• Korea Journal of Hospital Management
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• v.15 no.1
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• pp.27-48
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• 2010

The purpose of this paper is to analyze the efficiency change and its determinants of the regional public hospitals. We utilize 34 regional public hospital's panel data for 6 years from 2003 to 2008. We use DEA(Data Envelopment Analysis)-CCR, BCC model, DEA/Window model, and DEA Profiling. The empirical results show the following findings. First, technical efficiency shows that approximately 3.6% of inefficiency exists on the regional public hospitals and it reveals that the cause for technical inefficiency is due to scale inefficiency. Second, DEA/Window results show that the stable dissimilarity by standard deviation, LDP of CCR. Third, the results of partial efficiency by DEA Profiling show that increase efficiency depends on the number of beds, doctors, and nurses.

• Asian Journal of Innovation and Policy
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• v.12 no.3
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• pp.323-344
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• 2023

This study investigates the resilient structural characteristics of a region by assessing the impact of the financial crisis. Utilizing panel data at the prefecture level for metropolitan cities across pre-shock (2006-2008), shock (2009), and post-shock (2010-2019) periods, we calculated an employment resilience index by combining the resistance and recovery indices. The panel logit regression measures the influences of the region's industrial structure and external economic factors in response to the global financial crisis. The results revealed that the diversity index of industries contributed to the post-shock recovery bounce-back. Additionally, the presence of large firms and industrial clusters within the region positively contributed to economic resilience. The specialization and the proportion of manufacturing industries showed negative effects, suggesting that regions overly reliant on manufacturing-centered specialization might be vulnerable to external shocks. Furthermore, excessive capital outflows for market expansion were found to have a detrimental impact on regional economic recovery.

• East Asian Economic Review
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• v.21 no.3
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• pp.201-230
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• 2017

This paper studies the long-run behavior of relative price dispersion among cities in Korea with a special emphasis on heterogeneous transitional patterns of price level dynamics. Formal statistical tests indicate considerable evidence for rejecting the null of relative price level convergence among the majority of cities over the sample period of 1985-2015. The analysis of gravity model suggests that the effect of transportation costs on intercity price level differentials is limited, while other socioeconomic factors, such as income, input factor prices, demographic structure, and housing price growth, play key roles in accounting for persistent regional price level disparities. Individual price levels are found to be better explained by a multiple-component model, and the deviations from PPP may be attributed to distinct stochastic common trends that are characterized by income and demographic structure.

• Journal of Korean Society of Rural Planning
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• v.16 no.3
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• pp.67-76
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• 2010

The objective of this study is to investigate a priority and selection of agricultural specialization items from Daegu and Gyeongbuk region by using analytical tools such as, the Analytic Hierarchy Process(AHP) and the Scoring Method. The results of this study are as follows; 1) Five major items were selected for each region based on Daegu and Gyeongbuk regional agricultural performances. 2) The results of AHP analysis, Daegu and Gyeongbuk's agricultural experts evaluated the weight of three decision-elements(objectiveness 0.35, efficiency 0.341, identity 0.309) and seven decision-elements. 3) Results of AHP and Scoring Method analysis, Investigated a priority of agricultural specialization 3 items in 25 cities and districts Daegu and Gyeongbuk regional agricultural performances. 4) Finally, The results of this study will provide basic information on agricultural specialization policy in Daegu and Gyeongbuk region.

• Environmental and Resource Economics Review
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• v.11 no.3
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• pp.377-396
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• 2002

This paper investigates whether an inverted U relationship between pollution and economic development could be found in the Seoul metropolitan region using a panel data for the period of 1985~1999. We uses a model with a more flexible random coefficients specification which allows for a greater degree of regional heterogeneity. The emissions of sulfur dioxidetotal($SO_2$), suspended particulates(TSP), nitrogen dioxide($NO_2$), and carbon monoxide(CO) were selected as four major pollutants. We found that the emissions of these pollutants per capita except sulfur dioxidetotal exhibited inverted U shapes with per capita gross regional domestic product (GRDP). We also noted that the turning points for Seoul metropolitan region occured at a range of incomes, from $3,000 to $5,000 per capita.

