• East Asian Economic Review
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• 제27권4호
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• pp.327-346
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• 2023

In the recent 20 years, the capital flows between Korea and European Union have increased and diversified. In particular, the business cycles of two economies have shown similar patterns since the Global Financial Crisis. This study examines both trends and investigates the roles of finance and trade on business cycle co-movements between two economies. The empirical results show that the business cycles can diverge due to either the common shocks or the country-specific shocks. Furthermore, financial integration increases the business cycle co-movements driven by both the country-specific shocks and the common shocks between two economies.

• East Asian Economic Review
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• 제17권4호
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• pp.333-359
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• 2013

Two mega-regional negotiations are changing the landscape of Asia Pacific trade policy: an Asian track centered on ASEAN (the Regional Comprehensive Economic Partnership or RCEP), and a Trans-Pacific track centered on the Trans-Pacific Partnership (TPP) among 12 economies, including the United States, which Korea is expected to join. Modeling results suggest that both would generate substantial benefits for Korea and the global economy. From Korea's viewpoint, the agreements would establish new FTAs with China, Japan and smaller economies, improve the utilization of FTAs by permitting the regional cumulation of inputs, and help to upgrade some Korean FTAs to more rigorous standards. By participating in these agreements, Korea could also help to guide them toward inclusive, high-quality regional outcomes. As one of the region's most open and agile economies, Korea has a large stake in regional integration and would be well advised to pursue both tracks.

• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.677-682
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• 2020

To investigate the nexus between urban population, gross capital formation, and economic growth in the Kingdom of Saudi Arabia, yearly data was collected from the World Bank for the period 1974- 2018. Basic statistics test and correlation matrix was used to investigate the causal effect among the tested parameters, followed by Augmented Dickey-Fuller (ADF) stationary test, co-integration analysis by Johansen test after that Vector Auto-Correction Model for both short-run and long-run and finally the Granger-Causality tests. Result of unit root test analysis shows that the urban population became stationary at I (0) level while economic growth and gross capital formation became stationary at I (1). Johansen co-integration analysis indicates that there is presence of both long-run and short-run relationship between the three variables in the Kingdom of Saudi Arabia. The result of the VECM Model reflects that both economic growth and gross capital formation have a negative impact on urban population in the short run. According to the Granger-Causality tests, there is unidirectional causality with the urban population by both gross capital formation and economic growth. Also, the result of the Granger Causality tests show that there is unidirectional causality between economic growth and gross capital formations.

• 농업과학연구
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• 제50권2호
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• pp.305-305
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• 2023

• KDI Journal of Economic Policy
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• 제43권3호
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• pp.33-53
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• 2021

The import content of exports (ICE) is defined as the amount of foreign input embodied in one unit of export, and it has been used as a measure of the degree of integration into the global production network. In this paper, we suggest an alternative measure based on the decomposition of gross output and imports into the contributions of final demand terms. This measure considers the manner in which a country manages its domestic production base (gross output) and utilizes the foreign sector (imports) simultaneously and can thus be regarded as a more comprehensive measure than ICE. Korea's input-output tables in 1970-2018 are used in this paper. These tables were rearranged according to the same 26-industry classification so that these measures can be computed with time-series continuity and so that the results can be interpreted clearly. The results obtained in this paper are based on extended time-series data and are expected to be reliable and robust. The suggested indicators were applied to these tables, and, based on the results we conclude that the overall importance of the global economy in Korea's economic strategy has risen and that the degree of Korea's integration into the global production network increased over the entire period. This paper also shows that ICE incorrectly measures the movement of the degree of integration into the global production network in some periods.

• KSLA Bulletin
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• 통권6호
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• pp.77-85
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• 2014

• 한국콘텐츠학회논문지
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• 제16권7호
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• pp.382-397
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• 2016

