• Title, Summary, Keyword: imports

Search Result 424, Processing Time 0.031 seconds

Adoption of Foreign Technologies in Korean Manufacturing Firms: Characteristics and Microfoundations

  • SUH, JOONGHAE
    • KDI Journal of Economic Policy
    • /
    • v.37 no.3
    • /
    • pp.75-106
    • /
    • 2015
  • The primary goal of this paper is to explore the microeconomic foundation of Korean firms' adoption of foreign technologies. The paper also reviews the overall trend of international technology transfers to Korea. The period covered in this paper is Korea's high growth era, from the 1960s to the 1990s. The works of this paper center on the two questions of what characterizes foreign technologies which had been imported through licensing contracts, and which driving forces expedite technology adoption by firms. The Korean experience provides the context of success in the catch-up growth. The co-movement of technology imports with capital goods imports manifests Korea's effort to improve the technical efficiency toward the world frontier. Underlying this trend are firms' decisions to adopt new technologies. The paper shows that firms respond proactively to wage increases by adopting newer technologies and thus, in turn, increasing employment, which implies the existence of a virtuous interactive mechanism among these factors.

  • PDF

Paradigm Change in the Asian Fashion Industry: In terms of Production, Consumption and Trade

  • Son, Mi Young;Yoon, Namhee
    • International Journal of Human Ecology
    • /
    • v.15 no.2
    • /
    • pp.1-12
    • /
    • 2014
  • This study focuses on apparel production and consumption trends in major Asian economies in order to understand a paradigm change in the Asian fashion industry. A comparison of trade among ASEAN, NICs, and developed countries shows the changes that have occurred in terms of production and consumption of fashion products before and after 2000 in Korea, Hong Kong, and China. The flow of imports and exports in the apparel industry was analyzed using UN trade statistics data. The results found a change of industry structures in Asian NICs and ASEAN countries. Garment production bases have moved to lower cost regions like China and ASEAN; in addition, NICs sent a part of their export business in the fashion industry to ASEAN countries. The Asian fashion industry has transformed from a production base for developed countries into a consumption market with the emergence of newly industrializing economies.

EPIDEMIOLOGICAL APPROACH TO THE SOUTH KOREAN BEEF PROTESTS WITH HIDDEN AGENDA

  • Do, Tae-Sug;Lee, Young-S.
    • Journal of the Korean Society for Industrial and Applied Mathematics
    • /
    • v.13 no.3
    • /
    • pp.181-188
    • /
    • 2009
  • Hundreds of thousands of South Korean protesters staged candlelight vigils and demonstrations against US beef imports in 2008. The problems, however, went far beyond that of beef imports. The political party veterans, who lost the presidential election, exploited labor unions that were discontent with the economy and ideological student groups to weaken the majority party. In this study, an epidemiological model is constructed with a system of three nonlinear differential equations. The model seeks to examine the dynamics of the system through stability analysis. Two threshold conditions that spread the protests are identified and a sensitivity analysis on the conditions is performed to isolate the parameters to which the system is most responsive. The results are also explored by deterministic simulations. This model can be easily modified to apply to other protests that may occur in various circumstances.

  • PDF

Determinants of Trade Flows and Trade Structure between Korea and ASEAN

  • Truong, Hoan Quang;Dong, Chung Van;Nguyen, Hoang Huy
    • East Asian Economic Review
    • /
    • v.23 no.1
    • /
    • pp.55-88
    • /
    • 2019
  • Our paper contributes to existing literature by empirically investigate the trade structure and trade performance between Korea and ASEAN. Overall, trade activities between Korea and almost major ASEAN economies have significantly focused on capital goods, medium and high technology goods, while the remaining ASEAN countries' exports over Korea have been mainly primary and low technology goods. There has been a higher complementarity in between Korea's exports and ASEAN's imports compared with between ASEAN's exports and Korea's imports. Estimation results show that ASEAN's GDP and income have larger impacts than those of Korea on aggregate trade flows as well as sectoral level between two sides. Additionally, geographical conditions are critical factors impeding Korea-ASEAN trade. Meanwhile, other factors in the estimation model have mixed impacts on components of Korea-ASEAN trade structure. Finally, there is a significant room for Korea's trade expansion with ASEAN, particularly new and less developed members in future.

Analysis of Factors Affecting Air Transport Trade between Korea and ASEAN Countries (한국과 아세안 국가간 항공운송무역 영향요인 분석)

  • Lim, Jae-Hwan;Kim, Young-Rok;Choi, Yun-Chul
    • Journal of the Korean Society for Aviation and Aeronautics
    • /
    • v.27 no.4
    • /
    • pp.44-51
    • /
    • 2019
  • This study analyzes the trade patterns that occur between Korea and ASEAN countries through air transport, one of Korea's trade transport methods. In order to understand the detailed characteristics of the air transport sector, the dependent variables were analyzed by dividing them into amount and weight. As a result, the amount of exports, imports, and trade was proportional to GDP per capita representing income level, and inversely proportional to GDP representing national economic power. In terms of air transport weight, exports, imports and trade were all proportional to GDP representing economic power and inversely proportional to GDP per capita representing income levels. In addition, the national area acted as a factor to reduce the trade volume, and the number of airports and inland countries did not show any significant results.

