• Title/Summary/Keyword: economic cycle

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A Conceptual Analysis of Household Migration Decisions (가구의 이동결정에 관한 개념적고찰)

  • 김헌민
    • Korea journal of population studies
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    • v.14 no.1
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    • pp.26-34
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    • 1991
  • Migration studies that assume that decision making is done on an individual basis is overlooking the importance of the family factor. Considering that must people belong to families, it is more appropriate to view migration decision from the perspective of the family. This study analyzes the household migration decision whereby the alternatives are to stay, 10 undertake family migration or to undertake single migration of a member. In developing a conceptual model of household migration decision, it is assumed that the household's objective is to maximize household income which is a function of individual members' earnings. The benefits and costs of household migration and individual migration are identified and the household chooses the migration strategy that maximizes expected household income. When household members have conflicting earning prospects in the potential destination, the household considers single migration of the member with the best earning potentials. However, lone migration by a household member involves cost of family separation which is both monetary and psychic, and this study shows that lone migration is undertaken only when its net gains to the family are greater than the separation cost of the family. The major benefit of choosing single migration is the retention of home base in the place of origin which can serve as an insurance against the uncertainty of obtaining a job in the destination, the benefit that is unavailable in family migration. The conceptual analysis shows how a household's migration decision would depend on its members' economic roles and prospects in the destination. Besides the economic variables, social and life cycle variables of the family translate into separation costs and benefits of migration. This study indicates that one - earner family in low economic status but with good earning prospects and high separation costs is more likely to choose family migration over single migration.

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Predicting Recessions Using Yield Spread in Emerging Economies: Regime Switch vs. Probit Analysis (금리스프레드를 이용한 신흥경제 국가의 불황 예측: 국면 전환 모형 vs. 프로빗 모형)

  • Park, Kihyun;Mohsin, Mohammed
    • International Area Studies Review
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    • v.16 no.3
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    • pp.53-73
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    • 2012
  • In this study we investigate the ability of the yield spread to predict economic recessions in two Asian economies. For our purpose we use the data from two emerging economies (South Korea and Thailand) that are also known for their openness in terms of exports and imports. We employ both two-regime Markov-Switching model (MS) and three-regime MS model to estimate the probability of recessions during Asian crisis. We found that the yield spread is confirmed to be a reliable recession predictor for Thailand but not for South Korea. The three-regime MS model is better for capturing the Asian financial crisis than two-regime MS model. We also tried to find the duration of economic expansions and recessions. We tested the hypothesis of asymmetric movements of business cycles. The MS results are also compared with that of the standard probit model for comparison. The MS model does not significantly improve the forecasting ability of the yield spread in forecasting business cycles.

A Study on the Promotion of Sustainable Community Enterprise for the Local Regeneration - Focused on Community Enterprises in the UK - (지역재생에 있어 지속가능한 마을기업 육성에 관한 연구 - 영국 마을기업 사례를 중심으로 -)

  • Im, Jung Ha
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.34 no.5
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    • pp.139-150
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    • 2018
  • This paper aims to elaborate the role and availability of the community enterprise as a form of methodology in local regeneration, dealing with urban social problems generated in the process of urban development. In a situation of the increasing skepticism in the capitalism, the instability in public welfare system and disintegration of community, social economy has come to the fore as an alternative. The community enterprise, especially, has shown the potential to form a virtuous cycle in local regeneration system; residents recognize local problems by themselves; discover and utilize the local resources and assets in the process of solving the problems as an entrepreneurial form; and consequently create social and economic capital which can be reinvested in the local community. Given these aspects, Korean government has implemented supporting policies for the promotion of community enterprises, and new government's "Urban Regeneration New Deal Project" are putting more importance on the role of social and community enterprises as a propulsion unit. In this regard, this paper first explores the concept and features of community enterprise in economic and social aspects, whereby it analyzes the capacity of community enterprises as principal agencies or implements in local development. Then, the development status and institutional supports for community enterprises in the UK is revealed, and investigates case studies which are playing a revolutionary role in urban regeneration or local economic revitalization. Based on this analysis, it draws the main factors for the sustainable and autogenous community enterprise as follows: flexibility in legal forms, community owned assets, diverse fund streams and invigorating social investment market, active partnership between public and private sectors, ardent enterprisers and intermediate support organizations.

