{"id":7620,"date":"2016-02-02T04:16:30","date_gmt":"2016-02-01T19:16:30","guid":{"rendered":"http:\/\/hyunsik.me\/wordpress\/?p=7620"},"modified":"2020-11-26T22:48:37","modified_gmt":"2020-11-26T13:48:37","slug":"%eb%a7%a8%ed%81%90%ec%9d%98-%ea%b2%bd%ec%a0%9c%ed%95%99-%ec%a0%95%eb%a6%ac-by-h-log-9%eb%b6%80-%ec%9e%a5%ea%b8%b0-%ec%8b%a4%eb%ac%bc%ea%b2%bd%ec%a0%9c","status":"publish","type":"post","link":"http:\/\/hyunsik.me\/wordpress\/?p=7620","title":{"rendered":"\ub9e8\ud050\uc758 \uacbd\uc81c\ud559 \uc815\ub9ac By H Log \u2013 9\ubd80. \uc7a5\uae30 \uc2e4\ubb3c\uacbd\uc81c"},"content":{"rendered":"<p>[mqe][\/mqe]<\/p>\n<p>[line][\/line]<\/p>\n<p>\ub9e8\ud050\uc758 \uacbd\uc81c\ud559 9\ubd80\ub294 \uc544\ub798\uacfc \uac19\uc774 \uc774\ub8e8\uc5b4\uc838 \uc788\ub2e4.<br \/>\n\uacbd\uc81c\uc131\uc7a5(GDP \uc131\uc7a5), \uc800\ucd95, \ud22c\uc790, \uc2e4\uc9c8\uc774\uc790\uc728, \uc2e4\uc5c5\ub960 \ub4f1<br \/>\n\uc8fc\uc694 \uc2e4\ubb3c\ubcc0\uc218\ub4e4\uc758 \uc7a5\uae30 \uacb0\uc815 \uc694\uc778\ub4e4\uc5d0 \ub300\ud574 \uc124\uba85\ud55c\ub2e4.<\/p>\n<p><strong style=\"color: #993366; font-size: 12pt;\">\uc81c 9\ubd80. \uc7a5\uae30 \uc2e4\ubb3c\uacbd\uc81c<\/strong><br \/>\n<span style=\"color: #993366;\"> \uc81c 25\uc7a5. \uc0dd\uc0b0\uacfc \uc131\uc7a5<\/span><br \/>\n<span style=\"color: #993366;\"> \uc81c 26\uc7a5. \uc800\ucd95, \ud22c\uc790\uc640 \uae08\uc735\uc81c\ub3c4<\/span><br \/>\n<span style=\"color: #993366;\"> \uc81c 27\uc7a5. \uc7ac\ubb34\uc774\ub860\uc758 \uae30\ucd08<\/span><br \/>\n<span style=\"color: #993366;\"> \uc81c 28\uc7a5. \uc2e4\uc5c5<\/span><\/p>\n<p><strong style=\"font-size: 15pt; color: blue;\">\u2605 \uc81c 25\uc7a5. \uc0dd\uc0b0\uacfc \uc131\uc7a5 \u2605<\/strong><\/p>\n<p>25\uc7a5. \uc0dd\uc0b0\uacfc \uc131\uc7a5 \uc5d0\uc11c\ub294<br \/>\n\uc0dd\uc0b0\uc131\uacfc \uc0dd\uc0b0\uc131\uc744 \ub192\uc77c \uc218 \uc788\ub294 \uc815\ucc45\uc5d0 \ub300\ud574 \uc124\uba85\ud55c\ub2e4.<\/p>\n<p>\ud604\uc2e4\uc758 \uad6d\uac00 \uacbd\uc81c\uc5d0\uc11c \uc0dd\uc0b0\uc131(productivity)\uc740 \uc0dd\ud65c\uc218\uc900\uc744 \uacb0\uc815\ud558\ub294 \ub370 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud55c\ub2e4.<br \/>\n\uc0dd\uc0b0\uc131\uc740 \uadfc\ub85c\uc790 1\uc778\ub2f9 \ubb3c\uc801\uc790\ubcf8(physical capital),<br \/>\n\uadfc\ub85c\uc790 1\uc778\ub2f9 \uc778\uc801\uc790\ubcf8(human capital), \uadfc\ub85c\uc790 1\uc778\ub2f9 \uc790\uc5f0\uc790\uc6d0(natural resources),<br \/>\n\uadfc\ub85c\uc790 1\uc778\ub2f9 \uae30\uc220\uc9c0\uc2dd(technological knowledge)\uc5d0 \uc758\ud574 \uacb0\uc815\ub41c\ub2e4.<br \/>\n\u25c6 \uc0dd\uc0b0\uc131(productivity) : \ub178\ub3d9 \ud22c\uc785\ub7c9 \ud55c \ub2e8\uc704\ub2f9 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc758 \uc0b0\ucd9c\ub7c9<br \/>\n\u25c6 \ubb3c\uc801\uc790\ubcf8(physical capital) : \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc758 \uc0dd\uc0b0\uc5d0 \ud22c\uc785\ub418\ub294 \uc7a5\ube44\uc640 \uac74\ucd95\ubb3c\uc758 \uc2a4\ud1a1<br \/>\n\u25c6 \uc778\uc801\uc790\ubcf8(human capital) : \uadfc\ub85c\uc790\ub4e4\uc774 \uad50\uc721\uacfc \ud6c8\ub828, \uacbd\ud5d8\uc744 \ud1b5\ud574 \uc2b5\ub4dd\ud558\ub294 \uc9c0\uc2dd\uacfc \uae30\uc220<br \/>\n\u25c6 \uc790\uc5f0\uc790\uc6d0(natural resources) : \ud1a0\uc9c0, \uac15, \uad11\ubb3c \ub4f1 \uc790\uc5f0\uc5d0 \uc758\ud574 \uc81c\uacf5\ub418\ub294 \uc0dd\uc0b0\uc694\uc18c\uc774\uba70,<br \/>\n\ud68c\ubcf5 \uac00\ub2a5\ud55c \uc790\uc6d0(\uc0b0\ub9bc \ub4f1) \uacfc \ud68c\ubcf5 \ubd88\uac00\ub2a5\ud55c \uc790\uc6d0(\uc11d\uc720 \ub4f1)\uc73c\ub85c \uad6c\ubd84\ub41c\ub2e4.<br \/>\n\u25c6 \uae30\uc220\uc9c0\uc2dd(technological knowledge) : \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\ub97c \uc0dd\uc0b0\ud558\ub294 \ucd5c\uc120\uc758 \ubc29\ubc95\uc5d0 \ub300\ud55c \uc0ac\ud68c\uc758 \uc774\ud574<\/p>\n<p>\uc815\ubd80\ub294 \uc544\ub798\uc758 \uc815\ucc45\ub4e4\uc744 \ud1b5\ud574 \uc0dd\uc0b0\uc131\uacfc \uc0dd\ud65c\uc218\uc900\uc744 \ub192\uc77c \uc218 \uc788\ub2e4.<br \/>\n<strong>(1) \uc800\ucd95\uacfc \ud22c\uc790<\/strong><br \/>\n\uc815\ubd80\ub294 \uc800\ucd95\uacfc \ud22c\uc790\ub97c \uc7a5\ub824\ud568\uc73c\ub85c \uacbd\uc81c\uc131\uc7a5\uc744 \ucd09\uc9c4\uc2dc\ud0ac \uc218 \uc788\ub2e4.