• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.8
• /
• pp.185-195
• /
• 2020

This study examines the association between governance quality at country level and stock market performance. Specifically, the study investigates the influence of control of corruption, government effectiveness, political stability and absence of violence, rule of law, regulatory quality, and voice and accountability on all-share index of the stock markets of the six Gulf Cooperation Council (GCC) countries. This study is anchored on two theories - the Efficient Market Hypothesis (EMH) and Institutional Theory. The study employs panel data spanning from 2006 to 2017. The findings show that political stability and absence of violence and rule of law exhibit a significant positive impact on stock market performance, while regulatory quality and voice and accountability have a significant, but negative relationship with stock market performance. The results imply that quality of governance in terms of rule of law and political stability devoid of violence have strong impact on stock market returns. Similarly, improved stock market returns are largely dependent on the efficiency of the institutional environment of market as investors are always wary of the inherent risks associated with the uncertainty of the market. This study has crucial policy implications for the government of the GCC countries and stock market participants.

• Journal of Contemporary Eastern Asia
• /
• v.16 no.2
• /
• pp.44-58
• /
• 2017

Scholars have long debated the factors that drive political participation and have recently applied theories, developed from analyses of citizens from Europe and the United States, to respondents in the democratizing countries of Asia. In both Hong Kong and Singapore, however, citizens attend rallies and contact officials - yet do so under authoritarian governance. Are the causes of political participation in these cities similar to what is observed in other groups of respondents across Asia? Or, do institutions influence whether individuals participate? In this paper, I evaluate the development of liberal norms of engagement in both cities as a function of traditional models of participation. As citizens in these cities possess some of the highest standards of living in the region, they should also face frustrations with the limited democratic accountability of their leaders. Ultimately, individuals in each city have developed support for democracy but, given the differing goals of each regime, the nature of democratic engagement differs considerably. In Singapore, citizens are mobilized to engage and participate but support the status quo. By contrast, engaged Hong Kong residents participate out of a frustration with the government, a function of their high levels of internal efficacy and institutional detachment.

• The Southeast Asian review
• /
• v.22 no.2
• /
• pp.269-303
• /
• 2012

이 연구는 1960년부터 2009년까지의 시계열횡단연구(cross-sectional time series) 자료를 이용하여 동남아시아의 각국의 자연자원에 대한 의존도와 정치체제 사이의 상관관계를 밝히고자 하였다. 동남아시아는 중동과 서부사하라 아프리카와 더불어 전 세계에서 가장 자연자원이 풍부한 지역 가운데 하나이나, 관련된 연구는 자료의 부족으로 인해 타 지역에 비해 그다지 축적되어 있지 못한 상태이며, 그나마 단일 사례 혹은 국가에 치중되어 있다. 따라서 본 연구는 기존 자연자원의존도와 정치체제와의 경험적 연구들에서 주장된 인과 관계들이 동남아시아에서도 적용될 수 있는지 살펴보고자 하였다. 분석 결과, 본 연구는 동남아시아에서도 한 국가의 자연자원에 대한 의존도의 증가가 민주주의 발전에 부정적인 영향을 끼친다는 것을 발견할 수 있었다. 구체적으로 본 연구에서 자연자원 의존도로 사용하였던 두 가지 지표인 총 수출 대비 자연자원 수출비율과 국민 총생산 대비 자연자원 수입비율 모두 민주주의 수준을 종속변수로 상정한 각 모델에서 음의 상관계수를 보여주었다. 기존 연구들에서 다루어졌던 주요 이론들인 지대추구(rent-seeking), 지대국가(rentier state), 근대화(modernization)이론을 대표하는 통제변수들을 사용한 대부분의 결과 역시 기존 문헌의 주장을 뒷받침 하고 있다. 그러나 내전 발발과 이슬람을 비롯한 일부 통제변수들의 경우에는 기존 민주화 관련 연구결과와는 상반된 결과를 나타내기도 하였다. 이러한 동남아시아의 지역적 특수성을 보여주는 결과는 후속 연구에 의미있는 시사점을 제시해 줄 것이다.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.2
• /
• pp.29-36
• /
• 2022

This study uses the panel probit model to investigate and evaluate the relationship between exchange rate regimes, political stability, and carbon dioxide during currency crises. To understand currency crisis times, we study a panel dataset of seven South Asian nations that contain annual observations from 1996 to 2020. Furthermore, we created the EMPI exchange market pressure indicator to detect crises. Our results strongly suggested that fixed exchange rate is negatively associated with currency crises, with good regulatory quality and better effective governments. Simultaneously, the floating exchange rate is positively related to the currency crises in those countries where the rule of law has less adequately flowed. However, CO₂, exports, and interest rates are buoyantly associated with crises. The floating exchange rate, the rule of law, exports, and interest rate are associated positively and contribute more prone to the crisis episodes. Negatively associated variables contributed less amid crises episodes: fixed exchange rate regime, government effectiveness, and regulatory quality. Meanwhile, CO₂ has a positive relationship with a currency crisis and contributes more likelihood to the probability of a currency crisis. Countries that adopted the fixed exchange rates with effective governments and regulatory quality faced more minor currency crises.

• Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
• /
• v.8 no.6
• /
• pp.875-885
• /
• 2018

This study analyzed the major issues of the Candlelight Rally and Taegukgi Rally registered in news comments of the politics section of the portal site from October 24, 2016 to March 19, 2017. We examined the political recognition of the two rallies with the Named Entity Recognition. The main analytical items are the responsibility for impeachment, the subject and method of settlement, and other major issues. As a result of the analysis, the comments of the Candlelight Rally focused on the impeachment support and the legal penalties of the regime ministers, and insisted on resolving the political situation through the next election after impeachment. The comments of the Taegukgi Rally focused on the rejection of the impeachment to maintain the regime and insisted on rejecting the impeachment of the Constitutional Court. The conflicts between the group that supported Candlelight Rallis and the group that supported Taegukgi rallies are predicted to last at least for the time being (Park Geun-hye's trial period) after the presidential election. After the impeachment of the President and replacement of the regime this conflict will develop into the confrontation between the pursuit of liquidation and new politics and the attempt to influence the trial of Park Geun-hye. Therefore, the efforts to integrate society in the aftermath are necessary.

• Korean journal of communication and information
• /
• v.45
• /
• pp.7-48
• /
• 2009

The recent crises of Marxism do not mean Marx’s crisis. Marx said that he was not a Marxist. The purposes of this essay explore (1) the modern identity of the political economy; (2) the possibilities of mutual understanding between neoclassical economics and Marxist economics; (3) problems of the political economy in media and communication industry. I have begged for analytical Marxists, because of their good fruits. They accepted the methods of modern social science and they constituted a tremendous advance in the application of the scientific methods to the study of society. In insisting on micro-foundations(methodological individualism), analytical Marxism distinguished itself from structuralism and functionalism. I appreciate that analytical Marxism has reduced a theory to practice. But the works didn’t listen to everyone(from Marxists to un-Marxists), and explain everything. Making theory with production/consumption, macro/micro, and structure/behavior is a road to the political economy in the long run. It also applies to media and communication industry. The realm of media/communication is broad, which in philosophy, humanities, politics, economics, sociology, and engineering. And media policy is more complicated by politicians who look at the same situation from different angles. By the aid of interdisciplinary research, the political economy of media/communication shall explain at full length.

• Journal of the Korean Geographical Society
• /
• v.48 no.5
• /
• pp.686-708
• /
• 2013

The goal of this investigation is to examine the matter as to how various cyberpolitical activities such as on-line civic participation, cyber parties, development and movement of civil society networks are appeared in cyberspace; and how political activities in cyberspace are associated with offline environment. This research was based on in-depth and open-ended interviews centering around 20s (32 interviewees) and the major results are as in the following. First, in terms of on-line civic participation, searching political issues occur in places, where internet users can access information easily relatively, and creating or reconstructing political information is identified in places giving stability or affinity to the public society. Second, even though each party's homepage for the channel of cyber parties has enough capacity as bridgespace, which takes charge of supporting f lows of people, goods, capital, and ideas, most of them don't play a role to establish virtual or real networks. Exceptively, cyber parties contribute to make temporalized places, where nobody takes the responsibility, somewhat. Third, the development and movement of civil society networks is divided into several segments according to political interests and tendency in online; furthermore, such a cyberpolitical activity influences human networks and the decision of major places for political activities in offline.

• Journal of Service Research and Studies
• /
• v.3 no.2
• /
• pp.1-17
• /
• 2013

The main purpose of this paper is to examine the aid effectiveness of ODA projects through a case of an e-Government ODA. The case at hand is the Mongolian National Data Center project, which was supported by Korea International Cooperation Agency in 2007~2009. In this paper, we analyze aid effectiveness through a case instead of a long-term macroeconomic analysis. By using OECD DAC guideline for performance evaluation of ODA project combined with PRM (Performance Reference Model) for evaluating e-Government, authors undertakes a post-implementation evaluation on the Mongolian NDC project. The result shows that the NDC project has been relevant and implemented effectively and efficiently given the political instability incurred by the election fraud in 2008. However, there have been problems as well. Provision of defected monitors was a critical problem while disagreement on the safety of the building was lasted for two more years to be settled. Some comments on the training program are also worth to hear to ameliorate similar projects. But more fundamental problems are found in impacts and sustainability areas. Low political status of ICTPA as a coordinating organization for ICT ODA and unstable job security of NDC are serious hurdles to increase effectiveness and efficiency of NDC. ICTPA has played very limited roles in coordinating government-wide ICT ODA projects because it lacks actual power and control over them. Other government organizations do not fully trust NDC as a reliable government data center due to low political status and lack of job security. Thus critical factors to affect the effectiveness and efficiency of e-Government ODA projects are political and organizational instead of economic.

• Journal of Information Management
• /
• v.38 no.3
• /
• pp.1-30
• /
• 2007

The purpose of this study is to analyze the political and functional requirements of the regional library portal and to evaluate such requirements. A literature review was carried out to discuss library portal, and introduce the best practices of the regional library portal. After analyzing the political and functional requirements of the regional library portal, AHP was applied to evaluate requirements. In the political requirements, standards, digital collection development, operation and evaluation were ranked according to importance, and copyright & licence management which belongs to digital collection development was underrated. There were differences in the importance among the functional requirements of the regional library portal, integrated search, integrated interface, information service, separated digital collection management and access management were ranked according to importance.

• Journal of the Korean Geographical Society
• /
• v.48 no.3
• /
• pp.387-401
• /
• 2013

Redistricting of National Assembly Election has a significant effect on the results of election because it has a strong tendency to be performed with political intentions rather than the equivalent representativeness of population and region. This paper focuses on proposing an alternative for restricting of National Assembly Election in terms of implementation, that is, an procedural and systematic approach, not allowing for political or arbitrary intervention. A spatial optimization model conforming with criteria for political redistricting such as population equality, contiguity, and spatial compactness is developed and applied to Yongin City where are some controversy over the redistricting of the 19th National Assembly. Modeling results show that it is possible to derive National Assembly Election districts based on the information of basic spatial units without political consideration or arbitrary intervention. In addition, The districts derived from the model improved population equality compared with the existing districts.