• Transactions of the Korean Society of Mechanical Engineers A
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• v.36 no.3
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• pp.331-337
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• 2012

In this study, the front side member is optimized using a topography optimization technique. Optimization of a simple beam is conducted before optimization of the front side member. The objective function is set to minimize the first buckling factor in the longitudinal direction. The design variable corresponds to the perturbation of nodes normal to the shell's mid-plane space. The crash analysis is conducted on a simple beam, which is optimized by Response Surface Method and the topography optimization technique. In order to verify the topography optimization technique, the results of the RSM and topography optimization model are compared. Consequently, we confirm the satisfactory performance of the topography optimization technique, and apply this topography optimization to the front side member. Thus, the front side member is optimized and its crashworthiness is increased.

• The Korean Journal of Financial Management
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• v.20 no.1
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• pp.125-162
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• 2003

This paper investigates the short- and long- run relationship among Korean, U.S. and Japanese construction indices. We conducted the Johansen's cointegration tests on the hypotheses that the construction indices of three countries we related in the long-run as well as in the short-run. The test results show that there exists no long-run relationship among three countrie's construction indices. In addition, the cointegrating relation did not exist for three countrie's stock market indices and five major Korean construction firms. It fumed out that the U.S. indices Granger-causes Japanese and Korean indices. This finding implies that there may exist international diversification benefit through forming a portfolio from these indices.

• KDI Journal of Economic Policy
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• v.36 no.3
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• pp.1-23
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• 2014

This paper has studied the monetary policy in Korea with a time varying VAR model using four key macroeconomic variables. First, inclusion of the exchange rate was a crucial factor in evaluating Korean monetary policy since the monetary policy demonstrated sensitivity to exchange rate movements during the crisis periods of both the Asian financial crisis of 1997 and the global financial crisis of 2008. Second, a specification of the stochastic volatilities in TVP-VAR model is important in explaining excessive movements of all variables in the sample. The overall moderation of variables in 2000s was more or less due to a reduction of the stochastic volatilities but also somewhat due to the macroeconomic fundamental structures captured by impulse response functons. Third, the degree of the monetary policy effectiveness of inflation was mitigated in recent periods but with increased persistence. Lastly, the monetary policy stance towards inflation stabilization has advanced ever since the inflation targeting scheme was adopted. However, there still seems to be a room for improvement in this aspect since the degree of the monetary policy stance towards inflation stabilization was relatively weaker than to output stabilization.

• The Korean Journal of Applied Statistics
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• v.35 no.2
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• pp.189-201
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• 2022

In this study, we propose factor augmentation to improve forecasting power of cryptocurrency return. We consider financial and economic variables as well as psychological aspect for possible factors. To be more specific, financial and economic factors are obtained by applying principal factor analysis. Psychological factor is summarized by news sentiment analysis. We also visualize such factors through impulse response analysis. In the modeling perspective, we consider ARIMAX as the classical model, and random forest and deep learning to accommodate nonlinear features. As a result, we show that factor augmentation reduces prediction error and the GRU performed the best amongst all models considered.

• Korea Trade Review
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• v.42 no.4
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• pp.49-68
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• 2017

This paper investigates the spillover effect of the U.S. Interest on Korea's interest rate as well as the role of exchange rate in the spillover effects, by utilizing a open macro model on the determinants of long-term interest rates. According to the cointegration estimation and the Impulse response function, it is found that, across both long-term and short-term, there exist the spillover effect of the U.S. Interest on Korea's interest rate. The fiscal deficit and expected exchange rate have significantly positive relationship with the Koreas's long-term interest rate. Further, foreign exchange market intervention in Korea did not have significant effect on the spillover effect. Thus, this study suggests that exchange rate flexibility would not be enough to restrain the spillover effects of the U.S. interest rate.

• International Area Studies Review
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• v.15 no.1
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• pp.107-133
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• 2011

This paper aims to analyze the causal relationships between agricultural exports and economic growth in the U.S. economy by 50 states. Using the annual data from 1973 to 2007, the theoretical methodologies based on the export-led growth (ELG) model under the static model, the impulse response function (IRF) and forecast error variation decomposition (FEVD) under the vector autoregressive (VAR) model, and the Granger causality test. The results show the causal relationship between agricultural exports and economic growth at the states' level. Especially, the ELG hypothesis is strongly supported in the case of 16 states (HI, ID, KS, MD, MI, MN, NJ, NC, ND, OK, OR, RI, SD, TX, WA, and WI) and is also weakly supported in the case of 31 states. Therefore, the agricultural exports are important factor of developing in the U.S. economy, and furthermore some states (located in coastal area and breadbasket) indicate the strong evidence for agricultural exports-led growth.

