• Title/Summary/Keyword: Trading Policy

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A Development Strategy of Busan New Port by a Comparative Analysis on Singapore and Hong Kong Ports (싱가포르 및 홍콩항과의 비교분석에 의한 부산 신항의 발전전략)

  • Kim, Jeong-Su
    • Journal of Korea Port Economic Association
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    • v.24 no.4
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    • pp.1-23
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    • 2008
  • In order for Busan New Port to secure more trading volumes than the competing ports at home and abroad, an alternative plan for the new port management policy needs to be sought. By the way, aiming to minimize trial and error while maximizing effect in establishing and driving the new port management policy, there is necessity of referring to the developmental strategies of the advanced ports such as Singapore and Hong Kong that are possessing the globally leading position as well as maximizing the substantial value added and the employment-creation effect even qualitatively. Accordingly, the purpose of this study is to propose for a reasonable development strategy for Busan New Port in line with conditions and characteristics of Busan New Port by comparing and analyzing conditions and characteristics of these two advanced ports and by comparative analysis on the developmental strategy according to this.

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A Comparative Study of Global Economic Models for Climate Change Policy: A Structural and Technological Analysis (기후변화 글로벌 경제모형의 구조 및 기술적 변화에 따른 비교 분석)

  • Hong, Jong Ho;Kim, Changhun
    • Environmental and Resource Economics Review
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    • v.20 no.3
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    • pp.419-457
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    • 2011
  • This study aims at understanding the characteristics of global economic models, which are widely used for climate change policy analysis. A literature review study was conducted in order to derive general features of top-down models such as CGE and bottom-up/hybrid models such as GTEM. Furthermore, a structural analysis was carried out by applying parameter and structural components from other models to a particular model to observe the potential differences in outcomes. Literature review shows that bottom-up or hybrid models generally have higher level of reduction potentials than top-down models in the long run. This contradicts the conclusion presented by IPCC, and raises the need for more rigorous investigation through structural analysis. Structural analysis of EPPA model indicates that the structural component of the energy sector in a particular model is the most influential factor in predicting baseline emissions and reduction potentials. This includes the structure among energy, capital, and labor inputs, and the substitution elasticities within the energy bundle. Technology bundle can establish the conclusions from literature review, and change in Armington elasticities do not significantly affect the outcome in aggregate.

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Remodeling Strategies for Governance of Trade in Services in Korea (서비스무역 거버넌스 분석과 리모델링 전략)

  • Park, Moon-Suh
    • International Commerce and Information Review
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    • v.11 no.2
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    • pp.173-201
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    • 2009
  • As a result of overemphasizing the goods sector in trade structure, Korea does not meet properly the global trend which has the key role of 'trade in services' as the service economy have been expanded. Hereafter, it is easily forecasted that trade in services will be one of the main factors for Korea's competitiveness and engine of growth. Nevertheless, because Korea does not equip the concreteness of governance for trade in services, it is possible that the efficiency deterioration of trade volume, confusion of Korea's trade policy, conflict among trading countries, and discordance between the interested parties may be occurred. This paper analyzes the governance system of Korea for trade in services in order to enhance the competitiveness reflecting the importance of trade in services and to draw some strategies for remodeling the service governance system. It is expected to raise the efficiency of Korea's trade policy by constructing the systematic governance for trade in services, and to remove lots of latent risks during global transactions by improving the imbalance between manufacturing and service part for the development of trade in services in Korea. Analysis revealed itself the result that Korea is weak enough to can not identify the governance system about trade in services. Except 'Extent of Services' article of the Foreign Trade Act, Korea has not prepared the governance system for trade in services so that governance system have been scattered overly or decentralized. Problems about trade in services are not limited to enterprise's side, but extended to all the players including government agency whole, academic world and research institute. Therefore, the governance of trade in services should be strengthened and systematized by making the model law for trade in services(provisional name : Master Law for Trade in Services or Promotion Law for Trade in Services) by formatting type of fundamental law or separate legislation. If the bill legislation does not meet the conditions, the Foreign Trade Act should be totally reformed to Omnibus Trade Act concept including trade in services.

