• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.569-593
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• 2005

This study tests for the law of one price and Grander Causality between the EU ETS and Nord Pool $CO_2$ allowance prices. The Johansen cointegration test shows that there exists a long run equilibrium between EU ETS and Nord Pool prices and support the law of one price. The Granger casuality test suggests that the EU ETS leads Nord Pool for all vintages traded. The test results imply that the EU ETS can be regarded as the representative carbon market in the EU where many exchanges just started competing for the newly rising market for carbon.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.49 no.5
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• pp.425-435
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• 2021

It is imperative to examine the regulatory trends of leading overseas aviation authorities to accelerate the effort to integrate emerging new air vehicle concepts such as UAS and eVTOL into the existing national airspace system. Whilst EASA seems to react swiftly in relation to regulatory framework by proposing new sets of customised special conditions to cope with a growing demand to introduce new aircraft concepts, understanding of such movement lags behind mainly due to the complexity of EASA's regulation structure, not to mention EU's legal system. Witnessing this situation, this paper reviewed the legal system of the EU which forms the basis of EASA's regulation system together with its own recently published UAS regulations so as to contribute towards the improvement of the aviation regulatory framework.

• Management & Information Systems Review
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• v.39 no.2
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• pp.17-37
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• 2020

The purpose of this study is to investigate the global spillover effects through the existence of linear and nonlinear causal relationships between the US, European and BRIC financial markets after the period from the introduction of the Euro, the financial crisis and the subsequent EU debt crisis in 2007~2010. Although the global spillover effects of the financial crisis are well described, the nature of the volatility effects and the spread mechanisms between the US, Europe and BRIC stock markets have not been systematically examined. A stepwise filtering methodology was introduced to investigate the dynamic linear and nonlinear causality, which included a vector autoregressive regression model and a multivariate GARCH model. The sample in this paper includes the post-Euro period, and also includes the financial crisis and the Eurozone financial and sovereign crisis. The empirical results can have many implications for the efficiency of the BRIC stock market. These results not only affect the predictability of this market, but can also be useful in future research to quantify the process of financial integration in the market. The interdependence between the United States, Europe and the BRIC can reveal significant implications for financial market regulation, hedging and trading strategies. And the findings show that the BRIC has been integrated internationally since the sub-prime and financial crisis erupted in the United States, and the spillover effects have become more specific and remarkable. Furthermore, there is no consistent evidence supporting the decoupling phenomenon. Some nonlinear causality persists even after filtering during the investigation period. Although the tail distribution dependence and higher moments may be significant factors for the remaining interdependencies, this can be largely explained by the simple volatility spillover effects in nonlinear causality.

• Journal of Environmental Impact Assessment
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• v.23 no.4
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• pp.296-314
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• 2014

In recent years, Ministry of Environment (MOE) has been implementing a phased strengthening of the effluent standards for sewage treatment plants. In this regard, a comprehensive system should be developed to help check the appropriateness of such standards by specifying the grounds for standard-setting and investigating the current operation of sewage treatment plants clearly. It is necessary to establish a new standard-setting system for the effluent that is in a closer connection with the environmental criteria and rating systems. In the United States, the federal government provides guidelines on the least provisions and requirements for the Publicly Owned Treatment Works (POTWs). Local governments set the same or stricter guidelines that reflect the characteristics of each state. In Japan, the sewage treatment plants are subject to both the effluent standards and the discharge acceptable limits to pubic waters under the sewerage law. Specific requirements and limits are set in accordance with local government regulations. The European Union imposes sewage treatment plants with different provisions for effluent standards, depending on the sensitivity of public waters to eutrophication. The effluent standards for sewage treatment plants are classified by pollutant loads discharged to receiving waters. MOE also needs to introduce systems for setting new parameter standards on a POTW effluent by applying statistical means and treatment efficiencies or optimal treatment techniques, as seen in the cases of the US National Pollutant Discharge Elimination System (NPDES) or the EU Integrated Pollution Prevention and Control (IPPC).

• Journal of the Korean Recycled Construction Resources Institute
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• v.4 no.2
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• pp.125-135
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• 2016

The objective of this paper is to provide integrated Korea industrial standards(KS) for concrete aggregates, which has been separately provided with ten kinds of KS, in order to improve the way of quality management of concrete aggregate and to prevent distribution of unsuitable aggregates. For the sequences of the paper, typical foreign standards related to concrete aggregates including ASTM for US, EN for EU, JIS for Japan are reviewed and compared to provide necessities and feasibilities of the paper. Based on the analysis above results, existing KS for concrete aggregates, which have been separately provided with ten kinds being lack of correlation between each KS is integrated to KS F 2526 "Aggregates for concrete" in this paper. By doing this, in terms of terminology, the expression of the aggregate, which has been currently classified into specified terminologies of aggregates depending on sources, manufacturing methods of each aggregates, is able to be integrated to single expression of the aggregate for concrete. It is believed that integrated KS presented herein provides more desirable way in terms of its better accessibility, easier revision and closer connection between each aggregate kinds.