• Journal of Navigation and Port Research
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• v.42 no.6
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• pp.546-554
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• 2018

The Bulk market, unlike the line market, is characterized by stiff competition where certain ship or freight owners have no influence on freight rates. However, freights are subject to macroeconomic variables and economic external shock which should be considered in determining management or chartering decisions. According to the results analyzed by use of ARIMA Inventiom model, the impact of the financial crisis was found to have a very strong bearing on the BDI index. First, according to the results of the VEC model, the libor rate affects the BDI index negatively (-) while exchange rate affects the BDI index by positively (+). Secondly, according to the results of the VEC model's J ohanson test, the order ship volume affects the BDI index by negatively (-) while China's economic growth rate affects the BDI index by positively (+). This shows that the shipping company has moved away from the simple carrier and responded appropriately to changes in macroeconomic variables (economic fluctuations, interest rates and exchange rates). It is believed that the shipping companies should be more aggressive in its "trading" management strategy in order to prevent any unfortunate situation such as the Hanjin Shipping incident.

• Economic Analysis
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• v.26 no.2
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• pp.72-113
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• 2020

This study investigates the relationship between mineral exports to China, North Korea's most important source of foreign currency acquisition, and its imports of various items from China from the first quarter of 1995 through to the third quarter of 2019. The results from a cointegration analysis suggest that there exists a long-run equilibrium relationship between mineral exports and imports of food, fuel, and some intermediate goods, such as industrial supplies, parts, and accessories. The results from a vector autoregression using first-differenced variables indicate that the short-run relationship between mineral exports and imports is different between the period before and after the third quarter of 2010. Prior to structural changes, i.e., before the third quarter of 2010, import shocks affected mineral exports. However, after the third quarter of 2010, an increase in mineral exports led to an increase in the import of vehicles, intermediate goods, and luxury goods. This paper shows both the possibilities and the limits that mineral exports can contribute to North Korea's economic growth. The results, which show that mineral exports have a long-run relationship with intermediate goods, such as industrial supplies, parts and accessories, imply that mineral exports to China could have a positive effect on the North Korean economy. However, the fact that mineral exports do not have any significant effect on the import of machinery and equipment, which helps the accumulation of capital formation, shows that mineral exports have a limited effect on inducing long-term growth in the North Korean economy.

• Nuclear Engineering and Technology
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• v.24 no.1
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• pp.63-74
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• 1992

The resonant formation rates of muonic molecular ion dtr in the muon-catalyzed fusion are calculated in various fuel temperatures and densities. The elastic scattering cross sections between t$\mu$ and deuterons are obtained by making use of the partial wave method. The transition property of the excited compound molecule [(dt$\mu$)dee]＊ derived by the impulse approximation in the form of a bound-state form factor. The radiative, Auger, and collisional deexcitations are considered as the deexcitation mechanisms of the excited dt$\mu$, and each deexcitation width is calculated as well as back decay width. The resultant reaction widths are used to calculate the formation cross sections of resonant dt$\mu$. The resonant formation rates for dt$\mu$-d and dt$\mu$-t collisions are computed as functions of fuel temperature and density. The calculations show that the resonant formation rates increase with fuel densities and have the maximum values at the particular temperatures where the relative collision energies are equal to the resonant ones.

• Geophysics and Geophysical Exploration
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• v.27 no.2
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• pp.144-153
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• 2024

Recent research is increasingly focused on utilizing seismic waves for structure health monitoring (SHM). Specifically, seismic interferometry, a technique applied in geophysical surveys using ambient noise, is widely applied in SHM. This method involves analyzing the response of buildings to propagating seismic waves. This enables the estimation of changes in structural stiffness and the evaluation of the location and presence of damage. Analysis of seismic interferometry applied to SHM, along with case studies, indicates its highly effective application for assessing structural stability and monitoring building conditions. Seismic interferometry is thus recognized as an efficient approach for evaluating building integrity and damage detection in SHM and monitoring applications.