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Specialization, Firm Dynamics and Economic Growth

  • Cho, Jaehan;Ge, Zhizhuang
    • East Asian Economic Review
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    • v.23 no.2
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    • pp.169-202
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    • 2019
  • Productivity in agriculture or services has long been understood as playing an important role in the growth of manufacturing. In this paper we present a general equilibrium model in which manufacturing growth is stimulated by non-manufacturing sectors that provides goods used in both research and final consumption. The model permits the evaluation of two policy options for stimulating manufacturing growth: (1) a country imports more non-manufacturing goods from a foreign country with higher productivity and (2) a country increases productivity of domestic non-manufacturing. We find that both policies improve welfare of the economy, but depending on the policy the manufacturing sector responses differently. Specifically, employment and value-added in manufacturing increase with policy (1), but contract with policy (2). Therefore, specialization of the import non-manufactured goods helps explain why some Asian economies experience rapid growth in the manufacturing sector without progress in other sectors.

Project Cost Management in Construction Industry in Ho Chi Minh City

  • Kim, Soo-Yong;Tuan, Kiet Nguyen;Luu, Van Truong;Le, Tam Thuong
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.70-71
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    • 2015
  • Cost management always being the matters for project manager as well as other entities involved the construction projects. Vietnam is emerging country, many construction works were carried out and lot of construction projects will be developed in the near future with a huge investment capital come from outside and inside Vietnam. In recent years, international project management firms enter the Vietnam construction market, some issues emerged need to be solved. In which cost and schedule of the construction project was put in a thoroughly consider of not only project management team but also stakeholders. The research attempts to identify and assess the relationship of factors affecting the construction cost in construction phase in Ho Chi Minh City, Vietnam. Five main factor groups Owners/clients; Consultants; Contractors; Resource and Other were identified to propose the solution for cost management.

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Behavioral Tendency Analysis towards E-Participation for Voting in Political Elections using Social Web

  • Hussain Saleem;Jamshed Butt;Altaf H. Nizamani;Amin Lalani;Fawwad Alam;Samina Saleem
    • International Journal of Computer Science & Network Security
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    • v.24 no.2
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    • pp.189-195
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    • 2024
  • The issue "Exploring Social Media and Other Crucial Success Elements of Attitude towards Politics and Intention for Voting in Pakistan" is a huge study embracing more issues. The politics of Pakistan is basically the politics of semantic groups. Pakistan is a multilingual state more than six languages. There are 245 religious parties in Pakistan, as elaborated by the Daily Times research. The use of social media sites in Pakistan peaked to its maximum after announcement of election schedule by the Election Commission of Pakistan in March 22, 2013. Most of the political parties used it for the recent elections in Pakistan to promote their agenda and attract country's 80 million registered electors. This study was aiming to investigate the role of social media and other critical variables in the attitude towards politics and intention for voting.

Studies on Development Policies for Regional Industry (지역산업 육성정책에 대한 고찰)

  • Kim, Dong-Soo;Lee, Doo-Hee;Kim, Kye-Hwan
    • Journal of the Economic Geographical Society of Korea
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    • v.14 no.4
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    • pp.467-485
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    • 2011
  • After Korean War, Korea focused on catching up with the world economy by concentrating on some target industries around the Capital Region and southern coastal cities. Thus, the regional disparity between Capital Region and non-Capital Regions increased drastically. At last, when Korea acquired full-fledged autonomy in 1994 in the Civilian government (1993-1998) and experienced the Asian financial crisis in 1997-1998, local governments were awakened to the notion of region-oriented development, especially for regional industrial development. The purposes of this paper are to introduce regional industrial development policies since 1998 and to suggest some recommendations in terms of how to adjust regional development for industrial policies in the future. In the introducing phase (Kim administration, 1998-2003), four provincial governments requested national funding to raise regional industries that are of strategic importance. At the same time, the central government recognized the need to nurture regional industries to overcome structural weaknesses. As a result, the Roh administration (2003-2008) gave a birth to a systematizing phase. As the ultimate regional policy objective, the balanced national development has been set and the Special Acts, Special Accounts, Committee, and National Plan have been established. Regional Industrial Promotion Project has been carried out very actively during this period. It had a good start albeit idealistic to a certain extent. Therefore, the current government has changed policy paradigm from balanced growth to regional competitiveness along with global paradigm shifts. In order to enhance regional competitiveness, regional development policies have been pursued in more efficient way. Leading Industry Nurturing Projects (LINPs) on Economic Region level, existed Regional Industrial Promotion Projects (RIPPs) on Province level, and Region Specific Industry Projects (RSIPs) on Local Area level have been implemented. Now, it is appropriate to review regional development policies including industrial policies since 1998 and to adjust them for the future sustainable regional development. Because LINPs and RIPPs will be terminated in next two years, the 2nd stage projects are on planning to reduce the redundancies in two projects. In addition, business support program would be reformed from subsiding technology development to building ecological business system. Finally some policy implications are provided in this paper, which is useful to establish the new regional industrial policies for both central and local government.

