Effects of foreign and domestic economic policy uncertainty shocks on South Korea

This paper investigates the effects of foreign and domestic economic policy uncertainty shocks on South Korea via structural VARs. The results show that both foreign and domestic policy uncertainty shocks exert negative and significant impacts on South Korea. Foreign economic policy uncertainty shocks are found to be more dominant than domestic economic policy uncertainty shocks in influencing the Korean output. The results also indicate that economic policy uncertainty that originates from foreign countries is a significant source of disturbance to the Korean economy, but domestic policy uncertainty plays a rather limited role in explaining Korean business fluctuations.     

社会主义政府如何主导国内商品经济建设

世界近代史以来,由于资本家们赤裸裸的血腥贪婪和权力不受群众有效制约的官僚们的左倾专制及右倾腐化,引发了一次次的西方经济危机和东方一些社会主义国家和平建设的挫折失误、改革开放的复辟变质。其代言人资产阶级自由主义经济学家故意混淆政府与经济及市场的关系、计划经济与市场经济的差别。这亟需我们给予马列主义的纠正,科学引导社会主义政府正确发挥主导作用,促进跨越式发展。     

现行科技税收政策的经济分析及其选择

本文对新经济与传统经济在宏微观上进行了比较分析 ,将有助于对新经济内涵的理解。     

Note on uncertainty and socially excessive entry

It is well known that under general conditions entry into imperfectly competitive markets is usually excessive. This note explores the effects of uncertainty on this result. Specifically, a firm that incurs entry costs might fail to successfully enter a market. In this environment, it is found that the previous conditions might not hold when there is uncertainty. That is, with uncertainty entry might be socially insufficient (instead of excessive) by more than one firm.     

基于循环经济视角的江西省县域经济发展及对策思考

随着中部崛起战略的实施,江西县域经济已占据江西经济半壁江山。但江西县域经济总体发展水平还处于落后状况,特别是在发展理念和模式上不能适应江西县域经济可持续发展的要求。发挥后发优势,大力发展县域循环经济,成为江西县域经济可持续发展的内在要求。文章相应探讨了对江西发展县域循环经济的对策与建议。     

试析台湾现代经济发展及对福建经济建设的启示

本文分析了台湾现代经济建设５０年的历程,指出台湾经济建设过程中的成功与失败经验,同时分析福建经济建设现状,提出借鉴台湾经济建设成功经验,吸取台湾经济建设的失败教训的几点建议。     

Macroeconomic effects of uncertainty shocks: Evidence from Korea

This paper proposes a new measure of economic policy uncertainty (EPU) for Korea by fine-tuning the keywords and exploiting information drawn from a wide variety of local newspapers. The uniqueness of our new EPU index lies mainly in the fact that it uses a set of keywords that correspond much more closely to actual language use and better reflect the economic environment of Korea, which is classified as a small open economy. After shocks to EPU being identified, we employ these shocks to estimate the impulse responses using local projections. Unlike the existing measure, our results show that shocks to EPU lead to a significant decline in macroeconomic aggregates such as output, consumption, investment, and employment. Thus our results suggest a refinement of the EPU index in general for other countries accordingly. We also develop policy-specific uncertainty indices and show that they capture important historical events related to the corresponding policies, such as monetary and fiscal measures.     

试析台湾现代经济发展及对福建经济建设的启示

本文分析了台湾现代经济建设 5 0年的历程 ,指出台湾经济建设过程中的成功与失败经验 ,同时分析福建经济建设现状 ,提出借鉴台湾经济建设成功经验 ,吸取台湾经济建设的失败教训的几点建议。     

南京地区韩国商务游客市场分析

近年来,韩国一些城市与南京的联系日益密切,韩国游客进入南京的人数不断增长。在商务旅游市场蓬勃发展的背景下,有必要研究南京地区韩国商务游客入境的概况,分析南京地区的商务旅游资源,展望未来南京地区韩国商务旅游市场的前景。     

关于经济全球化的再思考

本文基于对经济全球化的理论基础的分析,探讨了目前的经济全球化所导致的生产和分配领域的马太效应、全球资源的垄断、金融领域的金融霸权等现象。本文认为,在国际经贸活动缺乏公平和公正的前提下,真正的经济全球化离现实还很遥远。在目前的国际经济活动中,作为发展中国家的中     

提高博士生培养质量刍议

本文通过数据统计实证分析 ,发现浙江省的民营经济与国有经济在资金投入产出上存在严重的不对称 ,从而制约了民营企业的活力和快速发展 ,得出了改变对民营企业的传统偏见 ,为其提供一个宽松、公平、合理、有效的环境 ,加大国有金融机构对民营经济的信贷倾斜 ,设立专门为民营企     