Improving Forecasting Performance for Onion and Garlic Prices (양파와 마늘가격 예측모형의 예측력 고도화 방안)

  • Ha, Ji-Hee;Seo, Sang-Taek;Kim, Seon-Woong
    • Journal of Korean Society of Rural Planning
    • /
    • v.25 no.4
    • /
    • pp.109-117
    • /
    • 2019
  • The purpose of this study is to present a time series model of onion and garlic prices. After considering the various time series models, we calculated the appropriate time series models for each item and then selected the model with the minimized error rate by reflecting the monthly dummy variables and import data. Also, we examined whether the predictive power improves when we combine the predictions of the Korea Rural Economic Institute with the predictions of time series models. As a result, onion prices were identified as ARMGARCH and garlic prices as ARXM. Monthly dummy variables were statistically significant for onion in May and garlic in June. Garlic imports were statistically significant as a result of adding imports as exogenous variables. This study is expected to help improve the forecasting model by suggesting a method to minimize the price forecasting error rate in the case of the unstable supply and demand of onion and garlic.

Prospect of Soybean Production, Consumption and Supply in Korea (콩 생산 수급전망과 대책)

  • Kim Seok Dong;Park Keum Yong
    • Proceedings of the Korean Society of Crop Science Conference
    • /
    • /
    • pp.249-265
    • /
    • 1998
  • The yearly consumption of soybean ranged from 1.5 to 1.7 million tons in Korea during 1995-1997 with an increasing trend of annual consumption by 60,000 tons. Gross consumption of soybean was 1.74 million tons in 1997: 1.292 million tons for feed, 0.433 million tons for food and its processing, and 15,000 tons for seed and other uses. Particularly, Korea totally depends upon imports of soybean for feed and oil. Only about $40{\%}$ of soybeans used for food and its processing are supplied through domestic production. Korean markets will be open to foreign agricultural products except for rice in 2004 when the Uruguay Round treaty is completed. According to the Korean Rural Economics Institutes reports, soybean consumption in 2004 is expected to be 1.87 million tons that is higher than that in 1997 by 0.13 million tons. In order to meet the need for soybean, Korean government planned to supply from 0.17 million tons of domestic production plus 1.7 million tons of imports, and also planned to raise the self-supply rate of $9.1{\%}$ in 2004 from $8.6{\%}$ in 1997. According to the USDA reports on international soybean production and consumption, its production is expected to be 150 million tons over the world and the international market prices for soybean will be unstable in 2004. Based on these reports, international soybean trade capacity will be 36 million tons in 2004 that is lower than 39 million tons (accounting for $25{\%}$ of gross production) in 1597. Also, a term-end stock in 2004 is estimated to be 9.6 million tons that is low as compared to 18.6 million tons In 1997, In coping with domestic and international soybean production, consumption and supply, and further possible food crisis, national policies and continuous efforts are necessarily required to promote domestic production and to reduce imports of soybean.

  • PDF

An Analysis on Changing Factors of World Soybean Markets (세계 대두시장 변화요인 분석 및 시사점)

  • Lee, Sang Hyeon;Ahn, Soojung
    • Journal of the Korean Society of International Agriculture
    • /
    • v.29 no.1
    • /
    • pp.18-25
    • /
    • 2017
  • As economic growth has occurred in Asia over the last several decades, the demand for soybeans, soybean meal and soyoil have also increased. Over the last 50 years, the cultivation of soybeans in the U.S., Brazil, and Argentina increased dramatically. Consequently, these three countries have become the major soybean producers and exporters in the world. The growth in soybean production in those countries over the years, however, has been insufficient to meet the demand. With the opening of China's market to soybean and soybean products trade in 1995/96 and the accession of China to that trade agreement in 2001, Asian soybean imports began to increase dramatically. Korea opened its soyoil market in 1991 and it brought about a great change not only in soyoil market but in soymeal and soybean market as well. As imports of soyoil expanded, the increased consumption was covered by imports and this caused burden cost to soybean manufacturers leading to decrease in soybean purchase. Since that time, consumption of Korean soybeans has become stagnant and due to this reason, production of soymeal, which is byproduct of soybeans, also decreased replacing increased domestic consumption with imported soymeal. This implies that market openness of soyoil, has brought negative effect in soybean and soymeal market. As a result, decrease in soybean consumption led to decrease in self-sufficiency of soybean products.

A Study of the Effects of Trade between North Korea and China on the Conflict between South Korea and North Korea (북한·중국 간 교역이 남한·북한 간 분쟁관계에 미친 영향에 관한 연구)

  • Ju, Sung Whan
    • International Area Studies Review
    • /
    • v.13 no.3
    • /
    • pp.361-383
    • /
    • 2009
  • This study extends theoretically the expected utility model of trade-conflict developed by Polacheck if a third country is involved, and analyses empirically how trade between North Korea and China affects to the political conflict between South and North Korea. The results of empirical analysis show that North Korea's exports to South Korea and China do not affect the conflict or cooperative relations between South and North Korea. But North Korea's imports from South Korea and China affect to the conflict between South and North Korea: increasing of North Korea's imports to South Korea reduce conflict between South and North Korea, but increasing of North Korea's imports to China increase conflict between South and North Korea.

A Study on Korean FDI in China by Industries and Intra Industry Trade between Two Countries (한국의 대 중국 업종별 FDI와 산업내무역에 관한 연구)

  • Kim, Seong Ki;Kang, Han Gyoun
    • International Area Studies Review
    • /
    • v.13 no.3
    • /
    • pp.759-780
    • /
    • 2009
  • The purpose of this paper is to analyse the effect of Korean FDI(1990-2008) in China by industries on exports and imports between two countries. We use time series regression, Vector Error Correction Model and Impulse Response Function as methodologies. Our findings through empirical tests are as follows. First Korean FDI in China increases Korean exports with China but shows a tendency to decrease due to the local content of China. Second Korean FDI in China increases Korean imports in SITC 8 with China. Finally Korean trade surplus caused by Korean FDI in China shrinks due to the decreasing of exports and increasing of imports in Korea. Korean FDI in China should be oriented host country's market oriented rather than production efficiency oriented because of unfriendly foreign investment environments in China.