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A Study on Policy Trends and Location Pattern Changes in Smart Green-Related Industries (스마트그린 관련 산업의 정책동향과 입지패턴 변화 연구)

  • Young Sun Lee;Sun Bae Kim
    • Journal of the Economic Geographical Society of Korea
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    • v.27 no.1
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    • pp.38-52
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    • 2024
  • Digital transformation industry contributes to the improvement of productivity in overall industrial production, the smart green industry for carbon neutrality and sustainable growth is growing as a future industry. The purpose of this paper is to explore the status and role of the industry in the future industry innovation ecosystem through the analysis of the growth drivers and location pattern changes of the smart green industry. The industry is on the rise in both metropolitan and non-metropolitan areas, and the growth of the industry can be seen in non-metropolitan and non-urban areas. In particular, due to the smart green industrial complex pilot project, the creation of Gwangju Jeonnam Innovation City, and the promotion of new and renewable energy policies, the emergence of core aggregation areas (HH type) in the coastal areas of Honam and Chungcheongnam-do, and the formation of isolated centers (HL type) in the Gyeongsang region, new and renewable energy production companies are being accumulated in non-metropolitan areas. Therefore, the smart green industry is expected to promote the formation of various specialized spokes in non-urban areas in the future industrial innovation ecosystem that forms a multipolar hub-spoke network structure, where policy factors are the triggers for growth.

Hybrid Control of an Active Suspension System with Full-Car Model Using H$_{}$$\infty$/ and Nonlinear Adaptive Control Methods

  • Bui, Trong-Hieu;Suh, Jin-Ho;Kim, Sang-Bong;Nguyen, Tan-Tien
    • Journal of Mechanical Science and Technology
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    • v.16 no.12
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    • pp.1613-1626
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    • 2002
  • This paper presents hybrid control of an active suspension system with a full-car model by using H$\sub$$\infty$/ and nonlinear adaptive control methods. The full-car model has seven degrees of freedom including heaving, pitching and rolling motions. In the active suspension system, the controller shows good performance: small gains from the road disturbances to the heaving, pitching and rolling accelerations of the car body. Also the controlled system must be robust to system parameter variations. As the control method, H$\sub$$\infty$/ controller is designed so as to guarantee the robustness of a closed-loop system in the presence of uncertainties and disturbances. The system parameter variations are taken into account by multiplicative uncertainty model and the system robustness is guaranteed by small gain theorem. The active system with H$\sub$$\infty$/ controller can reduce the accelerations of the car body in the heaving, pitching and rolling directions. The nonlinearity of a hydraulic actuator is handled by nonlinear adaptive control based on the back-stepping method. The effectiveness of the controllers is verified through simulation results in both frequency and time domains.

Outpatient Satisfaction at Private General Hospitals in Ho Chi Minh City, Vietnam

