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A Study on the Purchasing Power Parity Hypothesis: Evidence from China (구매력평가 가설에 대한 연구: 중국을 대상으로)

  • Zhang, Xueqin;He, Yugang
    • The Journal of Industrial Distribution & Business
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    • v.10 no.2
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    • pp.65-75
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    • 2019
  • Purpose - Along with Chinese exchange rate's reform advancement, the issue of exchange rate of RMB has increasingly become the heated focus in the world. In July 2005, China carried out the reform of the exchange rate system, and this behavior has aroused the attention of the world. However, the dispute on whether the theory of purchasing power parity holds or not in China still exists. As such, this paper will attempt to explore whether the purchasing power parity is significant in China. Research design, data, and methodology - The monthly data from July 2005 to December 2017 will be employed to analyze the nominal exchange rate of RMB against the US dollar and the nominal exchange rate of RMB against the euro. Based on these datum, an empirical analysis will be conducted under the unit root test and the cointegration test to exploit the significance of purchasing power parity in China. Results - The findings of this paper reveal that an increase in China's consumer price index will lead to an increase in the RMB exchange rate, which will lead to the depreciation of RMB. Concomitantly, an increase in the consumer price index in the US and Europe will result in a decrease in the RMB exchange rate, which will lead to an appreciation of RMB. In general, in terms of the US, if US consumer price index increases by 1%, China's nominal exchange rate against US dollar will decrease by 0.905%; if China's consumer price index increases by 1%, China's nominal exchange rate against US dollar will increase by 0.648%. In terms of Europe, if Europe consumer price index increases by 1%, China's nominal exchange rate against euro will decrease by 0.277%; If China's consumer price index increases by 1%, China's nominal exchange rate against euro will increase by 0.235%. Conclusions - Generally speaking, the empirical evidences this paper provided show that the purchasing power parity theory has a certain explanatory ability for the decision of RMB exchange rate. As such, the purchasing power parity cannot hold completely, and China's government should continue to deepen the reform of the exchange rate system to improve China's exchange rate market.

Assessment of the fit of zirconia-based prostheses fabricated with two different scan methods (서로 다른 두 가지 스캔법을 이용하여 제작된 지르코니아 보철물의 적합도에 대한 비교)

  • Choi, Hyun-Suk;Cho, Jin-Hyun
    • The Journal of Korean Academy of Prosthodontics
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    • v.55 no.2
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    • pp.135-143
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    • 2017
  • Purpose: This research was conducted to compare the marginal and internal fit of zirconia prostheses fabricated with the model scan method and the intraoral scan method. Materials and methods: In this study, 20 extracted human mandibular first molar was used in the preparation of abutment tooth for the fabrication of zirconia prostheses. In the first group, the model scan method was applied on 10 prepared teeth. In the other group, the intraoral scan method was used on other 10 prepared teeth. Datum of both groups were transmitted to the software system. Afterwards, 20 zirconia prostheses were fabricated using the Ceramill system. Weight technique was used to evaluate the internal gap of the zirconia prostheses. In the Replica technique, marginal gap of the zirconia prostheses were analyzed by optical microscopy. Statistical analysis was based on one-way ANOVA. Results: Model scan group showed lower average weight than intraoral scan group when weight technique was applied, which has significance (P < .05). Also, model scan group showed significantly lower figures in all 5 measurements of replica technique than intraoral scan group (P < .05). Conclusion: Zirconia prostheses of both groups demonstrated clinically acceptable margin and internal fit. However, model scanned zirconia prostheses showed higher marginal and internal fit than intraoral scanned crowns.

