power test was excellent. For this reason, it is judged that the model design and traceability data constructed with the cohort and the dynamic ecological equation model system considering biological growth and shipment times are excellent. Finally, the model constructed in this study is expected to be used as basic data to inform producers in their decision-making activities and to help with governmental policy directions with regard to supply and demand. Research on the demand side is left for future researchers.

Determinants of Productivity in Korean Logistics Industry - Focusing on Market Power and Firm Structure - (한국 물류산업의 생산성 결정요인 - 시장지배력과 기업구조를 중심으로 -)

  • Kim, Jong-Ho
    • International Area Studies Review
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    • v.13 no.1
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    • pp.123-143
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    • 2009
  • This paper investigates the determinants of total factor productivity(TFP) growth in Korean logistics industry such as market share, ownership structure, age of firm, firm size and debt ratio. Using financial data on individual firms in Korean logistics industry, we first estimate firm-level TFP growth rate and then, regress the estimated TFP growth rate on individual firms market power and structural characteristics. Our empirical results show that logistics firms market share is negatively correlated with their TFP growth rate. Also, we find that older or larger firms are more likely to have higher TFP growth rate.

Factors Affecting the Work Motivation of the Construction Project Manager

  • PHAN, Phuong Thanh;PHAM, Cuong Phu;TRAN, Nhu Thi Quynh;LE, Hang Thi Thu;NGUYEN, Hanh Thi Hong;NGUYEN, Quyen Le Hoang Thuy To
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1035-1043
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    • 2020
  • Project manager plays a very important role in the success of any project. The primary duty of the project manager is to combine the outcomes or results of the various processes and activities of project management into a systematic project management strategy or plan for the project. In the construction industry, a lack of motivation is an urgent problem for many project managers in construction and engineering projects. Lack of motivation affects the quality and productivity of jobs, reducing profits and growth for companies, businesses, contractors or organizations that rely on human resources. The reasons for this lack of motivation are diverse ranging from salary to culture to life and working environment, among others. Through surveys and data analysis using Cronbach's Alpha reliability and EFA (Exploratory Factor Analysis), our research scaled the factors affecting work motivation of project managers in the construction industry in Vietnam. The research results identified six major groups of relevant factors including (i) salary and benefits, (ii) work environment, (iii) promotion opportunities, (iv) organizational culture, (v) interest in the job, and (vi) relationship with the organization. From there, this paper contributed useful information as well as measures for businesses, companies, contractors or organizations in the construction industry.

An investigation and forecast on CO2 emission of China: Case studies of Beijing and Tianjin

  • Wen, Lei;Ma, Zeyang;Li, Yue;Li, Qiao
    • Environmental Engineering Research
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    • v.22 no.4
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    • pp.407-416
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    • 2017
  • $CO_2$ emission is increasingly focused by public. Beijing and Tianjin are conceived to be a new economic point of growth in China. However, both of them are suffering serious environmental stress. In order to seek for the effect of socioeconomic factors on the $CO_2$ emission of this region, a novel methodology -symbolic regression- is adopted to investigate the relationship between $CO_2$ emission and influential factors of Beijing and Tianjin. Based on this method, $CO_2$ emission models of Beijing and Tianjin are built respectively. The models results manifested that Beijing and Tianjin own different $CO_2$ emission indicators. The RMSE of models in Beijing and Tianjin are 255.39 and 603.99, respectively. Further analysis on indicators and forecast trend shows that $CO_2$ emission of Beijing expresses an inverted-U shaped curve, whilst Tianjin owns a monotonically increasing trend. From analytical results, it could be argued that the diversity rooted in different development orientation and the mixture of different natural and industrial environment. This research further expands the investigation on $CO_2$ emission of Beijing and Tianjin region, and can be used for reference in the study of carbon emissions in similar regions. Based on the investigation, several policy suggestions are presented.

