• The Journal of Asian Finance, Economics and Business
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• v.9 no.5
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• pp.397-407
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• 2022

The informal economy is a large part of the urban economy. The informal economy accounts for about half of Pakistan's GDP. This research examined nine different areas of Rawalpindi's Central Business District's business sector (CBD). A survey of 404 respondents from 16 CBD marketplaces enables a comprehensive examination of who works in the informal and formal economic sectors, how much they earn, their goals, perception of their job, and their degree of similarity to the rest of the working population. Furthermore, the statistics illustrate the pro-cyclical connections between the informal economic sector and the formal economy. The Multinomial Logistic Regression (MLR) technique is used for the analysis. The MLR results indicated the informal economic sector holds positive relation with earning members in a family, business expertise, average business sale, and negative relation with education level, satisfaction with government tax policies, household expense, and average investment in the business. From a resilience standpoint, governance is considered an intentional collective action to preserve a stable system condition. Hence, the current study recommends tax reforms and government institution reorganization to mobilize the informal sector and make effective institutional governance.

• Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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• v.8 no.3
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• pp.357-365
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• 2018

In the 21st century, as the emergence of the age of creative economy is expected, interest in the cultivation of creative talents required in society around the world is newly rising. Sustainable development education should not be limited to school education, but should be promoted and supported at all social education sites for the purpose of lifelong education. Therefore, the purpose of this paper is to consider the relationship between the possibility of formal and informal learning and the development of capacity in higher education. Exploratory and qualitative research based on intensive groups was designed using several groups of formal and informal learning settings. In China, the creation of a creative economy is set as a major national policy direction for the new government. What is required for talented people in the creative economy era and how to educate them is becoming a major policy issue. The development of core competencies requires multiple contexts based on cognitive non-cognitive disposition. By combining the formal and informal learning environment within higher education for the purpose of a new learning culture, it can provide a variety of situations and improve competency development. While this study can identify aspects of formal and informal learning settings, the interdependencies between them are still difficult to grasp. However, practical implications can be seen clearly. In other words, based on the results, you can point out key aspects of competency acquisition that can be a key element in the higher education environment. As a result, this study analyzed implications for formal and informal learning environments for new ways of developing core competencies in higher education.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.5
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• pp.73-80
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• 2020

Tax is the main revenue of Government, so fighting tax evasion and sustainable growth have been the primary macroeconomic goals being pursued by every developing country, Vietnam included. The existence and development of the shadow economic sector are synonymous with the national budget losing out. In Vietnam, foreign direct investment projects do not promote economic growth and is also a sector that gives way to tax evasion.The purpose of this study is to investigate the impact of foreign direct investment, the quality of the informal institution on the size of the shadow economy in Vietnam, during the period 1991-2015. By applying the Autoregressive Distributed Lag approach and Toda and Yamamoto test, we found evidence to conclude that the quality of the informal institution harms the size of the shadow economy. The results of the causality test show that there is a unidirectional causality running from the shadow economy and the quality of the informal institution to foreign direct investment attraction in Vietnam. Political solutions need to be implemented carefully to counter the harmful effects of the shadow economy. Policymakers should adopt several economic policies to improve the 'human capital' and drive the shadow economy into the formal economy.

• Iberoamérica
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• v.23 no.2
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• pp.209-241
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• 2021

Over the last few years, rural areas in northeastern Mexico have present significant changes in social, economic, and territorial aspects linked to the New Rurality. In this context, winemaking has become one of the most dynamic and growing activities in the regional economy. This emerging development has prompted different forms of appropriation and use of this space, but it also highlights the lack of access to knowledge for wine production due to the lack of formal educational centers. As a result, learning communities enable the development of skills and competencies through non-formal educational practices. The objective of this paper is to analyze the role of learning communities in non-formal educational environments, taking as a case study: a collective of small-scale wine producers in Parras de la Fuente, Coahuila. This research focuses on two perspectives of learning: appropriation and technology transfer, and promotion of Mexican wine culture. The main finding was to demonstrate the importance of including educational processes that respond to the context and needs of the community.

