• Title/Summary/Keyword: Crisis Issue

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An Empirical Study of the Impact of China's Export Tax Rebates on RMB Appreciation

  • Ma, Degong;Cho, Hyun-Jun
    • East Asian Economic Review
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    • v.16 no.3
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    • pp.273-290
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    • 2012
  • While the issue of RMB (Renminbi, Chinese Yuan) revaluation became the focus of world attention in 2003, the reform of the RMB exchange rate regime in 2005 didn't fundamentally solve the RMB appreciation problem, and even in 2008 the global financial crisis made RMB appreciation face new challenges and risks. It appears that the rise in RMB value is caused by supply exceeding demand in China's foreign exchange market; however, intrinsically it is due to the asymmetry in RMB exchange rate formation mechanism. The export tax rebates policy implemented by Chinese government is one of the leading causes of the asymmetry. This study constructs a transmission model between export tax rebates and foreign exchange rates, and applies the Granger Test to validate the causality between kernel variables based on correlative data from 1994-2011, and uses the error correction method to analyze the quantified relations of kernel variables, and finally gets the contribution rate of export tax rebates to RMB appreciation.

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Progresses in membrane and advanced oxidation processes for water treatment

  • Khulbe, K.C.;Feng, C.Y.;Matsuura, T.;Ismail, A.F.
    • Membrane and Water Treatment
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    • v.3 no.3
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    • pp.181-200
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    • 2012
  • At present water crisis is not an issue of scarcity, but of access. There is a growing recognition of the need for increased access to clean water (drinkable, agricultural, industrial use). An encouraging number of innovative technologies, systems, components, processes are emerging for water-treatment, including new filtration and disinfectant technologies, and removal of organics from water. In the past decade many methods have been developed. The most important membrane-based water technologies include reverse osmosis (RO), ultrafiltration (UF), microfiltration (MF), and nanofiltration. Beside membrane based water-treatment processes, other techniques such as advanced oxidation process (AOP) have also been developed. Some unconventional water treatment technology such as magnetic treatment is also being developed.

Study on the Smart Charging for Plug-in Hybrid Electric Vehicle (플러그인 하이브리드 전기자동차의 스마트 충전에 관한 연구)

  • Roh, Chul-Woo;Kim, Min-Soo
    • 한국신재생에너지학회:학술대회논문집
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    • 2008.10a
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    • pp.349-352
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    • 2008
  • The most concerning issue in these days is the energy crisis by increasing threat of global warming and depletion of natural resources. In the situations, the Plug-in Hybrid Electric Vehicle (PHEV) is drawing attention from many countries for the next generation's car which has higher fuel efficiency and lower environmental impact. This paper presents simulation results about the limit capacity of central power-grid which doesn't have enough surplus electric power for charging PHEVs. Therefore, this paper also presents a smart charging system that can charge the PHEVs with a function of distributing demands of charging. The smart charging system is an agent facility between the government and consumer, which can recommend the best time to charge the battery of PHEVs by the lowest energy cost. This function of choosing time-slots is the technical system for the government which wants to control the consumption rate of electric power for PHEVs. Finally, this paper presents the economic feasibility of PHEVs from the two kinds of price system, midnight electric price and home electric price.

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A Study on the application of unemployment insurance of flextime system worker (플렉스 타임제(Flextime system) 근로자의 고용보험적용에 관한 연구)

  • Yim Woong-Seok;Kim Hyoung-Joon
    • Journal of the Korea Safety Management & Science
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    • v.8 no.1
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    • pp.165-179
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    • 2006
  • Flextime system labor problem appeared by social issue going through a late 97s economic crisis. The most important thing among gravity is that act for factor who do to magnify gulf between rich and poor because do so that may polarize labor market at central part and neighborhood and makes preservation of society integration hardly social economy enemy of flextime system worker's spread. Furthermore, new economy surrounding has attribute that deepen uncertainty social bipolarization according as order by 21th century information-oriented society, globalization, knowledge base economy. Therefore, role of the country that control spread of flextime system in fixed level is more important first of all and application of employment insurance may do that have important meaning and social deliquescence.

