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    The Impact of the THAAD Retaliation on Chinese Visitors to Korea
    Yoojin Bin
    Pages 3-42
  • Abstract ( Eng | Kor ) || PDF
    • The Impact of the THAAD Retaliation on Chinese Visitors to Korea
      Yoojin Bin


         Economic sanction gives a negative impact on a targeted country. This paper examines the impact of THAAD retaliation on Chinese visitors to Korea. For analysis, difference-in-differences (DID) and DID with heterogeneous effects are employed. By analyzing the number of Chinese visitors based on age, gender, purpose, and port of entry, heterogeneous impacts are found. During the THAAD crisis, about 40% of Chinese visitors decreased. Both female and male Chinese visitors are affected negatively by the THAAD retaliation. Except for the 50s, all age groups are impacted negatively. Considering the purpose of the visit, only education shows a positive impact. The number of Chinese visitors dropped in all airports. In port cases, Busan and Jeju ports show negative impacts.
    •    º» ¿¬±¸¿¡¼­´Â »çµå º¸º¹ »çÅ°¡ ¹æÇÑ Áß±¹Àε鿡°Ô ¹ÌÄ¡´Â ¿µÇâÀ» ºÐ¼®ÇÑ ´Ù. ºÐ¼®À» À§ÇØ, ÀÌÁßÂ÷ºÐ¸ðÇü(DID)ÀÌ »ç¿ëµÇ¾ú´Ù. ³ªÀÌ, ¼ºº°, ¹æÇÑ ¸ñÀû, ÀÔ±¹ÀåÀ» ±âÁØÀ¸·Î 2013³âºÎÅÍ 2019³â±îÁöÀÇ ¹æÇÑ Áß±¹ÀÎÀÇ ¼ö¸¦ ºÐ¼®ÇÔÀ¸ ·Î½á, °¢ Áý´Üº° ÀÌÁúÀûÀÎ ¿µÇâÀ» ºÐ¼®ÇÑ´Ù. ºÐ¼® °á°ú, »çµå º¸º¹ »çÅ ¶§, Áß±¹ÀÎ ¹æ¹®°´Àº 40%°¡·® ÁÙ¾úÀ½À» È®ÀÎÇÏ¿´´Ù. ³²¼º°ú ¿©¼º ¹æÇÑ Áß±¹ÀÎ ¸ðµÎ »çµå º¸º¹¿¡ ºÎÁ¤ÀûÀÎ ¿µÇâÀ» ¹Þ¾ÒÀ½À» ¹ß°ßÇÏ¿´´Ù. ¿¬·É´ëº°·Î ºÐ¼®Çß À» °æ¿ì, 50´ë¸¦ Á¦¿ÜÇÑ ¸ðµç ¿¬·ÉÃþÀÌ »çµå ±ÔÁ¦·Î ÀÎÇØ ¹æÇÑ ¹æ¹®ÀÌ °¨¼Ò ÇÏ¿´´Ù. ¹æÇÑ ¸ñÀûº°·Î ºÐ¼®ÇÏ¿´À» ¶§, °ü±¤ ¸ñÀû»Ó ¾Æ´Ï¶ó °øÀûÀÎ ¸ñÀû°ú °³ ÀÎ »ç¾÷À» À§ÇØ ÀÔ±¹ÇÑ Áß±¹Àε鵵 »çµå ±ÔÁ¦ÀÇ ºÎÁ¤ÀûÀÎ ¿µÇâÀ» ¹Þ¾Ò´Ù. ÀÔ ±¹ÀåÀ» ±âÁØÀ¸·Î ÇßÀ» ¶§, ¸ðµç °øÇ׿¡¼­ Áß±¹ÀÎÀÇ ÀÔ±¹ÀÚ ¼ö°¡ ÁÙ¾úÀ¸¸ç, Ç× ±¸ÀÇ °æ¿ì, ºÎ»êÇ×°ú Á¦ÁÖÇ×À¸·Î ÀÔ±¹ÇÑ Áß±¹ÀÎÀÇ ¼ö°¡ ¸¹ÀÌ ÁÙ¾úÀ½À» È®ÀÎÇÏ ¿´´Ù.
