• Title/Summary/Keyword: Market economy

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A Study on Keynese's Employment and Price Theory (케인즈의 고용 . 물가이론소고)

  • 박일근
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.8 no.12
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    • pp.65-77
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    • 1985
  • The mainpoints of General Theory is 1) the mainspring of economic activity is effective demand which can expand or control in relation to supply as a result of spontaneous decision by customer or government. 2) change in effective demand Produce change in output and employment in the same direction 3) which given productivity of labour the Vice level depend on the money supply affect the in downward direction 4) change in the money supply affect the economy through the rates of interest 5) the only automatic mechanism through which the economy can adjust itself to a deficiency of effective demand is the long process which unemployment reduces wage rates and consequently the demand for money and interest rates, above summarized contents are General Theory frame-work. The neo-classical macro general equilibrium theory, which has been reconstructed subsequent to Keyneses critism is treated the neo-classical macro-general equilibrium theory which inherits the classical theories of labour market and the aggregate production function, on demand side, it introduce the Keyneses macro-general equilibrium theory, which function through flexible movement of prices, wage and interest. Nowadays, Keynes General Theory is being developed into new dimension i, e. the macro-disequilibrium theory, and adequacy, and appropriateness of the theory and its significant contributions to modern economics are being reinterpreted and substantiated.

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A study on Clothing Behavior and Preference of clothing Design on the Comparison of Body types of Chinese Women (중국 여성의 체형별 의복행동 및 의상디자인 선호도 연구)

  • Kim, Hyo-Sook;Lim, Soon;Son, Hee-Heong
    • Journal of the Korean Home Economics Association
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    • v.39 no.11
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    • pp.15-26
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    • 2001
  • China adopted a free market economy and is a member of WTO. It has now emerged as one of the most promising markets in the word for the near future. The purpose of this study was to investigate of Chinese women clothing behavior and preference of clothing design by body types and to suggest basic information for high quality clothes merchandising of exporting to China. The subjects in this study were 280 Chinese women, aged from 20 to 50 living in Beijing. The survey was taken from June to July, 1999. SAS(Statistical Analysis System) is used for frequency, percentage, average, standard deviation, $\chi$$^2$-test, factor analysis. The results of this study are as follows. Ewamination on the Chinese womens clothing behavior showed that they attach importance to economy for purchasing clothes and have affirmative self-confidence. The thin body type women prefer to fashionable clothes while the fat body type has more reasonable economic behavior for clothing. It is needed to different merchandising project by body type in China..

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Design Plan for Department Store's Cosmetic Shop Application of S.I.P(Store Identity Program) (S.I.P(Store Identity Program)을 적용한 백화점 화장품매장 디자인 계획)

  • Lee, Ju-Hyeong
    • Proceedings of the Korean Institute of Interior Design Conference
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    • 2008.05a
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    • pp.82-85
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    • 2008
  • A cosmetic shop in a department store is the best place in Korea's cosmetic market flow that shows the total image of each brand. The present day departmental cosmetic shops are centered around global brands and comparative brand power is competing with a small number of local brands. It is a fact that not only regarding the brand power of local brands but also the space design of their shops are different than the global brands. And, influenced by a modern society, culture, economic surrounding, the customers are getting original and individual. Their individualistic life style is demanding a shop environment with new concept. Such a sale environment is not for just product sale and a place where exchange economy of sale occurs. It is requisite for communication where total marketing strategy Is used In an active way. We must acknowledge it as a symbolic place being the ultimate site of customer oriented exchange economy showing the image of both product and the company. The aim of this plan is to set up a sale environment that will enhance the brand awareness and product value. We intended to provide purchase comfort and visual effect to the customer simultaneously with an Increase in customer attention by putting in the appropriate design requisites as per the brand specialty and by the application of a distinguished S.I.P (Store Identity Program) for the shop.

