• 제목/요약/키워드: gross domestic product

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A Study of the Correlation Between Nighttime Light and Individual Land Price by Province in South Korea, Using DMSP OLS Data (야간광과 남한의 시도별 개별 공시지가 총액의 상관관계 연구 - DMSP OLS 자료를 중심으로)

  • Bong Chan Kim ;Seulki Lee ;Chang-Wook Lee
    • Korean Journal of Remote Sensing
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    • v.39 no.5_1
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    • pp.729-741
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    • 2023
  • The Operational Linescan System (OLS)sensor is a sensor aboard satellites launched through the Defense Meteorological Satellite Program (DMSP) that detects light in the visible and infrared bands emitted at night. Studies by several researchers have shown a high correlation between nighttime light data from OLS sensors and gross domestic product values. In this study, we investigated the correlation of nighttime light data with the total amount of individual land prices, which is one of the various indicators related to economic development. The study found that most cities and provinces showed a high correlation with a correlation coefficient of more than 0.7, and the correlation coefficient of 0.7837 between the total amount of individual land price and nighttime light data for the entire South Korea was also high. However, unlike other cities and provinces, Seoul has a low correlation coefficient of 0.5648 between nighttime light and the total amount of individual land price, which is analyzed as a reason that the digital number value of the OLS sensor is close to the maximum value and cannot show further brightness changes. This study is expected to help identify announced land prices in areas where announced land prices are not systematically organized and to analyze land use changes in such areas.

A Study on Development of Model for Evaluating Service Quality on Food Service Industry - Focused on Fastfood Sector - (외식산업의 서비스품질 평가모형 개발에 관한 연구 - 패스트푸드 분야를 중심으로 -)

  • Choi, Yong-Jung;Jung, Sang-Yun;Kwon, In-Ho
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.7 no.2
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    • pp.77-90
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    • 2012
  • As the influence of service industry into domestic economy is increasing, it also has been influenced more powerfully at the domestic GDP(Gross Domestic Product) relative importance and employment relative importance continuously. By means of these reason, the Korean government announced the synthetic countermeasure for strengthening the competitive power of service industry in December, 2006. After then, it announced phase I of 'service industry advancing plan' which is concrete execution plan in April, 2008. Also, it is announced to announce phase II plans in september, 2008 and phase III plan in December, 2008 additionally. Service quality is the most powerful competitive means at service marketing and a key point for improving service productivity. The improvement of service quality has considerable influence on survival and profitability of service industry. Therefore, the study of objective service quality measurement in service industry is very important issue. The purpose of this study is to suggest a measurement model of service quality using fuzzy theory and AHP which measuring service quality objectively in subjective environment. It is expected that this study will help the improvement of competition power of service industry as well as establishment of effective decision-making.

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2015 National Health Accounts and Current Health Expenditures in Korea (2015년 국민보건계정과 경상의료비)

  • Jeong, Hyoung-Sun;Shin, Jeong-Woo
    • Health Policy and Management
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    • v.27 no.3
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    • pp.199-210
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    • 2017
  • Background: This paper aims to demonstrate current health expenditure (CHE) and National Health Accounts of the years 2015 constructed according to the SHA2011, which is a new manual of System of Health Accounts (SHA) that was published jointly by the Organization for Economic Cooperation and Development (OECD), Eurostat, and World Health Organization in 2011. Comparison is made with international trends by collecting and analysing health accounts of OECD member countries. Particularly, financing public-private mix is parsed in depth using SHA data of both HF as financing schemes as well as FS (financing source) as their revenue types. Methods: Data sources such as Health Insurance Review and Assessment Service's publications of both motor insurance and drugs are newly used to construct the 2015 National Health Accounts. In the case of private financing, an estimation of total expenditures for revenues by provider groups is made from the Economic Census data; and the household income and expenditure survey, Korean healthcare panel study, etc. are used to allocate those totals into functional classifications. Results: CHE was 115.2 trillion won in 2015, which accounts for 7.4 percent of Korea's gross domestic product. It was a big increase of 9.3 trillion won, 8.8 percent, from the previous year. Government and compulsory schemes's share (or public share) of 56.4% of the CHE in 2015 was much lower than the OECD average of 72.6%. 'Transfers from government domestic revenue' share of total revenue of HF was 17.8% in Korea, lower than the other contribution-based countries. When it comes to 'compulsory contributory health financing schemes,' 'Transfers from government domestic revenue' share of 14.9% was again much lower compared to Japan (44.7%) and Belgium (34.8%) as contribution-based countries. Conclusion: Considering relatively lower public financing share in the inpatient care as well as overall low public financing share of total CHE, priorities in health insurance coverage need to be repositioned among inpatient care, outpatient care and drugs.

