• Title/Summary/Keyword: growth

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Optimal Inflation Threshold and Economic Growth: Ordinal Regression Model Analysis

  • DINH, Doan Van
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.91-102
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    • 2020
  • The study investigates the relationship between the inflation rate and economic growth to find out the optimal inflation threshold for economic growth. Therefore, this study applied an ordinary least square model (OLS) and the ordinal regression model, and collected the time-series data from 1996 to 2017 to test the relationship between inflation and economic growth in the short-term and long-term. The sample fits the model and is statistically significant. The study showed that 96.6% of correlation between inflation rate and economic growth are close and 4.5% of optimal inflation threshold is appropriate for economic growth. It finds that the optimal inflation threshold is base to perform economic growth, besides the inflation rate is positively related to economic growth. The results support the monetary policy appropriately. This study identifies issues for Government to consider: have a comprehensive solution among macroeconomic policies, monetary policy, fiscal policy and other policies to control and maintain the inflation and stimulate growth; have appropriate policies to regulate inflation to stimulate economic growth over the long term; set a priority goal for sustainable economic growth; not pursue economic growth by maintaining the inflation rate in the long term, but take appropriate measures to stabilize the inflation at the optimal inflation threshold.

The Effect of Professor's Individualized Consideration on the Personal Growth of Chinese Students Study Abroad in Korea: The Moderating Effect of Perceived School Support

  • Hahm, SangWoo;Sun, SiYao
    • International Journal of Advanced Culture Technology
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    • v.8 no.2
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    • pp.76-84
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    • 2020
  • In general, members of an organization want their own growth and development. As these members grow or develop, they feel satisfied and fulfilled in the process. Growth or development can motivate members to become more involved in their jobs. Therefore, these concepts are very important for organizations as well as individual members. Various elements of the organization affect the growth of its members. Leaders influence members to achieve organizational goals. Leaders can therefore be an important variable influencing the growth of members. Specific leadership informally develops the potential to identify and satisfy members' personal needs and to achieve higher performance. These leader behaviors motivate members and drive their growth. Thus, this leadership will have a significant impact on the growth of members. In addition, in this relationship, if members have perceived organizational support, they can further improve their expectations for growth. Therefore, support from leaders and organizations will have a positive impact on employee growth. This study highlights the importance of the growth of members of the organization. It demonstrates the moderating effects of leader's individualized consideration and perceived organizational support necessary elements for member growth. Through this process, the purpose and significance of the study are to identify the variables that affect the personal growth of members and explain how they can grow.

Long-Term Growth Model in Myanmar Based on the Growth Trajectory of Vietnam

  • JEON, Injae;CHO, Yooncheong
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.771-781
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    • 2021
  • The purpose of this study is to identify major drivers of Myanmar's long-term economic growth and draw implications to implement development policies. This study investigated Myanmar, as the country is the most recently opened economy in Southeast Asia. This study conducted simulation analysis based on scenarios by applying World Bank's Long-Term Growth Model, Penn World Table 9.1, and World Development Indicator data. This study makes extensive use of LTGM and the LTGM-TFP extension to improve the validity of models for data calibration. This study confirms the validity of the model with data calibration and specifies scenarios for simulation analyses by setting the growth trajectory of Vietnam due to common geographical, political, and economic conditions. Main findings include that Myanmar's economic growth rate will continue to fall below 3% in 2040 without proper improvement of growth drivers. The results of this study also provide that total factor productivity growth and female labor participation are key factors for Myanmar's long-term economic growth. This study advises policymakers in Myanmar to strengthen human capital, which is crucial for total factor productivity growth in Myanmar's context and directly affects economic growth. Further, labor market policies to promote female labor participation is important to sustain economic growth.

Revisiting the Effect of Financial Elements on Stock Performance Using Corporate Social Responsibility Cost Growth

  • JOUHA, Faraj;ALBAKAY, Khalleefah;GHOZALI, Imam;HARTO, Puji
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.767-780
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    • 2021
  • The purpose of this research is to analyze the effect of financial elements (asset growth, liability growth, equity growth, revenue growth, and profit growth) on stock price performance and to analyze the growth of Corporate Social Responsibility (CSR) costs as a moderating effect. The technique analysis used is regression analysis. Samples in this analysis are manufacturing firms listed on the Indonesian Stock Exchange (IDX) for the period 2014-2018. The use of regression models for hypothesis testing must fulfill several applicable assumptions such as Normality Test, Heteroscedasticity Test, Multicollinearity Test, Autocorrelation Test, Model Fit Test, Determination Coefficient Test, and Hypothesis Test. Data analysis used two research models, namely model 1 and model 2. Model 1 is without the moderating variable, and model 2 is with the moderating variable, that is, CSR cost growth. Based on the result of the regression analysis, it can be inferred that the asset, revenue, and profit growth have a positive impact on stock price results. Liabilities and equity growth do not affect stock price performance. Operating expense growth has a significant effect on price performance. CSR cost growth can moderate the effect of growth in financial statement elements on stock price performance but is not significant.

