• Title/Summary/Keyword: economic instability

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Failure of the Transition to Adulthood among Homeless Young Men and their Family Experience (남성 노숙 청년의 성인기 독립 이행 실패와 원가족 경험)

  • Kim, Soyoung
    • Korean Journal of Social Welfare
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    • v.69 no.3
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    • pp.213-240
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    • 2017
  • In the harsh period for young adults to prepare their successful life, this study aimed to understand the specific experiences of independence transition among homeless young adults. Also this article explored how their family perform as a supportive system for their independence. Using in depth interview materials of 19~39 aged 8 young homeless males, the research analyzed their family's weak support; no family members, no economic support and breaking relationship. As to occasion of independence, the participants sometimes experienced loss of house, evacuation by their family or runaway from their home. It was abrupt and unexpected leaving home. Also their process of independence was beyond their capacity that they suffered from instability job and destitute rather than continuous mental trauma and isolation. In the end they faced serious risky situations that they cannot manage without any help. The findings of this study suggest that quality of family relationship would be more important than economic capital from family and transition to adulthood of vulnerable young adults who don't have family support need much alternative supportive system and social capital.

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The Effect of Menopausal Symptoms & Self Esteem on Depression in Middle Aged Women (중년여성의 갱년기증상과 자아존중감이 우울에 미치는 영향 연구)

  • Kim, Jeong-Suk
    • Journal of Convergence for Information Technology
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    • v.10 no.3
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    • pp.31-37
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    • 2020
  • The study was investigate the effect of Climacteric Symptom and Self Esteem on depression in middle woman. A questionnaire was completed by 125 D & S city middle aged womans from January to February 2019. data was analyzed using SPSS/WIN 21.0. In addition descriptive statistics and t-test, ANOVA and Pearson's correlation coefficients and multiple regression were used in the data analysis. Differences in depression according to general characteristics of middle-aged women showed significant difference in economic status and health status instability. The variables affecting depression are Climacteric Symptom(β=.409, p<.001), Self Esteem(β=-.368 p<.001), economic status(β=.067 p=353), health status(β=-.094 p=.174). It should be used in the development of social policy nursing policy for menopausal women by confirming the symptoms of menopausal symptoms and depression in middle-aged women and accepting menopausal period as a turning point of natural life.

Labor Market Integration and Transition to Marriage (노동시장통합과 결혼 이행)

  • Yoon, Ja-Young
    • Korea journal of population studies
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    • v.35 no.2
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    • pp.159-184
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    • 2012
  • This study purports to analyze how individuals' labor market integration affect their transition to marriage. In doing so, I construct variables for job stability and continuity to represent labor market integration using labor force status and years of participation at the time of marriage and during the three years up to the point of marriage. In particular, I focus on differential effects of these labor market integration on the transition to marriage by cohorts: one for those who are likely to enter the labor market after the 1997 financial crisis and the other for those who are before the 1997 financial crisis. I used the Korean Labor and Income Panel Study and analyzed individuals aged above 18 in 2008. The main results are as follows. being currently employed and regular employment increases hazards of the first marriage for men but decreases them for women. long-term no-jobs decreases hazards of marriage for both women and men. long-term regular employment increases hazards of marriage for women but not for men at the statistically significant level. These effects vary by cohorts implying that recent economic and labor market instability deteriorated economic conditions for the youth making transitions to marriage.

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The Determinants of Foreign Direct Investment in the Mining Sector: A Panel Analysis (광업부문에 대한 외국인직접투자 결정요소: 패널 분석)

  • Ulzii-Ochir, Nomintsetseg;Sohn, Chan-Hyun
    • International Area Studies Review
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    • v.15 no.3
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    • pp.145-174
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    • 2011
  • Attracting foreign direct investment in the mining sector becomes a key factor for the continuing economic growth for mining-dependent developing countries. This paper attempts to identify the determining factors that attract FDI inflows into the mining sector. Based on previous conceptual studies, the authors have attempted empirical analyses on a panel of 40 mining countries for the period 1996-2009. These empirical results are the first of their kind given the variables employed are arguably the most comprehensive and exhaustive to date. The empirical results show that market size, trade openness, quality of mined products, quality of infrastructure, regulatory quality, and perceived economic risk associated with the country are positively related to investments in mining. Whereas, tariff rate, corporate tax rate, extent of corruption, and political instability are negatively related to FDI inflows in the mining sector. The empirical results also show that developing countries tend to attract greater amounts of FDI in the mining sector compared to their developed counterparts.

