• Title/Summary/Keyword: Trade Linkage

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Linkage between Trade and SPS Measure through Establishment of Reasonable-Regulator Approach to Judicial Review : Focusing on US-Hormones Suspension Case (합리적 규제자 기준의 확립을 통한 무역과 위생검역조치의 조화 - US-Hormones Suspension 사건을 중심으로 -)

  • Lee, Ju-Young;Lee, Eun-Sup
    • International Commerce and Information Review
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    • v.13 no.3
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    • pp.403-431
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    • 2011
  • The environmental issues including domestic measures to protect public life or health are generally easy to bring the tension between the WTO and its member countries. The standard of review, whether de novo review, total deference, or somewhere in between, is largely important in the WTO's adjudicating mechanism because it is closely related to the appropriate balance of power between sovereign nations and the WTO: The multilateral trading regime, through the proper standard of review, could harmoniously operated without interest conflicts among the member countries and at the same time between the WTO and the member countries. Irrespective the important function of the standard of review in the WTO judicial system, applicable standard of review has not been established in the current SPS Agreement. Furthermore, the nature of the SPS Agreement related in scientific factors, such as scientific experiment, data and assessment prevents the WTO's panel from applying consistent standard of review. Considering the judicial demand for the moderate treatment of the case under the SPS Agreement, this paper explores appropriate standard of review applicable the SPS-related environmental measures, particularly, by analysing the recent SPS-related dispute, US-Hormones Suspension.

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A Study on the Strategy of the Activating the Kunsan Port of Changing Global Logistics Circumstances (글로벌 물류환경 변화에 따른 군산항만의 활성화를 위한 대응방안에 관한 연구)

  • Baek, Dae-Young
    • Journal of Korea Port Economic Association
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    • v.26 no.1
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    • pp.195-221
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    • 2010
  • Kunsan port based on the selection of Kunsan Free Trade Area is expected to develop into a regional beach-head port and foreign investment area, and as the result it will play a great role in accelerating the coming age of the west sea. To promote the foreign competitiveness of Kunsan port as a central container port it can be pointed out that 1) to raise up the utilization ratio of Kunsan port as the front base of export and import by multinational corporations, 2) to hustle up the development of Kunsan container port toplay the central role as the composite container linkage central port, 3) to strengthen the attraction activities of foreign investment into the Kunsan Free Trade Area for the balanced development between regions in nation, 4) the support of both central and local governments to accelerate the comingage of the west sea are necessary.

A Study on Performance Analysis of New Renewable Energy Power Generation for Energy-Climate Change Policy Linkage: A Restricted Cost Approach (에너지-기후변화정책 연계를 위한 신재생발전의 성과분석: 제약비용함수접근법)

  • Lee, Myunghun
    • Environmental and Resource Economics Review
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    • v.27 no.2
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    • pp.339-362
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    • 2018
  • In this paper, we simulate the contribution of an increasing renewable energy to demands for fossil fuels and power supply price by estimating a cost function for the Korean electric power generation sector. Since the renewable energy is a composite input, it is not feasible to compute the price index for renewable energy due to data limit. We estimate a restricted cost function, which is derived by minimizing the costs of fossil fuels conditional on the quantity of renewable energy set to its optimal level, jointly with supply relation. In particular, derivation of the shadow price of renewable energy would make it possible to analyze potential costs incurred by power plants.

An Analysis of Economic Effects of Korean Fisheries using Input, Output Analysis (산업연관분석을 이용한 수산업의 경제적 파급효과 추이 분석)

