• Title/Summary/Keyword: Major Countries

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A Multivariate GARCH Analysis on International Stock Market Integration: Korean Market Case

  • Kim, Namhyoung
    • Management Science and Financial Engineering
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    • v.21 no.1
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    • pp.31-39
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    • 2015
  • Financial integration is a phenomenon in which global financial markets are closely connected with each other. This article investigates the integration of Korean stock market with other stock markets using a multivariate GARCH analysis. We chose total seven countries including Korea for this paper based on the amount of export and then we chose major stock indices which can be thought as representative stock markets of those countries. The empirical analysis has shown that countries' financial integration.

Challenges in nuclear energy adoption: Why nuclear energy newcomer countries put nuclear power programs on hold?

  • Philseo Kim;Hanna Yasmine;Man-Sung Yim;Sunil S. Chirayath
    • Nuclear Engineering and Technology
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    • v.56 no.4
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    • pp.1234-1243
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    • 2024
  • The pressing need to mitigate greenhouse gas emissions has stimulated a renewed interest in nuclear energy worldwide. However, while numerous countries have shown interest in nuclear power over the course of history, many of them have not continued their pursuit and chosen to defer or abandon their peaceful nuclear power projects. Scrapping a national nuclear power program after making initial efforts implies significant challenges in such a course or a waste of national resources. Therefore, this study aims to identify the crucial factors that influence a country's decision to terminate or hold off its peaceful nuclear power programs. Our empirical analyses demonstrate that major nuclear accidents and leadership changes are significant factors that lead countries to terminate or defer their nuclear power programs. Additionally, we highlight that domestic politics (democracy), lack of military alliance with major nuclear suppliers, low electricity demand, and national energy security environments (energy import, crude oil price) can hamper a country's possibility of regaining interest in a nuclear power program after it has been scrapped, suspended, or deferred. The findings of this study have significant implications for policymakers and stakeholders in the energy sector as they strive to balance the competing demands of energy security, and environmental sustainability.

A study on the Population and Public Health Policies in East European Countries (동구 제국의 인구 및 보건의료정책에 관한 종합적 연구)

  • 안계춘;김영기
    • Korea journal of population studies
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    • v.11 no.1
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    • pp.117-130
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    • 1988
  • Though most of East European coutries seem to hold a pronatalist policy, they approve of family planning and provide contraceptive services. One of the most popular contraceptive method has traditionally been the coitus interruptus in these countries. One of the major reasons for adopting family planning is to decrease the incidence of induced abortion has been closely related to the popular use of coitus interruptus in these countries. Most of the East European countries liberalized induce abortion legally mainly to neutralize the wide practice of illegal abortion. However, the practice of induced abortion is under the strict control of the public health authorities in these countries. Migration and redistribution of population of population are mostly under the control of the state in these socialist countries. Policies on migration and redistribution are usually carried out to achieve the general goal of socio-economic development plan of the states. Both incentive measures and control measures are mobilized to affect the internal migration and redistribution of population. With respect to public health East European countries are characterized by the socialized medicine following the Soviet model. Public health measures and medical practice are controlled by the state and highly centralized in many countries except Yugoslavia. They place much emphasis on preventive medicine, primary health care, occupatinal and industrial medicine, and health education. Private sectors in medical practice do not exist in these countries of Eastern Europe.

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Analysis on Systematization and Gap of Subject-based National Libraries in Major Countries (주요 국가의 주제별 국가도서관 체계 및 격차 분석)

  • Yoon, Hee-Yoon
    • Journal of Korean Library and Information Science Society
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    • v.40 no.3
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    • pp.69-96
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    • 2009
  • The Library and Information Policy Committee announced the national comprehensive plan for all library on August, 2008. The plan includes reestablishing of a subject-based national library system as one of the major policy challenges. The aim of this paper is to analyse and compare the subject-based national library system and relative gap in major countries(U.S.A, Canada, Germany, France, Japan, and Korea). And the result of the research will be used as a logical basis for subsequent research.

