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      • 美國의 金本位制度廢止 이후의 國際通貨秩序에 관한 硏究

        孫鎬經 명지대학교 1982 明大論文集 Vol.13 No.1

        Ⅰ. 問題의 提起 Ⅱ. 固定換率制의 終息 1. IMF 評價制度 및 通貨調整過程 2. 準備金으로서의 달라貨와 機能의 限界 Ⅲ. 兌換停止 背景으로서의 美國際收支推移 및 기타 諸要因 1. 諸基準에 의한 달라貨의 不安定度 分析 2. 通貨危機 및 달라貨 不安定의 直接的 諸要因 Ⅳ. 달라貨 流動化 이후의 國際通貨秩序推移 및 決定要因 1. 새로운 通貨秩序에의 接近 2. 通貨圈形成과 通貨圈形成의 주요 諸要因 3. 主要國 通貨價値決定의 기타 諸要因 Ⅴ. 美國의 通貨政策과 달라貨의 展望 1. 美通貨政策의 方向 및 달라貨의 展望 2. 金本位復歸의 前提條件

      • GQ 生産函數의 函數形態 導出 및 動態的 生産函數 展開에 관한 고찰

        孫鎬經 명지대학교 1986 明大論文集 Vol.17 No.-

        In view of the production functions being analyzed currently the well-known CD-CES production functions are only ones susceptive of various difficulties in practical applications. Such facts about the production functions are caused principally by the restrictions involved in the functions classified as follows. ① Constant returns to scale, ② Unitary elasticity of factor substitution, ③ Constant share of distribution for production factors. Comparing the production functions with each other, however, the CES side is conspicuously alleviated in its restrictions toward flexibilities. In short the CES is subject to such features as variable returns to scale, constant elasticity of substitution and varying distribution share of production factors in contrast with CD. But these two depend on identical criterion of analysis viewing on fundamental analytical schema in spite of alleviation of the CES. Other production functions to be put in the same category are Leontief Production function and activity analysis production functions. These also assume non-substitution of factors. In this respect, broadly speaking and reflecting on today viewpoint, these all production functions form a classical foundation of production analysis. Then what sort of production functions are developed after CES, and how are they different from the above mentioned hypothesis of production functions? Production functions analyzed since CES are these: ① VES(variable elasticity substitution), ② GQ(general quadratic production function, ③ Macro-production function of duality theorem, ④ Intertemporal production function. These are representing fundamental transformation from the aboves. These are in common dynamical. Especially VES starts its analysis from the idea that factor's marginal productivity and elasticity of substitution are indifferent with the rato of capital to labor and returns to scale. It therefore trys to specify the correlations between factor substitution with capital intensity, labor skill, returns to scale and time element. GQ production functions on the other hand overcome the two factors-Iimitation of the CD-CES and proceede to n factors. It then analyzes output expansion paths together with homothetic production function, possible factor elasticity. For analysis of these facts cost functions and the duality theorem are used as analysis criteria. It also trys to relate short term results with long run trend, and to derive partial factor substitution over time. Finally the intertemporal production functions effort to derive the dynamic formation process of its own functions. In these various respects those production functions result in new developments of new functional forms of production function. This study, therefore, are concerned with their formation of functional forms, its derivation and prospects of applications, precisely following their development process from CD-CES separately.

