• Title/Summary/Keyword: level of economic development

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Financial and Economic Risk Prevention and Countermeasures Based on Big Data and Internet of Things

  • Songyan Liu;Pengfei Liu;Hecheng Wang
    • Journal of Information Processing Systems
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    • v.20 no.3
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    • pp.391-398
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    • 2024
  • Given the further promotion of economic globalization, China's financial market has also expanded. However, at present, this market faces substantial risks. The main financial and economic risks in China are in the areas of policy, credit, exchange rates, accounting, and interest rates. The current status of China's financial market is as follows: insufficient attention from upper management; insufficient innovation in the development of the financial economy; and lack of a sound financial and economic risk protection system. To further understand the current situation of China's financial market, we conducted a questionnaire survey on the financial market and reached the following conclusions. A comprehensive enterprise questionnaire from the government's perspective, the enterprise's perspective and the individual's perspective showed that the following problems exist in the financial and economic risk prevention aspects of big data and Internet of Things in China. The political system at the country's grassroots level is not comprehensive enough. The legal regulatory system is not comprehensive enough, leading to serious incidents of loan fraud. The top management of enterprises does not pay enough attention to financial risk prevention. Therefore, we constructed a financial and economic risk prevention model based on big data and Internet of Things that has effective preventive capabilities for both enterprises and individuals. The concept reflected in the model is to obtain data through Internet of Things, use big data for screening, and then pass these data to the big data analysis system at the grassroots level for analysis. The data initially screened as big data are analyzed in depth, and we obtain the original data that can be used to make decisions. Finally, we put forward the corresponding opinions, and their main contents represent the following points: the key is to build a sound national financial and economic risk prevention and assessment system, the guarantee is to strengthen the supervision of national financial risks, and the purpose is to promote the marketization of financial interest rates.

Urbanization and Economic Growth in China: Test of Williamson's Hypothesis (Williamson 가설검정에 의한 중국의 도시화와 경제성장에 관한 연구)

  • Kim, Jong-Sup
    • International Area Studies Review
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    • v.16 no.3
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    • pp.323-341
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    • 2012
  • In the recent year, the urbanization is emerging as important issue for sustainable development in China. Like the most of the world, urbanization of China is closely related with the domestic market development, the innovation of industrial structure, and the reduction of income cap among regions, urban-rural region and so on. This paper analyzes the impact of urbanization on economic growth using cross section data and time series data of the eastern coastal regions in China. Based on the existing literature, we establish a hypothesis, which is basically the same as Williamson(1965)'s hypothesis, that urbanization promotes the economic growth at the early stages of development but has adverse effects in economies that have reached a certain income level. The results of study are as follows: Using 10-provinces data of the eastern coastal region in China, this paper examines the impact of urbanization on economic growth. Regression results suggest that Williamson's hypothesis is not verified, regardless of estimation methods in two models. Hence, the results show that the impact of urbanization on economic growth has not the inverse U-type function in the eastern coastal region of China.

Establishment of Economic Threshold by Evaluation of Yield Component and Yield Damages Caused by Leaf Spot Disease of Soybean (콩 점무늬병(Cercospora sojina Hara) 피해해석에 의한 경제적 방제수준 설정)

  • Shim, Hongsik;Lee, Jong-Hyeong;Lee, Yong-Hwan;Myung, Inn-Shik;Choi, Hyo-Won
    • Research in Plant Disease
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    • v.19 no.3
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    • pp.196-200
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    • 2013
  • This study was carried out to investigate yield loss due to soybean leaf spot disease caused by Cercospora sojina Hara and to determine the economic threshold level. The investigations revealed highly significant correlations between disease severity (diseased leaf area) and yield components (pod number per plant, total grain number per plant, total grain weight per plant, percent of ripened grain, weight of hundred seed, and yield). The correlation coefficients between leaf spot severity and each component were -0.90, -0.90, -0.92, -0.99, -0.90 and -0.94, respectively. The yield was inversely proportional to the diseased leaf area increased. The regression equation, yield prediction model, between disease severity (x) and yield (y) was obtained as y = -3.7213x + 354.99 ($R^2$ = 0.9047). Based on the yield prediction model, economic injury level and economic threshold level could be set as 3.3% and 2.6% of diseased leaf area of soybean.