    ´ëÇü¸¶Æ® µîÀÇ Àǹ«ÈÞ¾÷ÀÏ ±ÔÁ¦ ÇÏ¿¡¼­ ½ÄÇ° ¼Òºñ ÇàÅ¿¡ °üÇÑ ºÐ¼®
    ÀÌÁøÇü
    Pages 43-71
  • Abstract ( Eng | Kor ) || PDF
    • Analysis on Consumption Behavior Subject to the Regulation to Establish Compulsory Closedown of Super-Supermarket on Mandatory Days in Korea
      Jin Hyung Lee


         This study uses ¡°The Consumer Behavior Survey for Food 2013¡­ 2021¡± to analyze food purchase behaviors under the regulation to establish closedown of super-supermarket on mandatory days. Since consumers to prefer old-fashioned conventional markets can not buy all necessary foods only from the old markets, they tend to visit super-supermarkets. Moreover, consumers who favor supersupermarkets do not necessarily go to the conventional markets due to various alternatives for food purchase. Thus, the effectiveness of regulation which aims to switch consumption from the supersupermarket to the old markets on the mandatory days is likely to diminish.
    •    ÀÌ ³í¹®Àº ´ëÇü¸¶Æ®Àǹ«ÈÞ¾÷ÀÏ ±ÔÁ¦ ÇÏ¿¡¼­ ¼ÒºñÀÚµéÀÇ ½ÄÇ°±¸ÀÔÇàŸ¦ ºÐ ¼®ÇÏ¿´´Ù. Çѱ¹³óÃÌ°æÁ¦¿¬±¸¿øÀÇ 2013¡­2021³â ½ÄÇ°¼ÒºñÇàÅÂÁ¶»ç ÁÖ±¸ ÀÔÀÚ¿ë ÀڷḦ ÀÌ¿ëÇÏ¿© ºÐ¼®ÇÑ °á°ú¿¡ µû¸£¸é ¼ÒºñÀÚµéÀº ½Ä·áÇ° ±¸ÀÔÀ» À§Çؼ­ ÀüÅë½ÃÀåÀ» ÁÖ·Î ÀÌ¿ëÇÒÁö¶óµµ ÇÒÁö¶óµµ ´ëÇü¸¶Æ®¿¡¼­ ´Ù¸¥ ½Ä·áÇ° À» ±¸ÀÔÇؾßÇÒ °¡´É¼ºÀÌ ³ô¾Ò´Ù. ¼ÒºñÀÚ°¡ ´ëÇü¸¶Æ®¸¦ ÁÖ·Î ÀÌ¿ëÇÏ¸é ½Ä·á Ç° ±¸ÀÔ Àå¼Ò¸¦ ´Ùº¯È­ÇÏ¿© ÀüÅë½ÃÀåÀ» ÀÌ¿ëÇÒ °¡´É¼ºÀÌ ³·¾ÆÁ³´Ù. ±×¸®°í 2021³â ÀڷḦ ÀÌ¿ëÇÏ¿© ¼ÒºñÀÚµéÀÌ ½Ä·áÇ° ±¸ÀÔÀ» À§Çؼ­ ´ëÇü¸¶Æ®¿Í Àü Åë½ÃÀåÀ» ¼±ÅÃÇÏ´Â ¿äÀεéÀ» »ìÆ캸¾ÒÀ» ¶§¿¡ ¼ÒºñÀÚµéÀº ÆòÀÏÀ̳ª ÁÖ¸»¿¡ »ó°ü¾øÀÌ ´ëÇü¸¶Æ®¸¦ ÀüÅë½ÃÀ庸´Ù ¼±È£ÇÒ °¡´É¼ºÀÌ ³ô¾Ò´Ù. ´Ù¸¸ ¼ÒºñÀÚ°¡ ¡°Àú·ÅÇÑ °¡°Ý, Á¢±Ù¼ºÀÇ ÆíÀÇ, Ä£ÀýÇÑ ¼­ºñ½º¡±¶ó´Â Á¦ÇÑµÈ Á¶°ÇÀ» °í·ÁÇÏ¿© ÀüÅë½ÃÀåÀ» ¹æ¹®ÇÒ °¡´É¼ºÀÌ ÀÖ¾ú´Ù. µû¶ó¼­ ¼ÒºñÀÚµéÀÇ ¼ÒºñÀüȯ È¿°ú´Â ´ëÇü¸¶Æ® µîÀÇ Àǹ«ÈÞ¾÷ÀÏ ±ÔÁ¦¸¦ ½ÃÇàÇÏ¿´À» Ãʱ⺸´Ù ÇöÀç¿¡ ¾àÇØÁ³À» °¡´É¼ºÀÌ ³ô´Ù.
