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2016, Vol.88, No.

  • 1.

    Growth Management Policies for Non-urbanized Areas in a Low Growth Era

    Koo Hyeongsu | 2016, 88() | pp.3~23 | number of Cited : 1
    Abstract PDF
    As urban financial problems due to slow growth is highlighted, the importance of growth management policies that address the timing and costs of new development is being emphasized. With such a background, this study aimed to redefine the role of growth management policies of Korea as well as reform it. This study found that ‘shrinkage sprawl’ was becoming increasingly common in Korea and it was putting a strain on municipal finances. However, our policies have limitations in dealing with those changes because they don’t fit together as well as still presuppose sustained growth. Some of the available solutions are as follows. First, we need to improve the methods to measure the phased amount of pre-urban land. Second, we need to prepare integrated guidelines including all our growth management policies. Third, we need to prepare a legal basis for set up an integrated public facilities plan. Finally, we need to provide incentives for businesses that locate within these areas.
  • 2.

    Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions

    Choi, Sunyoung | Lee Seunghoon | Jin, Chan Woo and 1other persons | 2016, 88() | pp.25~41 | number of Cited : 1
    Abstract PDF
    This study explores availability of real-estate market consumer sentiment index to estimate real-estate overheating regions. We analyze 51 monthly housing trading market consumer sentiment indexes and housing trading volume of 78 administrative districts in Seoul metropolitan area by panel FDL model and LISA. Through these empirical analyses, we draw some findings as follows. First, we verify that housing trading market consumer sentiment has an influence on actual housing transaction immediately. According to the panel FDL model, housing trading market consumer sentiment index has positive effect on period 0 and 1 in Seoul Metropolitan Area. Second, we find out that housing trading market is overheated on certain regions at certain points. By comparing estimated value through model and actual trading volume, 22 administrative districts stand out as overheating regions on March, 2015. In addition, there are spatial clustering patterns in Dongducheon-si(in Gyeonggi-do), Jung-gu(in Seoul) and Ojeong-gu(in Bucheon-si, Gyeoggi-do) as a result of LISA. This study implies that real-estate market consumer sentiment index can be an important factor to conduct a research on the real-estate market. Moreover, this study puts a meaning in regard to figure out the spatio-temporal patterns of overheating regions.
  • 3.

    An Analysis on Economic Effects of Increase in Housing Transactions

    Byeon, Seh-Il | 황관석 | Chungyu Park | 2016, 88() | pp.43~63 | number of Cited : 1
    Abstract PDF
    This study aims to analyze the economic effects of increase in housing transactions using the simultaneous equations model and the input-output analysis. This study was conducted in two stages. First, we estimated the impact of increase in housing transactions on private consumption expenditure and residential building construction investment using the simultaneous equations model(K-MEM’14 model of KRIHS) and then used this result as a change of final demand for input-output analysis. Second, we analyzed the economic effect of increase in housing transactions in the real estate industries, related industries, and other industries using the input-output analysis. We can conclude that net growth of 153 thousands of housing transactions in 2013~2014 causes 2.234 trillion won in private consumption spending and 1.155 trillion won in residential building construction investment. And, these increase of final demand induces production of 6.65 trillion won, the value-added of 2.26 trillion won, the employment of 32.2 thousand people and wages of 1.15 trillion won. Finally, we could confirm that increase in housing transactions entirely contribute to national economy growth including real estate industry and related industry.
  • 4.

    The Optimum Level of Road and Railroad Development focusing on Manufacturing Value Added

    Yi, Yoojin | Kim, Euijune | 2016, 88() | pp.65~79 | number of Cited : 1
    Abstract PDF
    The purpose of this study is to analyze the optimum level of road and railroad development focusing on manufacturing value added in South Korea. An accessibility level leading to a positive marginal value added is considered to be in optimal range in terms of road and railroad development. By estimating a production function of manufacturing industries with respect to road and railroad accessibility and evaluating the maximum and minimum value which lead to a positive marginal value added, optimal ranges of road and railroad accessibility indices are derived. In general, the increase in the accessibility using road and railroad networks positively influences on manufacturing value added. However, additional improvement of road accessibility adversely affect the manufacturing value added when the level of accessibility exceed 145.9% of the current state. In local level, 46 and 52 cities and counties are observed to have excessive level of road accessibility and insufficient level of railroad accessibility, respectively.
  • 5.

    Analysis of Route Choice Behavior in Subway Station: Focusing on Walking Distance

    정래혁 | Jin-Hyuk Chung | So Young You | 2016, 88() | pp.81~100 | number of Cited : 1
    Abstract PDF
    According to Seoul statistics annual report 2014, Seoul Subway line 1 through 9, transported 2.6 billion passengers and were responsible for 40% of overall transportation in Seoul. As passengers increase there is an increase in congestions in subway stations. The facilities are expanded upon experiences, and they have a low efficiency. Therefore, this study is focused on conducting a research analysis on passenger path finding as a part of an analysis on path and movement characteristics of passengers in subway stations. First, passengers at Sadang station were traced, and using the K-Path Algorithm, the available paths (alternative paths) were found. Using that in combination with some research data, an analysis on the shortest path was carried out to determine the path finding model. This study examines passenger characteristic through an actual research. It is expected to provide basic data when one is planning countermeasures to destress subway station congestions.
  • 6.

    An Analysis on Vitalizing Corporate Social Responsibility in the Overseas Construction Sector

    Kim, Myeong-soo | 2016, 88() | pp.101~117 | number of Cited : 0
    Abstract PDF
    This study attempts to analyze vitalizing CSR(Corporate Social Responsibility) in the overseas construction sector. Construction industry seems to have low level of recognition for CSR. Because of its site-oriented characteristics, construction industry has faced serious problems in post management of CSR. In order to further strengthen CSR, especially for medium and small construction firms, in the overseas construction market, this study tries to classify CSR activities, such as education, sanitation, public welfare, and disaster aid. For education, technical education is important and ex post facto management as well as construction are emphasized. For sanitation, constructing basic infrastructure and transferring operating techniques are important. For public welfare, constructing common workshop, road, facilities for electricity and underground water are emphasized. Second, for keeping up effects of CSR, it is required to develop a post management system. Third, it is significant to make collaborating model with NGO or INGO. Also, public-private partnership related with public support or on-site network and partnership with international institutes such as UN & Multilateral Development Banks are important. Fourth, it is required to establish enterprise-wide promotion system for CSR. Finally, construction firms have to do more social works of CSR applying the characteristics of the construction industry.