<br \/>\n\uc800\ucd95\uc774 \ub298\uc5b4\ub0a8\uc5d0 \ub530\ub77c \uc790\ubcf8\uc7ac \uc0dd\uc0b0\uc758 \uc591\uc774 \ub298\uc5b4\ub098\uace0 \uc18c\ube44\uc7ac \uc0dd\uc0b0\uc758 \uc591\uc774 \uc904\uc5b4\ub4e0\ub2e4.<br \/>\n\uc804\ud1b5\uc801\uc778 \uc0dd\uc0b0\uc774\ub860\uc5d0 \ub530\ub974\uba74 \uc790\ubcf8\uc5d0 \ub300\ud55c \ud22c\uc790\uc5d0\ub294 \uc218\ud655 \uccb4\uac10(diminishing returns)\uc774 \uc801\uc6a9\ub418\uc5b4<br \/>\n\uc790\ubcf8\uc774 \uc99d\uac00\ud568\uc5d0 \ub530\ub77c \uc790\ubcf8 \ud55c \ub2e8\uc704\ub97c \ucd94\uac00\ub85c \ud22c\uc785\ud560 \ub54c \uc99d\uac00\ud558\ub294 \uc0b0\ucd9c\ub7c9\uc740 \uc810\uc810 \uac10\uc18c\ud55c\ub2e4.<br \/>\n\uc989, \ubd80\uc790\ub098\ub77c\uc5d0 \ube44\ud574 \uac00\ub09c\ud55c \ub098\ub77c\uac00 \ub354 \ube60\ub978 \uc18d\ub3c4\ub85c \uc131\uc7a5\ud558\uae30 \uc27d\ub2e4\ub294 \uac83\uc774\ub2e4.<br \/>\n\uc774\ub7f0 \ud6a8\uacfc\ub97c \ub530\ub77c\uc7a1\uae30 \ud6a8\uacfc(catch-up effect) \ub77c\uace0 \ud55c\ub2e4.<br \/>\n<strong>(2) \uc678\uad6d \uc790\ubcf8\uc5d0 \uc758\ud55c \ud22c\uc790<\/strong><br \/>\n\uad6d\ub0b4 \uc800\ucd95 \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc678\uad6d \uc790\ubcf8\uc5d0 \uc758\ud55c \ud22c\uc790\ub3c4 \uac00\ub2a5\ud558\ub2e4.<br \/>\n\uc678\uad6d \uc790\ubcf8\uc5d0 \uc758\ud55c \ud22c\uc790\ub85c\ub294 \uc678\uad6d\uc778 \uc9c1\uc811 \ud22c\uc790(foreign direct investment) \uc640<br \/>\n\uc678\uad6d\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud22c\uc790(foreign portfolio investment)\uac00 \uc788\ub2e4.<br \/>\n<strong>(3) \uad50\uc721<\/strong><br \/>\n\uad50\uc721\uc740 \ub300\ud45c\uc801\uc778 \uc778\uc801\uc790\ubcf8\uc5d0 \ub300\ud55c \ud22c\uc790\uc774\ub2e4.<br \/>\n\uad50\uc721\uc744 \ubc1b\uc740 \uc0ac\ub78c\ub4e4\uc774 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\ub97c \uc0dd\uc0b0\ud558\ub294 \ubc29\ubc95\uc5d0 \ub300\ud55c \uc544\uc774\ub514\uc5b4\ub97c \uac1c\ubc1c\ud558\uace0,<br \/>\n\uc0ac\ud68c\uc758 \ubaa8\ub4e0 \uad6c\uc131\uc6d0\ub4e4\uc774 \uc774\uc6a9\ud560 \uc218 \uc788\ub2e4\uba74 \uae0d\uc815\uc801 \uc678\ubd80\ud6a8\uacfc\ub97c \uc5bb\uc744 \uc218 \uc788\uc73c\uba70,<br \/>\n\uad50\uc721\uc744 \ub9ce\uc774 \ubc1b\uc740 \uc0ac\ub78c\ub4e4\uc774 \ub354 \ub192\uc740 \uc0dd\ud65c\uc218\uc900\uc744 \ub204\ub9b4 \uc218 \uc788\ub294 \ubd80\uc720\ud55c \ub098\ub77c\ub85c<br \/>\n\uc774\ubbfc\uc744 \uac00\ub294 \ub450\ub1cc\uc720\ucd9c(brain drain) \uc744 \ud1b5\ud574 \ubd80\uc815\uc801 \uc678\ubd80\ud6a8\uacfc\ub3c4 \uc5bb\uc744 \uc218 \uc788\ub2e4.<br \/>\n<strong>(4) \uac74\uac15\uacfc \uc601\uc591<\/strong><br \/>\n\ub2e4\ub978 \uc870\uac74\uc774 \uac19\ub2e4\uba74 \uac74\uac15\ud55c \ub178\ub3d9\uc790\ub4e4\uc758 \uc0dd\uc0b0\uc131\uc774 \ub192\ub2e4.<br \/>\n\uad6d\ubbfc \uac74\uac15 \uc99d\uc9c4\uc744 \uc704\ud55c \uc801\uc808\ud55c \ud22c\uc790\ub294 \ud55c \ub098\ub77c\uc758 \uc0dd\uc0b0\uc131\uacfc \uc0dd\ud65c\uc218\uc900\uc744 \ub192\uc774\ub294 \uae38\uc774\ub2e4.<br \/>\n<strong>(5) \uc7ac\uc0b0\uad8c\uacfc \uc815\uce58\uc801 \uc548\uc815<\/strong><br \/>\n\uc2dc\uc7a5\uac00\uaca9 \uae30\uad6c\uac00 \uc791\ub3d9\ud558\uae30 \uc704\ud55c \uac00\uc7a5 \uc911\uc694\ud55c \uc804\uc81c\uc870\uac74\uc740 \uc7ac\uc0b0\uad8c(property rights)\uc758 \ud655\ub9bd\uc774\uba70,<br \/>\n\uc815\uce58\uc801 \ubd88\uc548\uc740 \uc7ac\uc0b0\uad8c\uc5d0 \ub300\ud55c \uc704\ud611\uc774\ubbc0\ub85c \uc7ac\uc0b0\uad8c\uacfc \uc815\uce58\uc801 \uc548\uc815\uc744 \uc720\uc9c0\uc2dc\ud0a4\ub294 \uac83\uc774 \uc911\uc694\ud558\ub2e4.<br \/>\n<strong>(6) \uc790\uc720\ubb34\uc5ed<\/strong><br \/>\n\uc5b4\ub5a4 \ub098\ub77c\uc5d0 A \uc81c\ud488\uc744 \uc218\ucd9c\ud558\uace0 B \uc81c\ud488\uc744 \uc218\uc785\ud55c\ub2e4\uba74<br \/>\nA \uc81c\ud488\uc744 B \uc81c\ud488\uc73c\ub85c \ubc14\uafc0 \uc218 \uc788\ub294 \uae30\uc220\uc744 \uac1c\ubc1c\ud55c \uac83\uacfc \uac19\uc740 \ud6a8\uacfc\ub97c \uc5bb\ub294\ub2e4.<br \/>\n\ub530\ub77c\uc11c \ubb34\uc5ed\uc7a5\ubcbd\uc744 \uc81c\uac70\ud568\uc73c\ub85c\uc368 \uc911\uc694\ud55c \uae30\uc220 \uc9c4\ubcf4\uc5d0 \ub530\ub974\ub294 \uacbd\uc81c\uc131\uc7a5\uc744 \uacbd\ud5d8\ud560 \uc218 \uc788\ub294 \uac83\uc774\ub2e4.