论不动产物权登记的效力

江苏经济正处在市场化、国际化、信息化和继续工业化的新时期 ,本文针对江苏省的具体实践 ,分析了江苏省存在区域经济发展不平衡、产业结构不够合理等问题 ,进而提出用产业经济支撑江苏区域经济协调发展的几点建议及保障措施。     

新经济:基于传统产业的思考

信息费用的降低和全新的技术、产品创新机制是推动新经济到来和支撑新经济发展的本质因素。在此基础上 ,各产业部门的生产率普遍地提高 ,社会生产力的发展得到源源不断的推进力 ,市场空间由于信息费用的降低和新产品的面世而被不断地拓展 ,社会经济因此在整体上获得了持续、强     

开城工业园区及其对朝鲜经济改革的影响

从1999年10月确立开城工业园区,到2003年6月开工建设,直到2004年12月部分企业投产,开城工业园区的建设虽然经历了一个漫长的过程,但对朝鲜经济改革,对韩朝经济合作,对朝鲜半岛的和平、稳定与发展都将起到重要的作用.     

Cross-category spillover effects of economic policy uncertainty between China and the US: Time and frequency evidence

This study investigates the connectedness among three types of economic policy uncertainties, namely monetary, fiscal, and trade uncertainties, between China and the US. We used the spillover index measurement and the frequency-domain decomposition approach to detect the spillover effects of these categorical uncertainties from both the time- and frequency-domain perspectives. The results suggest that the spillover effects have time-varying characteristics, and some major events could sharply increase the spillover indices. More spillovers are mainly observed in the short-term, whereas the impacts of the medium- and long-term are limited. Furthermore, the leader of the spillover is monetary policy in China, but fiscal policy in the US, the spillovers of all uncertainties mainly exist domestically, apart from the US trade policy uncertainty. These results provide crucial implications for policymakers and investors, who should pay more attention to short-term spillovers and monetary policy uncertainty, which can mitigate their vulnerability to policy uncertainty shocks.     

清洁生产、循环经济与低碳经济:政府行为博弈市场边界

清洁生产、循环经济和低碳经济是改革开放以来政府主导下的将环境保护同经济活动相融合的三大重要制度创新载体,政府行为直接影响了资源环境要素纳入经济活动内部的推进轨迹和发展模式。从宏观历史层面阐述政府层面推动清洁生产、循环经济与低碳经济的发展过程和突出特征,分析体现政府诉求的推动模式和差异性的规制手段,研究表明,政府规制模式框架下制度创新的基本方向。应弱化末端治理,强化末端规制,覆盖政府自身的立法范围以及发展自愿协议。     

The spill over effects of monetary policies and the welfare effects of the currency appreciation in an open economy -A simple discussion

Based on new open-economy macroeconomics, this paper provides simple discussions about the equilibrium conditions of labour market, goods markets and money market in a two-country world model economy. Given one-period wage sticky assumption, the following conclusions are obtained, the monetary policy can impact labour supply and thereby the equilibrium of labour market in the short run; The spill over effect of monetary policy in home and foreign countries implies an important international transmission channel in terms of equilibrium relationships between home and foreign countries, which also demonstrates the welfare effects of currency appreciation.     

韩国银行进入中国市场的原因及风险研究

近年来，很多外国银行开始进入中国市场，韩国银行更是其中的佼佼者，本文通过回顾韩国银行进入中国市场的历史情况，从支持在华韩国中小企业发展的需要，中国政府放松对外国银行进入的管制，以及中国日渐成熟的消费金融市场来分析其原因，最后指出在华韩国银行经营过程中可能遇到的风险，并提出相关对策。     

徐州市民营经济发展方略研究

文章分析了徐州市民营经济发展的现状、存在的问题及其原因,提出了加快徐州民营经济发展的对策建议。     

Sources of and Responses to the Liability of Foreignness: The Case of Korean Companies in the Netherlands

Abstract

This study aims to investigate the liability of foreignness, or the additional difficulties of foreign companies compared to their local competitors. Past studies have found fair amount of empirical evidences for the liability of foreignness. The present study attempts to take one step further by addressing two questions: what are the sources of such disadvantages and what are the solutions sought by the companies? To do this, we conducted a field study exploring the on-going dynamics of foreign multinationals. Specifically, we collected primary data through interviews with Dutch and Korean managers of Korean multinational companies. Through the interviews, we found evidence for the existence of such disadvantages. We identified four sources of the liability of foreignness—cross-border transfer, interaction with the local government, local discrimination, and interaction within the multinational—and two ways in which these companies actively reduced their exposure to the problem—localization and unfamiliarity reduction. This study should be useful to both practitioners and theorists in international business with an interest in disadvantages connected to the foreign status of a company.