Economic Evaluation System for Deteriorated Military Facilities (노후 군시설물의 경제성 평가 시스템)

  • Jang, Won-Suk;Lim, Tae-Kyung;Lee, Dong-Eun
    • Journal of the Korea Institute of Building Construction
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    • v.13 no.2
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    • pp.181-192
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    • 2013
  • Given both structural safety and economic benefits of aging facilities, remodelling of the existing facilities is preferable to reconstruction. This recognition provides an opportunity to reduce the commitment of resources and national budget. However, when a subordinate troop asks for remodeling or reconstruction of a deteriorated facility, it is difficult to ensure the consistency and objectivity in the process of decision making for the alternatives due to the absence of systematic and quantitative rating methodology. Their economic evaluation methodology only exists in a manual format. Thus, further research is required for converting the methodology into an automated system in view of practicality such as rapid and accurate data processing. The contributions of this study are as follows: 1) Literature review found out a representative economic evaluation model focused on military facilities, and comparative analysis with a similar study identified the strength and weakness. 2) this study presented how to convert the theoretical framework which enables to solve a specific subject matter into an automated system. 3) it developed a user friendly interfaces which consist of four functional modules by considering the usability and accessibility of the system user. 4) the developed system was verified by a case study in terms of four kinds of performance indicators.

Trend of Regional Economic Development Disparity, Convergence and Inverse U-type Hypothesis Test in China (중국 지역경제발전 격차의 추세, 수렴과 역U자 가설 검증)

  • KIM, Sang-Wook
    • International Area Studies Review
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    • v.13 no.2
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    • pp.226-253
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    • 2009
  • The study analyzes the trend of regional economic development disparity in China, sets up research period from 1952 to 2008, and uses the after-modified regional GDP data by the first national economic census in 2004. The results as follow. Firstly, the Coefficient of variation(CV) with after-modified GDP data lower than the pre-modified data. Secondly, generally speaking, after-reform and open period's disparity lower than pre-reform and open period. In particular, the regional development disparity increased slowly after 1990, not rapidly. Third, the new cycle of the inverse-U type is appeared from 2002. Fourth, compared with Herfindhal-Hirschman index(HHI) and Theil Entrophy index(TEI), the lower level regions more affect to reduce the disparity in 1980s, and it also affect to reduce the disparity after 2000. Fifth, the convergence hypothesis test finds that the regional economic development disparity has been converged in 1978-2008. Sixth, the inverse-U type hypothesis not has statistical significance, from 1952 to 2008, but it has statistical significance from 1991 to 2008. This result same as the CV and the convergence test.

The Moderating Effect of Job Satisfaction on Social Exclusion and Quality of Life of the Disabled (장애인의 사회적 배제와 삶의 질에 대한 직무만족의 조절효과)

  • Aeran Kwon;Hyeongki Lee
    • Journal of Internet of Things and Convergence
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    • v.10 no.1
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    • pp.13-20
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    • 2024
  • The purpose of this study is to objectively quantify the degree of social exclusion of the disabled and verify the impact of the derived degree of social exclusion on the quality of life of the disabled. And the purpose is to verify whether job satisfaction moderates the impact of social exclusion and quality of life of disabled people. The subjects of the study were 1,280 people extracted through a panel survey on employment of the disabled. The independent variables of social exclusion are economic difficulties, employment status, mental health, and social activities. The dependent variable was quality of life, and the control variable was job satisfaction. The research results are as follows. First, the sub-factors of social exclusion that affect quality of life were economic difficulties, mental health, participation in social activities, and employment status. Second, job satisfaction showed a moderating effect in the relationship between social exclusion and quality of life. And the sub-factors of social exclusion that have a moderating effect on quality of life were identified as economic difficulties, employment status, and social activities. In follow-up research, it will be necessary to investigate employment programs for the disabled in developed countries and analyze the implementation background, implementation details, achievements, and limitations, thereby contributing to the establishment of employment policies for the disabled. It is hoped that through this research, the vicious cycle of social exclusion and discrimination of the disabled will be improved and an opportunity will be provided to improve the quality of life through the economic activities of the disabled.