<br \/>\n\u2605\u2605 \uc77c\ubc18\uc801\uc73c\ub85c \ubb34\uc5ed\uc740 \ubc14\ub78c\uc9c1\ud558\uc9c0\ub9cc \uc790\uc720\ubb34\uc5ed\uacfc \ubcf4\ud638\ubb34\uc5ed\uc5d0 \ub300\ud574\uc11c\ub294 \uc880 \ub354 \uc0dd\uac01\ud574 \ubcfc \ud544\uc694\uac00 \uc788\ub2e4.<br \/>\n<strong>(7) \uc5f0\uad6c\/\uac1c\ubc1c<\/strong><br \/>\n\uc5f0\uad6c\ub97c \uc704\ud55c \uc815\ubd80 \uae30\uad00 \ud639\uc740 \uae30\uad6c\ub97c \ub9cc\ub4e4\uc5b4 \uc0c8\ub85c\uc6b4 \uc9c0\uc2dd\uc758 \ubc1c\uacac\uc744 \uc7a5\ub824\ud560 \uc218 \uc788\uace0,<br \/>\n\ub610 \ud2b9\ud5c8\uc81c\ub3c4\ub97c \ud1b5\ud574 \ubbfc\uac04 \uc5f0\uad6c\ub97c \ucd09\uc9c4\uc2dc\ud0ac \uc218 \uc788\ub2e4.<br \/>\n<strong>(8) \uc778\uad6c \uc131\uc7a5<\/strong><br \/>\n\uc778\uad6c \uc131\uc7a5\uc740 \uc790\uc5f0\uc790\uc6d0 \uc81c\uc57d\uc758 \uc2ec\ud654, 1\uc778\ub2f9 \uc790\ubcf8\ub7c9\uc758 \uac10\uc18c\ub77c\ub294 \ub2e8\uc810\uacfc<br \/>\n\uae30\uc220 \uc9c4\ubcf4\uc758 \ucd09\uc9c4\uc774\ub77c\ub294 \uc7a5\uc810\uc774 \uc788\ub2e4.<br \/>\n\u25c6 \uba5c\uc11c\uc2a4\uc758 \uc778\uad6c\ub860 : <a style=\"color: red;\" href=\"https:\/\/ko.wikipedia.org\/wiki\/%EC%9D%B8%EA%B5%AC%EB%A1%A0\" target=\"_blank\" rel=\"noopener noreferrer\">\uc704\ud0a4\ud53c\ub514\uc544 \ucc38\uace0<\/a><br \/>\n\u25c6 \uba5c\uc11c\uc2a4\uc758 \uc778\uad6c\ub860\uacfc \ud06c\ub808\uba38\uc758 \ubc18\ub860 : <a style=\"color: red;\" href=\"http:\/\/blog.naver.com\/zwelf12\/10138265235\" target=\"_blank\" rel=\"noopener noreferrer\">\ubd88\ud0c0\ub294 \ud544\ub984 \uc5f0\ub300\uae30 \ucc38\uace0<\/a><\/p>\n<p><strong style=\"font-size: 15pt; color: blue;\">\u2605 \uc81c 26\uc7a5. \uc800\ucd95, \ud22c\uc790\uc640 \uae08\uc735\uc81c\ub3c4 \u2605<\/strong><\/p>\n<p>26\uc7a5. \uc800\ucd95, \ud22c\uc790\uc640 \uae08\uc735\uc81c\ub3c4 \uc5d0\uc11c\ub294<br \/>\n\uae08\uc735\uae30\uad00\uacfc \uae08\uc735\uc911\uac1c\uae30\uad00\uc5d0 \ub300\ud55c \uc18c\uac1c \ubc0f<br \/>\n\uc800\ucd95(\uacf5\uae09)\uacfc \ud22c\uc790(\uc218\uc694)\ub97c \ud1b5\ud55c \ub300\ubd80\uc790\uae08 \uc2dc\uc7a5\uc5d0 \ub300\ud574 \uc124\uba85\ud55c\ub2e4.<\/p>\n<p>\uc6b0\uc120 \uc800\ucd95\uacfc \ud22c\uc790\ub97c \ub2f4\ub2f9\ud558\ub294 \uc2dc\uc7a5\uacfc \uae30\uad00\uc740 \uc544\ub798\uc640 \uac19\ub2e4.<br \/>\n\uae08\uc735\uc2dc\uc7a5(financial markets)\uc5d0\ub294 \ucc44\uad8c(bond)\uc2dc\uc7a5\uacfc \uc8fc\uc2dd(stock)\uc2dc\uc7a5\uc774 \uc788\uace0,<br \/>\n\uae08\uc735\uc911\uac1c\uae30\uad00(financial intermediaries)\uc5d0\ub294 \uc740\ud589(bank)\uacfc \ubba4\ucd94\uc5bc \ud380\ub4dc(mutual fund)\uac00 \uc788\ub2e4.<br \/>\n\u203b \uc740\ud589\uc740 \uae08\uc735\uc911\uac1c\ubfd0\ub9cc \uc544\ub2c8\ub77c \ud1b5\ud654 \ucc3d\ucd9c\uc758 \uae30\ub2a5\uc774 \uc788\ub2e4.<\/p>\n<p>\uc9c0\ub09c 8\ubd80 23\uc7a5\uc5d0\uc11c \uc54c\uc544\ubcf4\uc558\ub2e4\uc2dc\ud53c<br \/>\nGDP \ub294 [ Y ], \uc18c\ube44(Consumption)\ub294 [ C ], \ud22c\uc790(Investment)\ub294 [ I ],<br \/>\n\uc815\ubd80\uad6c\uc785(Government)\uc740 [ G ], \uc21c\uc218\ucd9c(Net exports)\uc740 [ NX ] \ub85c \ud45c\uae30\ud558\uba74<br \/>\n\uc544\ub798\uc640 \uac19\uc740 \ub9e4\uc6b0 \uc911\uc694\ud55c \ud56d\ub4f1\uc2dd\uc774 \uc131\ub9bd\ub41c\ub2e4.<br \/>\n[ Y = C + I + G + NX ] or [ Y = C + I + G + (X &#8211; M) ]<\/p>\n<p>\uc800\ucd95\uacfc \ud22c\uc790\uc758 \uc758\ubbf8\ub97c \uc54c\uae30 \uc704\ud55c \ubd84\uc11d\uc744 \uc704\ud574 \ud3d0\uc1c4\uacbd\uc81c\ub97c \uac00\uc815\ud55c\ub2e4\uba74<br \/>\n[ Y = C + I + G ] \uc774\ub2e4. ( \ud3d0\uc1c4\uacbd\uc81c\uc774\ubbc0\ub85c NX = 0, X = M = 0 )<br \/>\n\uc704 \uc218\uc2dd\uc5d0\uc11c \uc591 \ubcc0\uc5d0\uc11c C\uc640 G\ub97c \ube7c\uba74 \uc544\ub798\uc640 \uac19\ub2e4.<br \/>\n[ Y &#8211; C &#8211; G = I ]<br \/>\n\uc704 \uc218\uc2dd\uc5d0\uc11c Y &#8211; C &#8211; G \ub294 \uacbd\uc81c\uc758 \ucd1d\uc18c\ub4dd\uc5d0\uc11c \uc18c\ube44\uc640 \uc815\ubd80\uad6c\uc785\uc5d0 \uc9c0\ucd9c\ud558\uace0 \ub0a8\uc740 \uae08\uc561\uc73c\ub85c<br \/>\n\uc774 \uae08\uc561\uc744 \uad6d\ubbfc\uc800\ucd95(national saving), \uc904\uc5ec\uc11c \uc800\ucd95(saving)\uc774\ub77c\uace0 \ud558\uace0 [ S ] \ub85c \ud45c\uae30\ud55c\ub2e4.<br \/>\n[ S = I ]<br \/>\n\uace7 \uc800\ucd95\uc774 \ud22c\uc790\uc640 \uac19\uc74c\uc744 \ub098\ud0c0\ub0b8\ub2e4.