    Estimation of Productivity in the Korean Electricity Generation Sector: A Semi-Parametric Approach
    Donghun Kim
    Pages 73-93
  • Abstract ( Eng | Kor ) || PDF
    • Estimation of Productivity in the Korean Electricity Generation Sector: A Semi-Parametric Approach
      Donghun Kim


         This study estimated the level and growth of total factor productivity in the Korean electricity generation sector using plant-level panel data from over the period 2002-2019. In particular, we compared the productivity differences across different plant types. This study used a semiparametric estimation method that enables the control for the endogeneity of productivity shocks without using instrumental variables (IVs). It was found that steam power plants presented the highest total factor productivity, followed by internal combustion and combined cycle. The productivity growth fluctuated over time, ranging from -0.285% to 0.203%, and presented a declining trend during the sample period. The results also indicated that the load and plant factors significantly affected the total factor productivity of the plants. However, the age variable that may reflect the learning-by-doing effect did not affect plant productivity.
    •    º» ³í¹®Àº 2002³âºÎÅÍ 2019³â±îÁöÀÇ ¹ßÀü¼Ò °³º° µ¥ÀÌÅ͸¦ ÀÌ¿ëÇÏ¿© ÇÑ ±¹ Àü·Â »ý»ê ºÎºÐÀÇ »ý»ê¼ºÀ» ÃßÁ¤ÇÏ¿´´Ù. ƯÈ÷, ¹ßÀü¼ÒÀÇ Á¾·ù¿¡ µû¸¥ »ý»ê ¼ºÀÇ Â÷À̸¦ °ËÁõÇÏ¿´´Ù. »ý»ê¼ºÀº ÃÑ¿ä¼Ò»ý»ê¼ºÀ» ÀÌ¿ëÇÏ¿© »ý»ê¼º ¼öÁØ°ú Áõ°¡À²À» ÃßÁ¤ÇÏ¿´´Ù. »ý»êÇÔ¼ö ÃßÁ¤¿¡ À־ Áß¿äÇÑ À̽´´Â »ý»ê¼º Ãæ°Ý°ú ³ëµ¿°ú ÀÚº» µîÀÇ º¯¼öµé°ú »ó°ü°ü°è¸¦ °¡Áö´Â ³»»ý¼ºÀÇ ¹®Á¦ÀÌ´Ù. º» ¿¬±¸¿¡ ¼­´Â ³»»ý¼º ¹®Á¦¸¦ ÇØ°áÇϱâ À§Çؼ­ Áغñ¸ð¼ö¹æ¹ý·ÐÀ» ÀÌ¿ëÇÏ¿´À¸¸ç ÀÌ ¹æ ¹ý·ÐÀº µµ±¸º¯¼ö¸¦ »ç¿ëÇÏÁö ¾Ê°íµµ ³»»ý¼º ¹®Á¦¸¦ ÇØ°áÇÏ°Ô ÇÏ¿© ÁØ´Ù. ÃßÁ¤ °á°ú ±â·Â¹ßÀüÀÌ °¡Àå ³ôÀº »ý»ê¼ºÀ» ³ªÅ¸³»¾ú°í ³»¿¬¹ßÀü, º¹ÇÕÈ­·Â ¼øÀ¸·Î »ý»ê¼ºÀÌ ÃßÁ¤µÇ¾ú´Ù. »ý»ê¼º Áõ°¡À²Àº ¿¬µµº°·Î -0.285%¿¡¼­ 0.203% Á¤ µµ·Î º¯µ¿¼ºÀ» ³ªÅ¸³»¾úÀ¸¸ç ºÐ¼®±â°£¿¡ °ÉÃÄ °¨¼ÒÇÏ´Â Ãß¼¼¸¦ º¸¿´´Ù. ¶ÇÇÑ ¹ßÀü¼Ò ºÎÇÏÀ²°ú ÀÌ¿ëÀ²Àº ÃÑ¿ä¼Ò»ý»ê¼º¿¡ À¯ÀÇÇÑ °á°ú¸¦ ¹ÌÄ¡°í ÀÖÀ¸³ª ¹ß Àü¼Ò ¼³¸³ ÀÌÈÄ ¹ßÀü ±â°£Àº »ý»ê¼º¿¡ ¿µÇâÀ» ¹ÌÄ¡Áö ¸øÇÏ°í ÀÖ¾î ¹ßÀü °æÇè ¿¡ µû¸¥ ºñ¿ë °¨¼Ò È¿°ú´Â ³ªÅ¸³ª°í ÀÖÁö ¾ÊÀ» °ÍÀ¸·Î ÃßÁ¤µÇ¾ú´Ù.
