• Title/Summary/Keyword: national economic development

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Factors Influencing Residents' Satisfaction on Urban Regeneration Projects (도시재생사업에서 지역주민 만족 영향요인)

  • Lee, Kyeong-Han;Park, Duk-Byeong
    • Journal of Agricultural Extension & Community Development
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    • v.28 no.2
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    • pp.99-112
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    • 2021
  • This study aims to identify the factors influencing residents' satisfaction for the urban regeneration projects in South Korea. Data were collected from 250 people with self-administrated questionnaires. A factor analysis identified three factors which are positive economic impacts, negative social impact, and positive environment impact. The positive economic impact has the highest variance explained. Results showed that high income and students and unemployed are less like to be satisfied with their community life. And whereas negative social impacts are less likely to have community satisfaction, positive economic impacts are more likely to have community satisfaction. This study suggested that community leaders and policy makers should consider perceived impacts and income when implementing development projects.

A Study of the Development of a National Financial Health Maintenance in Response to Economic Crisis (경제위기 대응을 위한 국가재정 건전성 유지 발전을 위한 연구)

  • Kim, Young-Hu
    • Journal of Digital Convergence
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    • v.12 no.1
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    • pp.23-36
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    • 2014
  • Recently economic crisis has brought world economic instability. Each country in order to stabilize the economy, fiscal rules are introduced or reinforced. Fiscal Policy in a country plays an important role in determining the economic situation in the present and future. Existing fiscal rules tend to place a rigid limit not only on the deficit ratio and thus on the scope for fiscal stabilization, but also on the extent to which fiscal policy can be used for structural purposes. But the fiscal rules are operated in many ways and adopted in various forms, with different binding of each other, according to their own fiscal situations, and political circumstances. This study shows several important factors for successful National fiscal system and continuous fiscal soundness and development.

CONTRIBUTION OF NUCLEAR POWER TO THE NATIONAL ECONOMIC DEVELOPMENT IN KOREA

  • Lee, Man-Ki;Nam, Kee-Yung;Jeong, Ki-Ho;Min, Byung-Joo;Jung, Young-Eek
    • Nuclear Engineering and Technology
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    • v.41 no.4
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    • pp.549-560
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    • 2009
  • Over the last three decades, nuclear technology development has played a vital role in the socio-economic development of the Republic of Korea. This study, being the first of its kind, focuses on quantifying the actual economic contribution of nuclear technologies to economic development by evaluating the net benefit of the nuclear power with respect to the country's Gross Domestic Product (GDP). An input-output analysis was employed as a methodological approach to analyze inter-industrial economic activities by calculating the industrial value added as a means of the economic contribution during the period of 1980 to 2005. The industrial value added of nuclear technologies was estimated from the construction and operation of nuclear power (backward-linked industrial value added) and from the industrial activities attributed to the electricity generated by the nuclear power (forward-linked industrial value added). It was found that the total net contribution of nuclear technologies as a percentage share of GDP amounted to 2.38% in 2005.

An Analysis of the Household Consumption Expenditure Structure by the Korean Economic-Development Plan Years (한국경제개발 계획년도별 가계소비지출 구조분석)

  • 박선미;김영숙
    • Journal of Families and Better Life
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    • v.10 no.2
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    • pp.1-18
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    • 1992
  • The purpose of this study is to consider the socio-economic development and policy in each five-year economic development plan influences of urban households and to seek a plan of household stability and reasonable consumption expenditure on the aspect of Family economics. Data is based on the "Annual Report on the Family Income and Expenditure survey" of the National Bureau of Statistic Economic Planning Board, Republic of Korea and analyzed as follows: First, in analysis to the structure of consumption expenditure, the averaged percentage of each item to total consumption expenditure is estimated by each Economics Development Plan year. Second, in order to analyze the relative importance value of household consumption expenditure, priority correlation order is derived from comparison of characteristics of household consumption expenditures by multiple regression analysis. Third the patterns of consumption expenditure of salary and wage earner's households in all cities are estimated by the household consumption function, marginal propensity to consume, and income elasticity, according to socio-economic variable, and demographic variable. In the recent Korean economy, income level of household is increased and consumption expenditure level is largely increased because of the execution of economic development plan. But the improvement of income derives the increasment of the consumption needs and over-consumption trend is spread due to the import liberization. And above all, the reasonable household management and economic life are needed.

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Analysis of Problems and Improvement of Environmental Impact Assessment in Social-Economic Items Based on 19 Major Large Scale Development Projects (주요개발사업의 환경영향평가서 분석을 통한 사회경제항목평가의 문제점과 개선방안)

  • Lee, Sang-Don
    • Journal of Environmental Impact Assessment
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    • v.13 no.4
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    • pp.165-185
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    • 2004
  • Assessment in Socio-economic items should be used to estimate social influence when policies and projects were introduced. To estimate current situation of socio-economic items 19 Environmental Impact Statement (EIS) of large scale projects were analyzed. The projects were selected based on magnitude of social impact when the projects were implemented. Environmental Impact Statement was categorized into line projects(road construction, railroad construction, stream development, etc), and surface projects(energy development, wetland reclamation, recreation and sport development, and housing and residential development, etc) thus being chosen for 19 projects in each categories. This report was based on the analysis of 7 items in socio-economic environmental items(i.e., population, residents, industry, public facilities, education, transport and historical monument). Most EIS did not follow the regulation suggested by Ministry of Environment, and only current circumstances were briefly described. Indifference of in-depth analysis of socioeconomic environmental items would influence the process of social and environment impact negatively in the midst of construction of National Projects such as Outer Circle Seoul Highways, Saemankeum Reclamation Projects, etc. This abrupt halt of construction was mostly based on a lack of public hearing or public participation. Socio-economic items are also very much lacking in quantitative method and strengthening socio-economic environmental items is needed via checklist or matrix that brings decision-makers better ideas objectively.