<br \/>\n\u203b [ S = I ] \uc758 \ubc30\ud6c4\uc5d0\ub294 \ucc44\uad8c\uc2dc\uc7a5, \uc8fc\uc2dd\uc2dc\uc7a5, \uc740\ud589, \ubba4\ucd94\uc5bc \ud380\ub4dc \ub4f1\uc758<br \/>\n\uae08\uc735\uae30\uad00\uacfc \uae08\uc735\uc911\uac1c\uae30\uad00\ub4e4\uc774 \uc788\uc5b4\uc11c \uad6d\ubbfc \uacbd\uc81c\uc758 \uc800\ucd95\uc744 \ud22c\uc790\ub85c \uc5f0\uacb0\ud574\uc900\ub2e4.<\/p>\n<p>\uadf8\ub9ac\uace0 \uc815\ubd80\uac00 \uac00\uacc4\uc5d0\uc11c \uc9d5\uc218\ud558\ub294 \uc138\uae08\uc5d0\uc11c \uc815\ubd80\uac00 \uac00\uacc4\ub85c \uc9c0\uae09\ud558\ub294 \uc774\uc804\uc9c0\ucd9c\uc744 \ube80 \uae08\uc561\uc744<br \/>\n[ T ] \ub77c\uace0 \ud55c\ub2e4\uba74 \uad6d\ubbfc \uc800\ucd95 \ubc29\uc815\uc2dd\uc740 \ub2e4\uc74c \ub450 \uc2dd\uc73c\ub85c \ud45c\uc2dc\ud560 \uc218 \uc788\ub2e4.<br \/>\n[ S = Y &#8211; C &#8211; G ]<br \/>\n[ S = ( Y &#8211; T &#8211; C ) + ( T &#8211; G ) ]<\/p>\n<p>\uc5ec\uae30\uc11c ( Y &#8211; T &#8211; C ) \ub294 \ubbfc\uac04\uc800\ucd95(private saving) \uc744 \ub098\ud0c0\ub0b4\uba70,<br \/>\n( T &#8211; G ) \ub294 \uc815\ubd80\uc800\ucd95(public saving) \uc744 \ub098\ud0c0\ub0b8\ub2e4.<br \/>\nT \uac00 G \ubcf4\ub2e4 \ud06c\uba74 \uc7ac\uc815\ud751\uc790(budget surplus) \uc774\uba70, \uc791\uc73c\uba74 \uc7ac\uc815\uc801\uc790(budget deficit) \uc774\ub2e4.<\/p>\n<p>\ub2e4\uc74c\uc73c\ub85c \ub300\ubd80\uc790\uae08\uc2dc\uc7a5\uc5d0 \ub300\ud574 \uc54c\uc544\ubcf4\uc790.<br \/>\n\uc7a0\uc2dc \ub9e8\ud050\uc758 \uacbd\uc81c\ud559\uc758 \ubc94\uc704\ub97c \ubc97\uc5b4\ub098\uc11c \uc124\uba85\ud558\uc790\uba74 \ub300\ubd80\uc790\uae08\uc124\uc740 \uc774\uc790\uc728\uacb0\uc815 \uc774\ub860\uc758 \ud558\ub098\ub85c<br \/>\n\uace0\uc804\ud559\ud30c\uc758 \uc2e4\ubb3c\uc774\uc790\uc728 \uc774\ub860\uacfc \ucf00\uc778\uc988\ud559\ud30c\uc758 \ud654\ud3d0\uc774\uc790\uc728 \uc774\ub860\uc758 \uc0ac\uc2e4\uc0c1 \uc9ec\ubf55\ud310\uc774\ub2e4.<br \/>\n\u203b \uace0\uc804\ud559\ud30c\uc758 \uc2e4\ubb3c\uc774\uc790\uc728 \uac04\ub2e8 \uc124\uba85 : \uc774\uc790\uc728\uc740 \uc800\ucd95\uacfc \ud22c\uc790\uc758 \uade0\ud615\uc5d0 \uc758\ud574 \uacb0\uc815\ub41c\ub2e4.<br \/>\n\u203b \ucf00\uc778\uc988\ud559\ud30c\uc758 \ud654\ud3d0\uc774\uc790\uc728 \uac04\ub2e8 \uc124\uba85 : \uc774\uc790\uc728\uc740 \ud654\ud3d0\uacf5\uae09\/\ud654\ud3d0\uc218\uc694\uc758 \uade0\ud615\uc5d0 \uc758\ud574 \uacb0\uc815\ub41c\ub2e4.<br \/>\n\u203b \ub300\ubd80\uc790\uae08\uc124 \uac04\ub2e8 \uc124\uba85 :<br \/>\n\uc774\uc790\uc728\uc740 \ub300\ubd80\uc790\uae08\uacf5\uae09(\uc800\ucd95, \ud654\ud3d0\uacf5\uae09)\/\ub300\ubd80\uc790\uae08\uc218\uc694(\ud22c\uc790, \ud654\ud3d0\uc218\uc694)\uc758 \uade0\ud615\uc5d0 \uc758\ud574 \uacb0\uc815\ub41c\ub2e4.<\/p>\n<p><img src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/02\/\ub300\ubd80\uc790\uae08\uc2dc\uc7a5.png\" alt=\"\ub300\ubd80\uc790\uae08\uc2dc\uc7a5\" width=\"580\"><\/p>\n<p>\u203b \uc704 \uadf8\ub798\ud504\uc5d0\uc11c \uc0ac\uc6a9\ub418\ub294 \ub300\ubd80\uc790\uae08 \ubc0f \uc55e\uc73c\ub85c \uc0ac\uc6a9\ub418\ub294 \ub300\ubd80\uc790\uae08\uc740<br \/>\n&#8216;\ubbfc\uac04 \ud22c\uc790 \uc7ac\uc6d0 \uc870\ub2ec\uc5d0 \uc4f8 \uc218 \uc788\ub294 \uc790\uc6d0\uc758 \ud750\ub984&#8217;\uc744 \uc758\ubbf8\ud55c\ub2e4.<\/p>\n<p>\uae08\uc735\uae30\uad00\uc774 \uc800\ucd95\uacfc \ud22c\uc790\ub97c \uc5b4\ub5a4 \uc2dd\uc73c\ub85c \uc870\uc815\ud558\ub294\uc9c0 \uc54c\uc544\ubcf4\uae30 \uc704\ud574<br \/>\n\ub300\ubd80\uc790\uae08 \uc2dc\uc7a5\uc744 \uc0b4\ud3b4\ubcfc \ud544\uc694\uac00 \uc788\ub2e4.<br \/>\n\ub300\ubd80\uc790\uae08 \uc2dc\uc7a5\uc758 \uacf5\uae09\uc758 \uc6d0\ucc9c\uc740 \uc800\ucd95(\ucc44\uad8c \uad6c\ub9e4, \uc740\ud589 \uc608\uae08 \ub4f1) \uc774\uba70,<br \/>\n\ub300\ubd80\uc790\uae08 \uc2dc\uc7a5\uc758 \uc218\uc694\uc758 \uc6d0\ucc9c\uc740 \ud22c\uc790(\uc8fc\ud0dd \uad6c\uc785, \uc7a5\ube44 \uad6c\uc785, \uacf5\uc7a5 \uac74\uc124 \ub4f1)\uc774\ub2e4.<br \/>\n\uadf8\ub9ac\uace0 \ub300\ubd80\uc790\uae08\uc758 \uac00\uaca9\uc740 \uc2e4\uc9c8\uc774\uc790\uc728\uc774\ub2e4.<br \/>\n\u203b \uc704 \uc774\uc790\uc728\uc740 \uc2e4\uc9c8\uc774\uc790\uc728\uc774\uba70, \uc55e\uc73c\ub85c \ub098\uc624\ub294 &#8216;\uc774\uc790\uc728&#8217;\uc774\ub77c\ub294 \ub2e8\uc5b4\ub294 &#8216;\uc2e4\uc9c8\uc774\uc790\uc728&#8217;\uc774\ub2e4.