The Comparison of the Physical Characteristics between Boys and Girls at Puberty (사춘기 남녀 청소년의 인체 특징에 관한 비교 - 만 $10{\sim}14$세를 중심으로 -)

  • Jeong, Hwa-Yeon;Kim, Kyung-A;Suh, Mi-A
    • The Research Journal of the Costume Culture
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    • v.15 no.1 s.66
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    • pp.37-57
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    • 2007
  • The purpose of this study was to analyze the body measurements of boys and girls at puberty and to provide the fundamental data for pubescent apparel manufacturers to produce clothing that reflect their physical characteristics. A total of 549 boys and 529 girls aged between 10 and 14 were measured in the capital area from March 4 to April 3, 2004. Data were collected from 35 anthropometric items and 12 photographic items per a person. SPSS Ver. 12 program was used in data analysis including means, standard deviation, t-test and Duncan test. The main results of this study were as follows. They showed the significant difference of their growth in accordance with the increase of their ages. There were also the difference between boys and girls. As for height and length items, boys showed a slow growth at the age of $10{\sim}11\;and\;12{\sim}13$. Those at the age of $11{\sim}12\;and\;13{\sim}14$ showed rapid growth. That is, an active growth was followed by a slow growth and that phenomenon repeatedly occurred. On the other hand, girls showed remarkable growth at the age $10{\sim}11$ and the growth rate gradually slowed down afterward. Regarding circumference items, boys at the age of $11{\sim}12\;and\;13{\sim}14$ showed remarkable growth. This results showed that boys at the age of $11{\sim}12$ had vertical growth and horizontal growth at the same time and for those at the age of $13{\sim}14$, growth was more conspicuous in horizontal direction. Meanwhile, for girls, the growth rate was high at the age of $11{\sim}12$, somewhat later than the age of the growth of height and length. As for breadth-related items and depth-related items, for both sexes two items grew steadily throughout the ages, breadth-related items showed a higher growth rate than that of depth-related items. This study analyzed the body measurements of pubescent boys and girls and the results showed that, for boys, an active physical growth took place at the age of 13 according to previous studies, but the findings of this study suggested that the phenomenon now occurred at the age of $11{\sim}12$, which proved that physical growth took place earlier than before. Also, an active growth was followed by a slow growth. Girls at puberty showed remarkable growth of height at the age of $10{\sim}11$ that is consistent with previous studies and then showed horizontal growth at the age of around 12, having a voluminous body shape.

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Analysis on the Drivers of Growth in Forestry Sector and Growth Projection through Growth Accounting Analysis (성장회계분석을 통한 임산업의 성장요인분석과 전망)

  • Lee, Yohan;Jung, Jaeho;Min, KyungTaek
    • Journal of Korean Society of Forest Science
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    • v.104 no.4
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    • pp.677-684
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    • 2015
  • This study analyzed a long-run growth trend of the forestry sector in the Republic of Korea, and forecasted the potential growth in the future after investigating main drivers of growth in the forestry sector through growth accounting analysis. Based on results, we finally suggested a direction to go forward in order to achieve a sustainable growth in the field. After Asia financial crisis, the growth rate of the forestry sector was getting stable with the fast recovery of Korean economy. While the main drivers of growth in the field was labor and capital accumulation in 1980s and 1990s, the main driver of growth has been the increment of capital accumulation since 2000. As the result of our analysis for forecasting the potential growth in the field, the contribution of labor, capital, TFP in total growth is expected as 0.09%, 1.58%, and -0.01%, respectively. The potential growth rate of the forestry sector during 2012-2020 is predicted to be 1.65% and the total production will become 36.25 trillion won.

