• Title/Summary/Keyword: Economics Growth

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Is the RCEP a Cornerstone or Just Collaboration? Regional General Equilibrium Model Based on GAMS

  • Ahmed, Yosri Nasr;Delin, Huang;Reeberg, Benito Giovanni;Shaker, Victor
    • Journal of Korea Trade
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    • v.24 no.1
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    • pp.171-207
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    • 2020
  • Purpose - This paper investigates the potential effect of the Regional Comprehensive Economic Partnership (RCEP) on trade liberalization among member countries in order to answer key questions in our research on whether the RCEP will be a cornerstone or just collaboration. Furthermore, it aims to measure the likely magnitude of the economic impact it has on its members. Design/methodology - Toward achieving research objectives, we developed a regional CGE model based on the GTAP 9 database. Findings - The simulation results show Korea, Australia, India, and Japan ranked the top countries with an average growth in GDP of 0.38 %, 0.36%, 0.29%, and 0.23%, respectively. Moreover, China and New Zealand followed with a percentage of 0.12% each. The lower economic performing group is the ASEAN group due to a contraction in GDP by 0.13%. Accordingly, there was a positive impact of the RCEP agreement on all member states, as empirically demonstrated. Furthermore, Korea is one of the countries that will benefit most from joining this agreement. Finally, this agreement is important; it has many economic benefits to member states, but it is not a cornerstone. Originality/value - The examination of the quantitative effects of tariff removal among the RCEP's countries is its value. We will address all member countries of the convention simultaneously using a regional CGE model GAMS language, where we employed a Mathematical Programming System for General Equilibrium (MPSGE) to establish a Regional CGE model. This study is directed to policymakers looking at evaluating RCEP agreement.

The study of Essay Writing Education in Home Economics Education Through Practical Philosophy Curriculum Analysis in Germany (독일의 실천철학교과 분석을 통한 가정과 교육에서의 논술교육 연구)

  • Kim, Eun-Jeung
    • Journal of Korean Home Economics Education Association
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    • v.19 no.4
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    • pp.233-245
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    • 2007
  • The purpose of this study is to investigate the appropriate way of essay writing education which helps the learners perceive and express a stream of knowledge through Home Economics education curriculum by themselves. While one-way type, which teachers just give instructions to students and students just learn from them, has dominated the education, new education focuses on interactive and reciprocal way in thinking and researching together. This new stream requires appropriate and various education method as well as the new concept of education curriculum. This study applies the curriculum of the German practical philosophy that recently has been a debated topic in Home Economics education. The purpose of the curriculum pursuits improving students' practical and critical thinking competence and essay writing is the center of it. In the curriculum learners write essays by asking and answering the questions through seven areas which students can experience based on three angles such as individual, social, and idealogical viewpoints. In this process learners don't remain in the individual angles and are able to be trained as intellectuals who can lead the social and cultural change as well as the individual growth by getting an insight into the idealogical angles. The Germany curriculum what is mentioned in advance presents one possibility that essay education can be introduced in Home Economics education that has accessed the education process by the practical inference based on the practical philosophy. That is, Home Economics education shares the context with essay education whose purpose is the intellect enlightenment because the former is the curriculum to make students build the abilities to access in many-sided angles not just one point, to deal with problems wisely, and to deduce the solutions. Therefore, students are expected to participate in the class dynamically by being satisfied intellectually abreast of practical essay education that helps learners read the stream of knowledge through Home Economics education. In this manner the category of Home Economics education will enlarge by making efforts to diversify the education methodology not staying only one method.

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A Study on Analyzing Structural Changes and Growth Factors of the Three Main Industries in Ulsan Metropolitan City using Regional Input-Output Tables (지역산업연관표를 이용한 울산광역시 3대 주력산업의 구조변화와 성장요인 분석)