Exploring the Performance of Australian Construction Industry in a Recent Global Recession

  • Alfred, Olatunji Oluwole
    • Journal of Construction Engineering and Project Management
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    • v.1 no.3
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    • pp.1-8
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    • 2011
  • Available data on the recent global financial crisis (GFC) show that it lasted between the second quarter (Q2) of 2007 and the fourth quarter (Q4) of 2009. Australia is one of the first economies to fully recover from this crisis. This study explorles the role played by the Australian construction industry in stimulating economic growth during the recession. In order to investigate the macro-variability trend during the financial crisis, data were collected and analysed relating to the quarterly GDP of Australia and selected countries between Q1 2000 and Q4 2009. Specifically, changes in the construction industry's GDP were compared with aggregate GDP changes in Australian economy and similar indices in the 'Group of 7' (G7) countries and Organisation for Economic Co-operation and Development (OECD) countries. Moreover, specific attention was focused on Germany, France, Japan, United States of America (USA) and United Kingdom (UK). Graphical and Pearson's correlation methods were used to analyse the relationships between changes in construction GDP and Australia's overall economic growth during the recession. In addition, an attempt was made to develop a regression model for predicting economic growth during the recent recession using changes in gross fixed capital formation (GFCF), changes in construction GDP and the impact of these changes on national economy. Analysis shows a slight contraction in construction activities during the crisis; however construction triggered significant growth in the economy during the crisis period and afterwards. This appears to be the major difference between Australia and other major economies that have experienced a longer recession.

Comparison between Different Industrial GDPs to Understand the Importance of the Industry: Focusing on the Food, Medical & Drug Industry (산업별 GDP 중요도 비교 분석: 식의약 산업 부문 GDP를 중심으로)

  • Kim, Sohye;Kim, Jinmin;Kim, Jaeyoung;Kang, Byung-Goo
    • Knowledge Management Research
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    • v.22 no.4
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    • pp.103-118
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    • 2021
  • Gross Domestic Product(GDP) is affected by the economic power of each industry. Therefore, using statistical data related to the food and drug industry, we tried to determine the proportion of GDP and analyzed the impact of the food, medical & drug industry on the domestic economy through comparison with other industries. The food, medical & drug industry has a wide range of industries among domestic industries and is closely related to the lives of the people. In addition, human lifespan is increasing, and recently, due to the spread of an infectious disease called COVID-19, the bio sector belonging to the food, medical & drug industry is in the spotlight. Attention is needed to the industry as the competitiveness of the food, medical & drug industry is expected to increase. The Ministry of Food and Drug Safety provides statistics on the food, medical & drug industry, but does not provide a systematic share of GDP. Since it is difficult to determine how influential the industry is compared to other industries, this study attempts to obtain the share of GDP in the food, medical & drug industry and compare it with other industries. In the process of obtaining GDP in the food, medical & drug industry sector, there was a difficulty in that the figures in statistical data were not unified by time point. In order to overcome the limitations, statistical data as a standard are determined. The GDP of the Food, Medical & Drug Industry was estimated using total added value, production, sales, and added value by industry. Compared to other industries, the Food, Medical & Drug Industry's GDP ranked second after the GDP of the manufacturing industry. As a result, it suggests that the food, medical & drug industry has a great influence on the national economic power among domestic industries.