How Large are Local Human Capital Spillovers?: Evidence from Korea

  • PARK, WOORAM
    • KDI Journal of Economic Policy
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    • v.38 no.4
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    • pp.77-94
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    • 2016
  • This paper examines the empirical magnitude of local human capital spillovers in Korea during the 1980s and mid-1990s. Local human capital spillovers exists if plants in regions with a higher level of human capital can produce more given their own amount of input (Moretti 2004c). In particular, this paper explores an educational reform in South Korea which exogenously induced a large amount of variation in regional human capital levels. Using annually collected plant level data, I explore the effect of changes in the regional human capital levels induced by this reform on plant productivity in Korea. My results suggest that this effect is limited. I find a positive correlation between a regional level of human capital and plant productivity. However, after further addressing endogeneity using an instrumental variable, the effect of the overall regional human capital level on productivity decreases and becomes statistically insignificant.

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Analysis of Agricultural Regional Economic Effect by Spatial Dispersal of Wildfire in Korea (산불의 공간적 확산이 농촌지역경제에 미치는 영향 분석)

  • Kwon, J. Younghyun;Kim, Euijune
    • Journal of Korean Society of Rural Planning
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    • v.20 no.3
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    • pp.67-74
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    • 2014
  • The purpose of this study is to estimate regional economic effects of spatial diffusion of wildfire using Cobb-Douglas production function of agriculture and forestry. The analysis is applied to Gangwon and Gyeongbuk provinces where are the most damaged of wildfire in Korea. The damaged areas are derived from multiplied by the occurrence probability of wildfire and diffusion areas of wildfire for micro-spatial unit level with ArcGIS techniques. The models of wildfire provides that the spatial diffusion of wildfire increases with the rising of highest temperature and average wind speed. Through the production function, value added of Agriculture and Forest sectors get damaged where the Cos-converted slope aspect of mountains are toward the South. The production model provides reductions of regional value added by increasing damaged areas of wildfire. It reveals that the most damaged region is Andong city in Gyeongbuk province, where value added loss is 1.25 billion Won, which is about 0.72% of total value added in agriculture and forestry of the city. As a view of policy makers, it needs to be considered to establish prevention policies against wildfires because regional economic losses from wildfire are depending on geographical conditions and performances of the major industry related to wildfire's diffusion such as agriculture or tourism sector according to the result of analysis.

Economic and Non-economic Determinants of Environmental Sustainability in the Long Run: Evidence from G20 Economies

  • Yin, Zihui;Choi, Chang Hwan;Ko, Jung O
    • Journal of Korea Trade
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    • v.26 no.1
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    • pp.1-19
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    • 2022
  • Purpose - This paper analyzes the economic and non-economic factors that contribute to environmental sustainability by reducing CO2 emissions, based on G20 panel data. Design/methodology - We conduct a comparative analysis of advanced and developing economies during 1995-2016. To examine the impact, an environmental Kuznets curve (EKC) model was employed, incorporating additional explanatory variables such as internet use, renewable energy, and services trade. Findings - The empirical findings show the existence of an inverted U-shaped EKC phenomenon between GDP per capita and CO2 emissions in G20 economies, with the turning point at a per capita GDP level of US$ 38,340. Moreover, an inverted U-shape relation exists between internet use and CO2 emissions, with the turning point at a 44% internet use rate. The comparative analysis show that the inverted U-shape curve only exits in advanced economies, with turning points of US$ 42,356 per capita GDP and 27% internet use rate, respectively. Renewable energy and services trade have a greater negative impact on CO2 emissions in advanced economies than in developing economies. Originality/value - Renewable energy and services trade have a greater negative impact on CO2 emissions in advanced economies than in developing economies. Overall, the results suggest the role of internet use, renewable energy and services trade in sustainable development in G20 countries.

Mitigating the Shocks: Exploring the Role of Economic Structure in the Regional Employment Resilience

  • Kiseok Song;Ilwon Seo
    • Asian Journal of Innovation and Policy
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    • v.12 no.3
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    • pp.323-344
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    • 2023
  • This study investigates the resilient structural characteristics of a region by assessing the impact of the financial crisis. Utilizing panel data at the prefecture level for metropolitan cities across pre-shock (2006-2008), shock (2009), and post-shock (2010-2019) periods, we calculated an employment resilience index by combining the resistance and recovery indices. The panel logit regression measures the influences of the region's industrial structure and external economic factors in response to the global financial crisis. The results revealed that the diversity index of industries contributed to the post-shock recovery bounce-back. Additionally, the presence of large firms and industrial clusters within the region positively contributed to economic resilience. The specialization and the proportion of manufacturing industries showed negative effects, suggesting that regions overly reliant on manufacturing-centered specialization might be vulnerable to external shocks. Furthermore, excessive capital outflows for market expansion were found to have a detrimental impact on regional economic recovery.