Studies on the Required Amount and Safe Level of Polyunsaturated Fat -1. Effects of different levels of perilla seed oil on Blood and Liver of Rats- (불포화 지방의 필요량과 안전성에 관한 연구 -들깨유의 fat level차이에 따른 rat의 혈액과 간에 미치는 영향-)

  • Leekim, Yang-Cha;Kang, Seung-Hyun;Song, Il;Kim, Hae-Kyung;Lee, Ki-Yull
    • Journal of Nutrition and Health
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    • v.12 no.2
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    • pp.99-105
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    • 1979
  • This study was carried out using rats weighing $40{\sim}50\;g$ which were devided into seven groups with various diet compositions emphasizing fat levels of perilla seed oil for the period of 41/2 weeks. The levels of fat in the diet were 5%, 10%, 15% and animals were fed ad libitum. The results are as follows : 1) Yellow pjgmentation of both neck and tail was clearly observed in groups fed 10% and 15% level perilla seed oil without vitamin I supplementation (IV and VII). 2) The growth rate in groups fed 15% level perilla seed oil was reduced as compared to that in groups fed 5% or 10% level perilla seed oil. 3) The mean hematocrit values of 15% level perilla seed oil groups tended to be lower than those of control group, tut the differences were not significant. 4) The serum vitamin I concentration showed different value in various groups, the values of control group were significantly higher than those of perilla seed oil groups-15% level with or without vitamin E supplementation (VI and VII) and 10% level without vitamin E supplementation (IV). According to the results, 10% level-perilla seed oil in the diet can be considered safe if vitamin E is not omitted from the vitamin mixture ana the group fed 15% fat with P/S ratio of 1 appeared to be safe during the experimental period. Finally the long-term studios have to be persued in many aspects by using perilla seed oil in the experimental diet. Because rats are known t4 be quite resistant to the experimental diets, comparative studies using various animal species have to he conducted.

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Risk Factors Affecting Equipment Management in Construction Firms

  • PHAM, Cuong Phu;NGUYEN, Phong Thanh;PHAN, Phuong Thanh;NGUYEN, Quyen Le Hoang Thuy To;LE, Loan Phuc;DUONG, My Tien Ha
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.347-356
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    • 2020
  • Mechanization and automation constitute an essential stage in the production and operation of any company, as one of the determinants of increase in labor productivity and decrease in product price, while significantly contributing to shortening of the lead time. Businesses are, therefore, able to quickly put projects into operation, improving economic efficiency, quality, and aesthetics, which speeds up the national economic growth. For the construction industry to be the most effective, modern construction equipment is a necessity. It is one of the five main resources of a construction project. Thus, effective construction equipment management contributes to the success of a project and benefits the relevant construction companies economically. This paper presents the critical risk factors affecting equipment management and proposes suitable solutions. The questionnaire-based survey with experienced experts in the construction sector on the management of the likelihood and consequence of risk factors revealed thirty-two risks for equipment management in construction companies. These factors fell into six groups: (i) site organization-related risks; (ii) management-related risks; (iii) owner-related risks; (iv) supplier-related risks; (v) legal risks, and (vi) site condition-related and external risks. The results showed that management-related factors contributed to the most significant risks and problems for equipment management in construction companies.

Economical Meaning and Problem concerning Industrial Differentiation of Laver Industry (김 산업의 산업적 분화가 가지는 경제적 의의와 문제점)

  • Kim, Byung-Ho;Lim, Dong-Hoon;Yi, Ju-Hyun
    • The Journal of Fisheries Business Administration
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    • v.47 no.1
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    • pp.47-61
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    • 2016
  • This study is aimed to analyze economical meaning and problems on the industrial differentiation of Korean laver industry. Based on the surveyed data, the export value of korean laver has increased over 28 times for last 20 years($10 million to $300 million) and the separation of farming and processing was an important success factor of rapid growth of korean laver industry. However, the result of the survey shows that the farming profit is 534.1 won out of the total price for a bunch of dried laver, 3,566.3 won. So, farming profit counts for just 15 percent of total price. In contrast, the processing profit is 1,143.5 won and it is 32.1 percent of total price. This means that laver farmers are not being guaranteed their profit properly. This phenomenon is occurred due to lower status of first-hand processors(which produce dried laver) to second-hand processors(which produce seasoned laver) due to advanced payment given by second-hand processors. So, fist-hand processors should provide their product in the price which was designated by second-hand processors. Besides, despite of many business risks caused from climate change and environmental pollution, the market price of raw laver has steadily decreased. For sustainable prosperity of korean laver industry, imbalance on korean laver industry concerning profit sharing is need to be changed. In future, self-processing of dried laver in fishery household and enhancing the role of The Fisheries Cooperative Union in laver industry can be considered.

