• Title/Summary/Keyword: Economics Growth

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Theoretical Approaches to Regional Transformation: Path Dependence Theory and Regional Resilience Concept (경로의존론과 지역회복력 개념: 지역격차에 대한 새로운 이론적 접근)

  • Shin, Dong-Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.20 no.1
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    • pp.70-83
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    • 2017
  • Traditionally, economic growth has been uneven over the space. It has also been true for the recovery from social and economic crisis in old industrial areas of the advanced economies. Even if many of such old industrial areas were seriously affected by de-industrialization, some areas have been showing progress, while others have not been so. While interpreting this phenomenon used to be a key issue in economics, main stream liberal economic theorists' explanation was uneven distribution of economic resources, such as raw materials, labour and money. However, some revolutionary economic theorists have brought in the concept of "history" in explaining the phenomenon. Path dependence theorists, for example, interpretate the emergence of different growth paths with the concept of historical accidents. This contrasts to the recent argument of the group of scholars suggesting the concept of "regional resilience," who argue that uneven growth and different growth paths are originated from different regional resilience. This paper introduces the backgrounds, characteristics and utilities of the two theories: path dependence theory and the concept of regional resilience.

Efficacy of Cyanobacterial Biofertilizer (CBB) on Leaf Yield and Quality of Mulberry and its Impact on Silkworm Cocoon Characters

  • Dasappa D.M. Ram Rao;Ramaswamy S.N.
    • International Journal of Industrial Entomology and Biomaterials
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    • v.13 no.1
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    • pp.15-22
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    • 2006
  • An experiment was conducted to study the efficiency of cyanobacterial biofertilizer (CBB) with chemical (NPK) fertilizer on quantitative and qualitative characters of mulberry variety Kanva-2. Their influences on silkworm growth and cocoon characters were also studied. Ten different CBB and NPK fertilizer treatments were given to 5000 plants of established mulberry garden. Treatments were of four types viz., (i) T1 to T7: single and combination dose of CBB+50% NPK (ii) T8: combination dose of CBB + 25%NPK, (iii) T9: CBB only and (iv) T10: control-l00% NPK. Soil pH decreased and nutrients status increased in CBB (T1- T9) treated plots. Average of ten crops data on quantitative traits revealed that T7 (CBB [N. muscorum (1.0 g), A. variahilis (1.0) and S. millei (1.0 g)] + 50% NPK) was very effective in improving growth parameters. Leaf yield was also found high in treatment T7 (32.12 tons/ha/yr.) followed by T10 (31.17 tons/ha/yr.) and T8 (27.67 tons/ha/yr.). Leaf quality characters were found high in T7 and low in T9. Most of the quality traits in T7 are on par with control no. The results revealed that reduction in the dose of chemical fertilizers in T7 did not affect the leaf yield and leaf quality traits of mulberry. This clearly indicates that the efficiency of CBB (T7) provides nitrogen, increases essential nutrients available in soil, maintain soil pH and supply growth substances required for the improvement of leaf yield and leaf quality of mulberry. Bioassay study also revealed no significant difference in silkworm growth and cocoon characters between treatments T7 and T10. Economics calculated revealed that T7 is highly economical and beneficial over T10 by gaining an amount of Rs. 660/-/acre/crop. Thus, treatment T7 containing N. muscorum (1.0 g), A. variahilis (1.0 g) and S. millei (1.0 g) + 50% NPK fertilizers can be recommended to sericulturists mainly to reduce the use of NPK fertilizers, by saving 50% of its cost and to improve soil fertility conditions, which in turn improves leaf yield and quality of mulberry.

Priority Setting and Technological Innovation Strategies for Future Growth Engine Industries: Focusing on the development of the Korea Future Technology Index (미래성장동력 선정을 위한 새로운 방법론 모색: 한국미래기술지수의 개발을 중심으로)

  • Bae, Yonh-Ho;Choi, Ji-Sun;Hwang, Seog-Won;Lee, Woo-Sung;Koh, Myoung-Ju
    • Journal of Technology Innovation
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    • v.19 no.3
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    • pp.85-114
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    • 2011
  • This paper aims at developing a new index that represents the Korean new growth industries, which is named the Korea Future Technology Index(KOFTI). The KOFTI is designed to provide a reliable and econometric index based on which the Korean government searches for new growth engines. The KOFTI is composed of three individual indexes such as the Economic Impact Index, the Future Strategy Index, and the Technological Influence Index. The KOFTI is applied for 62 star brands, which have been promoted by the Korean government for the korean future industrial competitiveness. The top 13 leading industries are drawn from the calculation of the KOFTI for 62 star brands.