본 연구는 독일이 통일 후 사회적 통합을 이루기 위해 노력한 여러 가지 방안 중에서 동독지역의 경제적 안정체제를 확립하기 위한 노동력 재생산을 어떻게 만들었는지, 그 교훈과 시사점을 중심으로 이루어지고 있다. 이러한 분석은 한국이 점진적으로 안정된 평화통일을 하든, 갑작스러운 북한의 붕괴로 인한 흡수든, 어떠한 통일 상황에서도 남 북 전체의 경제적 안정을 통한 사회통합이 이루어질 수 있도록 민족의 화합과 동질성 회복, 정체성 확립을 위해 무엇보다도 새로운 교육체제통합의 변화를 추구하는 것이 절대적으로 필요함을 강조하였다. 특별히 북한 주민과의 사회적 통합을 위한 북한지역 노동시장과 경제생활의 안정화를 위해 직업교육의 역할과 방향을 모색하는 것이 이 연구의 목적이다. 우선 통일 후 동 서독의 사회통합과정에서 나타난 경험, 즉 사회적 안정과 경제생활을 위한 직업교육 정책의 추진과정에 대한 선험적인 사례를 살펴보았다. 동독과 서독지역의 직업교육의 차이와 통합 추진 체계 과정 분석은 물론, 통합을 위한 직업교육 정책의 성과와 문제점을 파악하였다. 동 서독 각자 직업교육의 특별한 여러 차이점 속에서도 이원화제도라는 유사한 하나의 체제를 공통점으로 찾아 협력하면서 노동시장의 통합과 경제적 안정화를 위한 새로운 직업교육정책을 이끌었다. 그러나 경제사회적 통합을 위한 서독의 지원에도 불구하고 동독지역이 이를 수용하기에는 역부족으로 나타나 정책실폐의 결과를 보기도 했다. 이러한 논의를 바탕으로 남 북 통일을 대비한 차원에서 진정한 내적통합을 이루기 위해 북한 주민들의 자립, 자활을 촉진시키고, 노동시장의 안정화와 경제생활을 이끌어갈 수 있는 직업교육의 효과적 방안들을 제안하고자 하였다.

• 현장농수산연구지
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• 제25권2호
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• pp.20-29
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• 2023

This study suggests integration scheme for agricultural governance of South and North Korea after unification by comparing and analyzing their current agricultural governance, assuming drastic changes of economic system in integration process after unification. The North Korea's critical food shortage will force reformation of its agricultural governance to be the top priority in integration process after unification. The agricultural governance of South and North Korea has comparable structures. However, the North Korea's agricultural governance is extremely inefficient because it is established for political purposes. The integration scheme suggested includes expansion of Rural Development Administration, integration of research institutes, establishment of branch of Korea National University of Agriculture and Fisheries, transformation of existing North Korea's organization into South Korea's system and preparation of training programs for North Korea's officials.

• The Journal of Asian Finance, Economics and Business
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• 제7권3호
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• pp.277-287
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• 2020

The study examines the impact of international integration on Vietnam's rural and urban income inequalities using the regression model. The data used for this study is based on the results of the Vietnam Household Living Standards survey from 2008 to 2016 of the General Statistics Office. These surveys conducted nationwide with a sample size of 46,995 households in 3,133 communes/wards which were representative at national, regional, urban, rural and provincial levels. The level of international economic integration used in the study is the proportion of import and export turnover of GDP, the proportion of FDI and GDP by province. Due to the heterogeneity and unobservableness of the single observant in the data set, we selected the models of random and fixed effects. The research results show that during the economic integration process, the Export/GDP factor is negatively related to income inequality. The remaining factors (GDP per capita, FDI/GDP, Educational level of households, Percentage of internet users, Aggregation of foreign cash inflow and GDP of the province) are all positively related to income inequality. The findings help assess the impact of international integration on rural-urban income inequality, but also provides a concrete basis to help policymakers address income inequality in the integration process.

• 한국사회정책
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• 제24권2호
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• pp.217-244
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• 2017

이 연구는 다양한 문화적 분화도를 보이는 OECD 회원국을 대상으로 객관적 지표를 이용해 각국 이민자의 사회통합을 1)선주민과 비교한 상대적 기준과 2)이민자의 복지수준을 고려한 절대적 기준에서 비교분석하려는 목적으로 이루어졌다. 복수의 국제 데이터를 통합한 2차 데이터를 이용했으며 주요 변수 사이의 산점도를 산출하여 이민자 사회통합의 국가별 지형을 분석했다. 분석결과에 의하면, 상대적 기준의 사회통합은 전통적 이민국 레짐에 해당하는 호주, 캐나다, 미국이 이상적인 국가들로 나타났다. 절대적 기준의 사회통합이 높은 국가는 전통적 이민국 레짐과 적극적 이민국 레짐이 혼합된 형태를 보였다. 상대적 기준과 절대적 기준 모두에서 이민자의 사회통합 수준이 비교적 높은 국가는 전통적 이민국 레짐과 아일랜드, 포르투칼, 슬로베니아 등 일부 신이민국 레짐에 속한 국가들로 나타났다. 이와 같은 결과는 이민자의 사회통합은 이민국 레짐으로 대표되는 이민정책이나 문화적 분화도를 통해 설명할 수 있는 부분은 제한적이며, 이민자의 사회통합은 개별국가의 사회보장정책 등을 함께 고려해 이해되어야 함을 시사했다.