Earticle

The purpose of this study is to investigate the impact of Korea’s regional logistics industry on economic growth, considering the network and spillover effects, and to derive the optimal efficiency area for effect of the logistics industry on the economic growth and to provide implications for the establishment of logistics policies. The analysis is doned by using general panel model and dynamic panel model. The results of the empirical analysis are as follows: First, the impact of the growth of the logistics industry on economic growth is large in the Jeolla and Seoul metropolitan area and relatively small in South-east and Chungcheong area. This phenomenon occurred similarly to effect of the growth of the logistics industry, measured in capital, such as roads, on its own economic growth. Next, the effect of the spillover effect of the growth of logistic industry in other area on economic growth in own area is as follows: In the Seoul metropolitan area and Jeolla area, the synergy effect from the spillover effect with other regions as a whole is absolute and relatively large. In relation to the impact of the growth of the logistics industry measured by capital, such as roads, spillover effect of capital networks with other area on economic growth is relatively large in Jeolla and Chungcheon area. The impact of the growth of the logistic industry of integrated area on the economic growth of the integrated area is absolutely large when all the areas integrate with the Seoul metropolitan and Jeolla area. while the spillover effect of the integrated area with the Chungcheong area on the integrated area’s own economic growth is smallest. In addition, when other areas integrate with the Seoul metropolitan area, the effect on economic growth of the integrated area is relatively large. Based on the above analysis results, it suggest that a new ‘policy area’ is needed considering the spillover effect of each area rather than an administrative area in relation to establishment of the policy of logistics industry.

This paper analyzes the causal relationship between the output and the credit using the Structural VAR(SVAR) framework. The data sets used in the analysis include the growth rate of the OECD countries, domestic GDP, consumer price index, call rate, loan rate of the commercial banks and total credit in the non-financial sector. The empirical results can be summarized as follows. First, the increases in the credit lead to the output increase, and the increase in the credit also can be the result of the increase in the output. Second, based on the impulse response analysis, it can be shown that after the shocks to the domestic GDP, the credit supply increase and after the shocks to the domestic GDP, the GDP increase within the two quarters. Third, based on the analysis of the variance decomposition, the contribution of the unexpected increase in the credit to the real GDP variation is less than 1%, while the contribution of the GDP to the credit is significant. These results imply that the output and the credit have the causal relationship each other in the short-run, but the effects of the shocks to the credit on the output do not exist in the long-run.

This paper investigates the effect of import penetration as a cause of the acceleration of technological development. The trade intensity and engagement level have been a long-debated bilateral trade issue, especially when there is a regional supply chain. China is the base of a relatively big regional supply chain formed in East Asia. Korea is one of the key contributors to this unique trade structure. This paper aims to illustrate Korea’s import penetration as one of the key contributors to China’s industry-level technological development. This paper adapts Autor’s baseline investigation on the import penetration and follows the latest research of a Key Paper using different country and industry group. As a robustness check, we analyzed a periodic gap effect of the independent variable to reflect the time between the period when a relatively high competition in each industry has occurred and the time firms in each industry became more competitive. Regardless of the large size of Chinese economy, Korea’s import penetration over Chinese industry showed a significant influence. Although the influence vary differently over each industry, industries where Korea has relatively high competitiveness showed significant effect over technological development. Through the research of periodic gap effect, this paper proved the intuitive idea of the time gap existence. Apparently, the import penetration of t-1 showed stronger coefficient than t and diminishes after t-2. Existing studies in trade somewhat ignored such analysis between countries where relatively big difference in the scale of economy exist. This paper tried to describe that even there is a big difference in scale between sample countries, if there is a significant level of engagement and a global level competitiveness, small countries could affect the large ones. This paper used a time lag variable to analyze the different period of observation over variables.

This study has focused on the influence of Supply Chain Resilience management on the financial performance of automotive-related companies. Resilience stands for the ability to be prepared and agile to withstand future risks. The main objectives of this study are to provide the need and proper direction of a change in perception of the supply chain resilience management of companies and to support manager’s investment decisions. Researchers have suggested four factors that constitute supply chain resilience: ‘preparedness’, ‘alertness’, ‘agility’, and ‘continuity’ as theoretical variables. A survey was conducted on 106 parts manufacturers working with domestic finished car manufacturers to demonstrate the influence of supply chain resilience on financial performance. Based on the collected data from the survey, empirical analysis with respect to the research theory has been carried out. In the empirical analysis process, descriptive statistical analysis, correlation analysis, validity and reliability analysis, and multiple regression analysis have been performed. Through this study, it has been found that among the four main factors that constitute supply chain resilience, supply chain agility and supply chain continuity have positive effects on the company’s financial performance. In addition, investment in supply chain resilience management can be seen as a measure to establish a safety net for businesses in a global business environment. Moreover, The importance of supply chain resilience management in the automotive industry has been rediscovered, and results of this study are expected to help enhance the competitiveness of the automobile manufacturing industry.

This study examines impacts of green country image and country familiarity on green trust, attitude, and purchase intention of foreign products. Online survey was conducted in China to examine the relationships of variables, and 298 questionnaires were used for analysis. The study results indicate that cognitive green country image(CGCI) showed positive effects on foreign product green trust (FPGT), foreign product attitude(FPA) and foreign product purchase intention(FPI). However, affective green country image(AGCI) only showed a positive effect on FPGT. In addition, country familiarity(CFM) showed positive effects on FPA and FPI. These findings suggest that green country image and country familiarity can be important antecedents of foreign products consumption behavior. Finally the study discussed academic and practical implications from the study results and offered recommendations for further research.

Many of the conventions established by the United Nations Committee on International Trade Law (“UNCITRAL”) since 1980 contain common guidelines, such as: (1) The requirement to interpret these conventions in good faith. (2) A requirement that cases arising under this Convention must be resolved in accordance with the basic general principles of the Convention. Increasingly, courts and scholars are finding that even the “basic principles” contain requirements of good faith. This paper argues for the following three things. First, the CISG does not include the principle of good faith that binds the parties to the contract in accordance with the guidelines of good faith in Article 7 (1). Second, the general principle underlying the CISG regulations is not to discuss good faith. Instead of the basic principle, one of the cost reduction contracts is that the parties to the contract should minimize the cost of negotiation and implementation under the contract, if possible. Third, the CISG’s guidelines for good faith and the case law that details the general basic principles of good faith for the CISG are relatively scarce, and the court’s trust in the guidelines of good faith or the basic good faith is questionable.

Green packaging (GP), also known as sustainable packaging, which is considered to protect environment and save resources, was meeting the requirements of sustainable development. In trade area, through the important role in the ecological environment and human health, GP and its system might effect on China’s export a new trade protection measure. Here, this paper explained the definition and reimbursement of GP/GPB. It also provided packaging regulations in China’s major trading partners such as the European Union, the United States and South Korea and showed some trade cases related to packaging. Finally, in order to deal with GPBs effectively and eliminate or be weaken the impact of GPBs on China’s export trade, this paper proposed some suggestions. It is hoped that through the study of this paper, the research and development (R&D) of GP can be promoted, and the application value of GP can be exerted in China’s foreign trade and social production.