  • GIAO, Ha Nam Khanh;THY, Nguyen Thi Anh;VUONG, Bui Nhat;KIET, Truong Van;LIEN, Le Thi Phuong
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.323-334
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    • 2020
  • The quality of hospital services remains a concern of both the manager and the patient. The study aims to identify factors affecting outpatient satisfaction at private general hospitals in Ho Chi Minh City, establishing a scale for measuring them. Some 450 outpatients who were treated in five top private hospitals in Ho Chi Minh city (HCMC) in 2019 - An Sinh General Hospital, Hoan My General Hospital, Columbia Asia International Hospital, FV Hospital, and Vu Anh International General Hospital - were interviewed directly in the last quarter of 2019 to obtain the information. The SERVPERF model, plus the cost, together with the SPSS software, have been used to process information by Cronbach's alpha analysis, Exploratory Factor analysis, and linear regression analysis. The results show that there are five factors influencing outpatient satisfaction at private general hospitals in HCMC, in which four factors affects positively in the order of decreasing importance: treatment outcome, doctors and nurses' professional capacity, facilities and environment of the hospital, hospital care, and the treatment time factor affects negatively. The results of the study provide private hospital in HCMC managers with a number of suggestions to increase the level of hospital service quality, so that increase outpatients satisfaction.

A Wartime/Peacetime OMS/MP Analysis Model for the Submarine Development (잠수함 전.평시 OMS/MP 설정 방법론 연구)

  • Jang, Won-Joon;Kim, Kyoung-Yong;Paik, Soon-Huem
    • Journal of the Korea Institute of Military Science and Technology
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    • v.14 no.3
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    • pp.432-440
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    • 2011
  • Operational Mode Summary/Mission Profile(OMS/MP) is a document to quantify the operational and maintenance requirements based on the future operational environments and its mission and How to Fight concept in the development of the weapon system. It is important as a key document for the RAM goal setting in the early phase of weapon system development. The paper presents a systematic and practical submarine OMS/MP model processes with a deep analysis of relevant case studies and current status domestic and abroad. Especially, it proposes the unique Scenario Planning and Switch on List techniques with real case studies which have recently performed. The paper will contribute not only the basis of improved requirements for the development of weapon system but also the sustainment of readiness with the enhancement of RAM and reduction of total life cycle cost.

3D Numerical Simulation of Pullout Behavior of FRP Embedded in Concrete using RBSN Method (RBSN 방법을 사용한 콘크리트에 삽입된 FRP rod의 Pull-out거동의 3D 수치 Simulation)

  • Kim, Jang-Ho;Li, Jing;Tran, Tuan Kiet;Hong, Jong-Suk;Kim, Yun-Ho;Lee, Gyeong-Min
    • Proceedings of the Korea Concrete Institute Conference
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    • 2006.11a
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    • pp.365-368
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    • 2006
  • RBSN Method, Rigid-Body-Spring Network Method, is a structural analysis method that overcomes the problems faced in FEM analysis of concrete or crack forming structures. In RBSN, irregular lattices are used to model structural components consisting of bulk material, curvilinear reinforcements, and their interfaces. Because reinforcements and their interfaces in the bulk material are freely positioned, meshing is irrespective of the geometry of the representing bulk material. In this paper, RBSN method of 3D is applied in simulating the pull-out test of FRP (Fiber Reinforced Polymer) embedded in concrete. The comparison of analysis results to experimental results shows that RBSN method simulates the shear-slip behavior very precisely. From the analysis results, 3D RBSN method is proven to be an effective and accurate analysis method for concrete structural analysis. Also, the results show that RBSN method can be a potential analysis method for concrete structures that can replace the current FEM analysis.

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Economic Growth, Financial Development, and Trade Openness of Leading Countries in ASEAN

  • HO, Chi H.P.;PHAM, Nhan N.T.;NGUYEN, Kiet T.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.191-199
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    • 2021
  • The study examines the causal relationship between financial development and economic growth through trade openness for the leading ASEAN countries (Indonesia, the Philippines, Malaysia, Singapore, Thailand, and Vietnam). The study employs a panel data for the period of 25 years spanning from 1995 to 2015 for the six countries, yielding a balanced panel of 150 observations. Fixed effect model (FEM) and random effect model (REM) are used for the panel data, following the Hausman test performed for model selection. The trivariate Granger causality test is also used to check for possible relationship between the variables. The results show that REM is chosen based on the Hausman test result, suggesting that the trade openness has a positive association with growth whereas the financial development is positively, but insignificantly associated with growth. The reason for this is that the financial development and economic growth may be related to each other. The results are, then, further explored and confirmed by the causality test. That is, the financial development and the economic growth, through the trade openness, are found to have bidirectional positive relationships. This implies that there would be shortcomings when ignoring the presence of trade openness, which positively impacts the relationship between finance and growth.