Globalization and Industrial Development: The Nigerian Perspective

  • Adefolaju, Toyin
    • East Asian Journal of Business Economics (EAJBE)
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    • v.5 no.1
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    • pp.1-9
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    • 2017
  • Nigeria like many other developing countries' eagerness to accelerate socio-economic development has prompted her to adopt several approaches over the years since independence. These have ranged from the import substitution scheme, the indigenisation policy, and structural adjustment programme to the national economic empowerment development strategy. Nigeria has sought to widen her economic base by engaging in increased cross-border trade and investment activities. This is with a view to spurring the process of industrialization and ultimately lowering the level of poverty in the country. This has led to the formulation of various industrial policies and processes, all geared towards integration into the world economy. Using secondary sources, this paper seeks to analyze Nigeria's journey towards industrial development especially within the context of globalization. It concludes by explaining the impact of the new economic paradigm on the country's quest to industrialize and recommends alternative path towards development and growth.

Strategic Guidelines for The Intensification of Regional Development Under the Impact of Potential-Forming Determinants in the Conditions of Digitalization

  • Tulchinskiy, Rostislav;Chobitok, Viktoriia;Dergaliuk, Marta;Semenchuk, Tetiana;Tarnovska, Iryna
    • International Journal of Computer Science & Network Security
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    • v.21 no.8
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    • pp.97-104
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    • 2021
  • The key challenges and problematic aspects of the formation of intellectually and innovation-oriented strategies of regional entities at the present stage of their development are considered. The main tasks that arise in the process of strategizing the potential-forming development of regional economic systems in the context of digitalization are identified. The list of key organizational and economic directions of strategic character of providing intellectual and innovative development of regional economic systems is formed, which includes clustering of centers of high-tech development of regions, creation of creative hubs, development of knowledge infrastructure and improvement of interregional cooperation; a brief description of each of the presented strategic organizational and economic directions is given. Based on the analysis, the key strategic guidelines for the development of regional economic entities in the context of digitalization under the influence of potential-forming determinants, which form the content basis for further processes of strategizing qualitative aspects of development of specific regional entities.

A Research on the Establishment of New Korea-Russia Bilateral Cooperation Law for the Sustainable Arctic Development

  • Kim, Bongchul
    • Journal of Contemporary Eastern Asia
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    • v.19 no.1
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    • pp.84-96
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    • 2020
  • The Republic of Korea (Korea) and the Russian Federation (Russia) are actualizing the cooperation in the Arctic area. As a result, Korean companies have begun to enjoy real economic benefits. However, since there are some troublesome aspects associated with this cooperation, measures that can lead to sustainable development through the supplementation of relevant norms are critical. Russia is also aware of these problems in obtaining economic benefits in the future; cooperation between the two countries should be extended to sufficiently cover this point. The laws related to the region are vague and do not encompass every field. In addition, when it comes to national interests, many situations arise from areas where international and national laws are not clearly harmonized. Therefore, efforts should be made to reflect the interests of both sides and to maintain economic benefits, in case Korea participates in Russia's development of the area, as well as for the legal foundation to reduce negative issues. The Korea-Russia Free Trade Agreement (FTA) negotiation is on the track for the purpose. The two governments should consider various tasks, such as harmonizing with the former FTAs and dealing with the domestic law in accordance with the new FTA. The two countries also have to conduct researches on the efficient use of the FTA and for the 'Sustainable Arctic Development'.

Development Policy of 'Metropolregionen' as Mega Economic Regions in Germany (독일의 광역경제권으로서 '메트로폴리탄지역' 육성정책)

  • Ahn, Young-Jin;Joh, Young-Kug
    • Journal of the Economic Geographical Society of Korea
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    • v.12 no.4
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    • pp.557-575
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    • 2009
  • Germany is trying to establish 'Metropolregionen' (metropolitan regions) through new regional development policies, in an effort to develop mega economic regions. The paper aims to analyze backgrounds and strategies for developing the 'Metropolregionen' in Germany and to examine policy implications. This research could help finding appropriate regional policies to develop the mega economic regions in Korea.

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The Impacts of Korea-EU FTA on GyeongGi Agriculture and Inter-Industrial Ripple Effects by Region (한.EU FTA 체결에 따른 경기도 지역별 농업부문의 파급 영향과 산업연관효과 분석)

  • An, Dong-Hwan;Im, Jeong-Bin;Choi, Ae-Sun
    • Journal of Korean Society of Rural Planning
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    • v.14 no.2
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    • pp.13-23
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    • 2008
  • In this paper, we estimated the economic impacts of Korea-EU FTA on the agricultural sector in GyeongGi-Do. In particular, we estimated the economic impacts of agricultural production decrease resulting from Korea-EU FTA for 31 sub-regions in GyeongGi-Do by 15 industrial sectors. We employ a regional economic impact model combining a regional input-output model with a spatial allocation model. We found that the size of inter-industrial impacts are quite different across regions. Our results suggest the importance of agricultural and industrial policy considering the impacts of industrial sectors at the regional level.