• Journal of Labour Economics
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• v.27 no.1
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• pp.165-179
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• 2004

While they compare the growth rate of wage with that of average labor productivity, we compare it with the growth rate of marginal labor productivity. After estimating the elasticity of substitution and technology level, we estimate the marginal labor productivity. Wages and marginal labor productivities are similar over 1963-2000. However, while wages come short of marginal labor productivities over 1963-1986, they exceed marginal labor productivities over 1987-2000. Although the growth rate of wage is not so different from that of marginal labor productivity, it can be disparate from that of average labor productivity. Therefore the former exceeding the latter does not mean the excessive wage growth off the labor demand curve.

• Journal of Korea Trade
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• v.27 no.5
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• pp.1-22
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• 2023

Purpose - Southeast Asia has been the focus of Korea's foreign investment. Korea has been helping developing countries in Southeast Asia achieve economic growth and win-win cooperation through capital exports. FDI is an important channel for technology diffusion. However, the impact of FDI on the bias of technological progress in the host country is dependent on the host country's own endowment structure and capital-labor factor substitution elasticity. Therefore, the central issue of this paper is to accurately evaluate the impact of Korea's FDI to the four Southeast Asian countries in various industries on their bias of technological progress. Design/methodology - The paper uses macroeconomic data for Korea and four East Asian countries to estimate capital-labor factor elasticities of substitution using nonlinear, seemingly uncorrelated regressions (NLSUR). Then, the biased technological change index (BTCI) is calculated for each country. Finally, panel data analysis is used to explore the impact of Korean FDI in various industries in the four Southeast Asian countries on their own directed technological progress, and a robustness test is conducted. Findings - There is a substitution relationship between capital and labor factors based on their elasticity in Korea, Singapore and the Philippines. There is a complementary relationship between capital and labor factors in Indonesia and Malaysia. According to the BTCI, there is a trend toward labor-biased technological progress in all countries. Korean investments in manufacturing, wholesale and retail trade in the host country trigger capital-biased technological change in the host country; investments in the finance, insurance and information and communication sectors trigger labor-biased technological change. In addition, this paper also confirms that directed technological progress can enable cross-country transmission. Originality/value - The innovation of this paper lies in three aspects. First, we estimate the BTCI for five countries and explore the trend and situation of directed technological progress in each country from each country's own perspective. Second, we explore the impact of Korean FDI in the host country on the bias to its technological progress at the industry level. Second, we explore the impact of Korean FDI in various industries in the four Southeast Asian countries on the four countries' own directed technological progress from a national perspective. Finally, we propose corresponding countermeasures for technological progress from the perspective of inverse factor endowment. These innovative points not only expand the understanding of technological progress and cross-country technology transfer in East Asia but also provide practical references for policy-makers and business operators.

• Journal of Practical Agriculture & Fisheries Research
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• v.26 no.1
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• pp.40-48
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• 2024

This study judged that although milk with various properties is currently being released, the growth rate of the milk market has not changed significantly, and the reason for this is that a substitution relationship has been formed between existing white milk and milk with various properties and they are competing with each other. The purpose of this study was to provide implications for the future growth of the milk market by identifying the relationship between diversified milk attributes. As a research method for this purpose the own price elasticity, cross-price elasticity, and expenditure elasticity of each attribute were derived through the LA/AIDS demand system model, and an analysis of consumers' milk purchasing factors was conducted through factor analysis. Based on the analysis results, it presented implications for growth in the milk market, such as expanding products with great differentiation in attributes such as flavor, plant and lactose-free properties, establishment of marketing strategies targeting consumers with children, and expansion of online malls.

• Journal of the Korean Regional Science Association
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• v.11 no.2
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• pp.1-17
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• 1995

Regional production structres are investigated through an estimation of three-input(labor, capital and material) translog cost function. The estimation uses the pooled data in which time series data of 1970-1990 are combined with cross-sectional data corresponding to firm sizes. The empirical finding are the following: (1) the factors are Allen substitutes each otner in general except Pusan and a couple of regionss, and (2) estimates are very small in its absolute value irrespective of the regions. The low elasticity estimates of this study implies that substitytability among the three inputs are very weak in the regional manufacturing production compared to that in the national production. Seoul-Kyungki metropolitan area produces not only the smallest elasticities but relatively stable estimates without much fluctuation between the sub-regions of the area.

• Journal of the Korea Concrete Institute
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• v.25 no.4
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• pp.439-446
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• 2013

The objective of this study is to evaluate the workability and various mechanical properties of heavyweight magnetite concrete and examine the reliability of the design equations specified in code provisions. The main parameters investigated were the water-to-cement ratio and substitution level of normal-weight coarse aggregate (granite) for magnetite. The oven-dried unit weight of concrete tested ranged between 2446 and $3426kg/m^3$. The measured mechanical properties included compressive strength development, stress-strain curve, splitting tensile strength, moduli of elasticity and rupture, and bond stress-slip relationship of concrete. Test results revealed that the initial slump of heavyweight magnetite concrete increased as the substitution level of normal-weight coarse aggregate increases. The substitution level of normal-weight coarse aggregate had little influence on the compressive strength and tensile resistance capacity of heavyweight concrete, while it significantly affected the modulus of elasticity and stress-strain curves of such concrete. The design equations of ACI 349-06 and CEB-FIP provisions mostly conservatively predicted the mechanical properties of heavyweight magnetite concrete, but the empirical equations for modulus of elasticity and splitting tensile strength need to be modified considering the unit weight of concrete.

