In recent times, local governments and policymakers in Korea have been strongly interested in sustainable growth or job creative growth locally, but how? The purpose of this study was to expand our understanding of the relationship between regional economic growth and the local characteristics...

Due to the structural low-growth around the globe and the advent of the 4th Industrial Revolution, industrial and regional policy see a paradigm shift. Industrial policies shift from ‘picking or backing winners’ to ‘matching winners’. ‘Matching winners’ industrial policy aims to...

Since the end of WWII, the United States was the leading force globally for free trade. Since the early 1980s, it was also the leading force for laissezfaire economics, promoting the “Washington Consensus” of limited government and free markets, both at home and abroad. That era has...

The purpose of this paper is to investigate the possible role of asset tangibility (mainly collateral) on corporate’s investment decision. To satisfy the purpose, we highlight the differences of corporate investment behaviors between the 1990s and the 2000s considering its financial phase. The...

South Korea has been one of the thinnest countries in the world. According to the World Factbook (CIA, 2014), the obesity rate of South Korea (7.7%) was ranked 139th out of 191 countries in 2008. Upon growing familiarity with westernized cultures, the obesity percentage for the overall South...

Corporate investment leads job creation and output growth by increasing capital accumulation in the short-run, and also acts as a crucial element for sustainable economic growth in the long run. However, the external economic environment that Korea faces is currently not so bright. The U.S....

Competitive advantage elements and conditions for sustaining in the TV industry have changed significantly because the global financial crisis has led to rapid changes in the environment for consumer electronic industry. The global financial crisis left many economies in a state of low-growth...

A remarkable feature of the 2008-09 financial crisis was that it led to an exceptionally rapid and large contraction in world trade. For example, nominal world trade fell by 30% in just one year ending in the first quarter of 2009.1) The trade collapse was also unparalleled in its...

This is the third edition of the KIET Korean defense industry statistics and competitiveness report in 2014. The main purpose of this report is to establish the basis of the Korean defense industrial statistics with an actual survey from 2008 to 2013. Moreover, it also includes the defense...

Upon review of the recent global demand of renewable energy, it was somewhat a situation of atrophy, because European countries that have led the market abruptly reduced their subsidy on renewable energy because of their economic recession. Specific backgrounds of the acute global demand drop...