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Suggestions for Redirection of Korean Price Policy for Reimbursement Drug in Health Insurance (선진국의 약가정책 고찰을 통한 건강보험 약가제도의 개선방안)

  • Lee, Kyu-Sik;Jeong, Hyoung-Sun
    • Korea Journal of Hospital Management
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    • v.8 no.1
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    • pp.1-23
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    • 2003
  • General drug prices involve three stages: shipment stage, wholesaler stage and retail stage. Policies on drug price differ from country to country. Shipment stage prices are tightly regulated in countries like France and Netherlands. They are free in only a minority of advanced countries, even if these include some major players such as the US, Germany and, in a very limited sense, Japan. The situation in the UK is very complex with a semi-free system, where drug companies are free to set their own prices but cannot exceed a predetermined profit ceiling. Mark-up at both wholesaler and retail stages is formally admitted in most countries observed. Apart from the general drug prices, reimbursement price of insured drugs has been major policy concerns. Most countries reviewed in this study has exerted some control over reimbursement prices, but differ both in the way how and in the extent to which prices are admitted or fixed. Price fixing has been used in France and Japan. Some countries have transformed their system over time, particularly to move to reference pricing in the last decade. This mechanism has empowered the customer, and improved price competition on the market. Referring to the drug price policies in the advanced countries, this study makes some suggestions for the redirection of Korean price policy for reimbursement drug in health insurance as follows: to match appropriate policy tools to each policy goal; to maximize market mechanism through effective reimbursement price fixing which admits mark-ups in wholesaler and retail prices; to introduce reference pricing system in order to redirect patient's demand with a financial incentive to choose the best-priced drugs and to save the finance of health insurance; and to strengthen surveillance and monitoring mechanism in the drug market.

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Comparative Analysis of the 2030 GHG Reduction Target for Eleven Major Countries and Its Implications (주요국의 2030 온실가스 감축목표에 대한 비교분석과 시사점)

  • Oh, Jin-Gyu
    • Journal of Climate Change Research
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    • v.9 no.4
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    • pp.357-368
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    • 2018
  • The Paris Agreement, adopted in 2015, requires global mitigation actions by all countries, whether they are developed or developing countries. All member countries prepared and communicated a greenhouse gas reduction target, formally called the Intended Nationally Determined Contribution (INDC). There has been some concern regarding whether the INDCs communicated are sufficient to achieve the emissions reduction needed to hold the increase in global temperature to $2^{\circ}C$ above pre-industrial levels. How to address this emissions gap in an equitable and fair manner remains controversial. Beginning in the year 2023, global stocktaking under the Paris Agreement will be performed by the Conference of the Parties to assess progress towards temperature goals. The present study, based on various composite indicators reflecting equity, fairness, ability and efficiency, analyzed the GHG reduction targets of eleven major countries and the ambitiousness of these targets. Employing share indicators and comparative ratio indicators (resulting in eight composite indicators), this study showed that when share indicators are applied, Korea's appropriate reduction requirement rate is relatively low at 1~2%. However, when comparative ratio indicators are applied, Korea's appropriate reduction requirement rate increases dramatically to 6~11%. In a similar vein, when share indicators are applied, Korea's 2030 target is very ambitious compared to other countries, while the opposite is seen with comparative ratio indicators. This strongly suggests that Korea needs to apply more share indicators than comparative ratio indicators when discussing the equitable and ambitious role of Korea in the climate debate.

A study on the establishment of model of multual recognition for type approval system of telecommunications terminal equipments (전기통신 형식승인 상호인정 모델 정립에 관한 연구)

  • 김영태;박기식
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.22 no.2
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    • pp.225-240
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    • 1997
  • With the lanuch of the World Trade Organization(WTO) system, National and international trends toward more liberalized regulation of telecommunications terminal equipments drive the globalization of the telecommunications market. Despite of such trends, most countries have long viewed the type approval system as a major hindrance to overseas maketing because of a hodgepodge of diverse type approval system of telecommunications terminal equipments in each country. But, recently, many countries under these situations try to make a better understanding of respective requeirements of each country's many countries under these situations try to make a better understanding of respective requirements of each country'stype approval system, and where possible to strengthen commonalities, through referred to as "multual recognitio" system for the purpose of the development of procedures for hamonization oftype approval system in "one world, one market". Thus, this paper covers the definition, considerations and the case studies of mutual recognition between countries. Also, this paper suggests the desirable and general model of mutual recognition to be applied all the countries, which are being preparing and processing it.g and processing it.