• Environmental and Resource Economics Review
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• v.10 no.3
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• pp.345-366
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• 2001

Evaluating environmental impacts of regional development projects has critical importance in environmental management aspect. This paper uses multi-attribute utility theory as a basis for obtaining a value index to assess the environmental impacts and applies the theory to a specific Korean case study. To structure and quantify basic values for the assessment, we elicited important attributes, then refined and structured them into a hierarchy. An environmental multi-attribute index is constructed as a multi-attribute utility function, based on value judgments provided by a group of technical experts, policy makers, and a decision-maker at Korean Ministry of Environment. The implications of the results are also discussed. We found that the work and results can provide valuable insights for assessment of environmental consequences.

• Environmental and Resource Economics Review
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• v.9 no.4
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• pp.621-639
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• 2000

High population and economic growth leads to ever increasing demand for water resources, prompting many regional conflicts for the water. With the observation, this paper examines the allocation problem of flowing water between upstream and downstream regions, We offer a two- region model in which the downstream region pays a portion of product to the upstream region in order to induce the upstream region to share the water. Our model shows that the "side-payment" does not always work, because the ex post income of the downstream region could be lower than the income without the side-payment This happens when the externality the upstream region imposes on the downstream region is small. The paper derives the condition under which the incentive mechanism like side-payment is likely to fail (or work). The model also shows that the higher the degree of externality is, the less amount of side-payment should be. The results of the paper suggest that the incentive scheme can help the regional conflicts be solved if the externality effect generated by the water use of upstream region is big enough, which is in fact the case where the conflict is severe.

• Asia-Pacific Journal of Business
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• v.1 no.1
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• pp.73-95
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• 2010

European integration is characterized by the development of a transnational European identity, which is considered an integral part of the process. Northeast Asia has no similar projects to address the common identity issue, although cooperation is highly valued there as well. Identity and cooperation both require interdisciplinary approaches combining social psychology, international relations theory and international economics. This article considers the problems of applying existing studies on cooperation and identity as well as the European experience (with the Baltic Sea example) to the case of Northeast Asia. Transnational identities promote cooperation beyond the limits of rationalistic game theory, if countries of the region can define their identities and interests, commit to common goals, create shared discourses and reach a balance between nationalism and internationalism. In view of proposed negotiations on the free trade area between China, Korea and Japan and ongoing discussions about a possibility of introducing a common currency (ACU) it can be crucial to consider the importance of identity building as early as possible, before regional integration meets a stumbling block of egoistic rationality that is a problem in any model of cooperation.

• East Asian Journal of Business Economics (EAJBE)
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• v.12 no.2
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• pp.29-34
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• 2024

Purpose: The primary objective of this study was to examine the influence of economic democratization on economic development from diverse perspectives. Research design, Data methodology: Justification of the qualitative literature methods used in this study is essential, as extensive descriptions, justifications, and explanations of the methods used allow researchers to increase the reliability of their studies for specific or specified audiences. Initially, the concept and principal attributes of economic democratization were scrutinized, followed by an exploration of its manifold effects on economic development. Results: Consequently, this study facilitated a comprehensive comprehension of how economic democratization fosters economic growth and advancement in contemporary society. Additionally, the study deliberated on the constraints and hurdles of economic democratization, proposing policy recommendations for future mitigation. Conclusion: In conclusion, this study is anticipated to furnish foundational data for regional economic development to both academia and policymakers. It achieves this by thoroughly evaluating the impact of economic democratization on economic development and delving into the dynamic interaction between democracy and economic progress.

• Journal of Korea Society of Industrial Information Systems
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• v.19 no.3
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• pp.115-125
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• 2014

This paper has two purposes. The first is to suggest the new and simple method to derive a regional input-output model from the national input-output table published by the Bank of Korea. The interregional input-output table has not been devised in spite of its potential use while the national table has been made every five years with the revised version during each five years. Second, this paper aims to derive Kangwon interregional input-output model from the national model using the regional supply proportion of industry and to analyze the effect of medical tourism industry on the regional economy of Kangwon Province. The paper measures, in particular, the effect of medical tourism industry on the financial self-sufficiency of Kangwon Province using the estimated output elasticity of tax revenue with the autoregressive distributed lag scheme ADL(1,1) in which the dependent variable and the single explanatory variable are each lagged once.