Assessment & implications of the business cessation support system for farmers: focus on the grape business

  • Han, Sukho;Youm, Jungwon;Jang, Heesoo;Koo, Seungmo
    • Korean Journal of Agricultural Science
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    • v.47 no.3
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    • pp.533-544
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    • 2020
  • In this paper, we conducted a dynamic ex-post assessment on the grape business cessation support System. Based on the analysis results, in the short term, there was an increase in grape price due to a decrease in production and accompanying increases in the prices of consumption substitution items. However, in the long run, grape prices fell again due to an increase in grape production because of the entry of new grape farmers and the growth of adult grape trees. In addition, the analysis showed that the balloon effect caused by the conversion of crops caused indirect damage such as an increase in the production volume of substitution crops and a decrease in prices. When analyzing the social welfare measurement, the results showed that the support system for business cessation increased the overall social welfare due to an increase in producer welfare because of a price increase in the short term, but in the long term, both producer and consumer welfare decreased. In the end, it is necessary to review the system because the government's intervention may cause market distortion and inefficient resource allocation. Above all, it is necessary to minimize the indirect effect of the industry's contraction and balloon effect due to excessive business cessation. For this, conditional support should be provided in parallel with post management rather than unconditional support. In addition, it is necessary to provide a strategic support system that considers substitution items in addition to those items to be supported.

For the Reforms and Progress in Researches on Korean Economy (개혁과 진보를 향하여 : 한국경제연구 10년의 기록)

  • Song, Won-Keun
    • 사회경제평론
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    • v.31 no.1
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    • pp.1-23
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    • 2018
  • This study reviews articles published in the Review of Social & Economics Studies and presented at many research conferences organized by Korean Association for Political Economy(KAPE). The purpose of this review is to retrospect such research activities of KAPE and to make a step forward to relevant research on Korean Economy. Considering current economic depressions and the crisis of academic science in general, the responsibilities of researchers as a economist are heavier than ever. To break through these difficulties, we have to inspire and organize research activities at KAPE level above all things. At the individual level, we should attend objective analysis and propose alternatives to Korean economy in the lights of reform and progress viewpoint.

The Effect of Foreign Direct Investment on Total Factor Productivity in Selected ASEAN+3 Countries: New Evidence Using A Panel ARDL Study

  • ABIDIN, Noorazeela Zainol;KARIM, Zulkefly Abdul;SHAARI, Mohd Shahidan;LAILA, Nisful
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.109-117
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    • 2021
  • This study investigates the effects of FDI and other macroeconomic variables on Total Factor Productivity (TFP) in selected ASEAN+3 countries from 1981 till 2016. Total Factor Productivity (TFP) for each ASEAN+3 country was constructed using the Malmquist productivity index method. Then, a panel ARDL framework (dynamic heterogeneous panel), namely Pooled Mean Group (PMG), Mean Group (MG), and Dynamic Fixed Effect (DFE) are employed in examining the effects of FDI and other controlling variables on TFP. The new findings show that FDI has a significant and positive impact on TFP in the long run and the short run in ASEAN+3 countries. Besides, the results also reveal that in the long run, other variables such as the average number of years of schooling and the ratio of high-skilled to low-skilled labor also have a significant and positive effect on TFP. However, economic openness, government expenditure on R&D, and interaction between countries and FDI have a negative and significant impact on TFP. These findings implied that the recipient countries must ensure their political stability and offer various incentives to attract more investors. Furthermore, the influx of foreign investors, especially large ones and lower costs, should be encouraged by each country as FDI inflows can boost their TFP growth.