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The Impact of Internal Migration on Wage Growth among College Graduates (지역이동이 대졸자의 임금 변화에 미치는 영향)

  • Choi, Koangsung;Kang, Dongwoo;Cho, Chung
    • Journal of Labour Economics
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    • v.41 no.2
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    • pp.61-88
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    • 2018
  • This paper examines the impact of internal migration on wage growth among college graduates using Propensity Score Matching methods. We define migration as moving between Seoul Metropolitan Area (SMA) and non-SMA based on the locations of graduates' first and second jobs. We also take the direction of migration into account for examining the wage premium in SMA. In order to estimate the impact of migration on wage growth, we use the Graduate Occupational Mobility Survey (2010GOMS) coupled with other supplementary data such as College Scholastic Ability Test score and local characteristic variables. The results reveals that graduates moving from SMA to non-SMA do not experience significant wage growth. However, we find that graduates moving from non-SMA to SMA experience an increase in their monthly wage about 170,000~186,000 KRW on average (9.5~10.3% of their monthly wage on the first job).

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A Study on Growth and Development Impact Factors for Innovation Cluster: A Case of the Daedeok Innopolis (혁신클러스터의 성장에 영향을 미치는 구성요인 분석: 대덕연구개발특구를 중심으로)

  • Cheong, Young-Chul;Lee, Sunje
    • Journal of Technology Innovation
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    • v.24 no.1
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    • pp.189-219
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    • 2016
  • Innovation clusters have developed a key policy indicator in the level of national competitiveness. Many countries have enhanced their regional competitiveness by fostering innovation clusters at the national, regional, and industrial level. In Korea, the cluster policy has been introduced and employed to a national policy as a means of facilitating a regional innovation for over two decades. This study analyze that the changes of the institutional, physical and social configurations of innovation clusters. In particular, we identified configuration factors which are the growth and development impact factors of individual subjects from the case study of the Daedeok Innopolis. Also, the factors are derived and identified priorities of the configuration factors by using Analytic Hierarchy Process (AHP) method in long term perspective. As a result, we provide the growth of individual innovation subjects, as well as the growth of the cluster caused by the cyclic causality among configuration factors. Also, we can suggest that innovation policy from priorities of configuration factors for innovation cluster which the priorities have lessons for policy implementation and new cluster policy agenda in Korea, in specific, the Daedeok Innopolis.

Location Decisions of Startups and Dynamics of Cluster Growth (기업가의 창업위치선택과 클러스터의 성장동력: 바이오벤처의 창업을 중심으로)

  • Sohn, Dong-Won
    • Journal of Technology Innovation
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    • v.17 no.1
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    • pp.69-95
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    • 2009
  • This paper examines the motives for location decisions of startups and dynamics of cluster growth. Because the location decision is intrinsically strategic choice by entrepreneurs, it is an interplay of three critical forces; cost-benefit of the choice, R&D ability of new entrants, and R&D capability of incumbents in clusters. The effect of knowledge spillovers influences the cluster growth like a double-edge sword; both a positive effect of technology learning and a negative effect of knowledge de-learning. Using data on 710 bio-tech venture firms in Korea, this paper tests the hypotheses about the factors influencing the growth of the cluster. The empirical analyses suggested that early entrepreneurial activity in the clustered regions were important, however other factors such as the organizational legacy, internal dynamics inside a cluster, and the existence of cooperation norm in the cluster, affected long term viability of the cluster.