Impact Assessment of Plug-in Hybrid Electric Vehicles on Electric Utilities (플러그인 하이브리드 자동차의 시장 형성 시의 전력망에의 영향 분석)

  • Roh, Chul-Woo;Kim, Min-Soo
    • Proceedings of the KSME Conference
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    • 2008.11b
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    • pp.2001-2006
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    • 2008
  • The most concerning issue of these days is the energy crisis by increasing threat of dependency on foreign oil and its volatility itself. In the situations, the PHEV is drawing attention for the next generation's car which could give a chance to decrease the dependency on foreign oil. As well as, the Korean electric power infrastructure is a strategic national asset that is under utilized most of the time. With the proper changes in the operational paradigm, it could generate and deliver necessary energy to charge the PHEVs which could penetrate the market within few years. In doing so, it would reduce greenhouse gas emissions, improve the economics of the electricity industry, and reduce the energy dependency. This paper investigate the technical potential and impacts of using the existing idle capacity of the electric infrastructure in conjunction with the emerging PHEVs technology to meet the majority of daily energy needs of the Korean LDV fleet.

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고용보호규제 완화의 노동시장 성과에 대한 효과

  • Choe, Gyeong-Su
    • KDI Journal of Economic Policy
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    • v.24 no.1
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    • pp.45-112
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    • 2002
  • Enhancing labor market flexibility is currently posted as one of the major economic policy objectives in Korea. However, the labor market effects of specific policies to achieve it have not been sufficiently investigated. This paper takes up the issue of employment protection deregulation and surveys and empirically analyzes its policy effects. Academic researches generally confirm that deregulation tends to promote labor turnover and employment of the disadvantaged groups such as the youth and female by raising the overall efficiency of the economy, but its effects on unemployment is not clear. In the Korean labor market, both job creation and destruction, and labor mobility have increased after the economic crisis of 1998, but they can not be seen as deregulation effects as the changes are confined to the temporary and daily employment whose labor markets are least regulated whereas the regular employment market remains virtally unchanged. Such results suggest that labor market deregulation need to be pursued consistently as a policy goal since the labor demand condition shift and the need for expanding regular employment necessitates it, for which detailed policy agenda for removing market inefficiencies should be carefully arranged.

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Study On Masked Face Detection And Recognition using transfer learning

  • Kwak, NaeJoung;Kim, DongJu
    • International Journal of Advanced Culture Technology
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    • v.10 no.1
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    • pp.294-301
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    • 2022
  • COVID-19 is a crisis with numerous casualties. The World Health Organization (WHO) has declared the use of masks as an essential safety measure during the COVID-19 pandemic. Therefore, whether or not to wear a mask is an important issue when entering and exiting public places and institutions. However, this makes face recognition a very difficult task because certain parts of the face are hidden. As a result, face identification and identity verification in the access system became difficult. In this paper, we propose a system that can detect masked face using transfer learning of Yolov5s and recognize the user using transfer learning of Facenet. Transfer learning preforms by changing the learning rate, epoch, and batch size, their results are evaluated, and the best model is selected as representative model. It has been confirmed that the proposed model is good at detecting masked face and masked face recognition.

The effect of economic crisis on success attribution among Korean students and adults: An indigenous psychological analysis (IMF시대 이후 한국 학생과 성인의 성공에 대한 의식: 토착심리학적 분석)