• Asia-Pacific Journal of Business
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• v.9 no.1
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• pp.107-121
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• 2018

The purpose of this paper is to explore the determining factors of foreign direct investment(FDI) of Korea by using institutioanl theory. In addition, this study divides institutional facts into the formal and the informal institutions. The empirical test implements multiful regression analysis focuing on korean electronics and automotive industry. The dependent variables are FDI outflow and the independent ones are corruption, econimic freedom, political risk, human development, and culturan distance. According to the empirical results, corruptin and human development have positive effects on Korean FDI outflow. On the other hand, political risks and economic freedom have negative effects on Korean FDI outflow. This results indicate the importance of forman and informal institutional facotrs as determinants of Korean FDI outflow.

• Asian Journal of Innovation and Policy
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• v.6 no.1
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• pp.1-22
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• 2017

The essence of inclusive innovation is to serve poor, marginalized and underprivileged sections of society to improve their livelihoods and enable them to climb up the socio-economic ladder. In this article, we explore the contemporary Indian landscape. There is a diversity of institutions and institutional approaches, multiple methodologies and goals in promoting inclusive innovations in this landscape. There are grassroots innovation institutions. All these institutions and groups have demonstrated how to improve the living conditions of poor people and enhance their income. They have developed different methodologies of inclusive innovation to intervene, build capacities and capabilities of poor people towards bridging informal and formal sectors of economy. Indian landscape can now boast of some successful models and a "social laboratory" for inclusive innovation. The challenge, however, remains to replicate and multiply these models to impact other sectors of Indian informal economy.

• Journal of Korean Society of Rural Planning
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• v.3 no.2
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• pp.62-70
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• 1997

This study surveys the herb industry, which plays an important role in the economy activation of the advanced countries, and by which Choongbuk, as one of local authorities, makes the first attempt in Korea. It describes the direction of the policy and application, came to a conclusion as follows. 1. Choongbuk is arranging a Herb garden as the first step in connection with the exsiting plan, It could be highly rated because there has been no example yet in korea and therefore it could involve risks. 2. The selection of site will be decided by the Do-authorities considering traffic network and accessibility. Therefore Shi and Gun authorities could have a passive and formal attitude for this policy. 3. The size of the herb garden, by modeling Japanese and European herb garden, will be 15000 pyung(4545m), From the point of view it is a start, the herb garden has still tasks to solve, e.g. lack of experience, organizational and technological problems.

• Korean journal of communication and information
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• v.45
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• pp.77-110
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• 2009

This study explores the academic development of the Political Economy of Communication, which is pursued by reviewing academic characteristics, research subjects, key scholars, formal and informal institution as an academic hub, key articles, major academic associations and academic journals. In addition, this study examines important theoretical limitations and tasks to deal with in the future, which have been exposed through several heated debates with other research traditions such as Cultural Studies and Post Modernism.

• Archives of design research
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• v.19 no.1 s.63
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• pp.49-58
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• 2006

This study is on the general characteristics of 'Monolithic' architecture. The intentions of monolithic architecture can be assumed as an attempt to replace the formal looseness or difficulties of understanding formal complexity of modern architecture, or a trial to react against contemporary avant-garde architectural tendency typically characterized as unstableness, uncertainty, fluidity, and articulation to reestablish autonomy of architecture. Buildings in this category coincide in their extreme economy and simplicity of overall form and consistency of external appearance while showing great expressional capacity with very limited formal means. Even though monolithic architecture still seems a little unstable and ambiguous in historical aspects, it can be considered as strikingly shaped objects or autonomous forms with identities, logics, and representation that promote recognition. Using architectural techniques of scale, colors, materials and finishes, monolithic architecture shows strategically invested surfaces that mediate between the inside and the outside, and shows unexpected and mysterious autonomy. This kind of monolithic approach is also found in interior space as a separate objects that contain functional space inside, or as formal elements that overflow the boundaries of conventional architecture by eliminating the distinction between floor, wall, and ceiling.

• Journal of Convergence for Information Technology
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• v.8 no.1
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• pp.275-280
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• 2018

Companies are now rapidly entering the realm of the realtime economy named 'Now Economy'. 'Now Economy' features the measurement and assessment, accelerating speed of decision making about business. According to this, companies intend to change their disposition to be able to make quick and accurate decision by gathering informations rapidly and correctly, and then by processing that. Applications of ICT can be possible to change the new decision system of companies. In this thesis, the new decision system through amalgamations of BPMS, Mobile, Cloud Service, Hadoop, BI and AI is presented. It will be able to make decision quickly and accurately by collecting all information between the most efficiently managed process and formal and informal data inside company through this, and then by combining changes with situations outside company.