A Converged Study on the Influence on the Depression of Family & Job Stress and Middle aged Men. (중년남성의 가족스트레스와 직무스트레스가 우울에 미치는 융합적 연구)

  • Kim, Jeong-Suk
    • Journal of the Korea Convergence Society
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    • v.9 no.11
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    • pp.561-567
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    • 2018
  • The study was investigate the effect of family stress and job stress on depression in middle man. A questionnaire was completed by 127 C & K city middle aged mans from july 1 to August 20 2018. The data were analyzed by SPSS/WIN 21.0 program, descriptive statistics, ANOVA, t-test, and Pearson correlation coefficient calculation and multiple regression analysis. Differences in family stress job stress depression according to general characteristics of middle-aged men showed significant difference in economic status and old age instability. The variables affecting depression are job stress(${\beta}=0.288$, p<.001), aging anxiety(${\beta}=0.142$, p<.001), economic status(${\beta}=0.035$, p<.001), family stress(${\beta}=0.016$, p<.001). As a way to reduce family stress and job stress, it is necessary to deal with health care and family conflict such as exercise hobby life relaxation.

Evaluation of Stability and Deterioration Characteristics for the Rock-carved Standing Buddha Triad in Gyeongju Seoak-dong, Korea (경주 서악동 마애여래삼존입상의 손상특성 및 안정성 평가)

  • Lee, Chan Hee;Choie, Myoungju
    • Economic and Environmental Geology
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    • v.54 no.1
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    • pp.137-150
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    • 2021
  • The rock-carved standing Buddha triad in Seoak-dong is a large stone Buddha statue of the Unified Silla era (AD 676 to 935) in ancient Korea, built near the top of the southeastern side of mountain Seondosan in Gyeongju, is characterized by its locational importance, the powerful Amitabha and the gentle sculptural technique of the Bodhisattva. In particular, Amitabha Buddha in andesite rock slope with biotite granite pedestal and two Bodhisattva parallel made by alkali granites seems to express the dignity through the color and texture of the stones. In the Amitabha Buddha, deterioration characteristics are accelerating due to the combination of various joint systems, instability of the slopes and relaxation by the root pressure of plants occurring at the top. In addition, physical properties have deteriorated owing to the increase of discontinuous surfaces as joints, cracks and scalings, and the coverage of algae and lichen is also high. Therefore, deterioration degree in Buddha triad is accelerated due to the physical weathering characteristics from natural rock mass and various biological invasion.

Rare Disaster Events, Growth Volatility, and Financial Liberalization: International Evidence

  • Bongseok Choi
    • Journal of Korea Trade
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    • v.27 no.2
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    • pp.96-114
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    • 2023
  • Purpose - This paper elucidates a nexus between the occurrence of rare disaster events and the volatility of economic growth by distinguishing the likelihood of rare events from stochastic volatility. We provide new empirical facts based on a quarterly time series. In particular, we focus on the role of financial liberalization in spreading the economic crisis in developing countries. Design/methodology - We use quarterly data on consumption expenditure (real per capita consumption) from 44 countries, including advanced and developing countries, ending in the fourth quarter of 2020. We estimate the likelihood of rare event occurrences and stochastic volatility for countries using the Bayesian Markov chain Monte Carlo (MCMC) method developed by Barro and Jin (2021). We present our estimation results for the relationship between rare disaster events, stochastic volatility, and growth volatility. Findings - We find the global common disaster event, the COVID-19 pandemic, and thirteen country-specific disaster events. Consumption falls by about 7% on average in the first quarter of a disaster and by 4% in the long run. The occurrence of rare disaster events and the volatility of gross domestic product (GDP) growth are positively correlated (4.8%), whereas the rare events and GDP growth rate are negatively correlated (-12.1%). In particular, financial liberalization has played an important role in exacerbating the adverse impact of both rare disasters and financial market instability on growth volatility. Several case studies, including the case of South Korea, provide insights into the cause of major financial crises in small open developing countries, including the Asian currency crisis of 1998. Originality/value - This paper presents new empirical facts on the relationship between the occurrence of rare disaster events (or stochastic volatility) and growth volatility. Increasing data frequency allows for greater accuracy in assessing a country's specific risk. Our findings suggest that financial market and institutional stability can be vital for buffering against rare disaster shocks. It is necessary to preemptively strengthen the foundation for financial stability in developing countries and increase the quality of the information provided to markets.

