• 국제지역연구
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• 제16권1호
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• pp.3-27
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• 2012

본 연구는 패널 공적분 검정 그리고 비교적 최근에 개발된 패널 단위근 검정을 이용하여 지역 주택가격과 지역총생산 간의 장기관계를 분석하였다. 횡단면 의존성(cross-section dependence)이 확인된 경우, 이를 고려한 Pesaran의 CIPS 패널 단위근 검정을 이용하였다. 기존 패널 단위근 검정의 결과와 다르게 CIPS 검정은 변수들이 불안정성을 갖는 것으로 나타났다. 또한 패널 벡터오차수정모형(VECM)을 이용하여 변수들 간의 인과관계를 확인하였으며, 고정효과모형(Fixed effect)과 패널 자기회귀시차(ARDL)모형을 이용하여 계수들의 장기관계를 구체적으로 추정하였다. 먼저 변수들 간에 공적분관계가 형성되며 장 단기 인과관계가 성립하는 것으로 나타났다. 또한 VECM 모형의 오차수정항은 통계적으로 유의한 것으로 나타나 변수들 간의 장기 공적분 관계를 뒷받침하고 있다. 모형의 추정 결과, 장기적으로 주택가격의 상승은 지역총생산을 증가시키며 반대의 관계도 성립함을 알 수 있다. 이 결과에 의해 우리나라 지역 주택시장에서 부의 효과(wealth effect)가 존재하고 있는 것으로 나타났다. 이러한 결과들과 함께 오차수정항으로부터, 주택 가격과 경제 변수들은 단기적으로는 일시적인 균형상태로부터 이탈될 수 있지만, 장기적으로는 이들 변수는 균형관계에 있다는 것을 의미한다.

• 자원ㆍ환경경제연구
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• 제18권3호
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• pp.393-430
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• 2009

이 연구는 미국 에너지 산업의 두 환경 정책 적용 아래 이산화황 농도를 평가하기 위하여 계산가능한 부분적 균형(computable partial equilibrium) 모형을 이용한다. 배출 최고한도(emission caps) 정책과 교환기능 허가(tradable allowances) 정책은 동일한 방출 총계를 산출하기 위해 선택되었다. 두 정책을 통해 상당히 다른 지역간 농도차를 확인할 수 있다. 이러한 편차는 개별 주 및 전국적으로 건강 손상의 총계로 있는 수 억의 달러의 다른 형태의 손실로 변환된다. 배출 최고한도 정책이 교환가능 허가 정책을 4억 5,200만 달러만큼 능가한다. Caps는 다른 정책보다는 8억 4,000만 달러 적은 피해를 전달하는 남서지역 중남부와 남동 국가를 선호한다. 그러나 북부와 북동 국가에 3억 9,000만 달러 더 높은 피해를 전달한다.

• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.977-993
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• 2020

Sustainable tourism is the development of tourism activities to meet the current needs of tourists and indigenous peoples while paying attention to the conservation and improvement of resources for the development of tourism activities in the future (World Tourism Organization, 2013). With the aim of identifying factors affecting the development of sustainable tourism in the South Central Coast of Vietnam, the study conducted a typical survey of 160 tourism managers and 240 tourists traveling or have participated in tourism activities of 8 provinces in the South Central Coast of Vietnam, and used the exploratory factor analysis (EFA) analysis and regression analysis for analyzing the data. The research results show that 11 factors impact the development of sustainable tourism in the South Central Coast namely Institutions and policies for tourism development, Infrastructure, Tourism resources, Human resources for tourism, Diversity of tourism services, Relevant support services, Activities of association and cooperation for tourism development, Tourism promotion and encouragement, Tourists' satisfaction, Local community, and Other factors. At the same time, among the above factors, the factors Institutions and policies for tourism development, Infrastructure, Tourism resources, and Local community strongly impact the development of sustainable tourism in the region.

• 한국가금학회지
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• 제45권1호
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• pp.41-51
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• 2018

Recently, the Korean government has been trying to conserve the genetic resources of native chicken. Although the production aspect is important, consumers should also value the native chicken in order for this market to grow. As certification systems are used to inform consumers about the value of a product, this study aims to investigate certification systems for chicken in France. Two regions were selected: Alsace and Bresse. We conducted a value-chain analysis of activities related to native chicken in each of these two regions, including hatching, breeding, slaughtering and processing, distributing, and marketing activities. We found that various certification systems were used not only to inform consumers about the value of the native chicken but also to protect biodiversity. Also, geographical indication, one kind of certification system, was utilized to establish higher quality based on the characteristics of each region. Implications pertinent to a domestic certification system for Korean native chickens were suggested.

• The Journal of Asian Finance, Economics and Business
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• 제6권4호
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• pp.9-17
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• 2019

The purpose of this research is to review historical development of Islamic finance in individual East Asian economies, including China, Japan, South Korea and Hong Kong, and examine the success factors of the Hong Kong Sukuk issuances in 2014-2017. The research is a qualitative study applying case study method. It is found that the East Asian economies do play efforts to develop their Islamic capital markets although they have very limited size of Muslim population. Their progress on this development generally remains to be slow. The Hong Kong Sukuk is a breakthrough, carrying a total issuance value of US$3 billion. The Sukuk issuances, treated as a kind of asset-backed securities with restrictions on financing purposes, are distributed to international investors by investment banks from Hong Kong, Middle East and Malaysia. Success factors of these issuances include involvement of an issuer with high credit quality, recognition by central bank for using the Sukuk in its discount facility for commercial banks, centralized clearing services for the Sukuk and global banking network for underwriting the Sukuk. The lessons from the Hong Kong Sukuk are good references for other economies to develop their regional Islamic capital markets and to integrate the markets into the global capital market.

