• Title/Summary/Keyword: 물가지수

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Development of Quantity based Base Period Price Index(QBPPI) to calculate Construction Cost Index (건설공사비지수의 산정을 위한 수량기반 기준시점 가격지수의 개발)

  • Park, Sung-Chul;Koo, Kyo-Jin;Hyun, Chang-Taek
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.5
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    • pp.77-84
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    • 2006
  • Indexes have played an important role as a economic indicator or performance indicator in many industries for a long time. In construction industry, indexes, or Construction Cost Index(CCI), have been used to compensate for the gap of time in Estimate Using the Historical Cost Data from Feb. 2004. CCI is composed of index formula and resources. Existing literatures had used Laspyeres Index as a index formula. And, Leontief table, the bills of quantities, and information of price surveyor were used as a resource. When applying Laspyeres formula and the resources to calculating the CCI, the problems such as double application of price fluctuation, calculating the incorrect weights, may be generated. This paper analyzed the existing economic relevant indexes as well as Laspyeres formula. Thus, feasibility of them was analyzed using three practical cases of apartments. And then, Quantity based Base Period Price Index(QBPPI) was developed to consider the characteristics of construction more accurately.

VECM모형을 이용한 거시경제변수와 주가간의 관계에 대한 실증분석

  • Hwang, Seon-Ung;Choe, Jae-Hyeok
    • The Korean Journal of Financial Studies
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    • v.12 no.1
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    • pp.183-213
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    • 2006
  • 본 연구의 목적은 공적분 검정과 예측오차 분산분해 방법을 이용하여 우리나라 주식시장에서 주가지수와 거시경제 변수들과의 계량적 관계를 파악하고 종합주가지수와 밀접한 관련성이 있는 변수를 사용하여 종합주가지수와 거시경제변수들 사이의 모형을 추정하는 것이다. Johansen 공적분 검증을 이용한 결과를 보면 종합주가지수와 7개의 거시경제변수들(총통화, 소비자물가지수, 금리, 산업생산지수, 원 달러 환율, 국제원유가격, 경상수지) 사이에 상당히 밀접한 연관성이 있으며, 이들 변수들 사이에 장기적 균형 관계가 존재하였다. 예측오차 분산분해 방법을 사용한 분석결과에서는 종합주가지수의 분산을 예측하는데 있어서 이들 거시경제변수들의 설명력이 매우 높게 나타났다. 또한 우리나라의 주식시장에서는 금리, 국제원유가격, 경상수지 등의 요인보다는 원 달러 환율, 소비자물가지수, 산업생산의 비중이 더 크다는 사실을 알 수 있었다. 우리나라의 자본시장에서는 1997년 말 외환위기를 전후로 하여 현저한 구조적 변화가 존재하였기 때문에 백터오차수정모형을 설정할 때에는 외환위기 이전기간과 이후기간으로 나누어서 분석하는 것이 더욱 타당함을 확인할 수 있었다.

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Improved Escalation Method for the Cost Estimation System using Previous Bid Price in Public Construction Projects (공공 건설공사에서의 실적공사비 적용에 따른 물가변동률 산정기준 개선방안)

  • Baek, Seung-Ho;Kang, Tai-Kyung;Lee, Yoo-Sub
    • Journal of the Korea Institute of Building Construction
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    • v.12 no.1
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    • pp.108-114
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    • 2012
  • Escalation method examining the changes in price index has been widely utilized in public construction projects. The previous escalation method determined estimated changes in price based on the average unit price of contract items over a period of time. In relation to this method, the issue has been raised that the fluctuation rates of previous method show different trends compared with other related price indices, as the influence of the small group of contract items with large unit prices overwhelms the others. This research suggested an improved escalation method which estimates the fluctuation rate by examining the changes in CCI (construction cost index) and applies it to the total amount or the partial amount deducted for labor cost in price escalation for previous bid price method. To verify the improvement, a case study is conducted on an educational facility, and the fluctuation rate was estimated in two different base periods (short term, long term). The results over the long term showed similar tendencies to those of related price indices, as well as significant differences in fluctuation rates compared to those of the previous method.

