• Title/Summary/Keyword: 정책 변동

Search Result 576, Processing Time 0.026 seconds

An analysis of changes in the influence of GDP gap on inflation (GDP갭의 물가영향력 변화 분석)

  • Chang, Youngjae
    • Journal of the Korean Data and Information Science Society
    • /
    • v.26 no.6
    • /
    • pp.1377-1386
    • /
    • 2015
  • GDP gap is closely related with economic activity of a country as a whole, especially with the economic fluctuations which is called business cycle. GDP gap is regarded as an important variable for the monetary policy of the central bank because it provides information on the excess demand pressures and employment matters. However, GDP gap may not provide enough information of the effect of recent economic structural change or the environmental change of domestic and external economic condition. In this paper, the GDP is decomposed by statistical filtering techniques and various models are fitted to estimate the influence of GDP gap on Inflation and see if it has been changed. Analysis results show that the influence of GDP gap on inflation decreased in the 2000s while that of global GDP gap increased. These results also support that recent low inflation rate is due to the change of overseas economic condition, such as a slowdown in exports resulting from the global recession, as well as domestic factors.

Cost.Benefit Risk Based Purchase Pricing Process Model for Feed in Tariffs of Photovoltaic Power Projects (비용.수익 리스크 기반 태양광사업 발전차액지원 기준가격 산정 프로세스 모델)

  • Kim, Se-Jong;Koo, Kyo-Jin
    • Korean Journal of Construction Engineering and Management
    • /
    • v.11 no.1
    • /
    • pp.113-121
    • /
    • 2010
  • Since the cut-down of the purchasing price of the feed in tariff(FIT) in 2008, the numbers of photovoltaic projects get decreased, contrary to investment expansion policy of government on renewable energy. The root cause of the decrease is the irrationality of the current purchasing price structure of FIT as well as the adversity of fund raising due to the global financial crisis. This study proposes the FIT calculating model (Cost & Benefit Risk Based Purchase Price Process : CBRP3) reflecting the fluctuation of cost and benefit risks. The first step is to establish the photovoltaic generation alternatives, and to calculate each distribution data of the investment and the power generation quantity. The FIT for each alternative is, then, assessed through simulations. Finally the proposed FIT scheme is compared to the present FIT scheme and future study subjects are derived.

Analysis on Time Dependent Traffic Volume Characteristics on Highways linked to Recreation Areas (관광지 종류별 일반국도 교통량의 시간별 특성 연구)

  • Kim, Yun Seob;Oh, Ju Sam;Kim, Hyun Seok
    • KSCE Journal of Civil and Environmental Engineering Research
    • /
    • v.26 no.1D
    • /
    • pp.23-30
    • /
    • 2006
  • The variation in the traffic volume on any given roads is the reflection of its user's economic activities and life patterns. And traffic volume flows in every hour usually take different charateristics depending on the location and the function of the roads. This study produced the Monthly Adjustment Factor, Weekly Adjustment Factor and Design hourly Factor, each of which is the index indicating the traffic volume charaterirstics on the highways leading to the recreation areas in the mountainous and seaside tourist sites. Applying these results, it might be possible to calculate the optimal AADT (Annual Average Daily Traffic) and DHV (Design Hour Volume), also be a help to establish a traffic management policy. Finally, it hopes to promote new version of KHCM (Korea Highway Capacity Manual) which includes traffic volume characteristics on recreation areas.

Changes in the Religious Topography of the Great Gwanghaegun: Policies towards Buddhism and the Affected Buddhist Community (광해군 대(代)의 종교지형 변동 - 불교정책과 불교계의 양상을 중심으로 -)