<br \/>\n\u25c6 <a style=\"color: red;\" href=\"http:\/\/hyunsik.me\/wordpress\/?p=14155\" target=\"_blank\" rel=\"noopener noreferrer\">\uba85\ubaa9\ubcc0\uc218\uc640 \uc2e4\uc9c8\ubcc0\uc218<\/a><\/p>\n<p>\uc800\ucd95\uc5d0 \ub300\ud55c \uc720\uc778\ucc45\uc73c\ub85c<br \/>\n\uc815\ubd80\ub294 \ube44\uacfc\uc138 \uc800\ucd95\uc758 \ub300\uc0c1\uc744 \ud655\ub300\ud558\ub294 \ub4f1\uc758 \uc815\ucc45\uc744 \ud1b5\ud574 \uc800\ucd95\uc744 \ub298\uc5b4\ub098\uac8c \ud560 \uc218 \uc788\ub2e4.<br \/>\n[ \uc800\ucd95 \uc99d\uac00 \u2192 \ub300\ubd80\uc790\uae08\uc758 \uacf5\uae09\ub7c9 \uc99d\uac00 \u2192 \uade0\ud615\uc774\uc790\uc728 \ud558\ub77d \u2192 \uade0\ud615\uac70\ub798\ub7c9 \uc99d\uac00 ]<br \/>\n\ub2e8, \uacbd\uc81c\ud559\uc790\ub4e4\uc740 \uc870\uc138\uc81c\ub3c4 \uac1c\ud3b8\uc774 \uad6d\ubbfc\uc800\ucd95\uc744 \ub300\ud3ed \uc99d\uac00\uc2dc\ud0ac \uac83\uc73c\ub85c \ubbff\uc9c0 \uc54a\uace0 \uc788\uc73c\uba70,<br \/>\n\ube44\uad00\ub860\uc790\ub4e4\uc740 \uc138\uc81c \uac1c\ud601\uc774 \uacf5\ud3c9\uc131 \uce21\uba74\uc5d0\uc11c\ub3c4 \ubc14\ub78c\uc9c1\ud558\uc9c0 \uc54a\ub2e4\uace0 \ubcf8\ub2e4.<\/p>\n<p>\ud22c\uc790\uc5d0 \ub300\ud55c \uc720\uc778\ucc45\uc73c\ub85c<br \/>\n\uc815\ubd80\ub294 \ud22c\uc790\uc138\uc561 \uacf5\uc81c(investment tax credit) \ub4f1\uc758 \uc815\ucc45\uc744 \uc0ac\uc6a9\ud558\uc5ec<br \/>\n\ub300\ubd80\uc790\uae08\uc758 \uc218\uc694\ub7c9\uc744 \uc99d\uac00\uc2dc\ud0ac \uc218 \uc788\ub2e4.<br \/>\n[ \ub300\ubd80\uc790\uae08\uc758 \uc218\uc694\ub7c9 \uc99d\uac00 \u2192 \uade0\ud615\uc774\uc790\uc728 \uc0c1\uc2b9 \u2192 \ub300\ubd80\uc790\uae08\uc758 \uacf5\uae09\ub7c9 \uc99d\uac00 ]<\/p>\n<p>\ub610\ud55c \uc815\ubd80\uc758 \uc7ac\uc815\uc801\uc790\uac00 \ubc1c\uc0dd\ud560 \uacbd\uc6b0 \ub300\ubd80\uc790\uae08\uc758 \uacf5\uae09\uc774 \uac10\uc18c\ud558\uc5ec<br \/>\n\uade0\ud615\uc774\uc790\uc728\uc774 \uc0c1\uc2b9\ud558\uace0 \ub300\ubd80\uc790\uae08 \uade0\ud615\uac70\ub798\ub7c9\uc740 \uac10\uc18c\ud55c\ub2e4.<br \/>\n\u2605 \uc815\ubd80\uac00 \ub300\ubd80\uc790\uae08\uc744 \ucc28\uc785\ud558\uae30 \ub54c\ubb38\uc5d0 \uae30\uc5c5\uc774 \ucc28\uc785\ud560 \ub300\ubd80\uc790\uae08\uc774 \uc904\uc5b4\ub4e0\ub2e4.<br \/>\n[ \uc7ac\uc815\uc801\uc790 \u2192 \ub300\ubd80\uc790\uae08 \uacf5\uae09\ub7c9 \uac10\uc18c \u2192 \uade0\ud615\uc774\uc790\uc728 \uc0c1\uc2b9 \u2192 \uade0\ud615\uac70\ub798\ub7c9 \uac10\uc18c ]<br \/>\n\uc774\ub7ec\ud55c \uc815\ubd80\ucc28\uc785\uc73c\ub85c \uc778\ud55c \ubbfc\uac04 \ud22c\uc790\uc758 \uac10\uc18c\ub97c \ubc00\uc5b4\ub0b4\uae30(crowding out) \ud604\uc0c1\uc774\ub77c\uace0 \ud55c\ub2e4.<br \/>\n[ G\u2191 (\uc815\ubd80\uc9c0\ucd9c) \u2192 Y\u2191 (GDP) \u2192 Md\u2191 (\ud654\ud3d0\uc218\uc694) \u2192 r\u2191 (\uc774\uc790\uc728) \u2192 I\u2193 (\ud22c\uc790) \u2192 Y\u2193 (GDP) ]<\/p>\n<p>\ub300\ubd80\uc790\uae08\uc758 \uc218\uc694\uc790\ub4e4\uc740 \uc7a5\ucc28 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\ub97c \uc0dd\uc0b0\ud558\ub294 \ub370 \ud544\uc694\ud55c \uc790\ubcf8\uc744 \ub298\ub9ac\uae30 \uc704\ud574<br \/>\n\uc9c0\uae08 \ud22c\uc790\ud558\uace0 \uc2f6\uc5b4\ud558\uae30 \ub54c\ubb38\uc5d0 \uc790\uae08\uc744 \ucc28\uc785\ud55c\ub2e4.<br \/>\n\ub530\ub77c\uc11c \uc6d0\ud560\ud55c \uae30\ub2a5\uc744 \uc218\ud589\ud558\ub294 \uae08\uc735\uc2dc\uc7a5\uc740 \ud604\uc138\ub300\ub294 \ubb3c\ub860\uc774\uace0<br \/>\n\ud604\uc138\ub300\uc758 \uc758\uc0ac\uacb0\uc815\uc5d0 \ub530\ub978 \uc774\ub4dd(\ud639\uc740 \uc190\ud574)\uc744 \uc0c1\ub2f9 \ubd80\ubd84 \ubb3c\ub824\ubc1b\uc744 \ud6c4\uc138\ub300\uc5d0\uac8c\ub3c4 \uc911\uc694\ud55c \uac83\uc774\ub2e4.<\/p>\n<p><strong style=\"font-size: 15pt; color: blue;\">\u2605 \uc81c 27\uc7a5. \uc7ac\ubb34\uc774\ub860\uc758 \uae30\ucd08 \u2605<\/strong><\/p>\n<p>27\uc7a5. \uc7ac\ubb34\uc774\ub860\uc758 \uae30\ucd08 \uc5d0\uc11c\ub294<br \/>\n\uc0ac\ub78c\ub4e4\uc774 \uc7ac\ubb34\uc5d0 \uad00\ud55c \uacb0\uc815\uc744 \ub0b4\ub9b4 \ub54c \uc0ac\uc6a9\ud558\ub294 \uae30\ucd08\uc801 \ubd84\uc11d\ub3c4\uad6c\uc5d0 \ub300\ud574 \uc124\uba85\ud55c\ub2e4.<br \/>\n\ub3c8\uc758 \ud604\uc7ac\uac00\uce58\uc640 \ubbf8\ub798\uac00\uce58 \uacc4\uc0b0, \uc704\ud5d8 \ud68c\ud53c \ubc29\ubc95, \uadf8\ub9ac\uace0 \uc790\uc0b0\uac00\uce58 \ud3c9\uac00\uc5d0 \ub300\ud574 \uc124\uba85\ud55c\ub2e4.