Measuring economic sentiment using ordinary response options

  • Park, Inho;Kim, Tae Yoon
    • Communications for Statistical Applications and Methods
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    • v.24 no.2
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    • pp.163-172
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    • 2017
  • Economic sentiment is typically measured using ordinary response options. The University of Michigan and the United States Conference Board are two widely used major indexes that have separately established independent consumer sentiment indexes based on three-level ordinary response options: positive, neutral, and negative. Notwithstanding, limited attention has been paid to the structural differences in their built-in formulas, which are referred to the disparate micro scoring schemes applied to an individual question. This paper examines the structural difference of the two indexes and then addresses situations where one is more reliable than the other. Real data from business tendency surveys of the Organization for Economic Cooperation and Development are used to illustrate our points empirically. As a conclusion, it is stressed that the two indexes should be handled with care when applied to economic sentiment comparison studies.

Development of an All-in-one Attachment-based PHC Pile Head Cutting Robot Prototype (All-in-one 어태치먼트 기반 PHC 파일 원커팅 두부정리 자동화 로봇의 프로토타입 개발)

  • Yeom, Dong-Jun;Park, Ye seul;Kim, Jun Sang;Kim, Young Suk
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • v.35 no.2
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    • pp.37-44
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    • 2019
  • The primary objective of this study is to develop a prototype of all-in-one attachment-based PHC pile head cutting robot that improves the conventional work in safety, productivity, and quality. For this, the following research works are conducted sequentially; 1)literature review, 2)development of an all-in-one attachment-based PHC pile head cutting robot prototype, 3)performance evaluation of each device, 4)economic analysis of an automated method. As a result, PHC pile cutting level sensing device, PHC pile cutting device, PHC pile handling device are developed. Futhermore, working process of an automated method is developed based on result of performance evaluation. According to the economic analysis result, the cost of the automated method was 21.37% less than that of the conventional method, and the economic efficiency was also superior(ROR 215.44%, Break-even Point 5.52month). It is expected that conclusions for future improvements are used in the development of the all-in-one attachment-based PHC pile head cutting robot to practical use.

A Study on the Eating Habits and Its Related Factors of Residents in Urban Area (도시지역주민의 식습관과 연관요인 연구)

  • 남원계;임재은
    • Korean Journal of Health Education and Promotion
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    • v.13 no.2
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    • pp.69-96
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    • 1996
  • This study was conducted to investigate the awareness and practice level of health food intake and use the information for the development of Public Health Policy and Health Education Program in order to help healthy dietary life. The interview was done by trained surveyors on 1, 143 city dwellers who were selected randomly from Oct. 2, to Oct. 21, 1992. The results are summarized as follows: 1) General characteristics of subjects; Among 1, 143 respondents, there were more female(53.8%) than males(46.2%) and the age group of 20-29 account for the hightest portion, 46.7%. As for the education levels, 45.3% of the subjects were college graduates. And 38.9% of the subjects were students. 2) The percentage of subjects who assess themselves ‘Healthy’ was 46.7% and ‘Not Healthy’ was 17.4%. 3) The subjects who have irregular meals(3 times a day) was 48.7%, the rate of females was higher than males. The proportion of unmarried subjects, people with low economic level, high education level, and students was high. 4) As for the amount of 1 meal, 72.4% was ‘moderate’, 16.3% was ‘too much’ amount, which was higher in 19 years old, single, low economic level, elementary school graduate, than other groups. 5) As for the eating speed, 40.2% was fast, which was higher in single(44.3%), in low economic level(50.0%). college graduate(44.9%), student(44.7%) than other groups. 6) As for the level of preference to hot and salty food, 25.7% preferred to have hot and salty food. The difference in the degree of preference to hot and salty food by age and economic level was significant. 7) With regard to the individual food taste, the subjects who prefer to meat and fried food were 12.3%. Which was higher in the group under 19 years old, single, and college graduates. 8) With regard to having a snack, 38.7% have a snack. By characteristics, the subjects who have a snack were higher in female, under 19 years old, single, high economic level, apartment dwellers, college graduate, and student than other groups. 9) As for the coffee intake amount per day, 39.8% of subjects was more than 3 cups daily. 10) With regard to the self-assessment of body weight, the subjects who assess themselves over body weight had late dinner time. 11) As for the correlation among related variables, the age and taking breakfast was positive correlation. And sex and drinking alcohol was positively associated while age had negative correlation.

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