• Journal of the Economic Geographical Society of Korea
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• v.16 no.4
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• pp.631-646
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• 2013

This paper empirically explores the pattern of causality between bank lending and housing prices in Korea over a period of the early 1990s to the end of 2000s by employing a long term cointegration and short-term time series regression analysis. Although the contemporaneous correlation between bank lending and housing prices is large, the analysis shows that the intense interaction between credit growth and bank lending to household arises from a growth in banking lending responding to an increase in housing prices. In addition, the regulatory change such as the introduction of financial constraints on bank loans such as LTV and DTI in the early and mid-2000s has played a significant role in stabilizing financial and real estate markets.

• Journal of Korean Society of Forest Science
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• v.103 no.4
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• pp.696-702
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• 2014

This study was conducted to provide resonable price of timber that come out from certified forests for sustainable forest management. To accomplish this study objectives, we analyzed compound interest method, willingness to pay (WTP) and price sensitivity measurement (PSM) when buying certified pulp. In case of compound interest method, we used prime cost by average price per ha of each area (Hongcheon, Inje, Shinnam) and unit price that add up the pulp price and investment costs. Interest rate reflects 2 to 6% and investment period apply to 5 years. WTP and PSM data were collected from questionnaire survey. As a result, if apply to interest rate of 2% and investment period of 3 years, result values are quite similar to WTP of 5% and optimal pricing point of PSM. That also showed similar pattern in each area.

• Current Research on Agriculture and Life Sciences
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• v.4
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• pp.141-153
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• 1986

This study intends to document the existing cyclical fluctuations of garic and onion price at farm gate level during the period of 1966-1986 in Korea. The existing patterns of such cyclical fluctuations were estimated systematically by removing the seasonal fluctuation and irregular movement as well as secular trend from the original price through the moving average method. It was found that the cyclical fluctuations of garic and onion prices repeated six and seven times respectively during the same period, also the amplitude coefficient of cyclical fluctuations showed speed up in recent years. It was noticed that the cyclical fluctuations of price in onion was higher than that of in garic.

• Environmental and Resource Economics Review
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• v.22 no.4
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• pp.759-784
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• 2013

Participants can use the allowances and offsets for implementing the compliance in the Emissions Trading Scheme(ETS). There are alternative commodities which are different prices it gives the opportunities to reduce the compliance costs and get the arbitrage. This study analyzes the price driver of spread which is the difference between EUA and sCER using AR-GARCH model, EUA and CER during the Phase 2 in EU ETS. The results show that there are common elements which impacts the EUA and sCER and also different elements between them. EUA and sCER get the effects from energy price and economic criteria such as coal price and financial crisis as common elements. However them get the effects from electric price, policy criteria such as restricted CERs and difference price between EUA and ERU price as different elements. The results shows that spread will be widen if energy price increase, especially oil and electric price give more impacts the spreads. This study has the means that it explains the reason why the spreads will broaden sharply in 2012. And it also suggests the price driver of spread during the whole period of Phase 2. In addition, this study shows that political aspects maybe become the main criteria of price change with structural elements shch as energy price in Korea ETS which starts in 2015.

• Proceedings of the KIEE Conference
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• 2009.07a
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• pp.559_560
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• 2009

정부의 녹색성장기본법(안)에 따라 총량제한 배출권 거래제가 도입될 예정이므로, 배출규제에 대응한 전력시장의 제도적 대응이 요구된다. 본 논문은 배출비용을 감안한 발전원가를 평가하고, 전력시장이 현 비용입찰시장(CBP)의 형태를 유지한다는 전제하에 배출규제에 따른 전력시장가격의 영향을 분석하였다. 배출비용을 감안하더라도 전원별 급전우선순위는 변화하지 않으므로 비용최소화를 위한 전략은 기존 발전패턴을 유지하고 배출권을 구입하는 전략이 된다. 그러나 전기요금 안정화를 위한 발전회사의 수익 규제는 연료전환을 유도하여 배출감축에는 기여하지만, 발전비용 및 전력시장가격을 다소 상승시키게 된다. 한편 발전회사에 대한 수익규제는 배출권시장의 수급여건을 변화시키게 되므로, 전력시장과 배출권시장의 운영, 분석 및 규제에 대한 일원화된 체제의 필요성을 강하게 시사한다.