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A Qualitative Study on the Additionality Effects of Public Subsidies (정부의 기업연구개발지원의 부가성 효과에 관한 정성적 연구)

  • Kim, Ho;Kim, Byung-Keun
    • Journal of Technology Innovation
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    • v.22 no.4
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    • pp.199-233
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    • 2014
  • This paper attempts to investigate how and why the additionality effects occur in the case when a firm receives government subsidy as opposed to counterfactual situation. To demonstrate this, we selected 12 SMEs(small and medium enterprises) firms in Daejeon area and have conducted multiple case studies. In order to analyse the multiple cases of firms, we classified firms innovative activities into three stages which are composed of input, behaviour and output stages and related various factors. Furthermore, we investigated the differences according to types of firms and stages of firm growth. Empirical results show that various input, behaviour and output additionality effects exist when firms receive public subsidies. Compared to companies in the growth and mature stages, startup phase companies depend on government subsidy extensively and they use public subsidies strategically to develop new product and to change their strategic direction. The attitude of firms to use government subsidies is different according to their types and stage of growth as well.

Structural Change and Employment in Manufacturing Sector -Polarization by Firm Size- (제조업 고용구조변화의 특징 분석)

  • 고상원
    • Journal of Technology Innovation
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    • v.7 no.1
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    • pp.14-35
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    • 1999
  • This paper presents the relationship between the pace of structural change and the magnitude of employment growth in the manufacturing sector in OECD countries. To measure the pace of structural change, the compositional change index in value-added in manufacturing sector is introduced. For mid to long-term there seems to be a positive relationship between the pace of structural change and the magnitude of employment growth. In those countries with higher value of the compositional index, the employment growth in manufacturing sector was generally higher. To analyse the characteristics of structural change in manufacturing sector, this paper classifies manufacturing industries into groups: one based on technology, one on orientation, one on wages and one on skills. The international comparison of manufacturing sector's employment patterns based on above four classifications are presented. International comparison suggests that Korean manufacturing sector move into jobs with more skills and knowledge The structural change of SMEs and large firms are compared based on above four classification methods. It is shown that SMEs' employment in low value sectors, that is low-technology, labor-intensive, tow-wage, and unskilled sectors, have risen faster than SMEs' employment in high-technology, science-based, high-wage and skilled sectors. Large firms' employment have been mainly increased in high value sectors. However, the employment growth of both large and small firms have been concentrated on production worker-intensively-using sectors, i.e. unskilled sectors. This widened the wage differential of production workers by firm sizes and concurrently led to severe shortage of production workers for SMEs, which has little ability to pay high wage to production workers because they usually belong to low-wage sectors. Korea need to push SMEs forward to high value sectors. The premise of that is, however, to pull large firms out of production worker-intensively-using sectors.

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An Analysis on the Effects of Economic Growth and Environmental Pollution by Openness (개방화가 한국의 경제성장과 환경오염에 미치는 영향 분석)

  • Cho, Sung Taek;Cho, Yongsung
    • International Area Studies Review
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    • v.13 no.3
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    • pp.269-286
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    • 2009
  • The aim of the paper is to study environmental impacts of openness and trade in korea, and analyze the relationships between trade, development and environment. This study established endogenous determinants such as inflow FDI, level of environmental pollution and economic growth, and assumed a proposition that each individual variables are in two-way relationships among the three key variables such as the openness, the environment and GDP. To estimate a system of equations, a simultaneous equation model is used because the simultaneity problems are formidable. The results show that the more openness and economic growth increase, the more level of environmental quality improve. This study also found that FDI and openness, and economic growth bring along the level of environmental quality.

An Empirical Study on the Effect of Public Health Investment on Economic Growth in Korea - focusing on the period of 2002 to 2006 - (한국정부의 공공보건정책 투자사업이 경제성장에 미치는 영향)

  • Lim, Jae-Young
    • International Area Studies Review
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    • v.13 no.3
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    • pp.239-267
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    • 2009
  • Investment in health through an array of public health policies will lead to improvement of health at all levels, and the improved health can reduce the socioeconomic costs incurred with diseases. And finally, with reduced healthcare costs associated with diseases and health problems, economy will be able to achieve economic growth and development. Using simultaneous equations model, this study aims to identify this possible channel from public health policies to economic growth. Specifically, the policy effect is investigated on a basis of main disease groups and aging groups. The public health policies are proved to reduce healthcare costs related with disease groups including respiratory, digestive, circulative, and infectious disease, and with all age groups except 20~39 group. And the reduced healthcare costs have shown to increase the real gross domestic products in those group above.