• Title/Summary/Keyword: financial development

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Determinants of Economic Growth in Indonesia: A Dynamic Panel Model

  • BASUKI, Agus Tri;PURWANINGSIH, Yunastiti;SOESILO, Albertus Maqnus;MULYANTO, Mulyanto
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.147-156
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    • 2020
  • This study aims to analyze the effect of public spending, macroeconomic variables, and BPK opinion on economic growth. This study is motivated by the inequality of fiscal policy effectiveness between regions in Indonesia in influencing the economic growth of different regions, the ability of local governments to attract foreign investors, and the transparency of regional financial management in designing development programs to encourage regional economic growth. The analytical tool in this study is a dynamic panel regression model with data from 2008 to 2017. The results of this study show that, in the short term, the population affects regional economic growth, while in the long term, the economic growth is affected by the number of people, the poor, General Allocation Fund, health budget, foreign investment and BPK opinion. The findings of this study are that in the long term the General Allocation Fund becomes an obstacle to economic growth, this is because the general allocation funds is widely used to cover the lack of funds for routine regional activities, thereby reducing activities for development programs. Another research finding is that fiscal policies carried out by local governments make a small and ineffective contribution to promoting economic growth.

Design and Application of PMO-Based Project Management Systems (PMO 기반 프로젝트 관리 시스템의 설계 및 적용)

  • Jeong, Cheon-Su;Kim, Seung-Ryeol;Kim, Nam-Gyu
    • The Journal of Information Systems
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    • v.20 no.4
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    • pp.119-143
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    • 2011
  • Recently, Information System (IS) development projects such as the next generation IS project of the financial business domain have shown tendency to become large and complex. Accordingly, a large number of enterprises have introduced a Project Management Office (PMO) to successfully manage multiple complex large-scaled projects. Many researches and empirical studies have proved the positive results of PMO-based projects. For example, most PMO-based projects have been accomplished successfully without exceeding the planned deadline and budget. However, even in the case of PMO-based projects, participants are still supported by legacy Project Management Systems (PMS) developed without considering the PMO. It implies that recent large projects are hardly performed efficiently because of the large gap between the legacy PMS tools developed only for single small projects and the real process of PMO-based project management. Therefore, we attempt to design and develop a PMO-based PMS in which the role and responsibility of PMO are completely implemented. To demonstrate our systems practicality, we applied the devised system to the real project management cases of "K" bank in The Republic of Korea. According to the results of case analysis, all of the four projects supported by our PMO-based PMS have been completed without exceeding planned deadline and budget, and the quality of their final outcome is appraised to be superior.

A study on the problematic direction of health promotion in Korea - focusing on the importance of health education (한국 건강증진 사업 방향의 문제점에 관한 연구 -보건교육의 중요성을 중심으로-)

  • 김대희
    • Korean Journal of Health Education and Promotion
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    • v.17 no.2
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    • pp.219-228
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    • 2000
  • The fundamental hypothesis of health promotion is that the modification of behavior to better fit practices associated with health will in fact increase health and longevity. Therefore, it is in general said that the most important thing to health promotion is the practice of health education which can result in the change of human behaviors. The National Health Promotion Fund is the financial resource of health promotion programs in Korea. The budget for health education of the fund accounted for 0.58 billion won out of the health promotion budget, 29.5 billion won in 1998. It has been the smallest out of 4 categories of health promotion programs from 1998 to 2000. What is worse, only 0.26 billion won was spent on health education in fact. It was less than a half of the budget for health education. In addition to it, the budget for the development of health education material was 0.17 billion won in 1998. But it was not spent on the project at all. And the project of educational material development got no budget in 1999. The Korean health promotion needs to enlarge the portion of community health education services drastically in order to attain the proper behavioral change of the people in the future.

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Determinants of Stock Market Participation Decision: The Case of Korean Households (한국 가계의 주식시장 참가 결정요인 분석)

  • Lim, Kyung-Mook
    • KDI Journal of Economic Policy
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    • v.26 no.1
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    • pp.35-69
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    • 2004
  • Using household survey data set during 1993~1998 period, this paper analyzes patterns and determinants of household stock market participation. The results shows that the age profile of stock market participation in Korean household is humped-shaped as in other developed countries. Also, households with a higher level and lower variability of income, bigger financial asset, and higher education level are more likely to be stockholders. The stock market participation rate of the self-employed is substantially lower than that of the employed. In Korea, the high proportion of self-employed among total labor force seems to lower the stock market participation rate.

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A Study on the Risk Management of e-Finance by Active Internet (인터넷활성화에 따른 전자금융위험에 대한 대응방안과 정책 연구)

  • Song, Keyong-Seog
    • Journal of Digital Convergence
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    • v.8 no.2
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    • pp.189-202
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    • 2010
  • Although e-Finance has become more and more prevalent in everyday life, with the development of information technology, further development of e-Finance and commercial transactions has been limited. Therefore it is important for financial institutions to be aware of the significance of e-Finance risk and take appropriate actions. And an effective risk management function relies on a well-defined organization structure to eliminate gaps and minimize overlaps in risk management duties, responsibilities, and authorities. It defines and assigns risk management responsibilities, authorities, and accountabilities to appropriate personnel. The adequate organization of the risk management function is very important in the success of risk management.

