Earticle

본 논문에서는 정보기술투자가 국가경제성장의 유의한 요인이라는 기존 연구 결과를 기업단위에서 이해하기 위하여, 기업의 생산성과 요소대체성, 그리고 기 업성장에 미치는 영향을 분석하였다. 미국기업들의 1988-1992년 자료를 분석한 결과, 정보기술투자는 기업의 생산성증진과 기업성장에 중요한 역할을 하였다는 것을 알았다. 한국기업들은 1996-1998년 동안에 정보기술투자로부터 생산성증 진을 달성할 수 있었으나, 기업성장에의 기여는 발견할 수 없었다.

패널데이타를 이용하여 항상소득가설을 실증분석한 연구들은 대부분 PSID에 기초하여 소비행동을 분석하면서 PSID에서 비내구재 소비지출로써 유일하게 이용가능한 음식비를 비내구재 지출에 대한 대용변수로 사용해 왔다. 항상소득 가설의 검정에 대하여 많은 연구들이 보여주는 상반되는 결과는 분석에 적합하 지 않은 자료에 기인한다고 할 수 있다. 비내구재 소비지출은 음식비 이외에도 피복비, 주거비, 교양․오락비 등을 포 함하고 있으므로 음식비를 이용하여 가계의 소비행동을 추론한 결과와 해석을 비내구재 소비지출을 이용한 분석에 그대로 적용하는 것은 많은 문제점을 내포 할 수 있다. 본 연구는 비내구재에 대한 지출과 음식비를 비롯한 다양한 소비지출 자료를 이용하여 항상소득가설을 검정하고 음식비의 대표성과 유효성을 분석한다. 음식 비와 비내구재 소비지출은 고려한 소득변수의 형태에 따라 혼합된 결과를 보여 준다.

In this study, the concept and characteristics of REITs are presented firstly, and secondly, the main effects on real estate market and financial market when introducing the REITs are analyzed. REITs(Real Estate Investment Trusts) are corporations or trusts which raise funds from a large member of small investors and invest in real estate and related debts. Considering the effects on real estate market, we could find that REITs may raise the price of real estate in the viewpoint of short term, but may stabilize the price of real estate in the viewpoint of long term. We can also find that the structure of real estate market may be changed. And considering the effects on financial market, we can find that the REITs as a financial good have intermediate characteristics between stocks and bonds in terms of return and risk structure. We can also find that the structure of capital market may be affected. Some policial considerations may be made in order to operate REITs system successfully.

The main purposes of this study are to analyze an industrial structure in the Kyongbuk region by the methods of regional analysis and to explain political strategies of the industrial structure. Until now, most regional studies were mainly analyzed by simple quantitative methods. However, in order to overcome these problems and to get an exact analysis results this study adopts various regional analysis methods. The selection of regional growth industry must be based on the results of various regional economic analyses and examined in terms of the conditions of location and regional characteristics. This study analyzes regional industrial structure using LQ method, shift-share analysis, regional growth rate differential analysis, and regional input-output model. The growth industries that are analyzed are as follows. Precisely, those of the manufacturing industries are agricultural mixed products, primary metal products, textile mill products, leather and fur products, electronic components and communications equipment, electrical machinery, motor vehicles, and other transportation equipment. And, those of the service industries are transportation and warehousing, communications, tourist business, and information and communication services. Conclusions driven by this study present some political strategies for growth of industrial structure of Kyongbuk region. Because these strategies have gradual effect over the real economy they must be executed in a consistent and continuous way.

The Korean economic crisis was the joint product of government incompetence and the moral hazard behavior of banks and private conglomerates known as chaebols. Three kinds of policy mistakes could be ascertained. The first great policy mistake concerned the rigid exchange rate stabilization policy of the Korean government. The second mistake was the asymmetric regulation on the inflows and outflows of foreign capital and on short and long term borrowings. The third and most often forgotten policy mistake was the inability to deal with the rigidity of the labor market.