<br \/>\n\u25c6 \uc7ac\ubb34\uc774\ub860(finance) : \uc2dc\uac04\uc5d0 \uac78\uce5c \uc790\uc6d0 \ubc30\ubd84\uacfc \uc704\ud5d8 \uad00\ub9ac\uc5d0 \uad00\ud55c \uc0ac\ub78c\ub4e4\uc758 \uc758\uc0ac\uacb0\uc815\uc744 \uc5f0\uad6c\ud558\ub294 \ubd84\uc57c<\/p>\n<p>\uc6b0\uc120 \uc2dc\uac04\uc5d0 \ub300\ud55c \uc774\uc57c\uae30\uc774\ub2e4.<br \/>\n\uc774\uc790\uc728\uc774 \uc77c\uc815\ud558\ub2e4\uba74 \ud604\uc7ac \ub3c8\uc758 \ubbf8\ub798\uac00\uce58\uc640<br \/>\n\ubbf8\ub798 \ub3c8\uc758 \ud604\uc7ac\uac00\uce58\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uacc4\uc0b0\ud560 \uc218 \uc788\ub2e4.<br \/>\n\ud604\uc7ac\uac00\uce58 PV \uac00 \uc774\uc790\uc728 r(5% \uba74 0.05)\ub85c N\ub144\uc774 \uc9c0\ub09c\ub2e4\uba74 \ubbf8\ub798\uac00\uce58 FV \ub294<br \/>\n<img src=\"\/\/s0.wp.com\/latex.php?latex=FV+%3D+PV+%5Ctimes+%281%2Br%29%5E%7BN%7D&#038;bg=ffffff&#038;fg=000&#038;s=0\" alt=\"FV = PV &#92;times (1+r)^{N}\" title=\"FV = PV &#92;times (1+r)^{N}\" class=\"latex\" \/> \ub85c \uacc4\uc0b0\ud560 \uc218 \uc788\ub2e4.<br \/>\n\ub530\ub77c\uc11c \uc774\uc790\uc728 r\ub85c N \ub144 \ub4a4\uc5d0 \ubc1b\uc744 X \uc758 \ud604\uc7ac\uac00\uce58 PV \ub294<br \/>\n<img src=\"\/\/s0.wp.com\/latex.php?latex=PV+%3D+%5Cfrac+%7BX%7D%7B%281%2Br%29%5E%7BN%7D%7D+&#038;bg=ffffff&#038;fg=000&#038;s=0\" alt=\"PV = &#92;frac {X}{(1+r)^{N}} \" title=\"PV = &#92;frac {X}{(1+r)^{N}} \" class=\"latex\" \/> \ub85c \uacc4\uc0b0\ud560 \uc218 \uc788\ub2e4.<br \/>\n\u203b \ub9e4\ub144 x% \uc529 \uc624\ub97c \uacbd\uc6b0 70\/x\ub144 \ub4a4\uc5d0\ub294 \uadf8 \ubcc0\uc218\uc758 \uac12\uc774 \ub450 \ubc30\uac00 \ub41c\ub2e4.<br \/>\n\u2605\u2605 \uc774\uc790\uc728\uc774 \ub9c8\uc774\ub108\uc2a4\uac00 \uc544\ub2c8\ub77c\uba74, \ubbf8\ub798\uc758 1,000\uc6d0\uc740 \ud604\uc7ac\uc758 1,000\uc6d0 \ubcf4\ub2e4 \uc791\ub2e4.<\/p>\n<p>\uc774\ubc88\uc5d0\ub294 \uc704\ud5d8\uc5d0 \uad00\ud55c \uc774\uc57c\uae30\uc774\ub2e4.<br \/>\n\uc704\ud5d8\uc5d0 \ub300\ucc98\ud558\ub294 \ubc29\ubc95\uc740 \uc5ec\ub7ec\uac00\uc9c0\uac00 \uc788\ub2e4.<br \/>\n\uc0b6\uc758 \uc5ec\ub7ec\uac00\uc9c0 \uc704\ud5d8\ub4e4\uc740 \ubcf4\ud5d8\uc5d0 \uac00\uc785\ud558\uac70\ub098, \uc5f0\uae08\uc5d0 \uac00\uc785\ud558\uc5ec \uc81c\uac70\ud560 \uc218 \uc788\ub2e4.<br \/>\n(\ub2e8, \ubcf4\ud5d8 \uc2dc\uc7a5\uc740 \uc5ed\uc120\ud0dd\uc758 \ubb38\uc81c, \ub3c4\ub355\uc801 \ud574\uc774\uc758 \ubb38\uc81c\uac00 \uc788\ub2e4.)<br \/>\n\ud22c\uc790\uc5d0 \ub300\ud55c \uc704\ud5d8\uc740 \ubd84\uc0b0\ud22c\uc790\ub85c \ud574\uc18c\ud560 \uc218 \uc788\ub2e4.<br \/>\n(\ub2e8, \ud2b9\uc815 \uae30\uc5c5 \uc704\ud5d8\uc774\ub098 \uc2dc\uc7a5 \uc704\ud5d8 \ub4f1\uc758 \ubd88\ud655\uc2e4\uc131\uc740 \uc81c\uac70\ud560 \uc218 \uc5c6\ub2e4.)<br \/>\n\ub610\ud55c \uc218\uc775\uc774 \ub192\uc544\uc9c0\uba74 \uc704\ud5d8\ub3c4 \ucee4\uc9c4\ub2e4.<\/p>\n<p>\uc2dc\uac04\uacfc \uc704\ud5d8\uc5d0 \ub300\ud574 \uc774\uc57c\uae30\ud588\uc73c\ub2c8 \uc8fc\uc2dd\uc758 \uc608\ub97c \ud1b5\ud574 \uc790\uc0b0\uac00\uce58 \ud3c9\uac00\uc5d0 \ub300\ud574 \uc54c\uc544\ubcf8\ub2e4.<br \/>\n\uc8fc\uc2dd 20\uac1c\ub97c \uace8\ub77c\uc11c \ud22c\uc790\ud55c\ub2e4\uace0 \ud588\uc744 \ub54c \uc5b4\ub5bb\uac8c \uc8fc\uc2dd 20\uac1c\ub97c \uace0\ub97c \uac83\uc778\uac00?<br \/>\n(1) \uae30\ucd08\uac00\uce58 \ubd84\uc11d(fundamental analysis)\uc744 \ud1b5\ud574 \uace0\ub97c \uc218 \uc788\ub2e4.<br \/>\n(2) \ud6a8\uc728\uc801 \uc2dc\uc7a5 \uac00\uc124(efficient markets hypothesis)\uc5d0 \ub530\ub77c \ubb34\uc791\uc704\ub85c \uace0\ub97c \uc218 \uc788\ub2e4.<br \/>\n\u25c6 \ud6a8\uc728\uc801 \uc2dc\uc7a5 \uac00\uc124(efficient markets hypothesis) :<br \/>\n\uc790\uc0b0\uac00\uaca9\uc774 \uadf8 \uc790\uc0b0\uc758 \uac00\uce58\uc5d0 \uad00\ud55c \ubaa8\ub4e0 \uacf5\uac1c\ub41c \uc815\ubcf4\ub97c \ubc18\uc601\ud55c\ub2e4\ub294 \uc774\ub860<\/p>\n<p>\uc2dc\uc7a5\uc774 \ube44\ud569\ub9ac\uc801\uc774\ub77c\uace0 \ubbff\ub294 \uc0ac\ub78c\ub4e4\uc740<br \/>\n\uc8fc\uc2dd\uc2dc\uc7a5\uc774 \ud569\ub9ac\uc801\uc778 \uac00\uce58 \ud3c9\uac00\ub97c \ubcc0\ud654\uc2dc\ud0ac \ub9cc\ud55c \ub274\uc2a4\ub97c \ud1a0\ub300\ub85c \uc124\uba85\ud558\uae30\uc5d0\ub294<br \/>\n\uc5b4\ub835\uac8c \uc6c0\uc9c1\uc774\ub294 \uc0ac\ub840\uac00 \ube48\ubc88\ud558\ub2e4\ub294 \uc0ac\uc2e4\uc744 \uc9c0\uc801\ud55c\ub2e4.