• Title/Summary/Keyword: Trade dependency

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Fuel Cell as an Alternative Distributed Generation Source under Deregulated Power System (규제가 없는 전력계통에서 대체분산형전원으로서의 연료전지)

  • Lee, Kwang-Y.;Kim, Se-Ho;Kim, Eel-Whan;Kim, Ho-Chan
    • Proceedings of the KIEE Conference
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    • 2006.07a
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    • pp.331-332
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    • 2006
  • This paper proposes the fuel cell power plants as alternative energy sources for distributed generation in Jeju Island, Korea. This will help to increase the fuel efficiency, at least double the current thermal power plants, decrease environmental pollution, virtually to none, increase the reliability of power supply, reducing the dependency of the HVDC link, and provide quality power to the growing infrastructure in meeting the requirements for the free-trade international island.

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The Impacts of Technology Transfer on Productivity Growth of Firms based on Malmquist Productivity Index

  • Han, Jaeseung;Kwon, Youngkwan;Lee, Sang-Yong Tom
    • Asia pacific journal of information systems
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    • v.26 no.4
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    • pp.542-560
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    • 2016
  • This study determines whether or not firms can achieve high productivity growth through external technology acquisition. It also identifies the key factors affecting adopting firms' productivity growth by employing the Malmquist productivity index (MPI) methodology, which features computational ease, low data dependency, and decomposition of productivity growth into technical efficiency change and technical change. Results showed that the effects of productivity growth arising from technology transfer became stronger over time. Moreover, patent transfer guaranteed firms' productivity growth, but no evidence was found that factors such as age and size could increase productivity. Finally, cultural similarity could be another factor conditioning the effectiveness of technology transfer in the productivity of adopting firms.

The Korea Maritime Security and National Economy (한국의 해양안보와 국가경제)

  • Park, Eung-Soo;Ko, Kwang-Soob
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.14 no.1
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    • pp.251-258
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    • 2010
  • The Republic of Korea is the maritime country of which its infrastructure of the country's development is based on maritime trade. This can be easily understood according to degree of dependence upon foreign trade, which is the economic indicator for expressing one country's economic characteristics. In 2008, the degree of dependence upon foreign trade of Korea is 83.5%, and this figure is much higher than that of Japan and China, which is 28.8% and 68% respectively. This in turn means that the development of Korea, and also the security of Korea depends greatly on safety of the sea. On the other hand, there is a growing trend that threats to the maritime security of Korea increases as examples seen in Somalia pirates. Thus we could say that interest on this issue should increase and also measures to counter those threats should be prepared. Also Korea should take the maritime security as important as critical factors as national security, which is similar to military threats from North Korea. Therefore all citizen's interests on the issue should be raised, and organizations that are capable of mutually integrating the functions related to maritime security should be established. Finally, Korea should actively participate international efforts on maritime security, and secure maritime security of our nation therefore contribute to the nation's prosperity and future development.

Opportunities and Challenges for Vietnam in AEC (AEC 출범 이후 베트남 경제의 기회와 도전)

  • Beak, Yong Hun
    • International Area Studies Review
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    • v.21 no.4
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    • pp.101-124
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    • 2017
  • This study is to examine the current situation of the AEC (ASEAN Economic Community) and analyze macroeconomic situation of Vietnam since the launch of AEC. According to recent trade indicators, Vietnam is expected to be more productive in the manufacturing and processing sectors because it is at the heart of the global value chains (GVCs) in electronics, telephones, and textiles and shoes industry. Vietnam has signed or is negotiating free trade agreements with various countries around the world including Korea, Israel, EU and RCEP and so on. Therefore, it is expected that Vietnam's trade dependency and FDI inflows to Vietnam increase more and more. However, the fact that the proportion of exports by foreign-invested companies accounts for about 70% of the total exports implies the uncertainty of Vietnam's economy in the future. Attracting FDI investment can further reduce the competitiveness of domestic companies in Vietnam. Therefore, in order for Vietnam to maintain sustainable development in the future, it is necessary to reform the momentum of foreign-invested enterprises to the development of Vietnamese companies.