  • Lee, Jong-woo
    • Journal of the Daesoon Academy of Sciences
    • /
    • v.36
    • /
    • pp.227-266
    • /
    • 2020
  • The purpose of this paper is to review the representative Buddhist policies enforced during the reign of Gwanghaegun (光海君), the 15th king of the Joseon Dynasty, and the aspects of the Buddhist community affected by them. Through this, the influence and dynamism of Buddhism during the reign of Gwanghaegun will be revealed. Some of the findings will run contrary to what is popularly known about Joseon Buddhism and the policy of Sungyueokbul (崇儒抑佛), 'Revering Confucianism and Supressing Buddhism.' During the Joseon Dynasty, Neo-Confucianism was taken as an ideological background, and consequently, Buddhism was ostracized by the ruling class who advocated the exclusion of heretical views. This also characterized King Gwanghaegun's reign during the Mid-Joseon Dynasty. In reality though, the ruling class held mixed opinions about Buddhism, and this influenced the Buddhist community in the Gwanghaegun Period. The military might of Japan demonstrated during the Japanese Invasion of Korea in 1592, led the ruling class to recognize Buddhism, and as a result, the status of Buddhism rose to a certain extent. Based on its elevated status and the aftermath of the Japanese Invasion of Korea, the Buddhist community engaged in social welfare activities inspired by the notion of requiting favors, and the Buddhist community gained recognition for providing relief services. As a result, the number of monks increased, and the economic situation improved as land ownership was granted to temples and monks. This is the means by which the Japanese Invasion of Korea influenced the Buddhist policies of the Gwanghaegun Period and changed the religious topography of Buddhism. During the reign of King Gwanghaegun, the ruling class regarded Buddhism as heretical, but offered posthumous titles to monks who engaged in meritorious services during the Japanese invasions of 1592~1598. Favorable and/or preferential treatment was also granted to some Buddhist monks. In addition, monks began to perform labor projects that demanded organizational and physical strength, such as those which related to national defense and architecture. However, throughout the Gwanghaegun Period, the monks were paid a certain amount of compensation for their labor, and the monks' responsibility for labor increased. This can be understood as a partial reconciliation with Buddhism or an acceptance of Buddhism rather than the suppression of Buddhism often presented by historians. As for policies which affected Buddhism, the Buddhist community showed signs of cooperation with the ruling class, the creation and reconstruction of temples, and the production of Buddhist art. Through close ties with the ruling class, Buddhism during the Gwanghaegun Period saw the Buddhist community actively responded policies that impacted Buddhism, and this allowed their religious orders to be maintained. In this way, it was also confirmed that the monk, Buhyu Seonsu (浮休 善修) and his disciple Byeogam Gakseong (碧巖 覺性), took up leadership roles in their Buddhist community. The Buddhist-aimed policies of Gwanghaegun were implemented against the backdrop of the Buddhist community, wherein the ruling class held mixed opinions regarding Buddhism. As such, both improvements and set backs for Buddhism could be observed during that time period. The ruling class actively utilized the organizational power of Buddhism for national defense and civil engineering after the Japanese invasions of 1592~1598. Out of gratitude, they implemented appropriate compensation for the Buddhists involved. The Buddhist community also responded to policies that affected them through exchanges with the ruling class. They succeeded in securing funds and support to repair and produce Buddhist temples and artworks. A thoughtful inspection of the policies towards and responses to Buddhism during the Gwanghaegun Period, shows that Buddhism actually enjoyed considerable organizational power and influence. This flies in the face of the general description of Joseon Buddhism as "Sungyueokbul (revering Confucianism and supressing Buddhism)."

Analysis on Recent Changes in the Covered Interest Rate Parity Condition (글로벌 금융위기 전후 무위험 이자율 평형조건의 동태성 변화 분석)

  • Kim, Jung Sung;Kang, Kyu Ho
    • KDI Journal of Economic Policy
    • /
    • v.36 no.2
    • /
    • pp.103-136
    • /
    • 2014
  • The covered interest rate parity condition (CIRP) has been widely used in open macroeconomic analysis, risk management, exchange rate forecasts, and so forth. Due to the recent global financial crises, there have been remarkable changes in the financial markets of the emerging markets. These changes possibly influenced the dynamics of the covered interest rate parity condition. In this paper, we investigate whether the CIRP dynamics has changed, and what is the nature of the regime changes. To do this, we propose and estimate multiple-state Markov regime switching models using a Bayesian MCMC method. Our estimation results indicate that the default risk or the deviation from the CIRP has been decreased after the crisis. It seems to be associated with the more active interaction between the short-term bond market and the short-term foreign exchange market than before. The tightened relation of these two financial markets is caused by the arbitrage transaction of foreign investors.