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Recent Economic Crises and Foreign Trade in Major ASEAN Countries (최근 경제위기들과 ASEAN 주요국의 무역)

  • Won, Yongkul
    • The Southeast Asian review
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    • v.20 no.3
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    • pp.41-64
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    • 2010
  • The recent global financial crisis triggered by the sub-prime mortgage debacle in the United States hit hard most ASEAN countries that have just recovered from the unprecedented economic crisis ten years ago. This paper, using individual time-series and panel data from 1990 to 2009, intends to investigate and compare the impacts of the two aforementioned economic crises on trade in the four developing ASEAN countries that encompass Indonesia, Malaysia, the Philippines and Thailand. In doing so, the paper traces the behaviors of main macroeconomic variables before and after the crises on graphs, and then estimates classical export and import demand functions that include real exchange rate, home and foreign GDPs as explanatory variables. In the estimation functions, two dummy variables are added to consider the effects of the two economic crises separately. Individual country data analyses reveal that by and large the 1997 economic crisis seems hit those ASEAN countries' exports and imports harder than the recent global financial crisis. Surprisingly the recent financial crisis turns out more or less statistically insignificant for those countries' export and import performances. The fixed effect model estimation using panel data of those four ASEAN countries also shows that the 1997 economic crisis had affected exports and imports of those countries negatively while the recent global financial crisis was not statistically significant. These results indicate that overall the effect from the 1997 crisis was more devastating than that of the recent global crisis for those ASEAN countries.

Changes in Exports of Korea in the COVID-19 Era (Covid-19와 한국 수출 변화 관계 분석)

  • Jinwen Li;Keunyeob Oh
    • Korea Trade Review
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    • v.47 no.3
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    • pp.1-16
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    • 2022
  • The purpose of this study is to analyze how Korea's exports amount changed due to COVID-19 and what factors played a role in these changes. We analyze Korea's exports with 40 countries around the world. In analyzing the impact of COVID-19, we estimate the gravity model using international trade data for five years from 2015 to 2019 and and compare the results with those for 2020. Several factors such as mortality, quarantine intensity, industry characteristics are considered for the analysis. The following results were obtained. First, as a whole, exports of Korea decreased significantly to countries with strong containment measures. In addition, Korea's exports (increase further) or decrease less to countries with a large number of deaths and confirmed cases in importing countries. Second, these results were similar in the major industries, classified by HS two units. Exports to countries with strong containment decreased a lot while exports decreased less to the countries with severe COVID19 (based on the number of deaths or confirmed cases). Third, however, different results were obtained in the analysis of reagents and vaccines, which are detailed items directly related to COVID-19. Rather, the degree of containment does not matter for these items, and it seems that Korea exported more to countries to more severe Corona countries.

Teachers' Intention to Use Liveworksheets Applying UTAUT Model (UTAUT 모형을 적용한 현장 교원의 라이브워크시트 활용 의도 분석 연구)

  • Choi, Eunsun;Park, Namje
    • Journal of The Korean Association of Information Education
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    • v.25 no.2
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    • pp.413-421
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    • 2021
  • In line with the social changes due to the Fourth Industrial Revolution, foreign countries are strengthening information education for the future of education. This study analyzed the current status of software (SW) and artificial intelligence (AI) education among different types of information education programs in elementary schools of major foreign countries, and compared them with the education provided in Korea. Compared to major foreign countries, Korea allocated very little time for software education in elementary schools, making it difficult to sufficiently cover all areas of the curriculum achievement standards. In addition, other countries recognized the importance of artificial intelligence, an important technology of the Fourth Industrial Revolution, and were providing artificial intelligence education on the basis of software education at the national level. The Korean government is also planning on providing the education at national level, but it was identified that the information education of elementary schools have many problematic issues. This study emphasized the need to establish an information curriculum for elementary schools as a way to address these issues.