• Title/Summary/Keyword: Transition Countries

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Determinants of FDI in Transition Countries of Central Asia with VECM (수정오차모형을 통한 중앙아시아 체제전환국들의 FDI 결정요인 분석)

  • Narantsetseg, Narantsetseg;Choi, Chang Hwan
    • International Commerce and Information Review
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    • v.18 no.1
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    • pp.107-127
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    • 2016
  • This paper attempts to investigate determinants of foreign direct investment in transition countries of Mongolia and Central Asia five countries of Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan. FDI inflows in this transition economies have been far increasing due to their rapid growth, GDP, gross capital formation, wage, labor force, open trading, infrastructure and natural resources as well as the factors demonstrating the economic variables and political variables of these countries by Vector Error Correction Model. The results of empirical analysis based on data from 1993 to 2013 confirmed that FDI and open trade and gross capital formation and political than GDP, wage, labor force, infrastructure and natural resources had a significant impact on Central Asia and Mongolia. In addition, if Mongolia and Central Asian five countries can maintain the country's economic growth, reduce unemployment level, achieve certain improvements in domesticating new technologies and improving skills and knowledge sphere as well as promoting stable domestic price increase, attracting and improving the FDI by paying more attention to the indicators focusing on country's GDP, wage, labor force, infrastructure and natural resource.

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The Pattern and Determinants of Demographic Transition in African Countries (아프리카의 인구변천 유형과 특성)

  • Chung, Sung-Ho
    • Korea journal of population studies
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    • v.31 no.1
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    • pp.127-146
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    • 2008
  • Over the past four decades reproductive behavior has changed slowly in much of the African countries. The average total fertility rate has fallen from six or more to near five today. Between 1960 and 2000 the largest fertility decline occurred in such Northern African countries as Algeria, Libya, and Morocco. The mortality rate has decreased in most African countries. The purpose of this study is to review the pattern of demographic transition in African countries. At first, this study focuses on the fertility transition. In Africa, the total fertility rate has decreased from 6.59 to 4.85 between 1960 and 2000. The mortality rate has also decreased in most of African countries. It is also interesting to find that there is a clear difference among African countries. In terms of infant mortality rate, Libya shows the lowest rate(17), while Mali and Somalia remain still high rate(142 and 133, respectively). This study tests a path model in which infant mortality rate acts as an intermediate variable between three socioeconomic variables and the fertility rate. The findings of this paper substantiate some of our hypotheses on the interrelationships among socioeconomic variables, infant mortality rate, and fertility rate. The result also shows the indirect effects of socioeconomic variables on fertility rate via infant mortality.

Coal-fired power plants closure and just transition of port labour employment (화력발전소 폐쇄와 항만인력 고용의 공정한 전환)

  • Su-Han Woo;Du-Ri Kim
    • Korea Trade Review
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    • v.45 no.5
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    • pp.55-74
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    • 2020
  • This study examines the policy direction and specific countermeasures for addressing possible port labour issues from the perspective of Just Transition which may be raised by closing coal fired power plants in Korea. Current energy transition policy and port labour policy in Korea are reviewed and case studies in the countries which has experienced closure of coal fired power plants are undertaken. Although it varies from country to country, a similar approach was found that the employment problem of coal fired power plant closures and measures based on Just Transition regime to mitigate the negative impacts that occur in the region are the key to successful transition. It is suggested that countermeasures for port labour should be institutionalized for providing stakeholders with legal stability covering labours not only directly employed by the plants but also employed in entities in the whole supply chains.

Multidisciplinary Team Research as an Innovation Engine in Knowledge-Based Transition Economies and Implication for Asian Countries -From the Perspective of the Science of Team Science

  • Lee, Yong-Gil
    • Journal of Contemporary Eastern Asia
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    • v.12 no.1
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    • pp.49-63
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    • 2013
  • This work identifies the key factors influencing the success of multidisciplinary, interdisciplinary, and trans-disciplinary R&D projects in transition economies by integrating knowledge management, organizational, inter/intra-collaboration (open-innovation), and leadership perspectives, while also addressing the perspective of the science of team science, which is an integrative approach to R&D. This is followed by providing the major sub-constructs of team science and policy implications to better facilitate multidisciplinary, interdisciplinary, and transdisciplinary R&D projects in knowledge-based transition economies.