  • PDF

A Study on the Power Supply and Demand Policy to Minimize Social Cost in Competitive Market (경쟁시장 하에서 사회적 비용을 고려한 전력수급정책 방향에 관한 연구)

  • Kwon, Byung-Hun;Song, Byung Gun;Kang, Seung-Jin
    • Environmental and Resource Economics Review
    • /
    • v.14 no.4
    • /
    • pp.817-838
    • /
    • 2005
  • In this paper, the resource adequacy as well as the optimum fuel mix is obtained by the following procedures. First, the regulation body, the government agency, determine the reliability index as well as the optimum portfolio of the fuel mix during the planning horizon. Here, the resources with the characteristics of public goods such as demand-side management, renewable resources are assigned in advance. Also, the optimum portfolio is determined by reflecting the economics, environmental characteristics, public acceptance, regional supply and demand, etc. Second, the government announces the required amount of each fuel-type new resources during the planning horizon and the market participants bid to the government based on their own estimated fixed cost. Here, the government announces the winners of the each auction by plant type and the guaranteed fixed cost is determined by the marginal auction price by plant type. Third, the energy market is run and the surplus of each plant except their cost (guaranteed fixed cost and operating cost) is withdrew by the regulatory body. Here, to induce the generators to reduce their operating cost some incentives for each generator is given based on their performance. The performance is determined by the mechanism of the performance-based regulation (PBR). Here the free-riding performance should be subtracted to guarantee the transparent competition. Although the suggested mechanism looks like very regulated one, it provides two mechanism of the competition. That is, one is in the resource construction auction and the other is in the energy spot market. Also the advantages of the proposed method are it guarantee the proper resource adequacy as well as the desired fuel mix. However, this mechanism should be sustained during the transient period of the deregulation only. Therefore, generation resource planning procedure and market mechanisms are suggested to minimize possible stranded costs.

  • PDF

Shipping Industry Support Plan based on Research of Factors Affecting on the Freight Rate of Bulk Carriers by Sizes (부정기선 운임변동성 영향 요인 분석에 따른 우리나라 해운정책 지원 방안)

  • Cheon, Min-Soo;Mun, Ae-ri;Kim, Seog-Soo
    • Journal of Korea Port Economic Association
    • /
    • v.36 no.4
    • /
    • pp.17-30
    • /
    • 2020
  • In the shipping industry, it is essential to engage in the preemptive prediction of freight rate volatility through market monitoring. Considering that freight rates have already started to fall, the loss of shipping companies will soon be uncontrollable. Therefore, in this study, factors affecting the freight rates of bulk carriers, which have relatively large freight rate volatility as compared to container freight rates, were quantified and analyzed. In doing so, we intended to contribute to future shipping market monitoring. We performed an analysis using a vector error correction model and estimated the influence of six independent variables on the charter rates of bulk carriers by Handy Size, Supramax, Panamax, and Cape Size. The six independent variables included the bulk carrier fleet volume, iron ore traffic volume, ribo interest rate, bunker oil price, and Euro-Dollar exchange rate. The dependent variables were handy size (32,000 DWT) spot charter rates, Supramax 6 T/C average charter rates, Pana Max (75,000 DWT) spot charter, and Cape Size (170,000 DWT) spot charter. The study examined charter rates by size of bulk carriers, which was different from studies on existing specific types of ships or fares in oil tankers and chemical carriers other than bulk carriers. Findings revealed that influencing factors differed for each ship size. The Libo interest rate had a significant effect on all four ship types, and the iron ore traffic volume had a significant effect on three ship types. The Ribo rate showed a negative (-) relationship with Handy Size, Supramax, Panamax, and Cape Size. Iron ore traffic influenced three types of linearity, except for Panamax. The size of shipping companies differed depending on their characteristics. These findings are expected to contribute to the establishment of a management strategy for shipping companies by analyzing the factors influencing changes in the freight rates of charterers, which have a profound effect on the management performance of shipping companies.

패널자료(資料)를 이용한 자본구조(資本構造) 결정요인(決定要因)의 추정(推定)