      • 部分的 金換本位制度 導入可能性에 관한 고찰

        孫鎬經 명지대학교 1987 明大論文集 Vol.18 No.-

        The theory of monetary economics has experienced intensive and fast developments in recent years. The conventional monetary economics concerned mainly in the quantity theory of money, that is, in the influence of the quantity of money in the economic system and in the supply of money as an instrument for achieving the objectives of general economic policy. Such tendency, however, declined conspicuously in the face of the overshot fields of business cycle, income and employment theory. It is true that Keynes' General Theory stands most high among those impacts. Toward this diretion growth and development economics added another increased momentum. Monetary economics, therefore, tried to overcome these various influential developments with the apparatus of general equilibrium analysis by J.R. Hicks and Keynes' emphasis to treat money as and asset resulted in theorists' effort to bring money within the general framework of the theory of choice. And monetary economics showed to appear in new clothes around a few of leading topics in the meantime, namely, four broad topics of ① the problem of the neutrality of money, ② the theory of demand for money, ③ the theory of money supply and monetary dynamics. ④ monetary policy. Incessant drive into these monetary topics brought fruitful consequences as follow: ⓐ variance of the quantity of money affects interest, ⓑ monetary equilibrium and stability depend not on the wealth effect of the real balance of money but on the substitution effect among monetary and financial assets, ⓒ monetary theory transferred the behavior theory by applying capital theory and flow money transferred to demand theory for money, ⓓ derivation of a stable money demand function, ⓔ rigorous effort to decide whether to pursue monetary economics by demand and supply equation or by income expenditure process. But all of such intensive and fast developments along these leading topics exclusively were achieved centered on demand theory for money in retrospection. Contrasted to it the supply theory for money contributed not much. The Supply theory for money has been suggested promising development at more recent present. The aim of this paper is to pick out the gist of the progress of the supply theory for money and to apply its important principle for the feasibility of partial gold exchange monetary system, by regarding the gold exchange as a supply system for money.

      • 輸出增大를 위한 中小企業의 近代化 方案 : 開發途上 國家에 있어서의

        孫鎬經 명지대학교 1971 明大論文集 Vol.4 No.-

        It is admitedly known that our country is one of the most rapidly developing economics over the world. The rapidly developing economy implies the one in which the investment rate per year exceeds the growth rate of income. If a nation has plunged into a stage of high growth by moving from tradition steadiness to transition and resulted in higher investment rate than the income growth, every aspects of industries begins to change, especially in the structure of industries and in the growth rate of every industry. According to H.B. chenery, the main reason that brings the changes in industrial structure and growth rate to the industrial society in the process of rapid economic growth is the income amplification. But Eugene Staly and Richard Morse who research at the Standford Research Institute, point more sensibly and more concretly the forces that moderate the trend toward bigness and, in some circumstances, give the competitive advantage to small and medium plants as follows: (1) physical and engineering relationships, (2) products in which skilled labour or high precision are critical, (3) mass production of specialized components or end items, (4) products made in small lots and short runs, (5) locational factors and transfer costs, (6) technical excellence in design or innovation in the speclized products, (7) personal relations in the small firm, (8) operating flexibility and lower overheads, (9) selling services, (10) rapid response to growth opportunities. This classification of reasons by Staley and Morse cuts the both ways. In the process of developing economy the small and medium industries can complement the large industries if they accomodate and grow harmoniously throuh the behalf of the above forces. And the small and medium industries, therefore, can enhances the efficiencies of the economy as the result of the missing complement, and can also give higher competitiveness to the economy internationlly. But if they accomdate unfittingly, both themselves and large industries are bound to frustrate in and out. What are the measures that the small and medium industries could be given the appropriate opportunities for accomodations and growth for meeting the higher developing pace. For the purpose of answer, this study have developed the arguement in three stages: First, the method that can specify the approprate and indispensable types of small and medium industries in the developing economy. As the methods of specification three method are suggested; (1) statistical and inductive method, (2) technoeconomic method, (3) historical and developmental stages mothod. Second, the standard criteria of the choices of investment, products and technique that the types of small and medium industries must adhere to in the developing process. Finally the developmental measures the development planners, administrator, technical assistance expert, or business leader are supposed to apply to aid the small and medium industries in developing economy, through promoting efficiency, adaptation to new cirsumstances, growth and international competitiveness of the industries, and through enhancement of complement between the large industries and small medium industries. For the final measures this study summarizes the methods as follows (a) Ways of increasing the number of efficient entrepreneur-managers. (b) Developmental facilities for small an medium industries aid. (c) Development finance. It is needless to say that the small and medium industries can achieve the abilities to accomodation and international competitiveness in the goings of the economy's high rate development.

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