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Reflections on the Distribution of Gift Certificates for Stimulation of Traditional Markets - With a focus on gift certificates in traditional markets - (전통시장 활성화를 위한 상품권 유통방안에 관한 소고 - 전통시장 상품권을 중심으로 -)

  • Kim, Yoo-oh;Ji, hae-Myoung;Youn, Myoung-kil
    • Journal of Distribution Science
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    • v.7 no.4
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    • pp.37-45
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    • 2009
  • As part of the government's efforts to stabilize the people's livelihood in response to the economic downturn arising from the global financial crisis, this research focuses on a more efficient and appropriate political operation of gift certificate issuance (Onnuri, Hope Labor, regional gift certificates) to support the socially disadvantaged class and increase the income of less affluent regions to stimulate local economy through employment opportunities. This study extends beyond a short-term solution for distributors in traditional markets to provide a framework to improve regional competitiveness.

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Dynamic Spillover for the Economic Risk in Korea on Global Uncertainty

  • Jeon, Ji-Hong
    • Journal of Distribution Science
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    • v.17 no.1
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    • pp.11-19
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    • 2019
  • Purpose - We document the impact of economic policy uncertainty (EPU) in the US and China on the dynamic spillover effect of macroeconomics such as stock price, housing price in Korea. Research design, data, and methodology - We use the nine variables to analyze the effect which produces a result among the EPU indexes of the US and China on economic variables which is the consumer price index (CPI), housing purchase price composite index, housing lease price, the stock price index in banking industry, construction industry and distribution industry, and composite leading indicator from January 1995 to December 2016 with the Vector Error Correction Model. Result - The US EPU index has significantly a negative relation on the CPI, housing purchase price index, housing lease price index, the stock price index in banking industry, construction industry, and distribution industry in Korea. Conclusions - We find the dynamic effect of the EPU indexes in the US and China on the macroeconomics returns in Korea. This study has an empirical evidence that the economy market in Korea is influenced by the EPU index of the US rather than it of China. The higher EPU, the more risky the economy of in Korea.

The Rise of Corporate Digital Transformation and Government Regulatory Innovation

  • PAN, Xiao-Yan;XIAO, Shu-Feng
    • East Asian Journal of Business Economics (EAJBE)
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    • v.9 no.4
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    • pp.103-111
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    • 2021
  • Purpose - We attempt to provide a background, a review of current development of the digital technologies and their effect on the digital transformation process, and then offer our recommendations for identifying and taking strategic actions to exploit them. More importantly, we also aim to offer important recommendations for policymakers and practitioners how to better advance the innovation system by facilitating the development of digital technologies and take advantage of improvements in digital technologies. Research design, data, and methodology - This study undertakes an extensive and critical review of the digital transformation literature and identifies several important issues with relevant practical examples of best practices in the transition to digital transformation process. Results - This paper finds that digital technologies with strong technological backing have brought technological spillovers to the economy while also generating shocks. Conclusion - To maintain a healthy and developing market order, it is necessary for governments to innovate regulatory models. This study offers several important suggestions for government regulatory innovation that we believe should help to better deploy digital transformation initiatives and enhance the efficiency and effectiveness of government regulation in contributing more to the high-quality and healthy development of the digital economy.

Factors Affecting Entrepreneurial Intention of Generation Z During COVID-19 Pandemic: An Empirical Study from Vietnam

  • NGUYEN, Trong Luan;LE, Tran Gia Thanh;HUYNH, Bach Mai;VO, Thi Kieu Trang;HA, Pham Hai Au
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.443-453
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    • 2021
  • Gen Z is a special generation that was born with technology, converging the best development conditions making them an important part of the future development of Vietnam's economy. Gen Z is an important part of the future development of Vietnam's economy. The purpose of this study is to identify and measure the impact of various factors affecting the business intentions of Gen Z in Vietnam during the Covid pandemic. The study did not go into the details of entrepreneurship, instead focused on explaining the impact of factors such as risk-taking, market economic trends, influencers, confidence, and family business traditions on the business intentions of Gen Z. The study was carried out using quantitative and qualitative methods with 335 data points collected online via survey links. The methods used to test the scale such as Cronbach alpha, CFA, SEM are used to examine the correlation between factors affecting the business intention of Gen Z in Vietnam. The results showed that the business intention of Gen Z in Vietnam is positively correlated and significantly influenced by confidence and risk-taking. Furthermore, the study reveals a difference in entrepreneurship of Gen Z Vietnam based on gender and education level.