• The Journal of Asian Finance, Economics and Business
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• 제1권1호
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• pp.23-30
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• 2014

The aim of this research is theoretical and methodological approaches to the necessity of formation of innovation clusters as growth poles on the basis of statistical analysis and identification of specialization. In this research, we used methods, which will allow to analyze of innovative processes and to identify of prospective branches of specialization of the formation of innovative clusters in the spatial context. Keeping with the previous literature, the present study is determined by the novelty of the problem, concerning the formation and development of innovative clusters as growth poles, as well as large specifics of problems in our country in the framework of use of innovative clusters. An analysis was showed that Kazakhstan's regions have substantial differences in the groups of regions for most of the indicators have presented form a tightly located clusters and in the ratings of innovative susceptibility and innovative activity. This research has some practical implications, which have proved that innovative clusters become platforms as growth poles for introduction of advanced technologies, development of innovative companies, thereby providing a certain stability of the economy of the regions.

• 한국산업정보학회:학술대회논문집
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• 한국산업정보학회 2007년도 춘계학술대회
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• pp.213-223
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• 2007

E-Business Platform for SMEs in GMS Countries(GMSEB) is a E-business service portal which based on Yunnan, face to ASEAN, connect with China's mainland. lt is established by Kunming Dongxun Sic&Tech Co.,Ltd and E-Business Centre of Yunnan University of Financial & Economics, who get supports from UNESCAP, Science and Technology Department of Yunnan Provincial and Yunnan SMEs Bureau. The portal will bulid a B2B & B2C E-business and. ASP portal to provide service of e-business and enterprise management informatization according with the different languages and situation to China and GMS countries. The paper starts with analysis of the policy in China of promoting GMS cooperation and exchanges, importance of Yunnan and cultural universality in GMS countries. It expounds the necessity of establishing such a regional e-commerce platform. The project explores how to develop the model of e-business and enterprise management informationization for SMEs under the condition of weak economic strength and scarcity of Information Technology talents. To promote the SMEs in GMS countries participate in the integration with the global economy through the international SMEs'E-business Platform, make a fairly rapid progress by full play to its advantages.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.529-540
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• 2020

The objective of this research paper is to study the simultaneous relationship between fiscal decentralization, corruption, and income inequality among Vietnamese provinces. We use a balanced panel data set of 63 provinces/cities in Vietnam in the period from 2011 to 2018. The study used 3SLS-GMM (Three Stage Least Squares - Generalized Method of Moments estimator) and GMM-HAC (Generalized Method of Moments - Heteroskedastic and Autocorrelation Consistent estimator). Empirical evidence shows a strong simultaneous relationship: increased corruption will increase regional income disparities, income inequality, and increase fiscal decentralization. In addition, the results also suggest that an increase in per-capita income will reduce the level of corruption, or better control corruption of each province. The degree of increase in income inequality, which reduces fiscal decentralization, is the same for trade liberalization. All demonstrate that there is a simultaneous relationship between fiscal decentralization, corruption, and income inequality. In a region of high public governance quality, fiscal decentralization positively effects its economic growth. This issue will indirectly increase income inequality between provinces within a country. Our findings imply that a country's fiscal decentralization strategy should be linked to improving corruption control and local governance effectiveness, indirectly improving income inequality between localities or regions.

• Asian Journal of Innovation and Policy
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• 제10권2호
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• pp.212-235
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• 2021

In spite of the increasing popularity of the Ricardian model for the study of the impact of climate change on agriculture, there has been few attempts to examine the role of interregional spillovers in this framework and all of them rely on geographical proximity-based weighting schemes. We remedy to this gap by focusing on the spatial externalities of surface water flow used for irrigation purposes and demonstrate that farmland value, the usual dependent variable used in the Ricardian framework, is a function of the climate variables experienced locally and in the upstream locations. This novel approach is tested empirically on a spatial panel model estimated across the counties of the Southwest USA over 1997-2012. This region is one of the driest in the country, hence its agriculture relies heavily on irrigated surface water. The results highlight how the weather conditions in upstream counties significantly affect downstream agriculture, thus the actual impact of climate change on agriculture and subsequent adaptation policies cannot overlook the streamflow network anymore.

• Safety and Health at Work
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• 제12권4호
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• pp.452-461
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• 2021

Background: The prevailing global work scenario and deteriorating health facilities in economies indulge the risk perspective in the labor market model. This is the reason that the risk factor is cautiously attributed to wages and labor market efficiencies specifically in developing and emerging economies. In this respect, Occupational Injuries of Workers (OIW) is considered essential to demonstrate the risk and Occupational Health and Safety (OHS) setups given the constraints of the labor. Intuitively, the prime objective of this study is to make an assessment of the labor market considering the OIW through the indicators of industry division, employment status, occupational distribution, adopted treatment, gender and regionality. Methods: The assessment strategy of the study has been categorized into trend analysis and Index Value Calculation (IVC) segments employing the data from 2001 to 2018. Results: The pattern of the selected indicators of the OIW has been observed in the available data while the IVC estimations are considered through time and reference categories. The findings of both exercises revealed absolute and relative heterogeneities at both industry and occupational levels. Conclusion: The consistency for gender and regional distribution of both assessments points out the need for effective policy initiatives. The study suggests separate analyses of industry and occupations for a better understanding of the OHS setups and up-gradation in Pakistan.