• 무역학회지
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• 제41권5호
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• pp.89-111
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• 2016

Mega-FTA는 양자간 FTA와 달리 선진국을 포함한 신흥경제국이 하나의 단일시장에서 규모의 경제를 확대하고자 하는데 목적이 있다. 양자간 FTA는 협상을 통해 자국의 산업뿐만 아니라 국가 간 연관 산업도 고려하여 원산지 기준과 특혜 관세율을 조정하기 때문에 경쟁력이 있는 특정산업은 역내 시장 확대와 더불어 외국인 투자나 국내재투자도 기대할 수 있다. 이와는 반대로 Mega-FTA는 다수의 참여국이 동일한 특혜세율 하에서 경제규모를 확대해야 하므로 양자간 FTA와는 달리 참여국들의 경쟁우위요소를 복합적으로 활용하여야만 협정의 효과를 극대화 할 수 있게 된다. 즉, Mega-FTA에서는 양자간 FTA의 보충기준인 누적기준의 활용 여부가 협정의 성패를 좌우하는 중요한 FTA 활용 증진 요소이다.

• The Journal of Asian Finance, Economics and Business
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• 제5권2호
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• pp.73-79
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• 2018

The purpose of this study is to explore how small and medium enterprises in India has identified the opportunities and challenges in adopting the Web 3.0 technologies to improve their productivity and efficiency. After an in-depth literature review, researchers framed a semi-structured questionnaire with open-ended questions for collecting responses from managers working in 40 Indian SME's representing five key economic sectors. The collected data was analyzed, and themes were encoded using the NVivo 11 computer-assisted qualitative data analysis software. Content analysis was used to analyze the data collected with the semi-structured interviews. This study identified five key themes and 12 subthemes illustrating the key advantages and challenges as perceived by the managerial leadership of SMEs. The five key themes identified in this study include integration of data and services, the creation of new functionalities, privacy and security, financial and technological challenges, and organizational challenges. The results of this study will benefit the organizational leadership of SMEs in planning and developing their short-term and long-term information systems strategies and will enable SME leaders to make optimal use of their information technology assets, improving the productivity and competitiveness of the firms. Web 3.0 technologies are considered as emerging technologies, so the advantages and challenges of using these technologies for SMEs have not been explored in the context of emerging economies, such as India.

• The Journal of Asian Finance, Economics and Business
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• 제7권2호
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• pp.281-289
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• 2020

This research analyses the challenges facing SMEs in Oman in their quest for internationalization. The study is based on the OECD Model of Internationalization put forward in the report titled "How to Foster the Internationalization of SMEs through the Pacific Alliance Integration Process" which focuses on four factors namely finance, business environment, firm capabilities and market access, which are appropriate for an emerging economy like Oman. This study used a descriptive and quantitative research design in attempting to analyze the challenges being faced by Omani SMEs in their endeavors to internationalize. The research investigates causal relationship between variables using positivist and deductive approach. Data collected from 102 respondents was analysed by Structural Equation Modeling(SEM) using AMOS. It was found that finance availability was the most significant predictor of internationalization challenges followed by market access and business environment, while firm capabilities had no impact. Thus SMEs need easier access to credit and have to develop their international business networks and their marketing capabilities in order to grow internationally. Keeping in mind the contribution made by SMEs the government has to intervene by opening up easy lines of credit to SME exporters and allowing them relaxations in customs and other duties.

• The Journal of Asian Finance, Economics and Business
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• 제9권4호
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• pp.409-417
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• 2022

This research uses a panel data set of selected developed and emerging economies to investigate the relationship between firm value and the Islamic label. A low-debt company is a proxy for excellent governance, and good governance has a significant positive impact on a company's valuation. We can claim that the Islamic label may also be a proxy for excellent governance and will significantly impact a company's economic value because it reflects low debt Sharia-compliant companies. To explore this relationship, cross-country data from non-financial enterprises in Pakistan, the United States, Malaysia, and Indonesia was acquired from 2010 to 2015. The study's findings indicate that the Islamic label has a positive significant impact on the firm's worth in the whole sample, including all countries. With the exception of the United States, we have also collected the same information at the country level. We also discovered that the corporate governance index at the firm level has a positive significant impact on firm value. The findings show that the Islamic label reflects good governance and hence can be used as a proxy for good governance. The analysis differentiates between Islamic labeled and conventional enterprises in developed and emerging nations, adding to our understanding of who contributes to enhanced corporate financial performance.

