International journal of economic research最新文献_第9页

Impact of foreign exchange crisis on Household Income Structure 外汇危机对家庭收入结构的影响

International journal of economic research Pub Date : 2008-11-01 DOI: 10.17256/JER.2008.13.2.004

Younguck Kang

引用次数: 0

Cross-border shopping and commodity tax competition in imperfectly competitive markets 不完全竞争市场中的跨境购物与商品税收竞争

International journal of economic research Pub Date : 2008-11-01 DOI: 10.17256/JER.2008.13.2.001

Sung-kyu Lee

{"title":"Cross-border shopping and commodity tax competition in imperfectly competitive markets","authors":"Sung-kyu Lee","doi":"10.17256/JER.2008.13.2.001","DOIUrl":"https://doi.org/10.17256/JER.2008.13.2.001","url":null,"abstract":"This paper studies price competition between two firms and tax competition between two governments by using a spatial model under the assumption of imperfect competition. With considering firms' fixed location and cross-border shopping, consumers try to take advantage of price or tax differentials and each government which maximizes the tax revenue on the basis of Leviathan model may attempt to induce cross-border shoppers into its own country by lowering its own tax rate than the competitors. This corresponds to the idea of tax competition which is the process of lowering tax rates to induce cross-border shoppers. This is a two-stage noncooperative game in which two firms compete independently in prices in the second stage and then two governments compete noncooperatively in taxes in the first stage. In this Nash noncooperative game, there exists symmetric or asymmetric Nash equilibrium which depends on cost structures. In particular, tax differential between governments implies 'asymmetric Nash equilibrium' in a noncooperative game. In our model, assuming imperfect competition and in particular, considering the case of different production costs, it is shown that tax differential stems from the difference in costs between two firms. This difference in tax rates induced by cost differential provides a major incentive not only for consumers to engage in cross-border shopping but also for governments to compete in taxes noncooperatively.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"222 1","pages":"183-210"},"PeriodicalIF":0.0,"publicationDate":"2008-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77583518","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Capital Structure Changes in Korea from 1981 to 2005: Evidence and Implications 1981 - 2005年韩国资本结构变迁:证据与启示

International journal of economic research Pub Date : 2008-08-20 DOI: 10.17256/JER.2008.13.2.002

Seungwook Bahng

引用次数: 1

Simultaneous Spatial Model of Highway-Employment for Economic Growth in Missouri 密苏里州高速公路就业对经济增长的同步空间模型

International journal of economic research Pub Date : 2008-05-01 DOI: 10.17256/JER.2008.13.1.002

Yong-lyoul Kim

{"title":"Simultaneous Spatial Model of Highway-Employment for Economic Growth in Missouri","authors":"Yong-lyoul Kim","doi":"10.17256/JER.2008.13.1.002","DOIUrl":"https://doi.org/10.17256/JER.2008.13.1.002","url":null,"abstract":"This paper analyzes the interdependency between highways and the industrial, manufacturing, and retail trade sectors in Missouri through a simultaneous highway-employment spatial econometric model. The coefficient on the highway variable of population is statistically significant and positive, but those of manufacturing and retail trade employment equations are insignificant. The coefficients on interstate highway accessibility are also all insignificant. Spatial lag coefficients on manufacturing employment and population equations are significantly positive. The manufacturing employment level within a county does not appear to have a positive effect on the employment level of retail trade, population, or wage in the neighboring counties. The employment of retail trade depends on the population in the neighboring counties. The county population increases with the employment level in retail trade and wages in the neighboring counties. The results show that highways in a particular county have negative effects on employment growth in manufacturing and retail trade within that county. However, highways within a county are important factors in attracting additional population. Highways in Missouri may aid in increasing wages rather than assisting households to increase the labor supply.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"66 1","pages":"45-71"},"PeriodicalIF":0.0,"publicationDate":"2008-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88453575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Stress EAD: Experience of 2003 Korea Credit Card Distress 2003年韩国信用卡危机的经验

International journal of economic research Pub Date : 2008-05-01 DOI: 10.17256/JER.2008.13.1.003

