• Title/Summary/Keyword: Market economy

Search Result 1,568, Processing Time 0.034 seconds

Comparative Analysis of Construction Management Index for Apartment Remodeling Project (공동주택 리모델링을 위한 공사관리 지표 비교분석)

  • Lee, Dong-Heon;Baek, Nak-Ku;Lim, Hyoung-Chul
    • Proceedings of the Korean Institute of Building Construction Conference
    • /
    • 2017.05a
    • /
    • pp.191-192
    • /
    • 2017
  • After 1980's, as economy was rapidly grown and real estate market was active, greatly increased in population has been supplied to the city. Accordingly, national apartment house market is located in the form of Urban Housing Culture. However, as time goes by the apartment houses where the supply of mass became superannuated and residential environment became poor. So, the environment of old apartment houses has been changed to improve with reconstruction. It has been changed in response to the demands of the times. It is one of essential part in a remodeling field for the future although it has some problems in the way that uses existing buildings.

  • PDF

Managing Credit Risk in Banks: A Study of Credit Default Swaps

  • Bihari, Suresh Chandra
    • Asia-Pacific Journal of Business
    • /
    • v.2 no.2
    • /
    • pp.61-78
    • /
    • 2011
  • Credit derivative is one kind of arrangement which allows one party to transfer, for a premium, the defined credit risk, computed with reference to a notional value, of a reference asset which may or may not owned by one or more other parties. Credit Default Swaps(CDS) have existed since the early 1990s, but its use has become increasingly popular over time. CDS is the fastest growing segment of the privately negotiated derivatives business as many firms depend on it to efficiently manage the financial market risks inherent in economic activities. The diversification function is especially important for active CDS market participants as banks. CDS banks can achieve their loan portfolio diversification which provides them with increased capacity to expand their lending.

  • PDF

Comprehensive Measures in Real Estate Policy for Housing Market Stabilization (주택시장 안정화를 위한 부동산정책 방향)

  • Lee sun
    • Journal of the Korean Professional Engineers Association
    • /
    • v.38 no.4
    • /
    • pp.7-9
    • /
    • 2005
  • The recent speculation fever in Kangnam and its southern vicnity of Seoul resulted in surging apartment prices. The government is determined to employ more effective anti-speculation policy measures to control the property speculative demand. The Government plans to implement support measures to discourage people from owning multiple homes by reinforcing tax measures. To meet the increasing demand for more large-sized apartments in Seoul, the Government may allow to build more large sized units. By the end of August, 'a comprehensive package tool of real estate policy measures' ,as a real estate controlling guidelines, is scheduled to be presented by the Government. We hope that the package tool will stabilize housing market more effectively and enhance the national economy.

  • PDF

Analysis of Competitiveness in Steel Distribution Industry between China and Japan

  • Lee, Jae-Sung
    • Journal of Distribution Science
    • /
    • v.14 no.3
    • /
    • pp.31-38
    • /
    • 2016
  • Purpose - This paper reviews the change of steel export-import structure between Japan and China by the courtesy of international business reference index and stress to analyze comparative advantage under the circumstance of time-series evaluating database by 3 indexes. Research design, data, methodology - Per economic phase, both China-Japan have mutually a complementary base. Under this kind of view point, the reason why to conduct this study is to realize how this 2 country's trade competitiveness should be improved and strengthened. Results - Under this research data and analysis outcomes, bilateral intra-economy's potential supplementation is enormous. Additionally, expected benefits from here are so sufficiently assured as we compare them with any other regional economic integrated society. Conclusions - When we review our economic point of view, Northeast economic cooperations between China and Japan can provide a chance for industrial technological cooperations not only in steel business but also in other business areas. Come to think of the circumstance to accelerate competitions between 2 country's industries past time and acknowledge concrete resource supplier including expanding export market and diversification.

An Empirical Investigation on the Interactions of Foreign Investments, Stock Returns and Foreign Exchange Rates

  • Kim, Yoon-Tae;Lee, Kyu-Seok;Shin, Dong-Ho
    • Communications for Statistical Applications and Methods
    • /
    • v.9 no.1
    • /
    • pp.141-154
    • /
    • 2002
  • Foreign investors'shares and their influences on the Korean stock market have never been larger and greater before since the market was completely open to foreign investors in 1992 Quantitatively and qualitatively as well, as a result, changes in the patterns of foreign investments have caused enormous effects on the interactions of major macroeconomic indices of the Korean economy. This paper is intended to investigate the causal relations of the four variables, foreigners'buy-sell ratios, stock returns, ₩/$ exchange rates and $\yen$/$ exchange rates, over the two time periods of the pre-IMF (1996.1.1-1997.8.15) and the post-IMF (1997.8.16-2000.6.15) based on the daily data of the variables. Granger Causality Test, Forecast Error Variance Decomposition(FEVD) using VAR model and Impulse Response Function were implemented for the empirical analysis.