<br \/>\n\ud6a8\uc728\uc801 \uc2dc\uc7a5 \uac00\uc124\uc744 \ubbff\ub294 \uc0ac\ub78c\ub4e4\uc740<br \/>\n\uc5b4\ub290 \ud68c\uc0ac\uc758 \uac00\uce58\uc5d0 \ub300\ud574 \uc815\ud655\ud558\uace0 \ud569\ub9ac\uc801\uc778 \ud3c9\uac00\ub97c \uc54c \uc218 \uc5c6\uae30 \ub54c\ubb38\uc5d0<br \/>\n\ud2b9\uc815\ud55c \uac00\uce58 \ud3c9\uac00\uac00 \ube44\ud569\ub9ac\uc801\uc774\ub77c\uace0 \uc131\uae09\ud558\uac8c \uacb0\ub860\uc744 \ub0b4\ub824\uc11c\ub294 \uc548 \ub41c\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4.<br \/>\n\uadf8\ubfd0 \uc544\ub2c8\ub77c \uc2dc\uc7a5\uc774 \ube44\ud569\ub9ac\uc801\uc774\ub77c\uba74 \ud569\ub9ac\uc801\uc778 \uc0ac\ub78c\uc774 \uc774 \uc0ac\uc2e4\uc744 \uc774\uc6a9\ud558\uc5ec<br \/>\n\uc774\ub4dd\uc744 \ucde8\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<br \/>\n\uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc2dc\uc7a5\ubcf4\ub2e4 \ub098\uc740 \uacb0\uacfc\ub97c \uc5bb\uae30\ub294 \uac70\uc758 \ubd88\uac00\ub2a5\ud558\ub2e4.<\/p>\n<p><strong style=\"font-size: 15pt; color: blue;\">\u2605 \uc81c 28\uc7a5. \uc2e4\uc5c5 \u2605<\/strong><\/p>\n<p>28\uc7a5. \uc2e4\uc5c5 \uc5d0\uc11c\ub294<br \/>\n\ub2e8\uae30\uc2e4\uc5c5\uacfc \uc7a5\uae30\uc2e4\uc5c5(\ub9c8\ucc30\uc801 \uc2e4\uc5c5, \uad6c\uc870\uc801 \uc2e4\uc5c5)\uc744 \ud1b5\ud574<br \/>\n\uc2e4\uc5c5\uacfc \uad00\ub828\ub41c \uc804\ubc18\uc801\uc778 \ub0b4\uc6a9\uc744 \uc124\uba85\ud55c\ub2e4.<\/p>\n<p><img src=\"http:\/\/hyunsik.me\/wordpress\/wp-content\/uploads\/2016\/02\/2013\ub144\uc6b0\ub9ac\ub098\ub77c\uc2e4\uc5c5\ub960.png\" alt=\"2013\ub144\uc6b0\ub9ac\ub098\ub77c\uc2e4\uc5c5\ub960\" width=\"580\"><\/p>\n<p>\uc704 \ud45c\ub294 2013\ub144 \uc6b0\ub9ac\ub098\ub77c 15\uc138 \uc774\uc0c1 \uc778\uad6c \uad6c\uc131\uc744 \ub098\ud0c0\ub0b8\ub2e4.<br \/>\n\uacbd\uc81c\ud65c\ub3d9\uc778\uad6c(labor force) \ub294 \uc704 \ud45c\uc5d0\uc11c \ucde8\uc5c5\uc790\ub4e4\uacfc \uc2e4\uc5c5\uc790\ub4e4\uc744 \ud569\ud55c \uc778\uad6c\uc774\ub2e4.<br \/>\n[ \uacbd\uc81c\ud65c\ub3d9\uc778\uad6c = \uc2e4\uc5c5\uc790 \uc778\uad6c + \ucde8\uc5c5\uc790 \uc778\uad6c ]<br \/>\n\uc2e4\uc5c5\ub960(unemployment rate)\uacfc \uace0\uc6a9\ub960(employment rate)\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \uacc4\uc0b0\ub41c\ub2e4.<br \/>\n[ \uc2e4\uc5c5\ub960 = \uc2e4\uc5c5\uc790 \uc778\uad6c \/ \uacbd\uc81c\ud65c\ub3d9\uc778\uad6c * 100 ]<br \/>\n[ \uace0\uc6a9\ub960 = \uace0\uc6a9 \uc778\uad6c \/ \uacbd\uc81c\ud65c\ub3d9\uc778\uad6c * 100 ]<br \/>\n\uacbd\uc81c \ud65c\ub3d9 \ucc38\uac00\uc728(labor-force participation rate) \uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \uacc4\uc0b0\ub41c\ub2e4.<br \/>\n[ \uacbd\uc81c\ud65c\ub3d9 \ucc38\uac00\uc728 = \uacbd\uc81c\ud65c\ub3d9\uc778\uad6c \/ \uc804\uccb4 \uc131\uc778\uc778\uad6c * 100 ]<br \/>\n\u25c6 \ucde8\uc5c5\uc790 : \uc785\uae08\uc744 \ubc1b\uace0 \uc77c\ud55c \uc0ac\ub78c, \uc790\uc601\uc5c5\uc790 \ub4f1 \ud480\ud0c0\uc784, \ud30c\ud2b8\ud0c0\uc784 \ucde8\uc5c5\uc790\uac00 \ubaa8\ub450 \ud3ec\ud568<br \/>\n\u25c6 \uc2e4\uc5c5\uc790 : \ucde8\uc5c5\uae30\ud68c\uac00 \uc788\ub2e4\uba74 \uc77c\uc744 \ud560 \uc218 \uc788\uc73c\uba70, \uc77c\uc790\ub9ac\ub97c \ucc3e\uc73c\ub824\uace0 \ud588\uc73c\ub098 \uace0\uc6a9\ub418\uc9c0 \uc54a\uc740 \uc0ac\ub78c\ub4e4<br \/>\n\u25c6 \ube44\uacbd\uc81c\ud65c\ub3d9\uc778\uad6c : \uc804\uc5c5 \ud559\uc0dd, \uc8fc\ubd80, \uc740\ud1f4\uc790 \ub4f1 \uc55e\uc758 \ub450 \ubc94\uc8fc\uc5d0 \uc18d\ud558\uc9c0 \uc54a\ub294 \uc0ac\ub78c\ub4e4<\/p>\n<p>\uc7a5\uae30 \uc2e4\uc5c5\uc740 \ub2e4\uc74c\uc758 \uc774\uc720\ub85c \uc124\uba85\ub41c\ub2e4.<br \/>\n<strong>(1) \ub9c8\ucc30\uc801 \uc2e4\uc5c5(frictional unemployment) : \uc9c1\uc7a5\uc744 \uad6c\ud558\ub294 \uacfc\uc815\uc5d0\uc11c \uacaa\ub294 \uc2e4\uc5c5<\/strong><br \/>\n\ub9c8\ucc30\uc801 \uc2e4\uc5c5\uc740 \uacbd\uc81c\uc0c1\ud669, \uc9c1\uc5c5\uc120\ud0dd\uc744 \uc704\ud55c \uacf5\uacf5\uc815\ucc45, \uc2e4\uc5c5\ubcf4\ud5d8\uc758 \uc601\ud5a5\uc744 \ubc1b\ub294\ub2e4.<br \/>\n\uc774 \uc911 \uc2e4\uc5c5\ubcf4\ud5d8\uc740 \uc2e4\uc5c5\uc758 \uace0\ud1b5\uc744 \uc644\ud654\uc2dc\ucf1c\uc8fc\uc9c0\ub9cc \ub3d9\uc2dc\uc5d0 \uc2e4\uc5c5\uc758 \uc99d\uac00\ub97c \uac00\uc838\uc628\ub2e4.