An Analysis of Factors Affecting the Variation of GDP Gap by a Decomposition Method (GDP갭 분해기법을 이용한 변동요인 분석)

  • Chang, Youngjae
    • The Korean Journal of Applied Statistics
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    • v.27 no.3
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    • pp.387-396
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    • 2014
  • The GDP gap (also called the output gap) is the difference between potential GDP and actual GDP. Potential GDP is the maximum sustainable output that is achieved when the resources (labor and capital) are used to capacity. Central banks pursuing price and employment stability consider the output gap as an informative variable for monetary policy since the output gap could be regarded as a proxy of demand-supply imbalances. In this paper, the GDP gap of Korea is decomposed following the filtering method in the previous research, and major factors that affect the variation of GDP gap are investigated based on the decomposed series. The analysis results by the Super Smoother algorithm used in Fox et al. (2003)and Fox and Zurlinden (2006) are found consistent with theory. Much of the variation of nominal GDP gap is explained by Total Factor Productivity(TFP) gap, which is the change of productivity due to recent technological innovation and environmental change. It is also found that variation of terms of trade significantly affects the GDP gap of Korea due to its high dependency on international trade; however, the effect of the domestic price is not negligible like other countries.

The Relationship between Korea Agricultural Productions and Greenhouse Gas Emissions Using Environmental Kuznets Curve (환경쿠즈네츠곡선을 이용한 한국의 농업 생산과 온실가스 배출의 관계 분석)

  • Kang, Hyun-Soo
    • Asia-Pacific Journal of Business
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    • v.12 no.1
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    • pp.209-223
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    • 2021
  • Purpose - The purpose of this study was to investigate the relationship between Korea agricultural productions and Greenhouse Gas (GHG) emissions based on Environmental Kuznets Curve (EKC) hypothesis. Design/methodology/approach - This study utilized time series data of economic growth, greenhouse gas, agricultural productions, trade dependency, and energy usages. In order to econometric procedure of EKC hypothesis, this study utilized unit root test and cointegration test to check staionarity of each variable and also adopted Vector Error Correction Model (VECM) and Ordinary Least Square (OLS) to analyze the short and long run relationships. Findings - In the short run, greenhouse gas emissions resulting from economic growth show an inverse U-shape relationship, and an increase in agricultural production and energy consumption led to increase in greenhouse gas emission. In the long run, total GHG emissions and CO2 emissions show an N-shaped relationship with economic growth, and an increase in agricultural production has resulted in a decrease in total GHG and CO2 emissions. However, methane (CH4) and nitrous oxide (N2O) emissions showed an inverse U-shape relationship with economic growth, which indicated the environment and production process of agricultural production. Research implications or Originality - Korea agricultural production has different effects on the GHG emission sources, and in particular, methane (CH4) and nitrous oxide (N2O) emissions show to increase as the agricultural production expansions, so policy or technological development in related sector is required. Especially, in the context of the 2030 GHG reduction road-map, if GHG-related reduction technologies or policies are spread, national GHG emission reduction targets can be achieved and this is possible to predict the decline in production in the sector and damage to the related industries.

Efficiency Measurement for Production and Wastewater Abatement Activity Using Network Data Envelopment Analysis: The Case of Korean Industrial Complex (Network Data Envelopment Analysis를 적용한 생산 및 폐수처리 효율 추정)

  • Kim, Kwang-Uk;Hwang, Seok-Joon
    • Journal of Environmental Policy
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    • v.14 no.2
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    • pp.27-47
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    • 2015
  • In this paper, we present a new empirical method to estimate the environmental efficiency of decision making units. We propose a model with a new approach that describes a network process consisting of two stages, production and wastewater abatement based on the data extracted from 51 Korean industrial complexes. Taking into account the inter-dependency of two stages, we show a process how to decompose the environmental efficiency into production efficiency and abatement efficiency. Moreover, our new proposed method can be used to explain the information on network relationship between economic growth and environmental protection.

