• Title/Summary/Keyword: foreign policy factors

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The Impact of Income Inequality on Economic Growth: Empirical Evidence from Vietnam

  • HIEN, Luong Quang
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.305-312
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    • 2022
  • Each country's economic progress creates opportunities for its citizens to raise their income. Meanwhile, the country has secured the people's social security policies, particularly the protection of income equality, to promote harmonious and sustained economic development. Vietnam has been located in a dynamic economic development area in Southeast Asia since the 1986 economic reforms, with an annual growth rate of around 7%. Meanwhile, having achieved a middle-income status of roughly 3500 USD per person per year, Vietnam is attempting to maintain income equality and access to welfare systems for its inhabitants. As a result, the primary goal of this study is to use an autoregressive distributed lagged model to investigate the effects of income inequality and other economic factors such as foreign direct investment and trade openness on Vietnam's economic growth from 1992 to 2019. The research focuses attention on literature on income inequality, economic development indicators, and economic development in unique ways in this study. Income inequality slows the rate of change in economic development in the same year, according to our findings. Finally, the study will make policy suggestions to the Vietnamese government.

Analysis of Influence Factors and Current Conditions for Korean Railway Export (철도산업 해외진출 영향요인과 여건 분석)

  • Mun, Jinsu
    • Journal of the Korean Society for Railway
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    • v.19 no.3
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    • pp.363-372
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    • 2016
  • This study identifies influence factors for Korean railway export and analyzes the importance and competitiveness of the factors. This study also suggests policy directions for each factor and analyzes the current situation of the Korean railway industry. All influence factors identified in this study turned out to have high levels of importance. Influence factors with higher importance levels for each field are as follows: man-power/experience and skill/technology in the engineering field; price, information and man-power/experience in the construction field; and information, technology, and price in the manufacturing field. However, the level of competitiveness of the factors turned out to be low. This study also suggested policy directions for each influence factor: overall, they turned out to have high levels of importance. Policy directions with high importance for each field are as follows: strengthening overseas' human network, training/educating experts for overseas projects, and accumulating experiences through Official Development Assistance projects in the fields of engineering and construction; and cost reduction and strategical cooperation with foreign companies in the manufacturing field. However, interviewees' satisfaction levels for each policy area turned out to be low. Finally, policy measures for Korean railway export for each influence factor were suggested.

Depressive stress related symptoms and associated factors among marriage immigrant women: Focused on risk factors and protective factors (결혼이주여성의 우울 스트레스 증상과 그 영향 요인: 위험 요인과 보호 요인을 중심으로)

  • Cho, Wonsup;Yoo, Seunghyun
    • Korean Journal of Health Education and Promotion
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    • v.34 no.1
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    • pp.47-65
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    • 2017
  • Objectives: This paper aims to identify depressive or stress related symptoms and its associated risk and protective factors among marriage immigrant women in Korea. Methods: The study participants were 490 immigrant wives from '2012 Survey of Foreign Residents in Korea'. The participants completed self-administered questionnaires on socio-demographics, health status, family members' related factors, and other environmental factors. Results: Difficulties on child nursing, finance, family conflict, and experience of physical or verbal violence were significant risk variables to the depressive stress related symptoms. Family life satisfaction, discussion about troubles with Koreans, healthy status, social trust, and discussion about troubles with people from home country were the significant protective variables to mental health. However economic activities were not protective factors but risk factors. Conclusions: Mental Health promotion programs for marriage immigrant women and their family members need to consider the family and community related protective mental health factors and develop supportive system with pre-existing programs and policy modification.