  • Young-Shin Park;Uichol Kim;Soo-Yeon Tak
    • Korean Journal of Culture and Social Issue
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    • v.8 no.1
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    • pp.103-139
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    • 2002
  • Korean society has significantly changed with the onset of a dramatic economic crisis in 1998. From 2000, however, the Korean economy has recovered and currently Korea is enjoying a similar standard of living and economic growth as the pre-1998 levels. This study is a follow-up analysis, comparing the results examining the success attribution of Korean students and adults in 2001 with the results obtained before the economic crisis in 1997. Using the indigenous psychological approach, this study compares the similarities and differences in Korean students and adults' attribution of their personal success before and after the economic crisis. A total of 988 participants, consisting of 481 primary, junior high, senior high and university students and 507 adults (236 fathers and 271 mothers of the students) completed the questionnaire developed by Kim and Park (1998). The results indicate that students perceived their academic achievement and adults perceived successful family life as their most proud achievement. Successful family life included items such as academic success of children, healthy development of their children, and harmonious family life. The person who provided the most significant support for students were parents and for adults, it was their spouse. For students, the importance of friends' social support increased during the high school years. In terms of type of social support, emotional support was reported to be the most important for both students and adults. As for the reason for their success, majority of students and men reported self-regulation and for women, supportive family environment was reported as being the most important. Comparing 2001 results with the 1997 results, the importance of family increased after the economic crisis. Even with the dramatic economic crisis, however, some of the underlying pattern remain strong (such as importance of academic achievement for students, family life for adults, the importance of social support, especially emotional social support from family members, and believing that self-regulation would lead to success). The similar pattern of results obtain before and after the economic crisis indicate that the above results reflect a fundamental values and belief system deeply imbedded in Korean mentality.

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Volatility Forecasting of Korea Composite Stock Price Index with MRS-GARCH Model (국면전환 GARCH 모형을 이용한 코스피 변동성 분석)

  • Huh, Jinyoung;Seong, Byeongchan
    • The Korean Journal of Applied Statistics
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    • v.28 no.3
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    • pp.429-442
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    • 2015
  • Volatility forecasting in financial markets is an important issue because it is directly related to the profit of return. The volatility is generally modeled as time-varying conditional heteroskedasticity. A generalized autoregressive conditional heteroskedastic (GARCH) model is often used for modeling; however, it is not suitable to reflect structural changes (such as a financial crisis or debt crisis) into the volatility. As a remedy, we introduce the Markov regime switching GARCH (MRS-GARCH) model. For the empirical example, we analyze and forecast the volatility of the daily Korea Composite Stock Price Index (KOSPI) data from January 4, 2000 to October 30, 2014. The result shows that the regime of low volatility persists with a leverage effect. We also observe that the performance of MRS-GARCH is superior to other GARCH models for in-sample fitting; in addition, it is also superior to other models for long-term forecasting in out-of-sample fitting. The MRS-GARCH model can be a good alternative to GARCH-type models because it can reflect financial market structural changes into modeling and volatility forecasting.

The Present and the Future Issues in Korean Feminist Theatre (한국의 페미니즘 연극, 그 현황과 과제)

  • 최영주
    • Lingua Humanitatis
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    • v.6
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    • pp.359-380
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    • 2004
  • Considering Korean feminist theatre is not successful at all these days, it is needed to find the reasons of its crisis. As two Korean feminist theatre Scholars argued, the crisis owed to the structural problem from the start. That is the Korean feminist theatre started and developed depending on the imported popular feminist plays without social and cultural self-consciousness. Once the imported feminist theatres were flourished, some theatre companies pursued the commercial success blurring the feminist issues. It was resulted into the intentional ignorance in and out of the theatre society. While, some feminist plays were too inclined to the agit-prop without artistic sophistication. This essay tries to examine how the feminist theatres have been developing and what kinds of feminist performances have been made until now. And it intends to emphasize that the play text should be based on the Korean women's past, present, and future reality. Besides, they have to delve into the problem by which the Korean women were trapped in historical, social, and cultural environment. To make the women's matter the social issue at present and fur the future, the Korean feminist theatre should re-find its place as the socio-cultural forum. First, Korean theatre should cooperate with the other women's group crossing the different disciplines of the society, the culture, the politics etc . Secondly, we need to observe and watch where and how the distortion happens in women's matter, and react to correct it. Thirdly, we need to discover, to support, and to protect the women centered perspective of some playwrights as well as the performers. Co-writing or co-performing is also very positive to diversify the women's subjects. Lastly, to protect the feminist theatre against the consumerism, they need to have the financial support from the government or some civil society.

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