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A Study on the Structural Model and Evaluation of National Maritime Power System(I) (국가해양력시스템의 구조모델과 평가에 관한 연구(I))

  • 임봉택;이철영
    • Journal of Korean Port Research
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    • v.14 no.1
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    • pp.57-64
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    • 2000
  • For composing the structure model of national maritime power system by system structural modeling, in this study, the 50 basic factors are selected by survey of the extensive and through literatures on maritime, sea, maritime power and sea power. And the basic factors are classified into 36 component factors by cluster method. The 9 attributes are extracted by the application of the principle component analysis method, one of the factor analysis method in system engineering, to component factors. In this study, we define the attributes composing the national maritime power system by integrating the result of this study and existed our studies relating to this topic. Which are showed in Table 2. and we show the structure model of national maritime power system in Fig. 3. In Table 2, the 9 attributes are as follows : the fundamental power of maritime, shipping and port power, naval power, fishing power, shipbuilding power, the power of ocean research and development, dependency on seaborne trade, the protection power of ocean environment and the will and inclination of govemment. Also, in the case of evaluating this system, we conform the importance of considering the interactions among the attributes which have strong interactions in structure model of national maritime power system.

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An Empirical Study on the Vendor's Opportunism in the Collaboration between Buyer and Vendor

  • Hwang, Sunil;Suh, Eung-Kyo
    • The Journal of Industrial Distribution & Business
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    • v.8 no.5
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    • pp.53-63
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    • 2017
  • Purpose - The main feature of this study is understanding of the vendor's opportunism on the collaboration context between buyer and vendor from the buyer's viewpoint with resource dependence theory. A number of studies on opportunism have focused on opportunistic definitions and its theoretical studies. Other researches emphasize the importance of governance in ways that reduce opportunism. We think that this research could be filled with the lack of previous studies. Research design, data, and methodology - In order to accomplish research purpose, four hypotheses have been established based on the framework of resource dependence theory and previous studies. And we have used 599 survey data jointly collected by Korea Productivity Center and the Ministry of Trade, Industry and Energy. To verify these hypothesis, we have conducted multiple regression analysis with SPSS 23.0. Results - The vendor 's opportunism decreases as mutual trust with buyer becomes higher. However, as the degree of dependence of buyers on vendor resources increases, vendor's opportunism increases. And monitoring vendor's capacity has a moderating effect with buyer resource dependency to vendor's opportunism. Conclusions - This study suggest there are two options to decrease vendor's opportunism. Increasing mutual trust or decrease dependence on vendor's resources. Also, monitoring suppler's capacity could be effective when vendor's resource dependence is high.

Fuel Cell as an Alternative Distributed Generation Source under Deregulated Power Systems (규제가 없는 전력계통에서 대체분산전원으로서의 연료전지)

  • Lee, Kwang-Y.;Kim, Se-Ho;Kim, Eel-Hwan;Kim, Ho-Chan
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.12
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    • pp.561-569
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    • 2006
  • Because of the trend of deregulation, power industry is going through an unprecedented transformation in North America and Europe, and there are a host of acquisitions and mergers by the private sector to position themselves to take advantage of new business opportunities. Deregulation has accelerated the development of smaller generators and fuel cells will gradually become more attractive to mainstream electricity users as they improve in capability and decrease in cost. Fuel Cell technology is surveyed and the potential of using fuel cell as a distributed generation source is presented. This paper recommends the fuel cell power plants as alternative energy sources for distributed generation in Jeju Island, Korea. This will help in increasing fuel efficiency, at least double the current thermal plants', increasing the reliability of power supply, reducing the dependency on the HVDC link, providing quality power to the growing infrastructure, and maintaining clean air in meeting the free-trade international island.