A Conceptual Investment Cost Estimation Using by Cost Indices for the Train Control Facility of High-speed Rail Project (원가지수를 이용한 고속철도 설비의 개략적 투자비 추정기법)

  • Lee, Young-Joo;Lee, Yong-Eok;Jang, Seong-Yong
    • Journal of the Korean Society for Railway
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    • v.14 no.2
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    • pp.194-202
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    • 2011
  • Most of Orders of Magnitude estimate are based on historical data. This data is converted to the current price using by the cost index method mainly. This method, however, is rarely utilized or only for one-time use due to the lack of data and the complex escalation calculation method. This paper present a typical process on the conceptual investment cost estimation using by Cost Indexes based on the actual case for the Train Control facility of High-speed rail project. The result is expected to serve as both an easy way for Order of Magnitude estimate and a standard guideline for computerized modeling.

Case Study on Development of Residential Building Cost Index Compilation Model (주택원가지수 산정모델 작성 사례연구)

  • Cho Hun-Hee;Lee Yoo-Seob;Kang Tai-Kyung
    • Korean Journal of Construction Engineering and Management
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    • v.4 no.4 s.16
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    • pp.220-226
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    • 2003
  • The Residential Building Cost Index which presents price variation of construction resources required in a residential building project in single value, has been compiled to evaluate appropriate level of the price variation. This research reviewed the compilation methodology for Residential Building Cost Index based on comparative analysis on domestic statistics and proposed the Residential Building Cost Index through a variety of case studies. It would facilitate monitoring the price variation of a residential building cost and contributes to enhancing the applicability of construction cost data.

Study on the Estimating Pattern for Rate of Arrearage in Domestic Bank (국내 시중은행의 연체율 패턴 분석에 관한 연구)

  • Park, Hyoung-Keun;Kim, Hee-Cheul
    • Proceedings of the KAIS Fall Conference
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    • 2009.12a
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    • pp.727-730
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    • 2009
  • 국내일반은행 연체율은 그룹(대출형태)별로 다양한 원인에 의해서 연체율 결정이 이루어지고 있어 복잡성을 띠고 있다. 본 연구에서는 복잡성을 띠고 있는 연체율의 제 변인들을 파악하기 위해 패널 데이터 모형를 이용한 연구 모형을 설정하고 이를 통해 연체율에 결정적으로 영향을 미치는 제 변인에 대하여 조사, 분석, 검증한다. 본 연구는 3 그룹(기업대출, 가계대출, 신용카드 대출)을 분석대상으로 하였다. 분석기간은 2005년 1월부터 2009년 6월까지의 자료를 이용하였고. 국내은행 연체율을 종속변수로 설정하고 소비자물가지수, 종합주가지수, 환율, 동행(경기)종합지수, 국민주택채권, 고용률을 독립 변수로 투입하였다. 국내일반은행 연체율 요인을 추정한 결과 소비자물가지수는 정(+)의 영향을 미치는 유의한 변수로 나타나고 동행(경기)종합지수와 종합주가지수는 음(-)의 영행을 나타내는 유의적인 변수이지만 환율, 국민주택채권 그리고 고용률은 각각 유의적인 음(-)의 영행을 나타내는 비유의적인 변수로서 연체율에 큰 영향으로 주지는 않은 것으로 나타났다.

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A Study on the Policies to improve the Escalating Regulations of Construction Price - With a Focus on Results of a Delphi Survey - (물가 변동에 따른 건설공사비 조정 제도의 개선 방안 - 델파이(Delphi) 설문 조사 결과를 중심으로 -)

  • Choi Min-Soo
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.6 s.22
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    • pp.203-211
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    • 2004
  • This study is the results to survey on the problems and improvable Policies for current escalation system in construction contracts, through a Delphi survey to experts. From the survey results, it is desirable to decide the fluctuation rate of construction cost, which is the requirement of escalation clause, on the basis of inflation rate or construction cost index. The desirable price fluctuation rate is proposed as a $3\%$ level. However, it is difficult for construction companies to cope with the sudden increase of material price in advance, arising from short-term shock factors such as exchange rate and international raw material's price. Accordingly escalation system for specified materials, as an exceptional mode, should be introduced. As a method to calculate the fluctuation rate, ARCA(adjustment rate for the categories of articles) is more desirable than ARI(adjustment rate for an index), because the ARCA can be more reflected the characteristics of each construction work.To rationalize the ARI method, it is needed to announce the wage index, material index and machinery expense index via detailed classification by construction types. Also, it is desirable to prescribe the bidding date as a starting date of the price change, rather than contact signing date. considering the price change can happen since the biddiilg stage.