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Policy directions for parents of students with disability to invigorate smart education in special education (장애아동 부모 관점에서 스마트교육 활성화를 위한 정책적 방향에 대한 연구)

  • Han, Dong-Wook;Kang, Min-Chae
    • Journal of Digital Convergence
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    • v.12 no.3
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    • pp.63-68
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    • 2014
  • This study show that the policy direction to invigorate smart education for special education based on the view of parents of students with disability through AHP methodology. The result show that development of smart contents, supporting infrastructure, supporting teaching and learning, arrangement for legal basis and building smart education network are relatively important policy ordered by weights. The analysis of weights of sub-factors indicates that various smart contents development considering inability characteristics, the developments of smart devices considering accessibility and preparing legal basis for financial support are important to invigorate smart education for special students ordered by weights.

A Study on Digital Certification Based on the Electronic Commerce (전자상거래기반하의 전자인증에 관한 연구)

  • 황상규;이재달
    • Journal of Korea Port Economic Association
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    • v.19 no.1
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    • pp.223-245
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    • 2003
  • As a rapid development of electronic commerce transactions in these days, the security and private protection problems became more important matters under the electronic transaction base. Because electronic transaction using electronic documents be carried without direct person to person meeting, there can be the possibility to use other's identity illegally without notice, and very hard to verify authenticity of transaction as well. In addition, it is very hard to find out that the electronic documents on the process of submitting is forged documents or not, and also have much difficulty in maintaining transmitting secret. Therefore, to solve such problems on electronic commerce transactions and electronic documents, the digital signature and certification system with cryptography skill is inevitably necessary. As the wide use of digital signature together with beginning of digital government and financial transaction, not only the issuance of electronic certification, but certification market came to gradually expand. In Korea, after enacting digital signature act in 1999, the act contents were expanded to the wide range of contents complying with global standards from the end of 2001 to April, 2002, including the new clause of certification problems. And the act was put into operation now. Therefore, in this paper, we'd like to suggest development scheme through the investigation on electronic certification related problems, such as, concepts, procedures, service conditions here and abroad.

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A Study on Changing Trends of Bibliographic Instruction of University Library (대학도서관 이용교육의 발전경향 연구 - 미국 대학도서관을 중심으로 -)

  • 김병주
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.9 no.1
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    • pp.137-152
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    • 1998
  • The purpose of this study was to review today's development trends of library bibliographic instruction through historical assessment of U.S. university library bibliographic instruction development pattern. And the results of this study may be used in implementing the university library bibliographic instruction program in Korea. The major conclusions of this study are summarized as follows: . The bibliographic instruction had been affected by changing trend of higher education. . Early leaders had been understanding of higher education and were active in the library organization. . Related books and articles were much published continuously. . Library professional organizations supported and assisted these effort. . Received financial aid from the government and non-profit organization. . Effective educational techniques were developed. . Implemented computer-aided education together with audio-visual technique.

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An Information-based Forecasting Model for Project Progress and Completion Using Bayesian Inference

  • Yoo, Wi-Sung;Hadipriono, Fabian C.
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.4
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    • pp.203-213
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    • 2007
  • In the past, several construction projects have exceeded their schedule resulting in financial losses to the owners; at present there are very few methods available to accurately forecast the completion date of a project. These nay be because of unforeseen outcomes that cannot be accounted for earlier and because of deficiency of proper tools to forecast completion date of said project. To overcome these difficulties, project managers may need a tool to predict the completion date at the early stage of project development. Bayesian Inference introduced in this paper is one such tool that can be employed to forecast project progress at all construction stages. Using this inference, project managers can combine an initially planned project progress (growth curve) with reported information from ongoing projects during the development, and in addition, dynamically revise this initial plan and quantify the uncertainty of completion date. This study introduces a theoretical model and proposes a mathematically information-based framework to forecast a project completion date that corresponds with the actual progress data and to monitor the modified uncertainties using Bayesian Inference.

Services Innovation : Research Framework and Research Issues (서비스 혁신 연구 : 프레임워크와 연구이슈)

  • Kim, Kwang-Jae;Hong, Yoo-S.;Shin, Dong-Min;Cho, Nam-Wook;Jung, Jae-Yoon;Lee, Yeon-Hee;Park, Ha-Young;Hong, Jung-Wan;Kang, Wan-Mo;Shin, Ha-Yong
    • Journal of Korean Institute of Industrial Engineers
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    • v.35 no.4
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    • pp.226-247
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    • 2009
  • The competitiveness of the service sector is driven by its productivity. Services innovation is essential to enhancing service productivity. This paper first presents a framework for services innovation. The framework consists of three main phases of a service lifecycle (namely, service development, service operation, and service improvement), which are supported by IT infrastructure and service R&D management functions. This paper then identifies major research issues that should be investigated in the near future. The current issues of three representative service industries (namely, healthcare service, telecommunications service, and financial service) are also discussed.