    ½Ã°£ ºó°ï, ¼Òµæ ºó°ï°ú °³ÀÎÀÇ °Ç°­ °£ÀÇ °ü°è¿¡ ´ëÇÑ ºÐ¼®
    ÀÌ¿ë¿ì
    Pages 95-124
  • Abstract ( Eng | Kor ) || PDF
    • Relations between Time Poverty, Income Poverty and Individual Heath
      Yong-Woo Lee


         This study investigated the association between two dimensions of poverty and individual health using the Korean micro household data. We defined poverty in terms of two scarce resources, time and income. We also examined the relations between two dimensions of poverty and mediating channels such as health maintenance effort, regular exercise, heavy drinking, and life satisfaction. We found that the poverty indicators are significantly and negatively related to individual health for overall sample. However, the associations are different across genders. We found that mediating channels are also associated with time and/or income poverty.
    •    º» ¿¬±¸´Â ¿ì¸®³ª¶óÀÇ °¡±¸ ºÎ¹® ¹Ì½ÃÀڷḦ ÀÌ¿ëÇÏ¿© ½Ã°£ ºó°ï°ú ¼Òµæ ºó°ïÀ̶ó´Â µÎ Â÷¿øÀÇ ºó°ïÀÌ °³ÀÎÀÇ °Ç°­°ú ¾î¶»°Ô °ü·ÃµÇ¾î ÀÖ´ÂÁö¸¦ ºÐ ¼®ÇÑ´Ù. À̸¦ À§ÇØ ¿ì¸®´Â °³Àκ° Èñ¼ÒÀÚ¿øÀÎ ½Ã°£°ú ¼ÒµæÀ» µ¿½Ã¿¡ °í·Á ÇÏ¿© ÀÔüÀûÀÎ ºó°ï °³³äÀ» Á¤ÀÇÇÏ°í ÀÌ·¯ÇÑ ºó°ï °³³ä°ú °³ÀÎ °Ç°­ °£ÀÇ °ü°è¸¦ ±Ô¸íÇÏ´Â ¼øÀ§ÇÁ·Îºø¸ðÇüÀ» ÃßÁ¤ÇÑ´Ù. ¶ÇÇÑ º» ¿¬±¸´Â µÎ Â÷¿øÀÇ ºó°ï°ú °Ç°­ À¯Áö ³ë·Â, ±ÔÄ¢ÀûÀÎ ¿îµ¿ ¿©ºÎ, °úÀ½ ½À°ü ¿©ºÎ, »îÀÇ ¸¸Á·µµ µîÀÇ ¸Å°³º¯¼ö °£ÀÇ °ü°èµµ ºÐ¼®ÇÑ´Ù. ÀÌ·¯ÇÑ ºÐ¼®À» ÅëÇØ º» ¿¬±¸´Â ºó°ï ÁöÇ¥µéÀÌ °³ÀÎ °Ç°­°ú Åë°èÀûÀ¸·Î À¯ÀÇÇÑ ºÎÀÇ °ü°è¿¡ ÀÖÀ½À» Á¦½ÃÇÑ´Ù. ±×·¯³ª ±¸Ã¼ÀûÀÎ °ü°è ¾çÅ´ ¼ºº°·Î ´Ù¸£°Ô ³ªÅ¸³­´Ù. ¸¶Áö¸·À¸·Î ¸Å°³º¯ ¼öµµ ½Ã°£ ºó°ï ȤÀº ¼Òµæ ºó°ï°ú À¯ÀÇÇÑ °ü°è°¡ ÀÖ´Â °ÍÀ¸·Î µå·¯³­´Ù.