Japan's Export Regulations and Korea's Investment Attraction Strategy: Focusing on the Parts and Materials Industry

  • Lee, Min-Jae;Jung, Jin-Sup;Lee, Jeong-Eun
    • Journal of Korea Trade
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    • v.24 no.3
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    • pp.55-72
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    • 2020
  • Purpose - In this paper, we provide recommendations for Korea's long-term direction and strategic measures to attract inward foreign direct investment (FDI) in response to Japan's export regulations. In doing so, we analyze the current situation and characteristics of trade between Korea and Japan, focusing on the parts and materials industry, which is particularly affected by Japan's trade regulations. Design/methodology - Based on the analysis of five successful inward FDI cases (e.g. Toray, IGK, Delkor, GlobalWafers, DuPont) and statistic trend review in the parts and materials industry, we consider various factors pertaining to successful inward FDI in Korea and propose valuable investment attraction strategies. Findings - For a successful investment attraction strategy, we studied some statistical trends in the internal and external environments of the parts and materials industry and successful investment attraction cases in Korea. We have found that in order to increase the probability of success in attracting investment, we need a mid-to long-term strategy considering multiple factors such as "Production-oriented, Demand-linked, Global Value Chain (VGC) linked, and Policy-linked investment attraction." Originality/value - We suggest several specific measures and important strategic implications for the Korean government and firm's managers to attract inward FDI successfully.

Choice Factors of Freight Transport Mode in Korea: Literature Review and Directions for Future Research (국내 화물운송수단 선택요인의 문헌 연구와 향후 연구 방향)

  • Choi, Chang-Ho
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.17 no.4
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    • pp.1-13
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    • 2018
  • The present study was conducted to analyze transport mode choice factors of shippers in Korea and to suggest policy implications and directions for future research. The findings showed that the research on freight mode choice factors in Korea is somewhat insufficient compared to that of other countries. In order to enhance the research, it is necessary to expand the number of studies and to strengthen the research to reflect characteristics of each transport mode. In particular, it is necessary to focus on identifying the characteristics of multimodal transport, including railway and shipping linked to truck. On the other hand, it was confirmed that the major factors influencing the choice of transport mode of shippers in Korea overlapped with foreign research cases. In addition, the implications for policy were derived when the analysis was separately conducted for Korea and other countries regarding individual transport mode and transport range. These results could be applied to various fields such as policy making to improve the efficiency of shippers' selection of transport mode and the estimation of transport mode choice model.

The Comparative Analysis of Gambling Media System in the Construction of a Large Technological System (기술시스템 (Large Technological Systems) 이론구조를 활용한 경마방송 비교연구)

  • Jung, Kuhyun;Seo, Myeong-Cheon;Cho, Kyu-Dong
    • Journal of Broadcast Engineering
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    • v.20 no.2
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    • pp.273-282
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    • 2015
  • This study was to analyze the gambling media system, one of important factors in horse racing industry. The purpose of this study is to show a vision in special field of horse racing industry, which is examined as comparative analysis on domestic and foreign gambling media system in terms of Large Technological Systems by Hughes(1987). This study approaches in two different viewpoints. First, this study is to conceptualize the subjects of study in Large Technological System. Second, this study is to show common factors and differences on domestic and foreign gambling media system through conceptualization. This paper shows vision and implications like faster decision-making by authority's direct operating, competitive content development, future policy in accordance with the international open-door policy and broadcasting convergence for the balanced development of horse industry through the gambling media system, analyzing reverse salient which is the barrier of domestic gambling media system from comparative study.

A Study on Foreigners' Korean Language Learning Experiences through Design Thinking Analysis (디자인 사고 분석을 통한 외국인의 한국 언어 학습의 연구)

  • Lee, Pei Zhi;Kim, Boyeun
    • Journal of Digital Convergence
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    • v.15 no.5
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    • pp.345-351
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    • 2017
  • The international status of the Korean language has been elevated as the demand for studying the language among foreign students has grown sharply over the past few years. Unfortunately, foreign students face difficulties in learning the language, conflicts are also deepening between Korean and foreign students. Using Erin Sander's design research spiral, this paper investigates foreigners' Korean language learning experiences, identify the main cognitive and affective factors influencing their learning process. Research findings collected with the design analysis revealed needs and insights that offer opportunities relevant specifically for the conception, design and development of new products and services related to Korean language learning.