Northeast Asia in Russia's Pivot to the East (СЕВЕРО-ВОСТОЧНАЯ АЗИЯ В ПОВОРОТЕ РОССИИ НА ВОСТОК)

  • Kanaev, Evgeny
    • Analyses & Alternatives
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    • v.1 no.1
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    • pp.44-64
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    • 2017
  • Russia's push in the Asia-Pacific region stems from its interests that have the national, regional and global dimensions. In their turn, the aims of this policy are civilizational, geopolitical, economic and prospective, with a long-term outlook. In the course of their achievement, cooperation with Northeast Asia's countries will play one of the key roles owing to the factors of geographic proximity, Northeast Asia's economic potential, risk hedging and a growing influence Northeast Asia exerts upon the global development. A new cooperation paradigm between Russia and the states of Northeast Asia should be based upon establishing and cementing self-reproducing ties. This is the central aim of Russian initiatives in relations, with Japan, the Republic of Korea, Democratic People's Republic of Korea, Mongolia and China. However, numerous obstacles ranging from Russia's absence in the regional free trade agreements and supply-production chains of value-added production to the permanent international instability generated by Pyongyang's missile-nuclear developments hamper the practical implementation of this task. Realizing the necessity to give an additional impetus to this new cooperative paradigm, Russia has to develop directions with an apparent consolidating effect. The most promising may be the establishment of a permanent security forum based upon Northeast Asia Peace and Security Mechanism chaired by the Russian Federation. The urgency of this measure and its expected support stem from the necessity to strengthen security in Northeast Asia, a task neither the US-led hub-and-spoke system nor ASE-AN-led multilateral dialogue venues have been able to resolve. The issues addressed at the security forum must include the unification of approaches to North Korean nuclear issue and producing a document specifying actions of the claimants on the disputed maritime territories in the "direct contact" situations. At the expert level, Russia has elaborated on the idea to establish such a forum outlining the spectrum of the key directions of cooperation. With the urgency in the establishment of this dialogue venue, its agenda has to be coordinated with the agendas of the existing security systems presented by the US alliances and the ASE-AN-led multilateral negotiations. The practical implementation of this initiative will strengthen security in Northeast Asia as its challenges will be resolved in the pre-emptive way based on coordinated approaches. Therefore, Russia as the Eurasian state will be one of the role players in the advent of the Asian century.

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Ecological and Geomorphic Fallout of Escalating River Mining Activities: A Review

  • Sk. Rakibul Islam;Rafi Uddin;Miftahul Zannat;Jahangir Alam
    • Economic and Environmental Geology
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    • v.57 no.3
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    • pp.293-303
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    • 2024
  • River mining, the extraction of sand and gravel from riverbeds, is rising at an alarming rate to keep pace with the increasing demand for construction materials worldwide. The far-reaching deleterious effects of river mining include the lowering of water levels, the augmentation of turbidity, and the erosion of riverbanks, i.e., the disruption of water flow and alteration of river morphology. Aggregates demand, geolocation, and the economy of Bangladesh accelerated illegal extraction. However, limited research has been carried out in this region, despite the severe impact on aquatic and terrestrial ecosystems. To address the corresponding consequences and direct the scope for further research, it is required to evaluate existing studies of other countries having similarities in river morphology, climate, economy, and other related parameters. In this respect, based on previous studies, the effects of sand extraction are particularly prominent in India, having 54 cross-boundary rivers with Bangladesh. The geological profile of numerous rivers in the past decades has been altered due to natural aggregate mining in the Indian subcontinent. Hence, this study focused on relevant research in this region. However, the existing research only focuses on the regional portion of the aforementioned international rivers, which lacks proper assessments of these rivers, taking into account especially the mining effects. Moreover, several global rivers that have similarities with Bangladeshi rivers, considering different parameters, are also included in this study. The findings of this article underline the pressing need for more efficacious measures to address the adverse effects of river mining and safeguard ecosystems and communities globally, especially in the Indian subcontinent, where the situation is particularly vulnerable. For this reason, targeting the aforementioned region, this review highlights the global evidence in assessing the future effects of river mining and the need for further research in this field.

Financial Stability of GCC Banks in the COVID-19 Crisis: A Simulation Approach

  • AL-KHARUSI, Sami;MURTHY, Sree Rama
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.337-344
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    • 2020
  • Stability and sustainability of the biggest banks in any country are extremely important. When big banks become unstable and vulnerable, they typically stop lending. The resulting credit squeeze pushes the economy into recession or a slow growth path. The present study examines the financial stability and sustainability of the 30 large banks operating in the six Gulf Cooperation Council countries. These banks represent 70% of the GCC banking market. Monte Carlo simulation was attempted assuming that key drivers can vary randomly by twenty percent on either side of the current values. The conclusions are drawn based on 300 simulation trails of the five-year forecast balance and income statement of each bank. Year 2020 is not favorable for the GCC countries because of the COVID-19 pandemic and low oil prices, though the future years may be better. The study identifies several banks, which may become financially unsustainable because the simulations indicate the possibility of negative profitability, unacceptably low capital ratios and potential for heavy credit losses during periods of economic turbulence, which is the current situation due to the COVID-19 pandemic. Through simulation the paper is able to throw light on which factors lead to bank instability and weakness.