The National Innovation System and Policy Implications for Entrepreneurship in Taiwan and Japan

  • Tung, Cheng-Mei
    • STI Policy Review
    • /
    • v.4 no.1
    • /
    • pp.54-73
    • /
    • 2013
  • In a knowledge economy, accelerating the pace of knowledge building and the rapid acquisition of knowledge are keys to innovative development. However, the development of the commercialization of research results and formation of new start-up companies are often not as active as they should be with a lack of motivation and incentive being one of the contributing factors for the failure to take action. In Taiwan and Japan, the reason that widely advocated idea of industry-academia collaboration is to help advance the technological capabilities of research and development as well as produce economic benefit. The assistance rendered by the government during the transformation and the assessment of outcomes from entrepreneurial pursuits are key issues explored in this study. The results indicate that the network system in the national innovation system is important for entrepreneurship development. The domestic market of Taiwan is not as large as Japan and new entrepreneurs have to face global market challenges.

The Consideration of Chinese Dairy Industry (중국의 유가공 산업 고찰)

  • Lee, Jong-Uk;Min, Byeong-Tae
    • Journal of Dairy Science and Biotechnology
    • /
    • v.23 no.1
    • /
    • pp.49-63
    • /
    • 2005
  • China that holds various and plentiful food resources had little growth in dairy industry compared with her long history. But after the establishment the People's Republic of China, It began to activate. Because of the economic growth and the improvement of living standard of China, dairy products were becoming common food, so Chinese dairy industry was considering as a industry which accomplishes a rapid growth. On the ground of a sudden economic growth, the progress of income level of China and the open economy, the world dairy industry was concerned about the Chinese market, so, the Chinese dairy industry would bring an exorbitant change in the world dairy industry. Therefore, We Korean dairy industry must make inroads into the Chinese market by making a royalty profit through the transfer of technical know-how and the export of dairy products.

  • PDF

Outlook of the Global Dairy Industry and Its Current Situation: IV. 2015 Global Consumption and Trade of Dairy Products (세계 낙농산업 동향: IV. 유제품 소비 및 교역을 중심으로)

  • Kim, Seongjun;Oh, Sejong
    • Journal of Dairy Science and Biotechnology
    • /
    • v.34 no.1
    • /
    • pp.59-62
    • /
    • 2016
  • Recently, underdeveloped countries have exhibited slight increases in their share of global dairy production. However, this growth is mostly the result of an increase in the number of producing animals, rather than a rise in productivity per milking cow. Fortunately, with the increase in milk production, the world dairy trade reported that the abundance of milk has resulted in increased production of other dairy products, such as dairy powder and butter. In general, there has been an increasing trend in the demand and supply of milk and all dairy products in the international dairy market since 2005. As the economy recovers, both the demand and consumption of milk will increase. However, no change is expected in the long-term prospects for the dairy market, particularly for 2016.

Use of Markov Chain Monte Carlo in Estimating the Economy Model

  • Lee, Seung Moon
    • Journal of Integrative Natural Science
    • /
    • v.1 no.2
    • /
    • pp.127-132
    • /
    • 2008
  • This project follows the heterogeneous agent market segmented model of Landon-Lane and Occhino (2007) with using Korean data, M1 and GDP deflator from 1882:I to 2007:II. This paper estimates parameters with Monte Carlo Markov Chain. The fraction of traders, ${\lambda}$, in Korea is 15.64%. The quarterly preferences discount factor's, ${\beta}$, posterior mean is 0.9922. The posterior mean of the inverse of the elasticity of the labor supply to the real wage, ${\varphi}$, is 0.0316. The elasticity of the labor supply to the real wage has a very large value. By Hansen (1985) and Christiano and Eichenbaum (1992) and Cooley and Hansen (1989), models having large elasticity of the aggregate labor supply better match macroeconomic data.

  • PDF

A Study on the Re-structuring Strategies of Korean Healthcare Facilities for Reinforcing it's Competition Power in the Emerging Global Healthcare Market (의료복지 분야의 국가경쟁력 강화를 위한 의료시설재편 및 그 실행방안에 관한 전략적 연구 - 광주, 전남지역의 의료현황과 문제점을 중심으로 -)

  • Choi, Kwang-Seok
    • Journal of The Korea Institute of Healthcare Architecture
    • /
    • v.10 no.2
    • /
    • pp.59-70
    • /
    • 2004
  • This study aims to present the re-structuring strategies of healthcare facilities in Kwang-ju and Jon-nam province for it's competition power in the emerging global health care market. Kwang-Ju city and Jon-nam province have had difficulties in building a balanced healthcare system because of rapidly declining population, weakened healthcare infra-structure and geographical problems of healthcare supply by numerous islands. Now, Kwang-Ju city and Jon-nam province try to be a core place of economy and culture in the west-south asia. To do so, it is fundamentally necessary to reform their current social structure including healthcare system in large scale. This Study presents the current conditions and the problems of healthcare environment in these areas.

  • PDF