• Journal of Practical Engineering Education
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• v.11 no.2
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• pp.259-268
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• 2019

The purpose of the study was to examine the vocational educational system of Egypt, focusing on the effectiveness of the three consecutive cycle-based curriculum and integrated technical education clusters (ITECs) in order to suggest some implications for innovating the current vocational education system of Korea. The vocational education system of Egypt is similar to that of Korea, in terms of general education to go to university and vocational education to go to labor market. However, the Egyptian system is different from the system of Korea in light of the three consecutive cycle-based curriculum that links secondary vocational education, vocational education of college level, and advanced technical and vocational education. In addition, the Egyptian system has adopted the "cluster" approach which integrates technical secondary school, intermediate technical college, and advanced technical college around one physical area so as to promote vocational education in collaboration with regional industries and to guarantee education quality. In the last part, some potential implications were suggested for upgrading the quality of vocational education of Korea based upon the benchmark results of the Egyptian vocational education system and career development of students.

• Journal of the Korean Society for Railway
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• v.16 no.6
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• pp.551-557
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• 2013

This research aims to conduct a study on the feasibility of the LTE communication method for developing a dedicated integrated railway wireless network. An empirical analysis was carried out by establishing a dedicated integrated railway wireless network in an approximately 12km section between Illo station and Daebul station on the Honam line. Korean wireless communication methods for railway safety are different depending on each line, which makes it difficult for railway workers to cooperate with. This causes various problems. There is the ever-present risk of accidents due to call disconnection between wireless communication systems, frequency interference from commercial networks, and crosstalk. This study verified the feasibility of the 4th generation communication system, LTE, over the dedicated integrated railway wireless network as a solution for the above mentioned problems. The result shows this communication system exceeded existing performance standards of Europe GSM-R in every test item despite the location constraint of train tracks on the base station establishment.

• Journal of Navigation and Port Research
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• v.38 no.3
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• pp.217-225
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• 2014

The system that covers gathering, integrating, exchanging, presenting and analyzing of information within ships and shores for the safety and security in Marine Environment is known as e-Navigation Policy. Northern Europe has been conducting research and development. It came up into a concept that deals with ship's route information between vessels as well as vessels to shores which is better known as route exchange system. The research showed substantial advantages on navigational safety by exchanging the route information between vessels in vicinity and vessels to shores. Therefore, upon the adaptation of route exchange System as a major function in integrated navigational system, the existing procedures in VTS could be changed for betterment. In this study, it was verified the effectiveness of route exchange system by the adaptation of a recent collision accident occurred in Korean coast and suggested that route exchange system which would be carried out by the discretion of VTS center in VTS area. Finally, it proposed the new functions for outstanding services and procedures of integrating traffic organization services on coastal VTS for an effective route exchange system in Korean coastal area.

• Journal of the Economic Geographical Society of Korea
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• v.18 no.3
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• pp.267-280
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• 2015

The European civil aviation industry, which had lower technical skills, capital strength and market scale than the U.S., adopted the production system of joint development and division labor between the nations of Europe. Each plant locations strengthened their specialization of the production branch in the past 40 years with a geographical accumulation of the specialized manufacturing facilities, suppliers, universities and laboratories by the logic of geographical proximity and learning effect. The cargo plane transportation system in the production of short- and medium-haul aircraft facilitated the geographical dispersion of manufacturing process and the logistical linkage among the various plant locations. But the production of long-haul large aircraft(A380) chosen the transportation system by the cargo ship because of the size and weight. Considering the transportation system by the cargo ship, the choice of Toulouse as a final assembly plant location was the irrational locational decision from a locational point of view. This locational choice is explained by the merging process of the European civil aviation industry, the logic of learning effect and geographical proximity, and the active attraction support policy.

• Journal of the Korean association of regional geographers
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• v.10 no.2
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• pp.252-266
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• 2004

This study analyzes the influence of the construction of a high-speed railroad on territorial organization in France. After development of a new transportation network, the French territorial organization has been largely modified. Many economic urban areas are modified by their position in the territorial hierarchy according to their condition of connection with the TGV network. At first, spatial convergence is the most important effect of the TGV network construction. Second, the development of a transportation network concentrated in the Paris area has influence as an intensified factor on metropolitan areas and as a weakening factor on middle- and small-sized cities. Thus, this system has risk in increasing territorial imbalance in France. Third, to implant an economic activity zone around new TGV stations, a new town or a new economic center starts to develop. This is going to grow into a second core outside of the old city center so that regional spatial organization is transformed from a mono-polarized(mono-centric) organization to a multi-polarized(polycentric) one. Lastly, the integration of the EU railroad system enhances the concentration of economic activity in European metropolitan areas as each metropolitan area tries to develop more competitive space for its rising position in the global urban hierarchical system.