  • Kim, Hae-Jin;Lee, Hae-Yeong
    • The Korean Journal of Financial Management
    • /
    • v.12 no.1
    • /
    • pp.33-56
    • /
    • 1995
  • 본(本) 연구(硏究)는 자본구조이론과 전통적 연구에서 제시된 변수를 통합하고 횡단면(橫斷面) 요인(要因)과 시계열(時系列) 요인(要因)을 결합하여 우리나라의 자본구조결정 요인을 식별할 수 있는 이론적(理論的) 모형(模型)을 제시하여, 또한 제시된 모형을 한국증권시장(韓國證券市場)의 자료(資料)를 이용하여 실증적(實證的)으로 분석(分析)하였다. 그리고 실증적 분석에는 횡단면(橫斷面) 자료(資料)와 시계열(時系列) 자료(資料)를 결합하는 패널자료추정법(資料推定法)을 사용하였다. 본(本) 연구(硏究)에서 제시된 자본구조이론(資本構造理論)과 관련된 결정 요인으로는 기업(企業)의 성장기(成長機)을, 내부주주(內部株主)의 지분율(持分率) 그리고 내부주주수(內部株主數)의 비율 등을, 전통적 횡단면 요인으로는 경영위험(經營危險), 자산구성(資産構成), 수익성(收益性), 기업규모(企業規模) 등을, 그리고 전통적 시계열 요인으로는 법인세율(法人稅率)과 물가수준(物價水準) 등을 제시하였다. 본(本) 연구(硏究)에서 다루는 실증분석기간은 1981년 1월부터 1990년 12월까지의 10년간이었으며, 추출된 표본기업(標本企業)의 수(數)는 104개사이다. 실증적 분석결과, 본(本) 연구(硏究)에서 제시된 설명변수들이 자본구조(資本構造)의 변동(變動)을 49.91%정도 설명하고 있으며 설명변수 중 기업(企業)의 성장기회(成長機會), 내부주주(內部株主)의 지분을, 경영위험(經營危險), 수익성(收益性), 기업규모(企業規模), 물가수준(物價水準) 등은 자본구조의 결정 요인으로 통계적인 의미를 갖는 변수로 밝혀졌으며 회귀계수(回歸係數)의 부호도 기대하였던 바와 일치하고 있다. 질산으로 처리된 것이 컸고 0.75 M과 1.0 M의 질산을 사용했을 때는 작음이 확인되었다. 이상의 실험결과들로부터 친수성인 $NH_4Y$형 제올라이트를 소수성의 것으로 변환시키기 위한 수증기의 온도는 $500^{\circ}C$$600^{\circ}C$가, 그리고 질산의 농도는 0.5 M이 적합한 것으로 결론지을 수 있고, 이와 같은 결론은 BET비표면적과 TPV값과 같은 경향을 보인 벤젠과 톨루엔의 흡착용량측정결과로 입증되었다. 탈알루미늄된 제올라이트들의 수분에 대한 Si/Al비와 흡착용량은 각각 높은 농도의 질산으로 처리된 것일수록 증가하고 감소하여 소수성이 증가함을 나타내었다.(不適合性)이 나타났다. 본 연구는 기존의 기대수익률(期待收益率) 위주의 요일효과(曜日效果) 분석에서 주식수익률(株式收益率)의 분산(分散) 즉, 변동성(變動性)에 촛점을 두어 분석하였으며, 이는 투자자의 정확한 위험측정(危險測定)수단의 제공이라는 면에서 의의(意義)가 있을 것으로 생각된다.據金) 운용(運用)에 관한 정책수립시(政策樹立時) 금융선진국(金融先進國)의 증거금(證據金) 정책운용(政策運用)을 통한 시장관리(市場管理) 경험(經驗)을 어느 정도 참고할 수 있음을 시사한다고 할 것이다. 한다. 실증분석결과는 본문의 <표 1>에 제시되어 있으며 그 내용을 간략하게 요약하면 다음과 같다. (A) 실증분석모형 : 본 연구에서는 다기간 자산가격결정모형중에서 대표적인 Lucas (1978)모형을 직접 사용한다. $$1={\beta}\;E_t[\frac{U'(C_{t+1})\;P_t\;s_{t+1}}{U'(C_t)

  • PDF

The Economic Impact of Contaminated and Noxious Sites : A Meta Analysis (오염-유해시설의 경제적 영향 : 메타분석)