  • Kim, So-youn;Ryu, Suyeol
    • Journal of the Economic Geographical Society of Korea
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    • v.20 no.1
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    • pp.1-15
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    • 2017
  • This paper analyzes empirically how the three main industries (petrochemical industry, shipbuilding industry, automobile industry) that are driving the growth of Ulsan region in 2005~2013 have grown by what factors. For this purpose, we investigate the structural changes of the three main industries by using regional input-output tables announced by the Bank of Korea and examine the growth contribution rate of each industry that is divided into domestic final demand, export demand, import substitution for final goods, import substitution for intermediate goods and technological change, respectively. The growth rate of gross output and aggregate demand in petrochemical and automobile industries increased in 2010-1013 compared to 2005-2010, but the growth rate of gross output and aggregate demand in shipbuilding industry slowed down. As a result of analysis of factors contributing to the increase in gross output of the three main industries, export demand has the greatest effect. By industry, the rate of growth contribution of export demand in petrochemical industry is recorded as 209.23% in 2005-2010 and 113.78% in 2010-2013, respectively. The rate of growth contribution of export demand in automobile industry is recorded as 258.72% in 2005-2010 and 72.69% in 2010-2013, respectively. On the other hand, the rate of growth contribution of export demand in shipbuilding industry is recorded as 94.47% in 2005-2010, but it decreased to -255.32% in 2010-2013. Analysis of growth factors of Ulsan's three main industries is expected to serve as the basis for reorganizing related industrial policies and establishing them.

A Study of Ecological Aspect of Food and Nutrition of Elementary School Children in Remote Villages of Chung Buk Province (충북(忠北) 벽촌지역(僻村地域) 국민학교(國民學校) 아동(兒童)의 식생태(食生態)에 관한 연구(硏究))

  • Baek, Soo-Kyoung;Choi, Kyung-Sook;Kim, Bok-Hee;Yoon, Hye-Young;Mo, Su-Mi;Kim, In-Sook;Kang, Seong-Goo;Kim, Jong-Nak
    • Journal of the Korean Society of Food Culture
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    • v.5 no.2
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    • pp.217-228
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    • 1990
  • An ecological study of food and nutrition was conducted among 198 children, 6 to 12 years old, of the Songmyun elementary school and Samsong elementary school, located in remote villages of Chungchun-myun, Goisan-gun, Chung Buk Province between July 11 and 16, 1988. The results were summarized as follows. In regard to frequency of skipping breakfast, 3.3% of subjects skipped every morning; 15% often skipped; and the others never skipped. The most common reason for skipping a meal was lack of appetite. 6.6% of subjects often skipped an evening meal because of delayed meal preparation by a mother who returned home late. The survey found that 5.1% of subjects skipped a lunch at school. The reasons for skipping lunch were the mother’s being too busy to prepare a boxed lunch; a school bag too heavy to carry for a long distance to school; no adequate side-dishes for the boxed lunch. Growth patterns of those children having poor food habits, were reflected in lower figures in arm circumference and weight for height. The percentage of children having meals with their family on weekdays was 84.7% for breakfast; 85.6% for evening meal. About 7% of subjects had many dislikes and 74.1% had some dislikes in what they ate; 18.9% had good food preferences. There was a strong correlation between appetite or food preferences and anthropometric measurements or nutrient intake. Boiled rice was the predominant dietary staple, and principal sources of protein taken by subjects at home were soy beans and soy products. Regarding the boxed lunch prepared at home, most popular was one with only one kind of side-dish, including kimchee. 43.4% of the side-dishes were prepared with vegetables only. As for between meal snacks, milk and milk products, fruits and breads were popular among the subjects. The survey found that the children liked fruits, yogurt, corn, Chajang noodle; in contrast, lowest preference was for soup made with bones, curried meat with rice, and aromatic vegetables. The survey discovered a local dietary characteristics; 46.2% of the children customarily ate frog meat, an unconventional food.

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Preparation of Soymilk Yogurt and the Related Studies (고형 두유 요구르트의 제조에 관한 연구)

  • Oh, Hea-Sook;Lee, Kyung-Hea;Yoon, Sun
    • Journal of Nutrition and Health
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    • v.14 no.4
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    • pp.175-181
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    • 1981
  • This study was carried out to investigate the feasibility of production of soy yogurt, which is inexpensive and high protein product with an acceptable flavor, from soy milk using lactic acid bacteria. Utilization of various carbohydrates by Lactobacillus acidophilus, Streptococcus thermophilus and Lactobacillus bulgaricus was stuied. Sucrose, the major carbohydrate in soymilk, was fermented by L. acidophilus and S. thermophilus. None of the testing microorganisms was able to ferment melibiose and raffinose. Growth of lactic acid bacteria in soymilk was examined every 4 hour. L. acidophilus exhibited the highest growth rate during the early stage. After 16 hours of incubation, however, all the cultures with the exception of L. bulgaricus grew at nearly equal rates. Microscopic examination of mixed cultures showed that the presence of S. thermophilus was much more pronounced than that of L. bulgaricus. All the cultures with the exception of L. bulgaricus formed acid rapidly during 16 hours of incubation, bringing the titratable acidity to 0.6% and pH to 4.3, which was sufficient to cause coagulation of soymilk. L. bulgaricus produced acid to a much lesser extent and caused coagulation of soymitk after 30 hours at earliest. Three kinds of yogurts were prepared from 100% soymilk, 100% milk and 50% soy-50% milk combination by S. thermophilus and were evaluated by taste panel. Soy yogurt received a significantly lower mean odor score than milk yogurt. Soy yogurt had custardlike texture, while milk yogurt was syrupy. However the scores for texture as well as those for color and flavor did not differ significantly among the treatment. The mean total scores for yogurts were not significantly different and were equivalent to ratings between good and high fair.