The Study of Coastal Change Detection Ortho Aerial Photo and Hydrographic Survey: Parcels Submerged (정사항공사진과 해양조사측량을 이용한 해안선변화 탐지에 관한 연구: 포락지 중심으로)

  • Choi Chul Eung;Kim Youn Soo;Suh Yong Cheol
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.17 no.2
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    • pp.61-69
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    • 2005
  • The coastal erosion and the look of a heap which are mainly occurred in the district along the coast are found for various forms such as the estuary closing, the estuary sand bar the development of the coast sand bar, and the modification of coastline. Recently, due to the coastal development, these transformations have been intensified. The change of coast, which has been made slow progress is required long-term study on a searching examination of the root cause and a suggestion of a counter measure. In this research, ortho aerial photos were produced to analyze volumes of topographical alternations that have been progressed fer the long run, by 10s cycle from 1940s through 1990s, to compute accurate volumes of coastline variation, through a datum point and G.C.P (Ground Control Point). Also in this study, without respect to water level, the coastline variation was analyzed by using comparatively analyzed a Idlest land map, a cadastral map. And to analyze topographical variation volumes, the tidal station's materials was used under consideration f3r tide. Finally, topographical variation volumes are comparatively analyzed through surveying and sounding and a point of fine of aviation photographing was calculated and revised. After this research, by using ortho aerial photos, We can understand efficiency of these in computing volumes of variations of coastline by analyzing quantitatively erosion and look of a heap. Besides, in the future, these will be used for information gathering of the coastline integration control system.

Research on LOS Estimation Standard in the Mixed Traffic Street (보차혼용도로에서의 LOS 평가기준 마련에 관한 연구)

  • Kim, Suk-Hui;Kim, Gwan-Jung;Choe, Gi-Ju
    • Journal of Korean Society of Transportation
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    • v.24 no.3 s.89
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    • pp.63-71
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    • 2006
  • There were many theories to suggest the indicators that evaluate stability and reflect the plan in mixed traffic street in all traffic modes This Paper analyzed residential street of Suwon City adopting time-space occupancy index among these indicates. Three survey street. congregated into apartment house. were selected to analyze this and pictured by video camera over one hour. and the length of these street were 76m, 55m, and 34m each, and major street by each region, comparably high in Pedestrians and pass vehicles, were selected. Basic datum to calculate time-space occupancy index and time-space occupancy index per person was gathered through video analysis. i.e Parameters for pedestrians, cars, bicycles, average speed of bicycles, and parking car. There are some limitation to analyze LOS of mixed traffic street in all traffic modes, not pedestrian mall. Therefore this paper presented evaluation standard of LOS. In conclusion. the aim of this paper is to suggest modeling based on guidelines for evaluating LOS of mixed traffic street in all traffic modes. It is estimated that this will be influencing indicates for improving pedestrian environment, and Planning mixed traffic street in future.

Evaluation of Setup Usefulness of CBCT using Rando Phantom (인체 팬텀(Rando Phantom)을 이용한 CBCT의 Setup 유용성 평가)

  • Jang, Eun-Sung
    • The Journal of the Korea Contents Association
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    • v.11 no.7
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    • pp.234-238
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    • 2011
  • This paper will evaluate the usefulness of 3D target of CBCT by comparing human body's posture and position when simulated treatment is being carried out as well as human phantom posture and position using CBCT which is applying OBI. From the Rando Phantom which is located in the datum point moved in parallel and rotationary direction using CBCT. Then the mean and standard deviation difference on images location difference that are acquired were compared with real the Rando Phantom' moved distance. To make a plan of simulated treatment with the same procedure of real radiation therapy, we are going to setup the Rando Phantom. With an assumption that the position is set in accurate place, we measured the setup errors accroding to the change of the translation and rotation. Tests are repeated 10 times to get the standard deviation of the error values. The variability in couch shift after positioning equivalent to average residual error showed lateral $0.2{\pm}0.2$mm, longitudinal $0.4{\pm}0.3$mm, vertical $-0.4{\pm}0.1$mm. The average rotation erroes target localization after simulated $0.4{\pm}0.2$ mm, $0.3{\pm}0.3$ mm, and $0.3{\pm}0.4$ mm. The detection error by rotation is $0{\sim}0.6^{\circ}$ CBCT 3D/3D matching using the Rando Phantom minimized the errors by realizing accurate matching during simulated treatment and patient caring.

