This page has only limited features, please log in for full access.
Although Korea has made notable progress in the availability of public rental housing, Korea’s public rental housing representing 6.3% of the country’s total housing is still below the 8% OECD average from 2016. The Seoul Metropolitan Area (composed of Seoul City, Incheon City, and Gyeonggi Province) has nearly 50% of the country’s population, but 11% of the nation’s territory, meaning the area suffers from an acute shortage of public rental housing. This is a serious problem which is hampering the sustainability of Korean society in general. We will examine the possibility of improving this public housing problem using certain algorithms to optimize decision making and resource allocation. This study reviews two pioneering studies on optimal investment portfolio for land development projects and optimal project combination for urban regeneration projects, and then optimizes a public housing investment combination to maximize the amount of public rental houses in Gyeonggi province using optimization techniques. Through the optimal investment combination, public rental houses were found to be more efficiently and sustainably planned for the community.
Jae Ho Park; Jung-Suk Yu; Zong Woo Geem. Optimal Project Planning for Public Rental Housing in South Korea. Sustainability 2020, 12, 600 .
AMA StyleJae Ho Park, Jung-Suk Yu, Zong Woo Geem. Optimal Project Planning for Public Rental Housing in South Korea. Sustainability. 2020; 12 (2):600.
Chicago/Turabian StyleJae Ho Park; Jung-Suk Yu; Zong Woo Geem. 2020. "Optimal Project Planning for Public Rental Housing in South Korea." Sustainability 12, no. 2: 600.
M. Kabir Hassan; Jung-Suk Yu; Mamunur Rashid. Rational Speculative Bubbles in the Frontier Emerging Stock Markets. Jurnal Ekonomi Malaysia 2015, 49, 27 -38.
AMA StyleM. Kabir Hassan, Jung-Suk Yu, Mamunur Rashid. Rational Speculative Bubbles in the Frontier Emerging Stock Markets. Jurnal Ekonomi Malaysia. 2015; 49 (2):27-38.
Chicago/Turabian StyleM. Kabir Hassan; Jung-Suk Yu; Mamunur Rashid. 2015. "Rational Speculative Bubbles in the Frontier Emerging Stock Markets." Jurnal Ekonomi Malaysia 49, no. 2: 27-38.
M. Kabir Hassan; Geoffrey M. Ngene; Jung-Suk Yu. Credit default swaps and sovereign debt markets. Economic Systems 2015, 39, 240 -252.
AMA StyleM. Kabir Hassan, Geoffrey M. Ngene, Jung-Suk Yu. Credit default swaps and sovereign debt markets. Economic Systems. 2015; 39 (2):240-252.
Chicago/Turabian StyleM. Kabir Hassan; Geoffrey M. Ngene; Jung-Suk Yu. 2015. "Credit default swaps and sovereign debt markets." Economic Systems 39, no. 2: 240-252.
This study analyses the impact of financial sector reforms from the early 1990s on promoting economic growth in Morocco. To derive feasible policy implications, we estimate not only pooled regressions, but also variance decompositions of GDP growth rates to examine what proxy measures of financial development are most important in economic growth over time and how much they contribute to economic growth across geographic regions and income groups. We find strong linkages between financial development and economic growth in high-income OECD countries, but not in East Asia and Pacific, South Asian and Sub-Saharan African regions, in the short run. Therefore, it may be necessary for Morocco to make different policy efforts to achieve steady economic growth in the long run. JEL Classification: G21, O16, C33
Jung-Suk Yu; M. Kabir Hassan; Abdullah Mamun; Abul Hassan. Financial Sectors Reform and Economic Growth in Morocco: An Empirical Analysis. Journal of Emerging Market Finance 2014, 13, 69 -102.
AMA StyleJung-Suk Yu, M. Kabir Hassan, Abdullah Mamun, Abul Hassan. Financial Sectors Reform and Economic Growth in Morocco: An Empirical Analysis. Journal of Emerging Market Finance. 2014; 13 (1):69-102.