    ½Ò »ý»ê¼ºÀÇ Àå±â ÃßÀÌ¿¡ ´ëÇÑ Àç°ËÅä,1660-1938
    ¿ì´ëÇü
    Pages 125-182
  • Abstract ( Eng | Kor ) || PDF
    • A Reexamination of Long-term Trends in Productivity of Rice-farming in Korea, 1660~1938
      Dae Hyung Woo


         This article aims at estimating the long-term trends in rice productivity from 1685 to 1938, using large-scale panel data extracted from 36 types of autumn harvest records left by Korean yangban households and their relatives. Using an pooled OLS model, the estimation results for the long-term rice productivity trends on a per unit area basis shows a U-shape with the lowest point in the early nineteenth century. In order to examine the background of the long-term U-shape trend in rice productivity with the lowest point in the early nineteenth century, this article estimated a model with the large-scale time series records as the explained variable and premodern temperature data of the northern hemisphere and Asia and precipitation data from Joseon-era rain gages as the explanatory variable. The estimation results confirmed that as the productivity crisis in the early nineteenth century was due to a sudden phenomenon of abnormally low temperatures, there was a close relationship between the post-crisis productivity increases and the rise in temperatures, or the end of the ¡°Little Ice Age¡±.
    •    º» ³í¹®Àº Çѱ¹ÀÇ å»ÚìÊ«¿Í ±× öÑðéÁý´ÜÀÌ ³²±ä 36Á¾ÀÇ õÕâ¥ÑÀ·ÎºÎÅÍ Ãß ÃâÇÑ Áö´ë·® ÆгΠÀڷḦ È°¿ëÇÏ¿©, 1660~1938³â°£ ½Ò »ý»ê¼ºÀÇ Àå±â ÃßÀ̸¦ Ãß°èÇϴµ¥ ¸ñÀûÀÌ ÀÖ´Ù. ÇÕµ¿ OLS ¸ðÇüÀ» »ç¿ëÇÑ º» ¿¬±¸ÀÇ Ãß Á¤°á°ú¿¡ µû¸£¸é, ´ÜÀ§¸éÀû´ç ½Ò »ý»ê¼ºÀÇ Àå±â ÃßÀÌ´Â 19¼¼±â Ãʸ¦ ÀúÁ¡ À¸·Î ÇÏ´Â UÀÚÇüÀÇ ¸ð½ÀÀ» ¶ì´Â °ÍÀ¸·Î ³ªÅ¸³µ´Ù. ½Ò »ý»ê¼ºÀÇ Àå±â ÃßÀÌ °¡ ÀÌ¿Í °°ÀÌ 19¼¼±âÃʸ¦ ÀúÁ¡À¸·Î UÀÚÀÇ ÇüÅ°¡ ³ªÅ¸³ª°Ô µÈ ¹è°æÀ» »ì Æ캸±â À§ÇØ º» ³í¹®¿¡¼­´Â Áö´ë·® ½Ã°è¿­ ÀڷḦ ÇǼ³¸íº¯¼ö·Î ÇÏ°í ºÏ¹Ý ±¸ ¹× ¾Æ½Ã¾ÆÀÇ Í¯±â¿ÂÀÚ·á¿Í Á¶¼±½Ã´ë Ãø¿ì±â·Î ÃøÁ¤µÈ °­¿ì·® µ¥ÀÌÅ͸¦ ¼³¸íº¯¼ö·Î ÇÏ´Â ¸ðÇüÀ» ÃßÁ¤ÇÏ¿´´Ù. ÃßÁ¤ °á°ú, 19¼¼±â ÃÊÀÇ »ý»ê¼ºÀÇ À§ ±â´Â ÀÌ ½Ã±â °©ÀÛ½º·´°Ô ã¾Æ¿Â ¡®ÀÌ»óÀú¿ÂÇö»ó¡¯ ¶§¹®À̾úÀ¸¸ç, ±× ÀÌÈÄÀÇ »ý»ê¼º Áõ°¡´Â ±â¿ÂÀÇ »ó½Â Áï á³Þ¼Ñ¢ÀÇ Á¾½Ä°ú ¹ÐÁ¢ÇÑ °ü°è°¡ ÀÖÀ½À» È® ÀÎÇÒ ¼ö ÀÖ¾ú´Ù.


The Korean Journal of Economics, Vol. 30, No. 1 (Spring 2023)