Finite Element Modeling and Nonlinear Analysis of Lumbosacrum Including Partial Ilium and Iliolumbar Ligaments (부분 장골과 장요추 인대를 포함한 요추 천추골의 유한 요소 모델링 및 비선형 해석)

  • Ha, S.K.;Lim, J.W.
    • Journal of Biomedical Engineering Research
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    • v.28 no.3
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    • pp.397-409
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    • 2007
  • Owing to needs of biomechanical comprehension and analysis to obtain various medical treatment designs which are related with the spine in order to cure and diagnose LBP patients, the FE modeling and nonlinear analysis of lumbosacrum including a partial ilium and iliolumbar ligaments, were carried out. First, we investigated whether the geometrical configuration of vertebrae displayed by DICOM slice files is regular and normal condition. After constructing spinal vertebrae including a partial ilium, a sacrum and five lumbars (from L1 to L5)with anatomical shape reconstructed using softwares such as image modeler and CAD modeler, we added iliolumbar ligaments, lumbar ligaments, discs and facet joints, etc.. And also, we assigned material property and discretized the model using proper finite element types, thus it was completely modeled through the above procedure. For the verification of each segment, average sagittal ROM, average coronal ROM and average transversal ROM under various loading conditions(${\pm}10Nm$), average vertical displacement under compression(400N), ALL(Anterior Longitudinal Ligament) and PLL(Posterior Longitudinal Ligament) force at L12 level, strains of seven ligaments on sagittal plane at L45 level and maximal strain of disc fibers according to various loading conditions at L45 level, etc., they were compared with experimental results. For the verification of multilevel-lumbosacrum spine including partial ilium and iliolumbar ligaments, the cases with and without iliolumbar ligaments were compared with ROM of experiment. The results were obtained from analysis of the verified FE model as follows: I) Iliolumbar ligaments played a stabilizing role as mainly posterior iliolumbar ligaments under flexion and as both posterior and anterior iliolumbar ligaments of one side under lateral bending. 2) The iliolumbar ligaments decreased total ROM of 1-8% in total model according to various motion conditions, which changed facet contact forces of L5S level by approximately 0.8-1.4 times and disc forces of L5S level by approximately 0.8-1.5 times more than casewithout ilioligaments, under various loading conditions. 3) The force of lower discs such as L45 and L5S was bigger than upper discs under flexion, left and right bending and left and right twisting, except extension. 4) It was predicted that strains of posterior ligaments among iliolumbar ligaments would produce the maximum 16% under flexion and the maximum 10% under twisting. 5) It's expected that this present model applies to the development and design of artificial disc, since it was comparatively in agreement with the experimental datum.

Effects of Co-existence of Dichlorvos and Phosalone on the Bioconcentration in Zebrafish (Brachydanio rerio) (Dichlorvos와 Phosalone의 공존의 Zebrafish(Brachydanio rerio)의 생물농축성에 미치는 영향)

  • Min, Kyung-Jin;Park, Jang-Woo;Cha, Chun-Geun
    • Journal of Food Hygiene and Safety
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    • v.18 no.4
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    • pp.251-256
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    • 2003
  • This study performed to investigate the effect of co-existence of dichlorvos and phosalone on the bioconcentration in zebrafish (Brachydanio rerio). The bioconcentration of the pesticides was reached an equilibrium more rapidly in an exposure of the binary mixture than that in an indicidual exposure. The BCF values and depuration rate constants for dichlorvos and phosalone in the binary mixture in the zebrafish were not significatly different from that of single pesticidel The results suggest that the effect of co-existence of pesticides on bioconcenteraion and depuration in zebrafish can be evaluated with single pesticide datum.

Properties of Lintnerized Rice Starches (산 처리 쌀 전분의 성질)

  • Park, Yang-Kyun;Kim, Sung-Kon;Kim, Kwan
    • Korean Journal of Food Science and Technology
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    • v.23 no.1
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    • pp.62-67
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    • 1991
  • The characteristics of Tongjinbyeo(Japonica) and Samgangbyeo($J{\times}Indica$) rice starches including physicochemical properties, differential scanning calorimetry and enzymatic digestion of lintnerized starches were investigated. Degree of hydrolysis of Tongjinbyeo starch with 2.2N HCI for 48 hr was higher than that of Samgangbyeo starch. Apparent first order reaction of starches was slow reaction for first period, and fast reaction second period on the datum point of acid treatment 24 hr. Absorbance at ${\lambda}_{max}$ and 680 nm, and ${\lambda}_{max}$ of iodine stained starch and amylose content decreased upon acid treatment. But water binding capacity, swelling power and solubility considerably increased as hydrolysis progressed. Relative crystallinity of two starches increased with acid treatment, and that of Tongjinbyeo starch was higher than that of Samgangbyeo starch. Differential scanning colorimetry(DSC) data continuously decreased for lintnerization periods, and those of Tongjinbyeo starch have higher than those of Samgangbyeo starch. The onset temperature of starch by DSC continuously decreased by treatment, but conclusion temperature increased until 24 hr and then decreased. The enthalpy for gelatinization decreased for both starches. Degree of hydrolysis of lintnerized Tongjinbyeo starch with glucoamylase was slightly higher than that of Samgangbyeo starch.

