Fostering entrepreneurship is emerging as an important policy agenda for creating jobs. In particular, advanced countries such as the US and EU nations are actively gearing their various public and private measures toward supporting and encouraging entrepreneurial spirit and actions that lead to...

Starting from financial crisis in the USA in 2007, the global economic recession hit the world economy. After the crisis, the world economy has been looking for more efficient ways to recover its economic vitality without contributing to the deteriorating environmental and energy usage crisis....

Improvements in regional competitiveness and development based on their characteristics and comparative advantages of specific regions are an important issue for government economic policy makers. To this end, the government has put forth policies such as local industry promotion program,...

COVID-19 was first reported in China in December 2019 and has since rapidly spread worldwide. It was declared a pandemic by the WHO in March 2020. In Korea, the first confirmed case of COVID-19 was on January 20, 2020. Thus, 2020 was a year that the Korean economy spent entirely under the shock...

The Moon Jae-in administration announced on December 2017 the 8th Basic Plan for Longterm Electricity Supply and Demand (8th BPLE), which emphasizes environmental and safety factors while reflecting the need for a stable power supply and economic efficiency. The 8th BPLE is called an “energy...

Since most official estimates of major macroeconomic variables that market participants and policy makers keenly monitor in real time come out with significant publication lags, nowcasting literature especially targeted on key macro variables has trended over the recent years. Nowcasting refers...

n this article, we focus only on the SR component of demand, and our main aim is to address the third deficiency in addition to the first two. In place of a TRF, we introduce a new concept : the cross-temperature response function (CTRF). The CTRF employs economic covariates directly in the...

Technological innovation and hyper connectivity enabling communication among machines or between machines and humans via the use and evolution of Information and Communication Technologies (ICT) is increasingly changing not only industry but also society. These changes in the industrial sector...

The development of high-end and high-performance medical treatment apparatuses (MTA) has captured great attention of Chinese government over the past few years. In May 2014, Chinese President Xi Jin Ping inspected businesses in the Shanghai Pilot Free Trade Zone as well as some other...

The medical services paradigm is changing along with the development of technological innovations and shifting socioeconomic forces including the aging population, reduced medical costs and the desire for a healthy life. Medical services are expanding from provider-oriented treatment services to...