The Role of State Budget Expenditure on Economic Growth: Empirical Study in Vietnam

  • NGUYEN, Hieu Huu
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.81-89
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    • 2019
  • Many authors have examined the impact of public spending on economic growth. This study uses ordinary least-squares technique to test the effect of state budget expenditure with two major components: development investment expenditure and recurrent expenditure on Vietnamese economy for the period 2000-2017. The empirical results show that the state budget expenditure of Vietnam has positive effect on the economy, however each main component has different impacts. Recurrent expenditure has significant positive impact on Vietnamese economy while there has no evidence to affirm the relationship between the development investment expenditure and the economic growth. Vietnamese government should restructure the state budget to enhance the positive effect on the economy. In the short run, Vietnam should not increase development investment expenditure due to low efficency in public investment. In the long run, it is necessary to economize recurrent expenditure to reserve a reasonable proportion of state budget for development investment expenditure to build infrastructure for developing the economy. The state budget expenditure should be restructured towards prioritizing recurrent expenditure on human and social relief, reducing public administration expenditure, allocating investment capital from the state budget for key and pervasive projects, avoiding spreading out investments as well as crowding out private investments.

Strategy of the Short-term R & D Innovation for the Small and Medium IT Enterprise (IT 중소기업의 기술개발 상용화 전략)

  • Song Hag-Hyun;Kim Yoon-Ho
    • Journal of The Institute of Information and Telecommunication Facilities Engineering
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    • v.2 no.4
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    • pp.64-70
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    • 2003
  • Hardware, software, networking to Digital Contents. Most of the Small and medium IT Enterprise strategy shift of R & D system. In 2001, IT Small and medium size manufacture occupied 3.8% of Gross Domestic Product. IT industry R&D Program and Excellent Information Technology R&D Program support rate $54{\sim}60%$ of computer, software and contents for Information Technology R&D, when the Technology of R&D input to market need to development for about 3 years. Most of the Small and medium IT Enterprise strategy priority find out from computer, software and contents.

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A Study on the Actual Conditions of the Information Promotion Policies for SMB Enterprises in Busan (중소기업 정보화 지원 시책에 대한 실태분석 - 부산지역을 중심으로 -)

  • Kim, Do-Geun
    • Journal of Digital Contents Society
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    • v.8 no.2
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    • pp.213-225
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    • 2007
  • This study confirms Busan area medium and small enterprises' position and analyzed present condition and actual conditions of swing Korea measure and consumer's attitude about measure in general circumstance that our country medium and small enterprises is placed in information. According to result that analyze Busan area medium and small enterprises' information level, Busan was expose by whole country average low including the electron commercial transaction rate. When consider weight that Busan economy occupies in gross domestic product, information differential of medium and small enterprises of Busan area is subject that must improve urgently and seriousness point is true that information differential of manufacturing industry is main factor more. Therefore, urgent agenda should be the activation of manufacturing industry information assistance measure and extension of current manufacturing technique information assistance business for Busan economy. Also, at problem solution progress, Busan is thought that must come looking for seat role actively.

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Estimating Quarterly GRDP Using Benchmarking Method (벤치마킹방법을 이용한 분기 GRDP의 추정)

  • Lee, Geung-Hee
    • The Korean Journal of Applied Statistics
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    • v.22 no.1
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    • pp.75-88
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    • 2009
  • Gross Regional Domestic Product (GRDP) is regarded as an essential information to understand regional economy. However, GRDP is hardly used for establishment of regional economic plan and related statistical research due to its late and yearly publication. Therefore, it is necessary to estimate quarterly GRDP to grasp the current regional economy faster In this study, considering the comovement between GDP and GRDP for the same industry, reference series are made. Quarterly GRDP is estimated the following two steps; First, preliminary quarterly GRDP is estimated using Chow-Lin's method based on the reference series to eliminate temporal discrepancies. Second, preliminary quarterly GRDP is adjusted using Denton's multivariate method to eliminate contemporaneous discrepancies.

Benchmarking for Innovation of Construction Industry (Based on CII Case) (건설산업 혁신을 위한 벤치마킹 (CII 사례 중심으로))

  • Park Hee-Sung
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.57-63
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    • 2002
  • The construction market has a major impact on the overall United States economy. Recent statistics estimate the gross domestic product (GDP) of the U.S. construction industry at some $416.4{\$}$ billion dollars, representing approximately $4.5\%$ of the U.S. GDP. Because the business environment in construction is highly competitive, the participants in the industry must improve their performance and processes to survive. Hence, Benchmarking has been generating interest in the construction industry. This paper provides an overview of the CII Benchmarking and Metrics Program. Following some background and a descriptive discussion of the database, an abridged presentation of result of data analysis. The adoption of benchmarking in Korean construction industry can be another opportunity to improve Korean construction industry.

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