  • Won, Doo Hwan
    • Environmental and Resource Economics Review
    • /
    • v.17 no.1
    • /
    • pp.165-196
    • /
    • 2008
  • This paper reports a quantitative meta analysis of the economic impacts of localized noxious and contaminated sites. Using either hedonic property value or stated preference methods, economists have studied the effects of contamination or noxious activities, or the benefits realized from their elimination, on real estate prices at more than 40 sites. In support of wise public and private investments in environmental quality, most of these studies aim to inform decision makers about the benefits of remediation and cleanup. Their results vary considerably, but there has been no previous systematic effort to analyze the differences and identify shared insights. This study uses established methods of meta analysis to identify points of agreement and differences in this body of literature. The studies are characterized by the type of site, modeling approach, geographic extent of impacts, data features, and other key factors that underlie their value estimates. The impact estimates are normalized as proportional effects on property values. This study attempts to discover whether the estimated economic impacts of contamination or noxious activity differ according to these characteristics of the studies, and whether anything general can be said about the economic consequences of site contamination and remediation. Bivariate, multivariate, and logit techniques are applied to the data. The results suggest that the property value is the most sensitive to water base contamination, published case studies result in systematically greater environmental value than those in unpublished reports, and real estate markets show responses to environmental condition changes.

  • PDF

Status, problems and improvement plan of water resources analysis in Jeju Island (제주도 수자원분석의 현황, 문제점 및 개선방안)

  • Shin, Mun-Ju;Moon, Soo-Hyoung;Moon, Duk Chul
    • Proceedings of the Korea Water Resources Association Conference
    • /
    • 2019.05a
    • /
    • pp.362-362
    • /
    • 2019
  • 제주도는 화산섬의 지질특성상 지표수의 개발이용여건이 취약한 관계로 용수의 대부분을 지하수에 의존하고 있다. 따라서 제주도는 정책 및 연구적으로 오랜 기간 동안 지하수의 보전관리에 많은 노력을 기울여 오고 있다. 하지만 최근 기후변화로 인한 지하수위의 하강 및 해수면 상승으로 인한 해수침투의 문제가 꾸준히 제기되고 있으며, 제주도 일부지역에서는 축산폐수 등으로 인해 지하수의 수질오염문제가 발생하고 있다. 따라서 제주도 지하수의 수량 및 수질에 대한 체계적인 관리의 필요성이 증대되고 있다. 지하수에 절대적으로 의존하고 있는 제주도의 수자원의 개발 및 이용 여건을 고려할 때, 지하수의 수량 및 수질에 대한 학술적 토대가 확고히 구축되어야 할 뿐만 아니라 기후변화에 대응한 최적 물관리기법의 개발이 필요한 실정이다. 하지만 제주도의 수자원에 대한 기존의 연구들은 제주도 전역에 대해 최신의 분석방법을 사용한 종합적인 연구가 아닌 일부지역을 대상으로 한 지하지질분석, 지구물리탐사 및 대수성시험 위주의 단편적 분석, 개념적 수문모델의 적용에 의한 대략적인 분석, 또는 일부지역을 대상으로 한 지하수 흐름분석 및 해수침투 분석 위주로 수행되었다. 이러한 기존의 연구들은 여러 가지 문제점을 내포하고 있는데 첫째, 일부지역의 지하지질이 제주도의 복잡한 지하지질특성을 대표할 수 없다는 점과 둘째, 개념적 수문모델은 제주도와 같이 강우의 큰 시공간적 변동성을 고려할 수 없으며 지하지질 특성의 공간적 변동성 또한 적절히 반영할 수 없다는 점 및 셋째, 지하수의 이동은 유역경계와 일치하지 않으므로 독립된 소유역을 대상으로 산정한 지하수 부존량은 소유역내 실제 지하수 부존량과 다를 수 있다는 점 그리고 마지막으로 개별적으로 수행된 지표수, 지하수 및 수질 분석들은 서로 연결성이 없어 이들 간의 상호작용을 고려하지 않아 그 결과의 신뢰성이 떨어진다는 점 등이다. 이러한 제주도에 대한 기존 연구들의 한계점을 극복하기 위해서는 제주도 전역에 대한 종합적인 연구가 필요하다. 이를 위한 방안으로서 제주도 전체를 대상으로 한 최신의 분포형 수문모델의 구축이 필요하며 이 수문모델은 지표수 및 지하수의 상호작용과 해수침투 및 수질 또한 모의할 수 있어야 할 것이다. 그리고 이 개발된 모형과 기후변화 시나리오를 사용하여 미래 수자원변화에 대한 대응이 필요하다. 이에 대한 해외연구사례로서 미국지질조사국이 하와이 섬들 및 괌 등에 대해 수행했던 연구들을 참고할 수 있다. 제주도 전체에 대한 신뢰할만한 종합적인 분석결과는 제주도 수자원의 정책수립에 기초로 활용할 수 있을 것이다.

  • PDF