• Title/Summary/Keyword: Demand-bias hypothesis

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A Study on Tertiarization in Korea: Test of Baumol's Hypothesis (한국의 서비스화에 대한 연구: Baumol 가설을 중심으로)

  • Seo, Hwan-Joo;Lee, Young-Soo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.8 no.1
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    • pp.143-150
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    • 2007
  • Using a panel data of Korea for $1979{\sim}2002$, this study investigates the determinants of the service sector employment share in Korea. In order to analyze the impact of macroeconomic factors on the service sector's employment share we estimate a simple panel model which is in line with Baumol's model. The panel GMM estimation results show that: 1) The increase in the share of service-related jobs in total employment tends to rise with GDP per capita, which confirms demand-bias hypothesis proposed by Clark. 2) We find that a crucial role in this process has been played by the productivity gap. As Baumol's hypothesis or Baumolis disease, the expansion of the employment share in services relative to industry is the direct consequence of services' lower productivity performances.

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Price and qualify Effects in US Fisheries Demand (미국 수산물 수요에 있어서 가격과 질의 영향분석)

  • 김기수
    • The Journal of Fisheries Business Administration
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    • v.26 no.1
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    • pp.1-8
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    • 1995
  • This paper tries to estimate price and quality effects in US cross - sectional fisheries demand analysis using 1987-88 Nationwide Food Consumption Survey Data. The estimated results support to the hypothesis of quality effects in cross - sectional prices, which had been already proven by Cox and Wohlgenant(1986). But Since all zero observations for the respective incomes, expenditures and quantities are eliminated for the ease of computation, it may yield inconsistent estimates from selectivity bias.

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The Significance of Uniform Connectedness on Perceptual Organization (형태의 조직화에서 균질 연결성의 의의)

  • 박창호
    • Korean Journal of Cognitive Science
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    • v.15 no.2
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    • pp.17-22
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    • 2004
  • Two experiments were executed to investigate the effect of uniform connectedness systematically using the identification task of briefly exposed forms. Previous study observed negative repetition effected (i.e., NRE) in the identification task of two parentheses either connected or disconnected vertically, which was interpreted as an evidence against the hypothesis of uniform connectedness. Experiment I tested the hypothesis that NRE resulted from the Perceptual set or anticipating disconnected displays. Experiment 2 tested the hypothesis that NRE resulted from relatively shorter exposure time. Using partial report task asking participants to report only the cued target and whole report task asking them to report the whole pattern with only connected displays, experiment 1 observed NRE respectively. Experiment 2, with longer exposure time equivalent to 83% accuracy and response bias controlled by use of catch trials, obtained the same NRE. Those results seems to indicate that uniformly connected forms were processed analytically by perceivers without task demand and futhermore, the hypothesis of uniform connectedness as a principle of perceptual organization is not plausible.

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