  • Park, Kyoung-Il;Park, Joon-Soon;Seo, Ju-Nam
    • The Journal of Fisheries Business Administration
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    • v.43 no.3
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    • pp.75-87
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    • 2012
  • Today, the Korean fisheries is undergoing significant hardships, both domestically and internationally. While declining amount of catch, ascending international oil prices and others pose a compelling challenge to the fishing sector, the ever strengthening influence of international institutions related to fisheries and international trade organizations also compel to bring about myriad of changes in the realm of fishery products. Against the backdrop, this study attempted to examine the fisheries catch, aquaculture, service, processing fields in terms of its rippling effect and of how the industry has been changed by analyzing the past and present through an input-output analysis. As for research methods, 168 items of the input-output tables in 2000, 2005, 2009, and 2010 were integrated to form and classify 32 sectors (28 basic sectors + catch, aquaculture, fishery service, processed fishery products) so as to generate production inducement coefficient, sensitivity coefficient, and impact coefficient. The analysis results revealed that : though the linkage effect of fishery industry was not very sizable, the impact coefficient of the processed fishery products was high; the consumption and investment coefficient sector among production inducement coefficient was on an upturn trend ; the export coefficient was tended to decline. In the future research, it is necessary to carry out a study based on the integration of detailed classification (404 sector) and a study and analysis of fishery industry by different regions through the inter-regional input-output tables. The fishery industry is one of the crucial industries in Korea. The fishery industry is not only important in its own right but also significant as it exerts influence over other industries. Therefore, it is required that there should be more investment and supports for the development of the fishery industry, and pay efforts to ensure that the investment and development could lead to mutual growth for both the fishery and other various industries.

Interactions between Stock Price and Key Macroeconomic Variables (주가(株價)와 주요거시경제변수간(主要巨視經濟變數間)의 상호관계(相互關係)에 대한 실증분석(實證分析))

  • Kim, Jun-il
    • KDI Journal of Economic Policy
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    • v.14 no.4
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    • pp.63-77
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    • 1992
  • This paper examined interactions between stock price and key macroeconomic variables over the period of 1975-1992. It has been found that more than 60% of real stock price changes can be well explained by movements in key macroeconomic variables, particularly in net exports and industrial production. On the other hand, real stock price changes were found to have a significant explanatory power for plant and equipment investments for the sample period of 1975-1985 during which the stock market was stable. In contrast, no significant linkage between stock price changes and investments emerged over the subsample period of 1986-92 despite the sharp expansion of the stock market in terms of trade volume. Based on such findings, two major policy implications were derived; (i) the government's intervention in the stock market to stabilize stock prices would be ineffective unless the stable economic growth supports the market fundamental, and (ii) the stock price stability is a precondition for the stock market to play a key role in mobilizing resources to finance the firm's long-term capital.

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Cultural attributes of Korean and Japanese travelers and the corporate strategies of travel agencies in the Australian tourist trade (국가의 문화적 특성이 해외여행의 행태 및 여행사의 기업전략에 미친 영향 -한국과 일본의 호주 관광을 중심으로-)

  • Lee, Deog-An
    • Journal of the Korean association of regional geographers
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    • v.12 no.2
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    • pp.265-280
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    • 2006
  • This study identifies the impact of cultural characteristics on both the behavior of Korean and Japanese tourists, and the corporate strategies of travel agents. The investigation examines travel types(individual or group packaged tour), the travel process, structural change within the travel industry and the behavior of foreign direct investment on tourism-related sectors. The distinctive characteristics of Australia-bound tourism from Japan and Korea were: the high proportion of group packaged tours; strong ethnic linkage in travel activities; the restructuring of travel industry focused on the emergence of large wholesalers; the establishment of overseas branch agents; and the foreign direct investment in resort and hotel properties. The distinctive character of Korean and Japanese travel in Australia was strongly influenced by the collective social group behavior and the strong cultural barriers, notably language and food, of the two countries.

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Service Economies and the Spatial Transformation (서비스 경제화와 공간의 변용)

  • 이희연
    • Journal of the Economic Geographical Society of Korea
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    • v.1 no.1
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    • pp.33-56
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    • 1998
  • This study examines the characteristics of service economies and their impacts on the spatial transformation of Korea during the last IS years. This study reviews the different perspectives for the tertiarization Process. It focuses on the spatial variation in the growth and location of Producer service industries. Based on the analyses of industrial and occupational compositions, services. particularly producer services, have played a major role in creating new job opportunities since the late 1980s. The ratio of services to merchandise trade is approximately 1:4, but service trades have increased since the early 1990s. Producer service activities have grown very rapidly, and the information processing service has been over-concentrated in Seoul. Further headquarters of bank and insurance services are overwhelmingly concentrated into Seoul. The firms whose headquarters are located in Seoul have linkage Pattern on a nationwide scale. The pattern of employment growth in producer services shows a clear core-Periphery disparity. In the light of the observed pattern of regional differentiation in producer service employment, some wider implications of the distribution of producer service activities for regional economic Performance are considered.

