Heewon Yang

Bio: Heewon Yang is an academic researcher from Republic of Korea Army. The author has contributed to research in topics: Computable general equilibrium & Aggregate expenditure. The author has an hindex of 3, co-authored 5 publications receiving 45 citations. Previous affiliations of Heewon Yang include Seoul National University.

CGE analysis of R&D investment policy considering trade-offs between economic growth and stability

Abstract: This study analysed economic growth and industrial structure under different conditions on research and development (R&D) investment. To simulate counterfactual scenarios, we built a recursive dynamic computable general equilibrium model named as Technology and Economy Modelling for Innovation Policy assessment (TEMIP) that focuses on private and public R&D investments and their net effects from a macroeconomic perspective. The simulation shows gross domestic product increases rapidly in South Korea when a given amount of expenditure is spent on public R&D activities rather than private R&D. Moreover, our simulation results imply that resource allocation for R&D investments should be elaborated through considering whether the ultimate policy goal is oriented towards economic growth or stability.

The military Expenditure and Economic Growth in the case of the South Korea: The dynamic Computational Equilibrium model in an Endogeneous Growth Perspective

Abstract: This paper analyses the effect of military expenditure on economic growth. With various channels through which military expenditure may influence economic growth, much of the defense economics literature has found inconsistent results. This study is based on the national defense expense for the South Korea, the base year of 2009 is chosen. The effects of the military expenditure are examined in the endogeneous growth perspective. We also employ the dynamic Computational General Equilibrium in order to measure the aggregate effect, considering the channels of the positive or negative effect and the reaction of individual industries and economic agents which it follow in change of military expenditure. The positive or negative effects of military expenditure on industry varies over sectors. GDP growth is affected by military spending. We examine the change of GDP growth in case of increase(or decrease) of military spending. But welfare level including nation’s security Index may improve or be decreased.

Pollution and economic development: an empirical research review

Abstract: Pollution and the economy seem to have been inextricably linked throughout human history. Yet the relationship between environmental harm and economic development is complex and its understanding has been fragmented by disciplinary biases. Economists and environmental scientists have diverged on the urgency of abatement mechanisms and the marginal returns on investment on control technologies and social adaptations. The Environmental Kuznets Curve hypothesis has dominated this discourse, but is only one part of a broader pollution-economy nexus. As we consider a societal shift towards a circular economy, there is a need to consider a more integrated framework for analyzing the empirical evidence that connects pollution and economic development, and its implications for human well-being and the achievement of the sustainable development goals. This paper develops the main connections between pollution and economic development by reviewing the existing empirical evidence in the literature.

Militarisation, energy consumption, CO2 emissions and economic growth in Myanmar

Abstract: The cointegration and causal relationships amongst militarisation, energy consumption, carbon dioxide (CO2) emissions and economic growth in Myanmar are investigated for the period of 1975–2014. My...