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허형도 동국대학교 지역정책연구소 2017 지역발전연구 Vol.10 No.1
Today, the Korean economy is stagnating due to a lack of investment and a slowdown in the growth of labor supply. The lack of employment, joblessness, youth unemployment, irregular worker productivity, low fertility and aging are big social issues. Moon Jae-in, who became the central element of the national policy in the 19th presidential election, has set its presidential pledge as a Republic of Korea together with growth and has set out detailed measures under five major economic policies. In order to present ideological grounds for this government policy, this study aims to identify the essence of capitalism and to search the alternative for overcome the inherent limitations of capitalism. This study reviews “human benevolent altruism” assisted by American evolutionary psychologist Robert Tribus, analyzes Bill Gates theory of creative capitalism and suggests the necessity of Humanitarian Creative Capitalism which is suitable for Korea This paper presents a new direction and strategic options for Korean capitalism based on Humanitarian creative capitalism, suggests economic policy direction for all to be happy and a method of adopting humanitarian creative capitalism into job creation, social security, and several policy sectors.
석유자원의 안정적 확보방안 : 비축 및 선물거래를 중심으로
허형도 동국대학교 경주대학 1995 東國論集 Vol.14 No.-
Because international oil markets are not guranted in stability in the future, we accepted the storage and futures transaction policy to overcome our importing country situation. But the most of petroleum storage are dependent on the government storage and the quantity of storage is very small to the developed countrie's level of stable seculity. All the more, futures transaction is still in basic stage. The summary of main results of thia study which present the stable security device of petroleum resources relative to the storage and futures transaction, are following as : First, in future, the plan of constructing storage facilities is accomodated to enlarge the scale in basis on the mid and long term demand forcasting of petroleum. Second, the regional divergence and circulation of storage, which is an advantage of commocial storage, is strongly encouraged by substantial supporting to storage cost. Third, in case of government storage, the security device of oil storage is changed to the various techniques, such like, the international futures transaction, the option and the swap transaction. Fourth, the cooperative storage policy with neighboring countries, such like, communicating information for storage business, participation of urgent accomodation system in storage oil, cooperative management and utilization for storage facilities, is expected to set up. Finally, the positive participation of the commercial oil refining business in the futures transaction markets is encouraged by incentives, and the long-run master plan for the participating futures markets must be established.
許亨道 동국대학교 경주대학 1991 東國論集 Vol.10 No.-
The purpose of this study is to reilluminate graphically the macroscopic relationship between energy sector and national economy, and to offer basic materials that will need to energy supply-demand, price and conservation policy by analyze the time series factor of energy cost change, and compare the role of energy as the factor of production. The results of this study is ; 1) The hyhothesis of inseperability between energy and economic growth- positive relationship between the national economic scale and the quantity of energy consumption- was also proved by our country's data of late 18 years. It's easy to predict that our country's foreign reliance degree of energy, most parts of energy depend on import, will not be decreased hereafter according to the lasting economic growth. 2) If price elasticity of energy input is less than '1', the rise of energy cost will reduce the potential G.N.P. And according to the substitution elasticity of energy to other production factor, the productivity of energy following the changing of energy price. And so, we can aware of the fact that it is possible to offer the correct direction of long-term energy policy in national economy by continuous investigation on the elasticity of price and substitution. 3) The result of factor analysis of the change in energy cost-intensity shows that it recorded 0.057 level in 1971, because of the rising factor of the energy unit-cost, but thereafter, according to the stabilizing trend of energy unit-cost, cost-intensity declined 0.027 level in 1989. 4) In the comparison and analysis of cost-intensity in manufacturing sector, the most sensitive types of industry to the twice oil shock was the basic metal industries, and the most insensitive types of industry was the non-matallic mineral products.
미래기술개발 필요분야와 R&D정책 : 에너지와 환경부문을 중심으로
허형도 동국대학교 경제경영연구원 무역연구부 1997 國際貿易硏究 Vol.21 No.2
Despite of having much more favorable energy situation than our country, the major developed countries are still fighting hard against energy security. Recently, they concentrate their investment on the sector of R&D for new energy technologies. This research presents the results of the analysis on the main components of energy R&D policy conducted by the major countries, which in expected to contribute to refine our R&D policy. From this study we know that each country has his own favorite field of R&D derived from the difference in characteristics of resources, level of technology and choice of innovation strategy, on which a series of more intensive study is recommended to be followed.
거시경제학적 환율이론은 회의적인가? : 주요 4개국 외환시장을 중심으로
허형도 동국대학교 경주대학 1997 東國論集 Vol.16 No.2
This paper shows that macroeconomic variables which are relative money stocks, real incoms and market interest rates, are relatively unimportant determinants of exchange rates, and argues the robustness of the random walk hypothesis, Using RW as a benchmark, incremental efficiency is investigated by a direct implementation of the definition of Granger causality rather than relying on indirect causality test techniques that trend to be relatively undemanding on the data. We conclude that exchange rates are found to be not only monetary efficient, but also macroeconomic phenomena.