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Methodology of quantitative evaluation of effect analysis through resource linkage (자원연계를 통한 효과분석의 정량적 평가 방법론 도출)

  • Lee, Eul Rae;An, Dae Han
    • Proceedings of the Korea Water Resources Association Conference
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    • 2019.05a
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    • pp.409-409
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    • 2019
  • 개발도상국 중심의 전 세계인구 증가추세와 도시화 현상, 경제발전 등의 요인으로 자원 수요량이 꾸준히 증가하고 있으며 글로벌 자원전쟁 및 기후변화는 자원 확보 및 활용에 대한 불확실성을 가중시키고 있다. 특히 필수자원인 물, 에너지 그리고 식량은 서로 밀접한 연관성 (Interconnection)으로 인해 각 자원 간의 상호의존성(Interdependence), 상충관계(Trade-off), 시너지(Synergy)가 존재한다. 이를 인식하고 관련 데이터베이스를 구축하여 통합적인 관점에서 분석하는 것이 물-에너지-식량 넥서스(Water-Energy-Food Nexus, WEF Nexus)이다. 현재 해외에서는 WEF Nexus에 대한 정의를 정립하고 적용방안에 대한 연구가 활발히 진행 중이다. 하지만 국내 연구는 대부분 개념과 필요성 제시에 불과하며, 정량적인 방법들에 대한 분석은 부족한 실정이고, 다양한 적용방안에 대한 연구는 초기 단계에 불과하다. 이에 본 연구는 국내외 WEF Nexus에 대한 정량적 가치평가 연구들을 조사 분석하여, 국내 적용 시의 문제점 및 시사점을 제시하고자 한다. 국외에서도 전력, 양수발전, 소규모 수력발전, 원예, 도시농업 등 다양한 분야에서 WEF Nexus 접근방식을 통한 연구들이 진행되고 있으나 실제 구체적이고 명확한 방식에 의해 정량적 가치를 도출한 사례는 많지 않은 실정이다. 그러나 넥서스 접근방법의 긍정적 효과를 제시하기 위해서는 이와 같은 정량적 분석이 시급이 필요한 시점이다. WEF Nexus 접근법을 국내에 성공적으로 적용시키기 위해서는 (1) 자원별 데이터베이스 구축 (2) 다양한 다양한 평가 툴 개발 및 적용 (3) 자원간 통합적 접근 방안이 필요하다. 이러한 과정들 하나하나가 현실적이고 구체화하기 위해서는 아직까지 많은 시행착오가 필요할 것으로 보인다. 본 연구에서는 국제사회에서 제한적으로 적용된 다양한 정량화 방안들을 검토하고 국내 적용을 위해서 어떠한 사항들이 필요하고 구축되어야 하는지 제시하고자 한다.

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A study on the development of a ship-handling simulation system based on actual maritime traffic conditions (실제 해상교통상황 기반 선박조종 시뮬레이션 시스템 개발에 관한 연구)

  • Eunkyu Lee;Jae-Seok Han;Kwang-Hyun Ko;Eunbi Park;Seong-Phil Ann
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2022.06a
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    • pp.306-307
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    • 2022
  • Recently, in the process of developing, verifying, and upgrading the e-Navigation service and autonomous navigation system, there is an increasing demand for inter-working with a ship-handling simulator that can simulate actual maritime traffic conditions. In this paper, to develop a ship-handling simulation system based on actual maritime traffic conditions, a simulation server was built, received information on the actual maritime traffic conditions from the e-Navigation linkage system, and changed to information for operating the ship-handling simulator. In order to provide simulation images to users, 3D shape modeling for trade ports, coastal ports in Korea and major type of ship were performed. The developed system will be used for the advancement of e-Navigation service, development and verification of autonomous navigation systems, by enabling simultaneous processing of more than 10,000 ships and allowing users to simulate actual maritime traffic conditions in the desired area.