The Global Distribution Direction of Defense Industry in Eastern Europe under the New Cooperation Strengthened (신 협력 강화에 따른 동유럽 방위산업의 국제유통방향)

  • Seo, Dae-Sung;Coo, Byung-Mo
    • Journal of Distribution Science
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    • v.15 no.1
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    • pp.83-93
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    • 2017
  • Purpose - After the transition, the development of defense industry in Eastern Europe has been regressed. Recently, they have internationally recognized that new products have been exported and contributed to the Innovation-Based Manufacturing of national economy such as unmanned reconnaissance aircraft, water purification technology, and mobile chemical laboratory, etc. The military forces in Eastern Europe are re-armed by the localization of self-produced munitions in their own defense industry, and then emphasize fostering their own defense industry. Thus, if they make a collaboration with other nations as a industrial cluster, it will gain a competitive edge on the defense industry. Research design, data, and methodology - The study was designed with the data of each national defense department. The research of the subject was reviewed before and after the transition. Thousands of workers have worked in defense industries before the transition, however, the defense industry and experts left after the transition. The Hungarian defense spending on GDP also dropped sharply from 1.72% in 2000 to 0.85% in 2013. But, due to the crisis in Ukraine and the crisis of Syrian refugees, the Viségrad Group (V4) member countries have also increased their interest in a defense and industries as well as the confidence in the EU and NATO. Results - On the whole, the joint of military training and purchase of defense materials were found in order to form the EU cooperative combat troops in CEE. There are the implementation of a joint manual plan for strengthening V4 security policy and the joint military exercises for V4 every year, and the others are electronic warfare and innovation of V4 national forces. Through such a performance analysis methodology, we found that the defense industry is developed through the national cluster cooperation among CEEs and spreading global distribution. Conclusions - Eastern Europe and Balkan countries have been looking forward to cooperating with the non-EU countries such as Korea and other defense industries. There are a lot of potential development into a new civilian cooperation defense industry for global-distribution. Thus, Korea should develop electronic commercial applications, not just as a weapon exporting region.

The Association Between Public Social Expenditure and Suicides: Evidence from OECD Countries (공공사회지출이 자살률에 미치는 영향: OECD 국가를 중심으로)

  • Park, Yoo-Jin;Kim, Myoung-Hee;Kown, Soon-Man;Shin, Young-Jeon
    • Journal of Preventive Medicine and Public Health
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    • v.42 no.2
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    • pp.123-129
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    • 2009
  • Objectives : This study aimed to examine the association between public social expenditure(PSE) and suicides in the 27 countries of the Organization for Economic Cooperation and Development(OECD) from 1980 to 2003. Methods : The age-standardized suicide rates and their annual change(%) were obtained from the OECD Health Data 2007. As a measure of social protection, the PSE(% GDP) was used. The covariates included the annual divorce rate(/100,000 population), fertility rate(number of children/woman aged 15 to 49 years), GDP per capita(US$ PPP), male unemployment rate(%), life expectancy(years) and alcohol consumption(liter/capita) for each country, which were all obtained from the OECD Health Data 2007 and the OECD Social Indicators 2006. Using hierarchical linear models that included these covariates, the effects of PSE on suicides(Model 1) and the annual percent change (Model 2) were examined(Model 3). Also, sub-sample analyses were done for six countries that experienced political/economic transition. Results : We could not find significant effects of PSE on suicides(Model 1), but we observed significantly negative effects on the annual percent change for men and women(Model 2). Such findings were replicated in the sub-sample analysis, and moreover, the effect size was much larger(Model 3). Conclusions : Our finding suggests that social welfare protection can be a pivotal factor for suicide epidemiology, and especially in countries experiencing a social crisis or transition.

A Comparative Analysis of the Germany and Korea's Bilateral Cooperation Strategy to Secure Overseas Clean Hydrogen: Focusing on the Geopolitical Perspective (독일과 한국의 해외 청정수소 확보를 위한 양자협력 전략 비교 분석: 지정학적 관점을 중심으로)

  • JUN, EUNJIN;WOO, AMI;PARK, MIRA;JUNG, HYOUNDUK;SHIN, HYUN WOO
    • Journal of Hydrogen and New Energy
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    • v.33 no.5
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    • pp.470-498
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    • 2022
  • Recently, the world has been considering hydrogen energy as the primary energy transition means to achieve carbon neutrality by 2050. In order to achieve the goal of reducing greenhouse gas emissions, Korea is also promoting a clean hydrogen economy. However, it is necessary to introduce various clean hydrogen from overseas so that the projected demand can not meet the domestically produced. For this study, we conducted the policy comparison approach between countries other than the generally considered technical and economic approaches. The finding proposes the direction of bilateral cooperation for a strategy of securing overseas clean hydrogen from a geopolitical perspective. Germany was a target country for the policy comparison since it has a high proportion of manufacturing, like Korea, and is taking the lead in the renewable-based energy transition policy. According to the survey and analysis of the policy establishment status and new projects of the two countries, Germany is promoting bilateral international cooperation in the hydrogen area with about 33 countries based on 7 types of activities. In comparison, Korea is involved in bilateral cooperation with about 12 countries on relatively few activities. Among the types of bilateral cooperation, R&D cooperation with advanced countries for hydrogen technology was a common activity type. Germany preemptively promotes cooperation for demonstration and commercialization, considering geopolitical means and strengthening manpower training and assistance on policy and regulation to preoccupy the market for the future. Therefore, it is necessary to consider establishing a network of an entire life cycle of supply and demand network that links the future market with securing clean hydrogen considering the geopolitical distribution. To this end, Korea also needs to expand bilateral cooperation countries by activity type, and it seems necessary to seek various geopolitical-based bilateral cooperation and support measures for developing countries to diversify the supply sources of hydrogen.