Effect of Magnetism on the Growth of Several Foliage Plants (몇몇 관엽식물의 생장에 미치는 자기(磁氣)의 영향)

  • Jeong, Seo-Goo;Kim, Sun-Hae;Bang, Kwang-Ja
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.8 no.5
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    • pp.19-27
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    • 2005
  • The earth is a huge magnet. All organisms live under the magnetism of earth. The magnetism influences the ions in the cells of organisms and variously functions to lives as well. The medical treatment with magnet has come down from the ancient, it has an effect on the plants' growth. But there are no scientific studies about the influences of magnetism on plant growth. Accordingly, the experiment about the influence of magnetism on several foliage plants was carried out in this study. The promotion of plants' growth led by magnetism will be the method to save the management cost of horticultural market by early shipment. As a results of this experiment, plants treated with magnets showed excellent growth especially in length growth. The experiment results of the respective plants are the following. 1. Rhapis flabelliformis : This have grown so very well in the container lined with magnets as time goes by. Showing the significant(p<0.05) differences, the length growth of Height and Length of leaves was especially distinguished. 2. Howea belmoreana : This has grown well in all containers. Showing the significant(p<0.05) differences, the length growth of Height and Length of leaves was especially distinguished. 3. Chamaedorea seifrizii : There have been the growth differences between Height and Length of leaves as time goes by. The growth of Height and Length of leaves in the container lined with magnets has been excellent. The number of leaves and number of branch generally had no big differences but the growth of Height and Length of leaves was excellent in the magnet container. The method of plant growth promotion with magnet should save the management cost for this reason. Therefore the succeeding studies about the plant growth under the influence of magnet intensity and kind must be performed. The studies with various plants are needed to activate the program for growing plants with magnet.

Effects of Calcium, Vitamin D and Egg Yolk Peptide Treatment on the Retardation of Longitudinal Bone Growth Induced by Low-Calcium Diets (저칼슘 식이로 유발한 성장 저하 흰쥐에 대한 칼슘, 비타민 D 및 난황 펩타이드의 투여가 장골 길이 성장에 미치는 영향)

  • Kim, Myung-Gyou;Kim, Hye Kyung;Leem, Kang-Hyun
    • The Korea Journal of Herbology
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    • v.29 no.5
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    • pp.31-38
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    • 2014
  • Objectives : Egg yolk is composed of various important chemical substances for human health. A calcium shortage causes the growth retardation on the body growth. In this study, we examined the therapeutic effects of calcium, vitamin D and egg yolk peptide (EYP) treatment on the retardation of the longitudinal bone growth induced by low-calcium diet in adolescent rats. Methods : Low calcium diets were administrated for 15 days. During the last five days, calcium and/or vitamin D and/or EYP were administrated. The body weights, longitudinal bone growth rates, the heights of growth plates, and bone morphogenetic protein (BMP)-2 and insulin-like growth factor (IGF)-1 expressions were measured using histochemical analysis. Results : Low calcium diets caused the significant reduction in body weight gains and the longitudinal bone growth. The heights of growth plates and the expressions of BMP-2 and IGF-1 showed the impairment of body growth as well. Calcium and/or vitamin D administration could not significantly increase the longitudinal bone growth. However, calcium, vitamin D, and EYP administration significantly increased the bone growth, the growth plate height, and BMP-2 and IGF-1 expressions. Conclusions : These results suggest that EYP enhances the longitudinal bone growth in the calcium and/or vitamin D deficiency and it could be a promising agent for the treatment of children suffering from malnutrition.

Aggregate Productivity Growth in Korean Manufacturing: The Role of Young Plants

  • KIM, MINHO
    • KDI Journal of Economic Policy
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    • v.39 no.4
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    • pp.1-23
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    • 2017
  • I measure aggregate productivity growth in manufacturing between 1995 and 2013 as defined by Petrin and Levinsohn (2012). I decompose aggregate productivity growth into technical efficiency improvements, resource reallocations, and net entry effects. I find that aggregate productivity growth slows down after 2004 and that the rapid drop in technical efficiency growth contributed most to the decline. In this paper, I focus on the role of young plants with regard to productivity growth of Korean manufacturing. I show that young plants account for nearly half of APG (48%), while their value-added share is 14 percent on average between 1995 and 2013. I find that productivity growth at young plants has been declining for the last ten years. The lower growth of continuing young plants contributes to this trend. These results stress the important role of young plants in aggregate productivity growth and imply that understanding the dynamics of young plants is necessary to form effective start-up policies.