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Policy-based Reconfigurable Bandwidth-Controller for Network Bandwidth Saturation Attacks (네트워크 대역폭 고갈 공격에 대한 정책 기반 재구성 가능 대역폭제어기)

  • Park Sang-kil;Oh Jin-tae;Kim Ki-young
    • The KIPS Transactions:PartC
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    • v.11C no.7 s.96
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    • pp.951-958
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    • 2004
  • Nowadays NGN is developed for supporting the e-Commerce, Internet trading, e-Government, e-mail, virtual-life and multimedia. Internet gives us the benefit of remote access to the information but causes the attacks that can break server and modify information. Since 2000 Nimda, Code Red Virus and DSoS attacks are spreaded in Internet. This attack programs make tremendous traffic packets on the Internet. In this paper, we designed and developed the Bandwidth Controller in the gateway systems against the bandwidth saturation attacks. This Bandwidth con-troller is implemented in hardware chipset(FPGA) Virtex II Pro which is produced by Xilinx and acts as a policing function. We reference the TBF(Token Bucket Filter) in Linux Kernel 2.4 and implemented this function in HDL(Hardware Description Language) Verilog. This HDL code is synthesized in hardware chipset and performs the gigabit traffic in real time. This policing function can throttle the traffic at the rate of band width controlling policy in bps speed.

Pilot-Project Design on Introduction of Payment of Forest Landscape Service (산림경관서비스 지불제 도입을 위한 시범사업 설계)

  • Choi, Jaeyong;Lee, Dongkun;Lee, Hochul;Ko, Jaechun
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.12 no.6
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    • pp.112-122
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    • 2009
  • Payment of Forest Landscape Service (PFLS) is based on the value of landscape conservation and is a positive forest policy inducing the owners of mountains to improve environmental service quality with economic incentives. The purpose of this study is to test the feasibility of PFLS and find out the elements related to PFLS such as associated statutes, target applications, eligible owner's requirements, and applicable environmental services. Research sites were selected in designated reserved forests by law and surveys were carried out with 28 professional forestry engineers and 10 owners of reserved forests located in Chungnam Province in November, 2008. As a result, the owners are willing to participate pilot-project of PFLS if they could have tax incentives. Preferred activities in their forestry are eco-tourism and carbon emission trading as PFLS business model. Although they expect low economic benefit from the PFLS, respondents answered introducing PFLS will give good opportunities for owners of a reserved forest to enhance willingness to manage their forestry properly for the landscape conservation. In this study, PFLS evaluation indicators and policy directions are established and recommends the strategies to cope with changing needs of forestry conservation by inducing the owners' active participation in the sustainable forest landscape management.

A Theoretical Study on the Optimal Environmental Policy Instruments (환경정책수단의 최적성에 대한 이론적 검토)

  • Kwon, O-Sung
    • Environmental and Resource Economics Review
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    • v.12 no.3
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    • pp.397-425
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    • 2003
  • This paper develops a simple theoretical model that is consistent with the empirical evidence of an inverted U-shpated relationship between pollution and per capita income, which is so-called environmental Kuznets curve in this literature. Also, by incorporating the issue of environmental externality into an endogenous growth model, I investigate the circumstances under which growth can be sustained with the optimal control of pollution, and hence the sustainable development can be achieved. In order to study the problem of implementing the social optimum in a market economy, I examine the optimality of three different kinds of environmental policy instruments; pollution tax, pollution-permit trading system (pollution voucher), and direct regulation. This paper shows that the optimum can be implemented with a pollution tax or with a voucher system. Also, it is shown that the socially optimal rate of pollution tax should increase proportionally to the growth rate of consumption.