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Variations of Biogenic Components in the Region off the Lutzow-Holm Bay, East Antarctica during the Last 700 Kyr (지난 70만 년 동안 동남극 Lutzow-Holm만 주변 해역의 생물기원 퇴적물 함량 변화)

  • Kim, Yeo-Hun;Katsuki, Kota;Suganuma, Yusuke;Ikehara, Minoru;Khim, Boo-Keun
    • Ocean and Polar Research
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    • v.33 no.3
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    • pp.211-221
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    • 2011
  • Contents of biogenic components [opal, $CaCO_3$, TOC (total organic carbon)] were measured in Core LHB-3PC sediments collected off Lutzow-Holm Bay, in order to understand glacial-interglacial cyclic variation of the high-latitude surface-water paleoproductivity, in the Indian Sector of the Southern Ocean. An age model was established from the correlation of ARM/IRM ratios of Core LHB-3PC with LR04 stack benthic ${\delta}^{18}O$ records, in complement with radiocarbon isotope ages and biostratigraphic Last Appearance Datum (LAD). The core-bottom age was estimated to be about 700 ka. Although the $CaCO_3$ content is very low less than 1.0% throughout the core, the opal and TOC contents show clear glacial-interglacial cyclic variation such that they are high during the interglacial periods (7.2-50.3% and 0.05-1.00%, respectively) and low during the glacial periods (5.2-25.2% and 0.01-0.68%, respectively). According to the spectral analysis, the variation of opal content is controlled mainly by eccentricity forcing and subsequently by obliquity forcing during the last 700 kyrs. The opal contents of Core LHB-3PC also represent the apparent Mid-Pleistocene Transition (MPT)-related climatic variation in the glacial-interglacial cycles. In particular, the orbital variation of the opal contents shows increasing amplitudes since marine isotope stage (MIS) 11, which defines one of the important paleoclimatic events during the late Quaternary, called the "Mid-Brunhes Event". Based on the variation of the opal contents in Core LHB-3PC, we suggest that the surface-water paleoproductivity in the Indian Sector of the Southern Ocean followed the orbital (glacial-interglacial) cycles, and was controlled mainly by the extent of sea ice distribution during the last 700 kyrs.

Leveling the Gamma-ray Spectrometric Data using Baseline Survey (Baseline 탐사를 이용한 항공 방사능 탐사 자료 맞추기)

  • Park, Yeong-Sue;Rim, Hyoungrea;Lim, Mutaek;Shin, Young Hong
    • Geophysics and Geophysical Exploration
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    • v.18 no.3
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    • pp.97-104
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    • 2015
  • KIGAM has surveyed most of the Korean territory since 1982 using airborne gamma-ray spectrometry, and complete the nationwide scale map in the near future. However, since the duration of survey is too long and the conditions of survey is not consistent, the data does not have physical consistency. In addition, the window counts (count/sec) were recorded instead of potassium, uranium and thorium radioelement concentrations. Thus, the data could not be registered to the International Atomic Energy Agency (IAEA) radioelement datum. This limits the usefulness of the data and it is not possible to easily combine surveys into regional compilations or make quantitative interpretations between different survey areas. To solve these problems, we undertook a test baseline survey over Jincheon-Eumseong area, to level the different two sets of data and to map radioelement concentrations. This survey confirms to IAEA radioelement baseline. The method and procedures of data leveling prepared by this study improve the usefulness and usability of the radiometric data, and make it enable to compile the nationwide scale radioelement concentration maps.