Sung Jin Kang

본 연구는 한국의 가구 및 개인 패널 자료인 한국노동패널을 이용해서 각 개인들이 느끼는 생활만족도의 변화를 알아보고 결정변수들이 무엇인가를 실증적으로분석하였다. 연도별로 보면 전반적으로 생활만족도가 증가하였으며, 지역별로 증가한 지역은 전북, 대구, 대전 순으로 나타났으며, 반면 감소하거나 증가폭이 작은 지역은 울산, 충북, 부산 순으로 나타났다. 전반적인 생활만족도(행복감)에 영향을 미치는 결정요인에 대해 확률효과 Ordered Probit을 이용하여 실증분석한결과는 다음과 같다. 첫째, 개인의 소득(소비)은 생활만족도에 긍정적인 영향을미친다. 둘째, 자신이 속한 지역의 평균 소득(소비)수준은 자신의 생활만족도에부정적인 영향을 미친다. 이는 전통적인 소비이론에서 주장하는 개인별 효용함수가 독립적이라는 전통적 가정보다는 상호의존적이라는 상대소득가설을 더욱 지지함을 의미한다. 셋째, 생활만족도는 일시적인 경험이지만, 생활만족도에 영향을 미치는 결정요인들은 지속적으로 영향을 미친다. 생

Abstract The purpose of this study is to discuss the various issues regarding de‐industrialisation and to systematically analyse the causes of this phenomenon. In addition, the effect of the recent increase in foreign direct investment on de‐industrialisation will be analysed. Unlike extant studies, this study employs a more reliable method of estimation, known as the generalised method of moments system, for establishing the importance of foreign direct investment (FDI) with regard to de‐indust

The objective of this study was to investigate the impact of environmental policies on bilateral green exports among developed and developing countries. The empirical analysis was based on the fixed-effects gravity model estimation with the PPML (Poisson pseudo-maximum likelihood) for bilateral green trade of world countries for 1990–2019. This study focused on two proxy environmental policy indicators: environment-related tax and energy intensity. The major findings were that, first, promotion

The price and output elasticities of energy demand continue to be of interest to academia and policy institutions, having been estimated in previous studies. However, the estimated results show some inconsistencies, especially at the sectoral level, across countries. Based on our conjecture that those inconsistencies are mainly due to the effect of contingent energy intensities and partially to different units of analysis, we narrowed the analysis to the industry level and classified 16 industri

An endogenous growth model has been developed that extends Sidrauski (1967), Roubini and Sala-i-Martin (1992,1995) and Lucas (1988) by combining financial development, human capital investment, and external openness. Financial development and trade liberalization are shown to increase the economic growth rate by increasing the marginal benefits of human capital investment. Expansionary governments are, however, provided with an incentive to increase the money supply growth rate, to repress the f

Abstract This study empirically examines whether managerial myopia leads to short-termism of innovation strategy using Korean firm and USPTO data covering 1980–2017. The main finding is that payout indicators, as the proxy variables for financialisation and managerial myopia, have a negative effect on innovation, quantitatively and qualitatively. Hence, managerial myopia and short-termism of innovation strategy are related. Further, estimation by the firm’s size reveals that the hypothesis of ma

This study investigates the effect of personal remittance inflows and financial development on the economic growth of 29 economic transition countries for the period of 2000–2015. Dynamic panel system GMM estimation results show that there is a positive relationship between remittance inflows and economic growth. It also shows that remittances and the level of financial development have a substitute relationship in promoting economic growth. So the remittance inflows have a positive effect on ec

Using household panel data from Korea for 1995–98, this paper shows that private transfers of Korean households were altruistically motivated. Although the altruistic motive of households seemed to be reinforced during the financial crisis, the amount of private transfers was still not sufficient to support households living in urban areas. Also, there had been a strong crowding‐out relation between private and public transfers. This suggests that the Korean government should have designed its p