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An Analysis for Urban Competitiveness of Global Cities & 7 Metropolitan Korean Cities using Oxford Economics Data (우리나라 7대 광역시와 세계 770개 도시 경쟁력 비교분석 - Oxford Economics 자료에 근거한 도시경쟁력 -)

  • Cho, Jae Ho
    • Journal of the Korean Regional Science Association
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    • v.33 no.4
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    • pp.3-17
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    • 2017
  • This study ranks by developing an urban competitiveness index of major global cities, including seven cities in Korea using data from the Global Cities Forecast (2013) provided by Oxford Economics. The City competitiveness index is selected from 18 indicators including scale index, ratio index, growth rate index while Gini coefficient is used for distribution index. In order to analyze the relationship between the competitiveness index and the distribution index, we use the LOGIT panel regression model. As a result, the increase in income inequality (Gini coefficient) has a negative effect on the economic growth rate in 5-year time lag shown statistically significant. We have compiled global rankings of 770 city competitiveness based upon 19 indicators by combining the global competitiveness index and the distribution index. The trend of rank shows that 7 Metropolitan Korean Cities are expected to decline substantially over the period. In particular, Seoul ranked $59^{th}$ in 2010 and $74^{th}$ in 2015. Its ranking is expected to be decline to $185^{th}$ in 2030. The declining competitiveness of Korean cities is expected to lead to a weakening of Korea's national competitiveness in the long run. Accordingly, it is imperative to identify problems and seek strategic plans to secure global urban competitiveness.

Mapping Intellectual Space of Technology Innovation Management in Korea (한국 기술혁신연구의 지적생태계 구조)

  • Seol, Sung-Soo;Namn, Su-Hyeon;Park, Jung-Min
    • Journal of Korea Technology Innovation Society
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    • v.12 no.1
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    • pp.165-188
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    • 2009
  • The major purposes of the research are to see the underlying disciplines of technology innovation management which contribute to Korean research. To do that, we employed author cocitation analysis which has been proved to be robust. We compiled all the citations of two major Korean journals between 1993 and 2006. We also included up to 3rd author, which makes a cocitation analysis more comprehensive, compared with the previous analysis for the first author only. We identified 239 authors who have more than 10 citations. From the cocitation combinations based on the 239 authors, we selected and analyzed 100 most cocited authors. Out of 100 authors a group of 23 authors who command both higher citations and cocitations were chosen for detailed analysis. The results show that the average number of publications is 22.2, the average number of citations to them is 58.5, and the average number of citations to a publication is 2.6. Also, the average number of cocitations is around 10 times that of citations. The results indicate that there are six major disciplines: Technology/Innovation, Management of Technology, Economics of Technology, Development, Valuation of Technology, and Growth. Noteworthy points are the following. 1) Most of the members of the technology management group are management scholars, and the groups of economics of technology and growth are economists, while the groups of technology innovation and development group are not represented by specific disciplines. 2) Considering the groups overall from the traditional academic disciplines, the main branches are management and economics. 3) The valuation of technology group consists mostly of Korean researchers.