A semantic Study on Environmental-friendly of Interior Architecture materials (실내건축재료의 환경친화에 관한 의미론적 고찰)

  • 강승모;권자인
    • Korean Institute of Interior Design Journal
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    • no.28
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    • pp.117-123
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    • 2001
  • In 1990s, interest on Environment has been increased and Environment-oriented consumer's economic power accelerated the trend of preference for 'Environment-friendly material'. Moreover, the concept of 'Sick Building' Syndrome has been spread to the public and solution for the syndrome is required. 'Environment-friendly material'means that the material used is not harmful for the user's health, and on top of that, causes least harm to the environment during production/scrap process of the material itself. Decision of designers and architectures, as a result, is really crucial tot he environment issues. Above all, selecting the most environment-friendly material and design among possible candidates is natural and cost saving way. In the paper, couple of Evaluation Criterium for Material Selection are analyzed and objective linkage has been identified. With the result of analysis, methodology to minimize damage on environment during whole life cycle of the Interior Design has been sought for.

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A Management Condition of Apartment House and Improvement Strategy of Remodeling (공동주택관리실태 및 리모델링 활성화 방안)

  • 유인근;정동환;윤여완;김천학;양극영
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2004.05a
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    • pp.77-83
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    • 2004
  • Apartment Building remodeling market is now growing centering around non housing building. Unlike non housing building remodeling business, understanding of remodeling demanders accustomed to profit of reconstruction, deficiency of experience performing remodeling project and construction, shortage of will performing remodeling policy and detailed action method are difficulties in performing apartment building remodeling business. Understanding change of remodeling demanders, strong economic incentive by government, construction management paradigm shift from new construction into building life cycle, application of construction method using existing building condition before remodeling and remodeling related industry infrastructure are required to improve this remodeling business circumstances.

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A Study on the Improvement of VVVF Inverter of the Line 7 EMU by Applying FMECA Process (FMECA를 통한 7호선 VVVF 인버터 시스템 개선방안에 관한 연구)

  • Park, Jea-Hung;Kim, Ho-Kyung;Lee, Kwan-Sup
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.7-13
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    • 2011
  • RAMS is the procedure to maximize the reliability and availability of systems with managing operation rate, the frequency of failure in the system and repair method. Recently, all system life-cycle focusing on RAMS process has been rapidly developing in the field of railway vehicles, for example, applying th reliability management techniques for procurement and disposal of EMU. In particular, global economic recession require to reasonable measures for the EMU maintenance costs under the circumstances therefore, an alternative solution based on RCM(Reliability Centered Maintenance) which is the optimal maintenance method is interested. In this study, the state of being critical of each component and a primary factors was analyzed to improve VVVF inverter of the line 7 EMU by applying FMECA process. Furthermore, this paper showed the impact of connecting between the main and sub system. Based on these data, critical components according to malfunction ratings were classified by screening measures and improvements for each components was summarized.

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A New Approach to Estimating Product Lifetimes: A Case Study of an LED Based LCD TV

  • Kim, Keun-Hwan;Kim, Chi-Hwan;Park, Hyun-Woo
    • Asian Journal of Innovation and Policy
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    • v.1 no.2
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    • pp.200-218
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    • 2012
  • Estimating the economic life of a technology is the first important prerequisite step in the feasibility analysis of technology-based business. Many empirical studies have concentrated on patents data to estimate the time period for a technology. However, it is recommended to estimate it along with qualitative considerations of future technological and market conditions. In this regard, little is known about how approaches are applied. This paper aims to establish a structural framework of estimating the lifetime of a technology by integrating the outputs of an analysis of the determinants in each transition of a product life cycle. We describe an illustrative case about a light emitting diode (LED) backlight unit (BLU) technology for the liquid crystal display (LCD) TV. The framework allows valuators and experts to estimate a technology lifetime by using multidimensional factors.