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The Changing Patterns of Demand-Supply and Role of Mineral Resources in Economic Growth during Industrialization of the Republic of Korea (한국공업화과정(韓國工業化過程)에서의 광물자원(鑛物資源)의 수급구조변화(需給構造變化)와 경제성장(經濟成長)에 있어서의 역할(役割))

  • Yun, Suckew
    • Economic and Environmental Geology
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    • v.18 no.1
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    • pp.65-92
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    • 1985
  • A total of 12 mineral commodities significant in domestic output, economy and/or strategy of the Republic of Korea are chosen to examine the structural changes in production and demand-supply of these minerals during the last two decades of her industrialization. These include iron and manganese ores as the raw materials for iron and steel making, copper, zinc and tungsten ores among other non-ferrous metallic minerals, limestone (cement), kaolin, talc, pyrophyllite and graphite among other non-metallic minerals, and anthracite coal as the only domestic source of fossil energy. These are reviewed historically in time-series based on the statistical data which are tabulated and graphed in terms of domestic output, export, import, apparent demand-supply, its increasing rate, and self-sufficiency rate of each commodity. The increasing rates of demand-supply (IRDS) of some more important commodities are compared with those of Gross Domestic Production (GDP) and Economic Growth Rate (EGR) to evaluate how the IRDS contributed to the GDP and EGR. The major results revealed are as follows: Among the 12 commodities, the domestic output of 8 commodities appeared to have grown with steady upward trends: they are ores of lead, zinc and tungsten, limestone (cement), kaolin, talc, pyrophyllite and anthracite coal. Two commodities, ores of iron and copper, continued with unchanging or slightly declining trends and varied fluctuations, in spite of their cardinal importance to the heavy industry and strategy of Korea. The remaining two, graphite and manganese ore, have gradualy declined in domestic output in which the former has still enough resource potential but the latter has not and virtually ceased its domestic output. Trade patterns for mineral commodities in the Republic of Korea during the last two decades have changed greatly, being marked by a shift from mineral-exporting to mineral importing, mainly because of increasing consumption of mineral raw materials for industrialization rather than beceuse of decreasing output of domestic mineral commodities in quantity. In terms of trade patterns, the 12 commodities concerned in this study can be classified into the following four groups. The 1st group - ores of lead and tungsten have only been exported without imports. The 2nd group - amorphous graphite, and pyrophyllite have mainly been exported but partly been imported. The 3rd group - kaolin, talc and crystalline graphite have equally been exported and imported, but quantity of imports have rapidly been increased with time. The 4th group - ores of iron, manganese and zinc have shifted from exports to imports during the industrialization, particularly owing to the initiation of iron and steel making by the Pohang Iron and Steel Company in the middle 1970' s and the new establishment of the Onsan Zinc Refinery in the late 1970' s. All of the 12 commodities under considerations were far above 100% in self-sufficiency rate before or in the early 1960' s. Recently, however, most of them have been declined to below 100% except for those of limestone (cement) and pyrophyllite. It is particularly serious to identify that the self-sufficiency rates of the three important metallic minerals, iron, copper and manganese ores in 1982 appeared to be 5.1%, 0.5%, and 0.01%, respectively. The average self-sufficiency rate of the total domestic minerals produced in 1982 was 14.4% (in value) for that year. Mining industry appeared to be extremely high in its intermediate demand rate whereas its intermediate input rate to be quite low indicating that mineral raw materials have been exerted strong forward linkage effects upon the other industries rather than backward linkage effects. In comparing the curves of increasing rates of demand-supply of several major minerals - iron ore, manganese ore, copper ore, limestone (cement), kaolin, and anthracite coal - with those of Gross Domestic Production and Economic Growth Rate drawn on every graph, it is clearly shown that the curves of increasing rates of demand-supply comprise around 6 to 7 periods of cycles which roughly harmonious with those of the curves of GDP and EGR, except for the curve of anthracite coal of which the configuration seems to have resulted from the (artificial) government's mineral policy rather than from economic free market mechanism. The harmonic feature of these curves well suggests that the increasing rates of demand-supply of major minerals have been significantly contributed to the GDP and EGR. In addition, the wider amplitudes of the iron, manganese and copper curves than those of the limestone (cement) and kaolin curves indicate that the contribution of the former, metallic commodities, has been greater than that of the latter, non-metallic commodities.

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