A Study on the Improvement of Depreciation Management for Construction Equipment Considering Economic Efficiency (경제성에 의한 건설중장비 감가상각관리 개선)

  • Lee, Yongsu
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.4D
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    • pp.357-366
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    • 2012
  • Construction equipment has applied to depreciation over the years, however, the price index for construction equipment is not properly reflected in existing quantity per unit and the local tax law. Thus, this study shows the analysis of the corporate tax law, the local tax law and business accounting standards, characteristics of the domestic depreciation system and depreciation methods, and the capital recovery factor of construction equipment applying the theory for economic efficiency. It also presents cases of depreciation on the basis of quantity per unit and tax law using straight-line depreciation method and declining balance method. It is proposed that the relations of the application system of permissible period for construction equipment and the existing system be explained and the application system of permissible period for construction equipment be imposed. Furthermore, it proposes the development of depreciation tables of construction equipment monthly expenses based on the domestic price index and applications. In addition of that, it proposes the analysis of pros and cons of the methods suggested and application limits of the study and subsequent improvement plans. This study should reflect more rational and objective reality in quantity per unit and tax law.

한국(韓國)의 수출함수(輸出函數) : 수출단가(輸出單價)와 수출물가(輸出物價)의 비교(比較) 및 효율적(效率的) 공적분추정법(共積分推定法)의 이용(利用)

  • Yu, Yun-Ha
    • KDI Journal of Economic Policy
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    • v.17 no.2
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    • pp.91-126
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    • 1995
  • 본고에서는 우리나라의 수출수요함수(輸出需要函數) 추정(推定)에 있어서 1) 통상적으로 많이 사용되고 있는 수출단가지수(輸出單價指數) 대신 수출물가지수(輸出物價指數)를 이용하고, 2) 공적분(共積分)벡터의 추정에 있어서 Engle and Granger(EG)의 정태적(靜態的) OLS 대신 효율적(效率的) 추정법(推定法)(efficient estimator)을 이용하여 수출(輸出)의 소득(所得) 및 가격탄성치(價格彈性値)를 추정(推定)하고자 하였다. 추정결과(推定結果) 소득탄성치(所得彈性値)는 어느 경우에나 큰 차이가 없었으나 가격탄성치(價格彈性値)에 있어서는 큰 차이가 발견되었다. 즉 수출단가(輸出單價)를 EG방법(方法)으로 추정(推定)한 경우에는 비탄력적(非彈力的)인 것으로, 수출물가(輸出物價)를 이용한 경우에는 단위탄력성(單位彈力性)을 갖는 것으로, 그리고 효율적(效率的) 추정법(推定法)을 이용한 경우에는 매우 탄력적(彈力的)인 것으로 판명되었다. 또 EG 방법을 이용한 경우에는 공적분관계(共積分關係)의 존재가 부정되었으나 효율적(效率的) 추정법(推定法)을 이용한 경우에는 유의(有意)한 공적분관계(共積分關係)가 존재하는 것으로 나타났다.

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Analysis of the effects of direct overseas purchasing and sales on macroeconomic variables and electronic commerce (해외직접구매와 해외직접판매가 거시경제변수와 전자상거래에 미치는 영향 분석)

  • Jeong, Eun-Hee;Lee, Byung-Kwan
    • The Journal of Korea Institute of Information, Electronics, and Communication Technology
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    • v.12 no.3
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    • pp.192-200
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    • 2019
  • This paper is analyzed causality using cointegration test and impact response after deriving a causality between direct overseas purchasing and sale and macroeconomic variables. The model used for the empirical analysis is the vector error correlation model. The model is used the macroeconomic variables such as the consumer price index and the GDP, and e-commerce variables such as direct overseas purchasing, direct overseas sales and online shopping amount. According to empirical analysis, the direct overseas purchasing has the causality with the consumer price index, and GDP has the causality with direct overseas purchasing and online. According to the impact response analysis of the VECM, the direct overseas purchasing has a positive effect on the CPI and GDP, but the direct overseas sales has a negative effect on the CPI and GDP. In addition, both direct overseas purchasing and sales have a negative effect on online shopping, but it has been shown that the direct overseas purchasing has a bigger negative effect on online shopping.