• The Journal of Fisheries Business Administration
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• v.37 no.2 s.71
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• pp.85-109
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• 2006

This study is aimed to investigate the structure of world pollack markets and the position/competitiveness or Korea for WTO/NAMA Negotiation. First or all, it is clearly pointed out that many limitations and problems are inherent in FAO statistics that is widely utilized to investigate the structure of international seafood markets. Especially, it is impossible to find not only the data for Russia that is the top production and export country of pollack, but also the data for importing/exporting countries for pollack. In order to make up for these problems, the data for export and import of major countries are collected and analyzed. The results of analysis show the followings. First, it is clearly investigated that classification of fish products are different for countries. Second, it is understood the structure of international pollack market in actuality. The pollack market is segmented by frozen, fresh, dried, fillet, roe, surimi, etc. In addition, the pollack market has grown as much as 600,000 tons in amount and $1.2billion in value. Third, competitiveness of Korea in international pollack markets is measured quantitatively. It shows that Korea has low RAC index and TSI index, but high RMI index. Thus, it is identified that Korea becomes the largest pollack importing country. Fourth, the partial equilibrium analysis on pollack import market of Korea indicates that the frozen pollack has both price elasticity and substitution elasticity, while the fresh pollack has income elasticity.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.9
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• pp.5843-5849
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• 2015

This study analyzes the factor demand structure of sweet persimmon as a part of finding out cost cutting measures. Income and cost data from 2001~2013 Agricultural Income Survey are used for placing the translog cost function and estimating price elasticies and cross elasticities of labor, capital and intermediate input. The result shows that own price elasticities of all factors are small in absolute terms. Additionally the result indicates capital and intermediate input cannot be a substitution for labor, which is a top-line cost-share. It means that the demand for labor cconstitutionally can't be reduced in a short time. This implies that cost reduction should be done focusing on intermediate input, particularly on fertilizer and materials which have higher price elasticity of demand.

• Journal of The Korean Society of Agricultural Engineers
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• v.51 no.1
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• pp.21-26
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• 2009

This study was performed to evaluate the physical and mechanical properties of concrete using waste activated carbon. Materials used were ordinary portlant cement, crushed coarse aggregate, natural fine aggregate, waste activated carbon, and superplasticizer. The substitution ratios of waste activated carbon were 0,1,2,3,4,5,6,7,8,9 and 10%. The unit weight was decreased and water absorption ratio was increased with increasing the waste activated carbon content, respectively. When the substitution ratio of waste activated carbon was 3%, compressive strength, flexural strength and dynamic modulus of elastisity were more higher than that of the ordinary portland cement (OPC), and it was decreased with increasing the waste activated carbon content, respectively. The most effective contents of waste activated carbon was 2% in performance and 4% in practical use Accordingly, waste activated carbon can be used for concrete material.

• Structural Engineering and Mechanics
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• v.72 no.2
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• pp.229-244
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• 2019

Weak form integral equations are developed to investigate the flapwise bending vibration of the rotating beams. Rayleigh and Eringen nonlocal elasticity theories are used to investigate the rotatory inertia and Size-dependency effects on the flapwise bending vibration of the rotating cantilever beams, respectively. Through repetitive integrations, the governing partial differential equations are converted into weak form integral equations. The novelty of the presented approach is the approximation of the mode shape function by a power series which converts the equations into solvable one. Substitution of the power series into weak form integral equations results in a system of linear algebraic equations. The natural frequencies are determined by calculation of the non-trivial solution for resulting system of equations. Accuracy of the proposed method is verified through several numerical examples, in which the influence of the geometry properties, rotatory inertia, rotational speed, taper ratio and size-dependency are investigated on the natural frequencies of the rotating beam. Application of the weak form integral equations has made the solution simpler and shorter in the mathematical process. Presented relations can be used to obtain a close-form solution for quick calculation of the first five natural frequencies of the beams with flapwise vibration and non-local effects. The analysis results are compared with those obtained from other available published references.

• The Journal of Fisheries Business Administration
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• v.53 no.1
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• pp.55-72
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• 2022

The domestic catch of squid is decreasing every year. Import volume is increasing to replace these domestic products. Import volume is expected to increase in the future, so it is necessary to study import substitution. Therefore, in this study, after selecting frozen squid, which accounts for the majority of imported squid, as the target fish species, China, Chile and Peru, which account for the majority of frozen squid imports, will be selected as the target countries for analysis. Then, the demand function of squid is estimated using the Rotterdam model, the inverse Rotterdam model, AIDS and inverse AIDS, which are the simultaneous equation demand types, and then elasticity is derived. After that, these models are compared in terms of significance, theoretical fit and practical fit.