An Exploratory Study on the Introduction of Basic Income Guarantee for Rural Residents (농촌기본소득제 도입에 관한 탐색적 연구)

  • Park, Kyong-Cheol;Han, Seung-Seok
    • Journal of Agricultural Extension & Community Development
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    • v.28 no.2
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    • pp.69-83
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    • 2021
  • Under the premise of unbalanced development between urban and rural areas, this study raised criticism that the balanced national development policies in South Korea, which had been promoted in earnest after 'the Participatory Government' has adversely deepened the development gap between urban and rural areas by promoting the development of urban. In the meantime, the agricultural economy that supported the rural economy has gradually collapsed after reckless market opening, and due to the balanced national development policy focusing on urban infrastructure construction, rural areas are facing a crisis of 'depopulation' and 'regional extinction.' For this reason, many local governments have recently recognized the public values of agriculture and have introduced 'agrarian basic income' for the sustainability of agriculture. However, there is a limit to overcoming the crisis in rural areas because the population of farmers among rural residents is only 25%. Therefore, this study proposes the necessity of introducing the basic income for rural residents as a new paradigm for balanced development between urban and rural areas beyond the existing policy limits, based on surveys of opinions of residents living in Chungchengnam-do, South Korea and experts on the introduction of 'basic income for rural residents' in the future.

A Study on the Optimal Design for Lightweight Vehicle Dash (차량 경량화를 위한 최적설계에 관한 연구)

  • Lee, Gyung-Il
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.19 no.12
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    • pp.14-20
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    • 2020
  • Currently, the automotive market is intensively researching eco-friendly vehicles such as EV vehicles and hydrogen vehicles. Further, research and developments for the future markets such as autonomous vehicles and the connective cars are coped up continuously along with the rising fuel economy regulations and the emission regulations. In this development, various sensors, batteries, and control devices are fused in order to decrease the weight of the vehicle. Moreover, since the fuel economy regulation is an issue, research on the weight reduction of body parts is underway. Therefore, in this work, a study is conducted to obtain the optimal design of the Dash part that separates the engine room and the passenger seat of the vehicle body by combining lightweight materials with high rigidity materials. The optimal design was obtained using the Finite Element Analysis. Further, AL5083 was used as the lightweight material and ASBC1470 was used for high strength materials. The parts made with this combination of materials had strength equivalent to that of the existing steel and the weight was reduced by 10%.

The Role of Intrinsic Motivation in the Relationship Between Psychological Capital and Innovative Performance: Empirical Evidence from Vietnam

  • TRAN, Phong T.;NGUYEN, Thu D.T.;PHAM, Luan M.;PHAN, Phuong T.T.;DO, Phuong T.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.1067-1078
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    • 2021
  • This research examines the mediation of intrinsic motivation (IP) in the relationship between psychological capital (Psycap) and innovative performance (IP) in the educational environment of the transitioning economy. A test was based on a convenient sample of 440 University lecturers participating in a hardcopy survey was collected from ten universities and colleges in Southern Vietnam, from April 2020 to December 2020, while social isolation is strictly enforced by the government (Covid-19). The hypotheses are then proposed and conducted using confirmatory factor analysis (CFA) and the structural equation modeling technique (SEM). The testing structural model results reveal that all the hypotheses are satisfied at the 5% significance level. Intrinsic motivation is a partial mediator in the linkage between psychological capital and innovative performance. These findings suggest that the importance of Psychological Capital (PsyCap) of workers promotes job performance in general, especially in individuals' creativity in a transitioning market, Vietnam. In addition, Based on the research results, several solutions are also proposed to promote innovative performance in the conditions of education in Vietnam. Besides, the author also gave a few comments on the findings as well as the limitations that this study encountered, especially how the survey samples were collected.