The Essential Prerequisites of Agile Transition and Adoption: a Grounded Theory Approach

  • Gandomani, Taghi Javdani;Nafchi, Mina Ziaei
    • Journal of Internet Computing and Services
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    • v.17 no.5
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    • pp.173-184
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    • 2016
  • Prevalence of Agile methods in software companies is increasing dramatically. Software companies need to employ these methods to overcome the inherent challenges of traditional methods. However, transitioning to Agile approach is a topic of debate and there is no unique and well-defined transition model or framework yet. Although some research studies have addressed barriers and strengths behind the successful Agile deployment, it seems that this process still needs to be studied more in depth. The rationale behind this is the socio-technical nature of Agile transition and adoption. Particularly, the challenges and problems that software companies are facing during Agile transition, show that this process in more difficult than expected. Conducting a large-scale research study revealed that Agile transition and adoption process needs to be supported by several critical prerequisites. This study adopted a Ground Theory with the participation of 49 Agile experts from 13 different countries and empirically identified seven transition prerequisites. These prerequisites focus on the different aspects of the transition. The main aim of this paper is proposing these prerequisites and theoretical and practical implication of these prerequisites. Providing these prerequisites before moving to Agile increases chance of success in Agile transition and adoption and leads to fewer challenges during the change process.

Central Eastern Europe's Pattern of Industrial Development and Regional Structure in Market Distribution

  • Seo, Dae-Sung
    • Journal of Distribution Science
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    • v.13 no.6
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    • pp.17-23
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    • 2015
  • Purpose - Transnational corporations (TNCs) have influenced drastic changes (financial services, manufacturing, labor, technology transfer) in Central Eastern Europe (CEE). This paper examines the indirect changes in the CEE pattern of industrial development and market distribution. Research design, data, and methodology - Over 25 years, neighboring (or rival) countries competed to attract TNCs as a double-edged strategy for privatization and debt reduction. Through their experience attracting foreign direct investment (FDI), many countries started to reflect aspects of national capitalism. Countries also began to realize in 2010 that TNCs sought to enter markets with more favorable conditions for export-oriented manufacturing. Results - The analysis reveals that TNC investment strategies were aimed at eliminating local competition to acquire industrial "brown fields" to convert into "green fields." CEE countries have since strengthened their national systems and the support of large-scale state-owned enterprises and small and medium-sized start-up enterprises. Conclusions - CEE has changed based on industrial development and a regional structure of TNC market distribution and associated government policies. The pattern toward flexible markets gives countries the ability to further their economies.

Forecasting Volatility of Stocks Return: A Smooth Transition Combining Forecasts

  • HO, Jen Sim;CHOO, Wei Chong;LAU, Wei Theng;YEE, Choy Leng;ZHANG, Yuruixian;WAN, Cheong Kin
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.10
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    • pp.1-13
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    • 2022
  • This paper empirically explores the predicting ability of the newly proposed smooth transition (ST) time-varying combining forecast methods. The proposed method allows the "weight" of combining forecasts to change gradually over time through its unique feature of transition variables. Stock market returns from 7 countries were applied to Ad Hoc models, the well-known Generalized Autoregressive Conditional Heteroskedasticity (GARCH) family models, and the Smooth Transition Exponential Smoothing (STES) models. Of the individual models, GJRGARCH and STES-E&AE emerged as the best models and thereby were chosen for constructing the combined forecast models where a total of nine ST combining methods were developed. The robustness of the ST combining forecasts is also validated by the Diebold-Mariano (DM) test. The post-sample forecasting performance shows that ST combining forecast methods outperformed all the individual models and fixed weight combining models. This study contributes in two ways: 1) the ST combining methods statistically outperformed all the individual forecast methods and the existing traditional combining methods using simple averaging and Bates & Granger method. 2) trading volume as a transition variable in ST methods was superior to other individual models as well as the ST models with single sign or size of past shocks as transition variables.