Labor Force and Foreign Direct Investment: Empirical Evidence from Vietnam

  • NGUYEN, Cung Huu
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.103-112
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    • 2021
  • The labor force plays an important role in attracting foreign direct investment (FDI) both in developed and developing countries. In countries where there are appropriate policies for training human resources and maintaining the health of human resources, such countries have a competitive advantage and can attract FDI inflows, besides having a workforce to meet the needs of foreign investors. The purpose of this paper is to analyze the effect of the labor force and several other factors on FDI attraction in Vietnam. The empirical model is employed to perform regression and correlation on the impact of the labor force, real gross domestic product, inflation, index of business freedom, and index of investment freedom on Vietnam's FDI attraction by using a secondary time series data set during the period 1995-2018. The empirical results found that both labor force and inflation have a positive influence on FDI at a 5% significance level; index of business freedom has a positive impact on FDI at a 10% significance level, and real gross domestic product and index of investment freedom have a positive impact on FDI at a 1% significance level. From these results, this study proposes several important policy implications for Vietnam in attracting FDI in the future.

Determinants of energy efficiency in Sub-Saharan Africa

  • Acquah, Patience Mensah;Sun, Huaping;Alemzero, David Ajene;Li, Liang
    • Asia Pacific Journal of Business Review
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    • v.5 no.2
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    • pp.19-44
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    • 2021
  • Sub Saharan Africa (SSA) is receiving increased investments in the energy sector under the belt and road initiative (BRI) project since its inception in 2013. SSA has a worse energy efficiency ratio coupled with deficient electricity access, through analysis showed varied impacts on the SSA countries due to the BRI initiative. This study dilves into the influencing factors for Energy Efficiency (EE) in 38 SSA countries, applying the probit and logit approach for 2000-2018. The Multiple-regression model shows significant results of some variables such as foreign direct investment, gross domestic product, and port infrastructure quality being significant on EE under BRI initiative countries. However, the logit and probit models produce similar results and the marginal effect for the entire variable, except energy imports that do not likely impact EE. Furthermore, the interaction of quality of port infrastructure and foreign direct investment variables produces significant results, highlighting the increased investments SSA receives under the BRI initiative in the energy and transport sectors. The model Percent correctly predicted (PCP) value was about 84%, indicating it correctly classified the variables and about 16% not classified. The study recommends EE performance standards should be incorporated on energy projects in SSA to ensure that these projects are energy efficient and decouple SSA's energy demand from economic growth. The research proffers suggestions for policy regarding the BRI initiative in SSA and the implications on sustainable energy and building a community with a shared future.

The Impact of Investments on Economic Growth: Evidence from Vietnam

  • NGUYEN, Khang The;NGUYEN, Hung Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.345-353
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    • 2021
  • The impact of investment on economic growth has been studied by many authors around the world with different times and research methods. Therefore, there are conflicting opinions about the impact of investment on economic growth. To contribute empirical evidence, the objective of this study is to assess the impact of investment sources such as public investment, private investment, and foreign direct investment on economic growth in Vietnam in the short-run and long-run. The data used for the study is panel data from 63 Vietnamese provinces between 2000 and 2020. The inquiry method is PMG (Pool Mean Group) regression for economic growth (GDP) after testing the stationarity of the variables that meet the PMG regression condition as suggested by Pesaran et al. (1996) and Hamuda et al. (2013). The results show that: factors such as labor and trade openness have a negative impact on economic growth in the short term. In the long run, public investment has a negative effect on economic growth, while domestic private investment, foreign direct investment, trade openness, and labor have positive effects on economic growth. Labour contributes the most, followed by trade openness, foreign direct investment, and domestic private investment. Finally, the study provides policy implications for the Government of Vietnam.