• Journal of Korean Society of Transportation
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• v.12 no.4
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• pp.65-88
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• 1994

교통수요와 공급은 상호 밀접한 연관성을 지니고 있다. 교통수요는 교통시설 서비 스수준 및 교통시설의 이용가격에 영향을 미치는 반면에 교통시설 공급비용과 서비스수준은 교통수요에 영향을 준다. 또한, 교통수요와 공급간의 상호작용은 도시공간상에서 발생하기 때문에 교통시스템의 공간적 구조 및 도시의 공간적 특성은 공급, 가격 및 수요를 통합한 교통균형모형에 있어서 매우 중요한 영향인자로 작용하게 된다. 그러나, 이제까지 개발된 교통균형모형에서는 통행인의 통행시간가치 및 교통체증의 도시공간상 변화가능성을 적절하 게 반영하지 못하고 있다. 본 연구에서는 도시공간상에서 통행인의 통행시간가치 변화패턴 을 반영한 수 도시공간상에서의 교통시설의 최적 서비스 수준, 교통수단별 최적요금체계를 도출할 수 있었다. 단핵도시구조를 지닌 도시공간상에서의 최적버스요금은 통행거리에 따라 할증되는 체계를 가져야 한다. 선행연구에서는 승용차에 대한 통행혼잡세 부과는 소득역분 배적인 효과를 초래하는 것으로 알려졌다. 그러나 버스의 요금구조나 서비스 수준이 최적수 준에서 제공된다면 통행혼잡세는 소득역분배적 결과를 초래하지 않는 것으로 나타났다.

• Environmental and Resource Economics Review
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• v.22 no.2
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• pp.251-279
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• 2013

Prices of oil products such as gasoline and diesel are deregulated since 1997 while electricity price is still controlled by government. This difference may explain recent discrepancy in the patterns of demand for oil products and electricity - constant increase in electricity consumption and stagnant demand for oil. To verify it empirically, we estimate price and income (production) elasticity of demand across time by using a rolling regression with 10 year-window based on monthly data for 1981-2011. Estimation results show that the sensitivity to price in demand for gasoline and diesel has increased since mid-90s while the elasticity of demand for electricity has become smaller. Second, income (production) elasticities of demand have shown no significant changes for both oil products and electricity. Third, cross-price elasticity was found meaningful only for gasoline before mid 1990s and for diesel after then.

• Pallet News
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• s.45
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• pp.9-12
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• 2007

본 내용은 2007년 2월 20일 목재신문사에 기재된 내용으로써 미국활엽수수출협회의 자료제공을 기본 바탕으로 이루어진 내용이다. 파렛트 제작의 요도로도 쓰이는 활엽수의 생산지중 한곳은 북미 시장이다. 가격변화를 일으키는 원동력에 대한 이해를 통하여 북미지역 활엽수재 생산과 교역, 활용 패턴에 대한 기본적인 개요를 살펴보도록 하겠다.

• Journal of the Korea Convergence Society
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• v.12 no.11
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• pp.27-33
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• 2021

With increasing interest in key areas of the 4th industrial revolution such as artificial intelligence, deep learning and big data, scientific approaches have developed in order to overcome the limitations of traditional decision-making methodologies. These scientific techniques are mainly used to predict the direction of financial products. In this study, the factors of apartment prices, which are of high social interest, were analyzed through SOM. For this analysis, we extracted the real prices of the apartments and selected a total of 16 input variables that would affect these prices. The data period was set from 1986 to 2021. As a result of examining the characteristics of the variables during the rising and faltering periods of the apartment prices, it was found that the statistical tendencies of the input variables of the rising and the faltering periods were clearly distinguishable. I hope this study will help us analyze the status of the real estate market and study future predictions through image learning.

• Journal of the Korean Society of Food Science and Nutrition
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• v.34 no.9
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• pp.1407-1413
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• 2005

Korean households' expenditures on the eating -out have been steadily increasing except for the foreign exchange crisis period. This paper aimed to examine the eating-out expenditures of salary and wage earners's households by educational attainment of household head. We modeled the demand function of eating-out in terms of income and price, examining the responsiveness of eating-out demand to changes in income and price using econometric methods such as regression, rolling regression and impulse response. This paper showed that coefficients of income and price tended to decrease as the income rises in the long-run. Specifically, the higher the educational attainment of household head is, the smaller the coefficients of income and price we. The impulse response analysis also indicated that while price shocks decreased the demand for eating-out, income shocks tended to increase tile demand for eating-out in all the educational attainments. Furthermore income shocks were much greater and last longer than price shocks at all educational attainments of household heads.