Chicago/Turabian StyleJung-Suk Yu; M. Kabir Hassan; Abdullah Mamun; Abul Hassan. 2014. "Financial Sectors Reform and Economic Growth in Morocco: An Empirical Analysis." Journal of Emerging Market Finance 13, no. 1: 69-102.
This study provides new evidence on the role of financial development and stock market development in accounting for economic growth across geographic regions and income groups. To derive feasible policy implications, we estimate not only unbalanced panel regressions with period fixed effects, but also variance decompositions of annual Gross Domestic Product (GDP) growth rates to examine what proxy measures are most important in economic growth over time and how much they contribute to economic growth. We find distinct direction, timing and strength of the causal links between financial development, stock market development and economic growth based on the results of Granger causality tests. Therefore, it may be necessary to make different efforts to achieve steady economic growth across geographic regions and income groups.
Jung-Suk Yu; M. Kabir Hassan; Benito Sanchez. A re-examination of financial development, stock markets development and economic growth. Applied Economics 2012, 44, 3479 -3489.
AMA StyleJung-Suk Yu, M. Kabir Hassan, Benito Sanchez. A re-examination of financial development, stock markets development and economic growth. Applied Economics. 2012; 44 (27):3479-3489.
Chicago/Turabian StyleJung-Suk Yu; M. Kabir Hassan; Benito Sanchez. 2012. "A re-examination of financial development, stock markets development and economic growth." Applied Economics 44, no. 27: 3479-3489.
M. Kabir Hassan; Benito Sanchez; Jung-Suk Yu. Financial development and economic growth: New evidence from panel data. The Quarterly Review of Economics and Finance 2011, 51, 88 -104.
AMA StyleM. Kabir Hassan, Benito Sanchez, Jung-Suk Yu. Financial development and economic growth: New evidence from panel data. The Quarterly Review of Economics and Finance. 2011; 51 (1):88-104.
Chicago/Turabian StyleM. Kabir Hassan; Benito Sanchez; Jung-Suk Yu. 2011. "Financial development and economic growth: New evidence from panel data." The Quarterly Review of Economics and Finance 51, no. 1: 88-104.
Benito Sanchez; M. Hassan; Jung Suk Yu. Financial Development and Economic Growth in the Organization of Islamic Conference Countries. Journal of King Abdulaziz University-Islamic Economics 2011, 24, 145 -172.
AMA StyleBenito Sanchez, M. Hassan, Jung Suk Yu. Financial Development and Economic Growth in the Organization of Islamic Conference Countries. Journal of King Abdulaziz University-Islamic Economics. 2011; 24 (1):145-172.
Chicago/Turabian StyleBenito Sanchez; M. Hassan; Jung Suk Yu. 2011. "Financial Development and Economic Growth in the Organization of Islamic Conference Countries." Journal of King Abdulaziz University-Islamic Economics 24, no. 1: 145-172.
We re-examine the size of the underground economy in the U.S. between 1972 and 2006 after properly adjusting for several statistical issues relating to its estimation. The dynamic error-correction-based currency demand approach confirms that income tax rates have no contemporaneous effect on currency demand, but they have positive and significant effects with a one-period lag. In addition, we observe that the size of the underground economy in the U.S. has grown considerably during the post-1990 period from $148.7 billion (3.4% of official GDP) in 1973 to $691.2 billion (6.0% of official GDP) in 2006. We also find that misspecified models have a propensity for overstating the size of the underground economy. During recessionary periods, the underground and official economies move in a same direction, although the growth rates of the underground economy are more unpredictable than those of the official economy.
Jung-Suk Yu; M. Kabir Hassan. A re-examination of the U.S. underground economy: size, estimation, and policy implications. Corporate Ownership and Control 2009, 7, 279 -295.
AMA StyleJung-Suk Yu, M. Kabir Hassan. A re-examination of the U.S. underground economy: size, estimation, and policy implications. Corporate Ownership and Control. 2009; 7 (2):279-295.
Chicago/Turabian StyleJung-Suk Yu; M. Kabir Hassan. 2009. "A re-examination of the U.S. underground economy: size, estimation, and policy implications." Corporate Ownership and Control 7, no. 2: 279-295.