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Effects of OPEC Announcements in Different Periods of Oil Price Fluctuation (사건연구 방법론을 이용한 OPEC 생산량 발표의 원유시장 영향 분석)

  • Bae, Jee Young;Heo, Eunnyeong
    • Environmental and Resource Economics Review
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    • v.26 no.3
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    • pp.451-472
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    • 2017
  • An OPEC production announcement is a major source of supply disruption that has a significant impact on the international crude oil market. In this study, the effects of OPEC's announcements are analyzed using event study methodology. Considering the oil price volatility and structural changes in the oil price, we divide the entire period into three periods and analyze the impact of OPEC's production quota announcements, including 'cut', 'hike', and 'maintain'. As a result of the analysis, we observe that the degree and direction of abnormal returns differ according to the announcements in each period. In addition, by subdividing oil price surge and plunge period into two sections, we analyze the effect of OPEC's 'maintain' announcements. During the oil price plunge period, the amount of abnormal returns was significant. This study provides policy implications for oil trading strategies and for the impact of OPEC announcements during periods of oil price fluctuation.

Forecasting the Port Trading Volumes for Improvement of Port Competitive Power (항만경쟁력 제고를 위한 항만교역량 예측)

  • Son, Yong-Jung
    • Journal of Korea Port Economic Association
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    • v.25 no.1
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    • pp.1-14
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    • 2009
  • This study predicted Port trade volume by considering Korea's export to China and import Com China separately using ARIMA model (Multiplicative Seasonal ARIMA Model). We predicted monthly Port trade volumes for 27 months from October 2008 to December 2010 using monthly data from September 2008 to January 2001 using monthly data. As a result of prediction, we found that the export volume decreased in January, February, August and September while the import volume decreased in February, March, August and September. As the decrease period was clearly differentiated, it was possible to predict export and import volumes. Therefore, it is believed that the results of this study will generate useful basic data for policy makers or those working for export and import enterprises when they set up policies and management plans. And to improve competitive power of Port trade, this study suggests privatization of Port, improvement of information capability, improvement of competitive power of Port management companies, support for Port distribution companies, plans for active encouragement of transshipment, and management of added value creation policy.

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A Study on Problems and Improvement of Government's Real Estate Policy (정부의 부동산 정책 문제점과 개선방안)

  • Kim, Taek
    • The Journal of the Convergence on Culture Technology
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    • v.7 no.1
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    • pp.256-263
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    • 2021
  • This paper studies the problems and improvements of government real estate policies. Moon Jae-in government shifted toward regulation and pledge to curb the tax imposed by speculators. It strengthened regulations on reconstruction and bank loans rather than supply, and raised capital gains taxes. As the government implemented measures, emphasizing political logic rather than the economy, the market is unstable and the economy is in a recession. Land has increased the vicious cycle of problems due to population growth, industrialization, urbanization, and wealth growth. Mis-established land policies not only accelerate land prices, but also accelerate the use of disordered land and lead to disruptions in the trading order. In addition, real estate is so difficult to recover from the land problem that it is difficult to contain water that has been spilled once. This is called the irreversible nature of land. Once the land price rises, it is difficult to regain control and reckless development leads to the destruction of the ecosystem, making it difficult to return. This is why such a complex real estate issue should not be implemented as if it were a punishment in a short period of time with government policies. This paper aims to examine the problems of real estate policies and to examine ways to improve them.

Study on virtual asset investment factors (가상자산 투자요인에 대한 연구)

  • Kim Sang-Mok;Yang Chang-Gyu;Lee Sin-Bok
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.5
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    • pp.9-17
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    • 2023
  • Research on virtual assets has been mainly interested in policy preparation or legislation for the introduction of virtual assets, or virtual asset operation technology, but this study presents investment factors that most asset investors consider important when making investment decisions. By doing so, we came up with research results that are practically helpful to virtual asset investors. According to the research results, (1) virtual asset investors consider business models such as marketability and competitive advantage of virtual assets as the most important factors, and (2) are highly interested in factors that can be objectively judged when investing in virtual assets. The results of this study suggest that a virtual asset trading market environment that can provide objective investment information and discover various judgment factors that enable virtual asset investors to objectively judge virtual assets should be prepared, and that virtual asset businesses using core technologies will continue to grow. This suggests that a variety of policy support is needed to enable this.