Myung-Jig Kim

引用次数: 1

Analysis of Economic Feasibility of Integrated Gasification Combined Cycle(IGCC) as a Next Generation Power Supply in Korea 综合气化联合循环(IGCC)作为韩国下一代电源的经济可行性分析

International journal of economic research Pub Date : 2008-05-01 DOI: 10.17256/JER.2008.13.1.006

Suduk Kim

引用次数: 9

The Link between IT Investment and Securities Firms’ Returns in Korea 韩国信息技术投资与证券公司收益的关系

International journal of economic research Pub Date : 2008-05-01 DOI: 10.17256/JER.2008.13.1.001

Sangjoon Jun

{"title":"The Link between IT Investment and Securities Firms’ Returns in Korea","authors":"Sangjoon Jun","doi":"10.17256/JER.2008.13.1.001","DOIUrl":"https://doi.org/10.17256/JER.2008.13.1.001","url":null,"abstract":"This paper analyzes the effects of IT investment on the performance of Korean securities firms using various panel estimation procedures. To date the existing literature lacks research on the relationship between IT investment and securities firms’ performance, only covering banks and other firms. Annual panel data on the financial statements and IT investment measures of 22 Korean securities firms are exploited in the empirical analysis. Considering the results of panel unit root tests, the profitability equations of the securities firms are estimated by fixed and random effects models and panel GMM(generalized method of moments) techniques. The positive relationship between ROA and the capital budget ratio is shown to be the strongest among various proxies for returns and IT investment. The IT investments of large, retail, and high-IT securities firms are found to yield stronger profit enhancements than small, wholesale, and low-IT firms in the analyses by group. The goodness of fit of the estimation models is improved by the selection of regressors based on financial analysis theories as compared with the existing literature. Several explanations are provided for the above findings.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"9 1","pages":"1-43"},"PeriodicalIF":0.0,"publicationDate":"2008-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79757424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

The Effectiveness of Parametric Approximation: A Case of Main- frame Computer Investment 参数逼近的有效性:以主机投资为例

International journal of economic research Pub Date : 2008-05-01 DOI: 10.17256/JER.2008.13.1.005

Sung-Jin Cho

{"title":"The Effectiveness of Parametric Approximation: A Case of Main- frame Computer Investment","authors":"Sung-Jin Cho","doi":"10.17256/JER.2008.13.1.005","DOIUrl":"https://doi.org/10.17256/JER.2008.13.1.005","url":null,"abstract":"The general method to solve the fixed point problem is a discretization of observed state variables. When the observed state variable is continuous, the required fixed point is in fact an infinite dimensional object. Therefore, in order to solve the fixed point problem, it is necessary to discretize the state space so that the state variable takes on only finitely many values. But there are limits regarding this method: (ⅰ) “curse of dimensionality”; (ⅱ) the limits it places on our ability to solve high-dimensional DP problems. Despite these limits, this method have been used in many literature. However, The discretization method may not be applicable to computer replacement research to solve the fixed point problem, because of the aforementioned problems. Using a detailed data set on computer holdings by one of the world’s largest telecommunication companies, this paper shows the effectiveness of Parametric Approximation procedure by comparison with the discretization method, which converts the contraction fixed-point problem into a nonlinear least squares problem with combining maximum likelihood estimation method to estimate the unknown parameters.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"17 3 1","pages":"125-148"},"PeriodicalIF":0.0,"publicationDate":"2008-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76992507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

On the economic incentives of CBP market in Korean electricity wholesale market 论韩国电力批发市场CBP市场的经济激励

International journal of economic research Pub Date : 2008-05-01 DOI: 10.17256/JER.2008.13.1.004

G. Wang

引用次数: 0

Endogenous Timing in a Mixed Duopoly with Managerial Delegation: A Quadratic Cost Case 具有管理授权的混合双寡头的内生时机:一个二次成本案例

International journal of economic research Pub Date : 2008-03-31 DOI: 10.17256/JER.2008.13.2.003

Yasuhiko Nakamura

引用次数: 7