<br \/>\n\ub2e4\ub9cc \uc2e4\uc5c5\uae09\uc5ec\ub97c \ubc1b\ub294 \uae30\uac04\ub3d9\uc548 \uc790\uae30 \ucde8\ud5a5\uacfc \ub2a5\ub825\uc5d0 \uc798 \ub9de\ub294 \uc9c1\uc7a5\uc744 \ucc3e\uc744 \uac00\ub2a5\uc131\uc774 \ub192\uc544\uc9c0\uba70,<br \/>\n\ubcf8\ub798\uc758 \ubaa9\uc801\uc778 \uc18c\ub4dd\uc5d0 \ub300\ud55c \ubd88\ud655\uc2e4\uc131\uc744 \uc904\uc5ec\uc900\ub2e4\ub294 \uc7a5\uc810\uc774 \uc788\ub2e4. &#8211; \uc2e4\uc5c5 \ubcf4\ud5d8\uc5d0 \ub300\ud574\uc11c\ub294 \uc758\uacac\uc774 \ubd84\ubd84\ud558\ub2e4.<br \/>\n<strong>(2) \uad6c\uc870\uc801 \uc2e4\uc5c5(structural unemployment) : \ub178\ub3d9\uc758 \uacf5\uae09\uc774 \uc218\uc694\ub97c \ucd08\uacfc\ud574\uc11c \uc0dd\uae30\ub294 \uc2e4\uc5c5<\/strong><br \/>\n\uad6c\uc870\uc801 \uc2e4\uc5c5\uc740 \ucd5c\uc800\uc784\uae08\uc81c, \ub178\ub3d9\uc870\ud569, \ud6a8\uc728\uc784\uae08\uc5d0 \uc758\ud574 \ubc1c\uc0dd\ud560 \uc218 \uc788\ub2e4.<br \/>\n\ucd5c\uc800\uc784\uae08\uc81c\ub294 \ubcf4\ud1b5 \uc800\uc784\uae08\uc744 \ubc1b\ub294 \uccad\uc18c\ub144\uce35\uc758 \uc2e4\uc5c5\uc5d0 \uc911\uc694\ud55c \uc601\ud5a5\uc744 \ubbf8\uce5c\ub2e4.<br \/>\n\ub178\ub3d9\uc870\ud569(union) \uc740 \uc77c\uc885\uc758 \uce74\ub974\ud154\ub85c \uadfc\ub85c\uc790\ub4e4\uc774 \ubd80\uac00\uae09\uc5ec \ud61c\ud0dd, \uadfc\ub85c \uc870\uac74, \uc784\uae08 \ub4f1\uc5d0 \uad00\ud574<br \/>\n\uace0\uc6a9\uc8fc\ub4e4\uacfc \uc9c1\uc811 \ub2e8\uccb4\uad50\uc12d(collective bargaining) \ud558\uc5ec<br \/>\n\uc784\uae08\uc744 \uade0\ud615\uc784\uae08 \uc774\uc0c1\uc73c\ub85c \uc720\uc9c0\ub418\ub3c4\ub85d \ub9cc\ub4e4\uac8c \ub41c\ub2e4.<br \/>\n\ud6a8\uc728\uc784\uae08(efficiency wages)\uc740 \uadfc\ub85c\uc790\ub4e4\uc758 \uac74\uac15\uc744 \uc99d\uc9c4\uc2dc\ud0a4\uace0, \uc774\uc9c1\ud560 \ud655\ub960\uc744 \uc904\uc5ec\uc8fc\uace0,<br \/>\n\ub192\uc740 \uc0dd\uc0b0\uc131\uc744 \uac00\uc9c4 \uadfc\ub85c\uc790\ub97c \uace0\uc6a9\ud558\uace0, \uadf8\ub4e4\uc744 \uc5f4\uc2ec\ud788 \uc77c\ud558\uac8c \ub9cc\ub4e4\uae30 \uc704\ud574<br \/>\n\uade0\ud615\uc784\uae08\uc5d0 \ube44\ud574 \ub192\uc740 \uae09\uc5ec\ub97c \uc9c0\uae09\ud558\ub294 \uac83\uc774\ub2e4.<br \/>\n\uc704\uc758 \uc138 \uac00\uc9c0 \uacbd\uc6b0 \ubaa8\ub450 \ub178\ub3d9\uc758 \uacf5\uae09\ub7c9\uc740 \ub298\uace0 \uc218\uc694\ub7c9\uc740 \uc904\uc5b4\uc11c \uc2e4\uc5c5\uc774 \ubc1c\uc0dd\ud558\uac8c \ub41c\ub2e4.<br \/>\n\u2605 \uc2e4\uc5c5\uc5d0 \ub300\ud574 \uc880 \ub354 \uc790\uc138\ud788 : <a href=\"http:\/\/hyunsik.me\/wordpress\/?p=9002\" target=\"_blank\" rel=\"noopener noreferrer\">\uace0\uc6a9\uc758 \uac1c\ub150 \ubc0f \uce21\uc815\uc0c1\uc758 \ubb38\uc81c : \ub178\ub3d9\ub825\uc811\uadfc\ubc95\uacfc \ub300\uc548<\/a><\/p>\n<p>[line][\/line]<br \/>\n\u2605 \ubcf8 \ud3ec\uc2a4\ud2b8\ub294 PC \uc5d0\uc11c \uac00\uc7a5 \ubcf4\uae30 \uc88b\uac8c \ucd5c\uc801\ud654\ub418\uc5b4 \uc788\uc74c<br \/>\n[mqe][\/mqe]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[mqe][\/mqe] [line][\/line] \ub9e8\ud050\uc758 \uacbd\uc81c\ud559 9\ubd80\ub294 \uc544\ub798\uacfc \uac19\uc774 \uc774\ub8e8\uc5b4\uc838 \uc788\ub2e4. \uacbd\uc81c\uc131\uc7a5(GDP \uc131\uc7a5), \uc800\ucd95, \ud22c\uc790, \uc2e4\uc9c8\uc774\uc790\uc728, \uc2e4\uc5c5\ub960 \ub4f1 \uc8fc\uc694 \uc2e4\ubb3c\ubcc0\uc218\ub4e4\uc758 \uc7a5\uae30 \uacb0\uc815 \uc694\uc778\ub4e4\uc5d0 \ub300\ud574 \uc124\uba85\ud55c\ub2e4. \uc81c 9\ubd80. \uc7a5\uae30 \uc2e4\ubb3c\uacbd\uc81c \uc81c 25\uc7a5. \uc0dd\uc0b0\uacfc \uc131\uc7a5 \uc81c 26\uc7a5. \uc800\ucd95, \ud22c\uc790\uc640 \uae08\uc735\uc81c\ub3c4 \uc81c 27\uc7a5. \uc7ac\ubb34\uc774\ub860\uc758 \uae30\ucd08 \uc81c 28\uc7a5. \uc2e4\uc5c5 \u2605 \uc81c 25\uc7a5. \uc0dd\uc0b0\uacfc \uc131\uc7a5 \u2605 25\uc7a5. \uc0dd\uc0b0\uacfc \uc131\uc7a5 \uc5d0\uc11c\ub294 \uc0dd\uc0b0\uc131\uacfc \uc0dd\uc0b0\uc131\uc744 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1907],"tags":[1934,1898,1915,1935],"jetpack_featured_media_url":"","views":"","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/7620"}],"collection":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7620"}],"version-history":[{"count":38,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/7620\/revisions"}],"predecessor-version":[{"id":14600,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/7620\/revisions\/14600"}],"wp:attachment":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7620"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}