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Investing the relationship between R&D expenditure and economic growth (연구개발투자와 경제성장의 상호관계 실증분석)

  • hyunyi Choi;Cho Keun Tae
    • Journal of Technology Innovation
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    • v.31 no.2
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    • pp.59-82
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    • 2023
  • The purpose of this research is to conduct the empirical analysis of the short- and long-term causal relationship between public R&D investment, corporate R&D investment, and university R&D investment on economic growth in Korea. To this end, based on the time series data from 1976 to 2020, a causality test was conducted through the unit root test, cointegration test, and vector error correction model (VECM). As a result, it was found that there is a long-run equilibrium relationship between economic growth in Korea, public R&D investment, corporate R&D investment, and university R&D investment, in which a causal relationship exists in the long run. Also, while public R&D investment has a short-term effect on economic growth, corporate and university R&D investment does not have a short-term effect on economic growth. In addition, the results shows that there is a bidirectional causal relationship between economic growth and public R&D investment, corporate R&D investment and public R&D investment, and university R&D investment and public R&D investment in the short term. Through this research, it was empirically found that a highly mutual relationship exists between public R&D investment, corporate R&D investment, university R&D investment and economic growth. In order to increase the ripple effect of R&D investment on economic growth in the future, R&D investment between universities and corporations should be mutually promoted, and R&D investment by corporations should have a positive effect on public R&D investment so that public R&D investment can contribute to future economic growth.

The 'Middle-Income Country Trap' and Technological Catch-up: The Case of the Machine Tools Industry in Korea (기계산업에서의 중진국 함정과 기술추격: 한국 기계산업의 사례)

  • Kim Yoon-Zi
    • Journal of Technology Innovation
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    • v.14 no.1
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    • pp.147-175
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    • 2006
  • One of the biggest problems of Korean economy is polarization of firms for export and domestic demand and that of conglomerates and SME's achievement. One of the culprits lies weakness of intermediate industry such as machine tool. Since intermediate industry is important path where export performance affects domestic demand and whose actor usually is SMEs with high spill over effect in labor market. Especially, intermediate industry Is vulnerable because of industrial policy biased In backward linkage effect. However if a country fails to develop intermediate industry above some critical point, that country would fall in low-tech equilibrium without growth. In case of benign circle where final goods industry growth leads growth of intermediate industry and again it leads that of final goods industry, it can reach high-tech equilibrium. By contrast, in opposite case where in industrialization latecomer fails to link industries likewise above some critical point that country would fall in low-tech equilibrium without growth. Moreover, for several reasons, machine tool firms of Korea have difficulty in catching up technology above critical point. Firstly. Conglomerate demander neglects their product. Secondly, even after success of development overcoming difficulties they fail to get market share for response of dumping of foreign competitors. And the last one is patent litigation of foreign competitors that incapacitate the technology development. For these, Korean machine tool firms fell in 'middle-income country trap' itself, since they stuck in some extent when they technologically catch up. Consequently, for latecomer country in machine tool industry to leapfrog meaningfully policy support is necessary, Weak intermediate industry does not Induce domestic firms and remained fragile. Therefore, localization, policy should reflect condition of technological catch up more than before, in order to be effective and fruitful. There should be turning point over relationship between conglomerates, major demander of machine tool and SME's, for only with active purchasing of conglomerate Korean machine industry can grow.

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A Study of Sales Increase and/or Decrease by Campaign Using a Differential Equation Model of the Growth Phenomenon

  • Horinouchi, Kunihito;Takabayashi, Naoki;Yamamoto, Hisashi;Ohba, Masaaki
    • Industrial Engineering and Management Systems
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    • v.13 no.3
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    • pp.289-296
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    • 2014
  • With society becoming more advanced and complex, the required management engineering makes essential the development of human resources that can propose solutions for problems of new phenomena from a different perspective. As an example of such phenomena, we note a consumer electronics 'Eco-point' system campaign in this study. To mitigate global warming, revitalize the economy, and encourage the adoption of terrestrial digital compatible TVs, the consumer electronics Eco-point system campaign was implemented in May 2009 in Japan. In this study, we note a model which is constant term with exponential curve with notion of the growth phenomenon (Nakagiri and Kurita, Journal of the Operations Research Society of Japan, 2002). In our study, we call this model the 'differential equation model of the growth phenomenon.' This model represents a phenomenon with a hierarchical structure for capturing the properties of n species. In this study, we propose a new model which can represent not only the impact of largescale campaigns but also seasonal factors. Accordingly, we understand the phenomenon of fluctuation of sales of some products caused by large-scale campaigns and predict the fluctuation of sales. The final goal of this study is to develop human resources that can propose provision and solution for pre-consumption and reactionary decline in demand by understanding the impact of large-scale campaigns. As the first step of this goal, our objective is to propose a new regression method with different conventional perspective that can describe the fluctuation of sales caused by large-scale campaigns and show the possibility of new management engineering education.