• Title/Summary/Keyword: Middle East Economy

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A METHOD FOR OPTIMUM LAYOUT DESIGN OF CONCRETE GRAVITY DAMS

  • A. Melih Yanmaz;Goktug Seckiner;Vehbi Ozaydin
    • Water Engineering Research
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    • v.2 no.4
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    • pp.199-207
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    • 2001
  • A computer-assisted desktop is developed for layout design of a concrete gravity dam on the basis of safety and economy. Using a set of regression equations, a dam layout is proposed. With reference to the regression equations and relevant input data, overall dam dimensions are determined by satisfying the stability criteria jointly under usual, unusual, and extreme loading conditions with the desired hydraulic conformity. Among several feasible alternatives, the program enables a designer to select the optimum layout, which corresponds to the minimum total cost of the structure. The method is applied to a case study to examine dimensions of proposed alternatives and to compare them with those of an existing dam.

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A Bayesian Analysis of Structural Changes in Aggregate Demand and Supply of Korean Economy (한국경제의 총수요와 총공급에서의 베이지안 구조변화 분석)

  • Jun, Duk-Bin;Park, Dae-Keun
    • Journal of Korean Institute of Industrial Engineers
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    • v.24 no.4
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    • pp.475-483
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    • 1998
  • Structural changes in an economy system bring about serious problems in establishing economic policies. The boom of middle-east export, the oil shock, and the recent dollar crisis in Korean economy are such examples. Hence, it is necessary to identify and estimate those structural changes. This study focuses on an output and price and analyzes structural changes in aggregate demand and supply. The aggregate demand and supply structures are described by conventional dynamic simultaneous equations model, where each structural change is represented by dummy variables and estimated by the proposed Bayesian method. By applying this model to Korean output and price, structural changes in the aggregate demand and supply are analyzed.

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The analysis for an effect influence between a China's regional firm's export and economic growth - Focused on China economy after the direction of Chinese reform - (중국의 지역별 수출과 경제성장 간의 영향관계 분석 -개혁개방 이후의 중국경제를 중심으로-)

  • Song, Jun;Kim, Soo-Eun;Hwang, Yun-Seop
    • International Commerce and Information Review
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    • v.12 no.2
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    • pp.239-265
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    • 2010
  • After reform and openness action, china has been recorded high rate of increasing in export and continuous economic growth. Also their role in the international economy has been rise. The major reason of these incredible growth of China is the openness by a trade, after all the economic growth of China is evaluated an export-led growth. But, some insist that the growth of China has been accomplished by a domestic-based economy not but an export-led economy. For verification of former insists, using a yearly data, China exports and GDP, from 1979 to 2007 and performs time-series to examine an existence of causality between China's regional exports and GDP. As result of analysis, GDP and exports have two-way causality significantly when not considering region case. After the direction of Chinese reform, the east region has a strong significant relation, which support that export-led growth. While, middle and west region has weak causality between exports and GDP.

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Relationship Between Stock Price Indices of Abu Dhabi, Jordan, and USA - Evidence from the Panel Threshold Regression Model

  • Ho, Liang-Chun
    • The Journal of Industrial Distribution & Business
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    • v.4 no.2
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    • pp.13-19
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    • 2013
  • Purpose - The paper tested the relationship between the stock markets of the Middle East and the USA with the oil price and US dollar index as threshold variables. Research design, data, and methodology - The stock price indices of the USA, the Middle East (Abu Dhabi, Jordan), WTI spot crude oil price, and US dollar index were daily returns in the research period from May 21, 2001 to August 9, 2012. Following Hansen (1999), the panel threshold regression model was used. Results - With the US dollar index as the threshold variable, a negative relationship existed between the stock price indices of Jordan and the USA but no significant result was found between the stock price indices of Abu Dhabi and the USA. Conclusions - The USA is an economic power today:even if it has a closer relationship with the US stock market, the dynamic US economy can learn about subsequent developments and plan in advance. Conversely, if it has an estranged relationship with the US stock market, thinking in a different direction and different investment strategies will achieve good results.

Growth of Korean Overseas Construction (한국 해외건설의 성장과 발전)

  • Park, Kang-Sik;Kim, Seok-Joong
    • International Area Studies Review
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    • v.13 no.2
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    • pp.325-344
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    • 2009
  • Korean overseas construction contracts reached 40 billion dollars in 2008. In this paper, the economic factors of "the record high growth since 1980's 'overseas construction boom' is investigated. Firstly, most of the contracts were made in the Middle East OPEC countries which made large scale construction investments with the increasing oil revenues... Secondly. large portion of the contracts is heavy industrial plants, in which Korean construction firms have enjoyed comparative advantages. Thirdly, Korean construction firms have been forced to pay attention to the overseas markets, due to the domestic slump of the construction industry.