• 국제지역연구
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• 제15권3호
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• pp.349-368
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• 2011

신흥시장국의 약진과 함께 세계경제의 다극화체제(Multipolar World Economy)가 뚜렷해지면서 새롭게 부상하는 신흥시장국의 경제력을 반영하여 이들 국가의 통화를 국제화하려는 시도가 전개되고 있다. 한편 현재 국제통화의 흐름을 보면 그 자격요건과 실질적 위상의 불일치가 존재함을 발견할 수 있는데, 신흥시장국의 통화는 세계경제에서 차지하는 경제규모 및 교역량에 비해 실제위상이 과소평가된 상황이다. 본 연구에서는 5개 주요 국제통화(달러, 엔, 유로, 파운드, 스위스프랑)를 대상으로 국제통화의 결정요인에 대한 실증분석을 시도하였다. 분석결과 경제규모, 무역규모, 그리고 물가 및 환율 안정이 가장 크게 영향을 미치는 것으로 나타났다. 이 결과를 바탕으로 향후 국제통화의 모습을 전망해 볼 때 중국 위안화가 새로운 국제통화로 부상할 가능성이 큰 것으로 확인되었다. 따라서 우리나라는 중국 위안화의 국제화 가능성을 염두에 두고 역내 경제통합과 더 나아가 통화통합 등의 이슈를 선점할 필요가 있다.

• East Asian Economic Review
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• 제16권3호
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• pp.249-272
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• 2012

This paper examines how a Korean automobile firm price-discriminates between the Korean and the U.S. markets. We argue that a Korean automobile firm's pricing behavior depends on the differences in price elasticity over the segmented markets between the countries. Our findings are that differences in price elasticity may help explain why a medium-class car's price is higher in Korea than that in the U.S. while a small-sized car's price is higher in the U.S. than in Korea, which implies that a Korean automobile firm $3^{rd}$ degree price-discriminates on the same or similar products between Korea and the U.S. This type of $3^{rd}$ degree price discrimination differs from a typical home-bias effect (charging higher prices to domestic consumers) because a small-sized car which is produced domestically sells at higher price abroad. This finding can be added as a source that violates the law of one price.

• KDI Journal of Economic Policy
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• 제34권1호
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• pp.1-27
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• 2012

본 연구는 거시건전성 감독의 정의 목적, 통화신용정책과의 보완, 상충 관계 및 효과를 분석하고 있다. 한국의 경험을 살펴보면 금융안정을 위한 LTV나 DTI의 감독효과는 분명히 나타나지 않는다. 더구나 물가가 안정되어 있는 여건에서 금융시장의 불안이 심화되는 경우, 거시건전성감독과 통화신용정책은 서로 상충되는 결과를 초래할 수 있다. 이러한 불합리성을 최소화하기 위해서는 중앙은행, 감독당국, 그리고 재정정책의 주체 간의 정책조정이 선행되어야 한다.

• East Asian Economic Review
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• 제17권2호
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• pp.129-159
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• 2013

Over the course of the recent global financial crisis, emerging economies experienced massive swings in capital inflows. In this paper, we estimate a VAR model to assess the impact of capital inflow shocks, which are identified using a set of sign restrictions, on house prices in Korea. We base the analysis on three alternative measures of capital inflows: net total inflows, net portfolio inflows and gross total inflows. The results suggest that capital inflow shocks have a significantly positive and persistent effect on real house prices. Although shocks to capital inflows are found to be substantially more important for Korean asset markets than for other OECD countries, their overall explanatory power is modest. Using regional house price data we also show that capital inflow shocks have an asymmetric effect on property markets across the seven largest Korean cities and across different parts of Seoul.

• Asian Journal of Innovation and Policy
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• 제11권1호
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• pp.30-49
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• 2022

As industrialized countries transition into knowledge economies, there is a rising demand for talent and innovation. Support for start-ups through incubation, acceleration, and venture capital has turned into a key area of investment, with public and private actors searching for the next unicorn. This article examines start-up visas as an emerging policy tool in the global competition for highly innovative entrepreneurs. The study builds on a sample of eight national start-up immigration programs and applies human-capital citizenship (Ellermann, 2020) as a guiding framework. The article first proposes a conceptualization of start-up visas, suggesting that innovation and entrepreneurship also be considered in the theorization of skills. Second, the study examines the implications of start-up visas for international mobility. By focusing on the logic of entry requirements and subsequent benefits accrued through the status as a start-up founder, the findings of this study highlight the role of start-up visas in expanding privileged pathways to cross-border mobility. The article concludes with a discussion of implications for policy and research concerned with the international mobility of start-ups

• 국제학술발표논문집
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• The 2th International Conference on Construction Engineering and Project Management
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• pp.684-693
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• 2007

The construction industry is a significant component of many economies and typically contains a high proportion of small and medium enterprises. However, it is generally understood that this industry is fragmented, adversarial, not highly innovative and not quick to respond to change. At the same time, the industry is under pressure to continue to embrace new technologies and methods, and to adapt better to current and emerging global issues such as sustainability. In order to meet these challenges, firms in the industry need to understand the issues involved and manage their practices accordingly. This paper describes exploratory research into the role of innovative and environmentally sustainable design and construction practices in one group of construction firms, viz., smaller residential building firms in Queensland, Australia.