Strategies of the Korea-UAE Cooperation for Hydrogen Station and Hydrogen Bus (한국과 UAE의 수소 충전소와 수소 버스 협력 전략)

  • KWON, YOUNG-IN;KIM, SEOLJOO;BAEK, YOUNGSUN;JUNG, BYUNGDO
    • Journal of Hydrogen and New Energy
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    • v.32 no.6
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    • pp.431-441
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    • 2021
  • UAE is first country in Middle East to approve UN Paris Climate Agreement. Ministry of Climate Change and Environment of UAE announced National Climate Change Plan for carbon reduction to replace 24% by clean energy. Dubai open its first hydrogen station in UAE and Middle East in 2017, and Abu Dhabi planed to open second hydrogen station in 2019 but not realized. Korean government announced hydrogen economy roadmap in 2019 and various hydrogen cooperation are realized between UAE, Korea, Germany, USA, and Japan. MOU between Ministry of State of UAE and Ministry of Land, Infrastructure and Transport of Korea in 2019 for the cooperation of hydrogen city. This study propose strategies for the 'Hydrogen Based Public Transport in UAE' by the support of Korea government considering various stakeholder.

Board Gender Diversity and Firm Financial Performance Dispersion: Evidence from the Middle East

  • HABASH, Nojoud;ABUZAROUR, Bashar
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.365-375
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    • 2022
  • This study examines the relationship between board gender diversity and financial performance. The annual data of Palestinian nonfinancial listed enterprises from 2015 to 2019 was analyzed using a longitudinal panel analysis for the study's purposes. When conditional mean regression methodologies were used in the study, the results indicate that there is an insignificant relation between board gender diversity and firm financial performance. However, when analyzing women directors' effect on a firm's financial performance, endogeneity is always a concern, therefore, we test for endogeneity by employing the Darbin-Wu Housman test and then by using 2SLS. Nevertheless, when looking at the dispersion of a firm's performance using quantile regression, the results show that having women on the board improves financial performance slightly, especially for high-financial-performing firms. The findings indicate that there is a legal significant gap hindering the protection of gender diversity in boardrooms, and limiting the existence and representation of women in leadership positions, specifically, board of directors. The results of this study contribute to corporate governance and business culture literature by shedding the light on the importance of board gender diversity, to improve the firm financial performance, and hence, protect the interests of all shareholders' categories.

Structure Hierarchic of the Intra-East Asia Direct Investment Flows (동아시아 역내 직접투자 흐름의 계층성)

  • 문남철
    • Journal of the Economic Geographical Society of Korea
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    • v.6 no.2
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    • pp.355-375
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    • 2003
  • Since the mid 1980s, the emergence of the Newly Industrialized Countries has been the most remarkable mutation in the foreign direct investment. This emergence is creating the new international spacial flows constituted by the developed country, the newly industrialized country and the developing country. According to the active foreign direct investment of the Asia Newly Industrialized Countries (ANICs) into East Asia from the middle of the 1980s, the intra-East Asia direct investment flow has a observable structure hierarchic composed of Japan, ANICs, ASEAN and China. In the inflow of intra-East Asia direct investment, Japan and ANICs flows from the extra-developed country and Japan, AESAN from ANICs, Japan, and China from the ANICs. In the outflow, Japan flows relatively into the ANICs and ASEAN, ANICs into ASEAN and China, ASEAN and China into the ANICs. In conclusion, the emergence of ANICs and theirs role intermediate in the East Asian economy causes the intra-East Asia direct investment flows to make a hierarchical structure.

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The Logistics Business Analysis and implications of UAE - With Porter's Diamond Model - (아랍에미레이트(UAE) 물류 비즈니스 분석과 시사점 -포터(Porter)의 다이아몬드 모델을 중심으로-)

  • Chung, Tae-Won
    • Journal of Digital Convergence
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    • v.14 no.9
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    • pp.133-138
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    • 2016
  • As UAE has witnessed tremendous growth and diversification in its economy, logistics in particular has had great success as one of the first logistics clusters and hub to develop global business competitiveness but a few data and practical study related with logistics business competitiveness have existed due to lack of the openness in the region. In this sense, the purpose of this study was to carry out competitive analysis between UAE and not only major Middle East countries and but also Global countries using Porter's Diamond model. As a result of analysis with Middle East Countries such as Saudi Arabia, Qatar, UAE gained the highest score in factor conditions followed by logistics conditions, supported industries and demand conditions. UAE also is required to reduce cost and time of logistics process and get higher ease of international shipment, logistics competency and logistics timeliness. The logistics data set released from international and reputable bodies like WEF, OECD and IMD will assist to analyses logistics competitiveness among hub countries in future studies.