• The Journal of Industrial Distribution & Business
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• v.7 no.3
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• pp.27-36
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• 2016

Purpose - Considering the importance of housing needs to real estate market, domestic studies on real estate prices from the perspective of demand are basically based on macro-data, but relatively few are associated with micro-data of urban real estate demand. We try to find a reliable relation of elasticity of demand and commercial housing market. Research design, data, and methodology - In this paper, we have derived housing demand theoretic method and have utilized micro-data of residential family housing survey of downtown area in Kunming City in October, 2015 to estimate income elasticity and price elasticity of housing demand respectively and make a comparative analysis. Results - The results indicate that income elasticity and price elasticity of families with owner-occupied housing are both larger than those of families with rental housing. Income elasticity of housing demand of urban residential families in Kunming is far below the foreign average and eastern coastal cities level, however, the corresponding price elasticity is far higher. Conclusions - We suggest that housing affordability of urban families in western China are constrained by the level of economic development, and the current housing price level has exceeded the economic affordability and psychological expectation of ordinary residents. Furthermore, noticing the great rigidity of housing demand, the expansion space of housing market for improvement and for commodity is limited.

• Journal of Korean Society of Forest Science
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• v.94 no.5 s.162
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• pp.342-348
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• 2005

An exploratory survey was performed to assess the present status of distribution and production of coconut palm (Cocos nucifera Linn.) in the rural landscape of Meghna floodplain of Bangladesh. A multistage simple random sampling technique was adopted to identify the study area and respondents. A total of 50 households were selected randomly for the study. Traditional knowledge on cultivation, management, and production of coconut palm was emphasized. Marketing of coconut palm products and income derived from coconut palm cultivation was taken into consideration. Perceptions of farmers, traders and professionals were described in due context of opportunities and constraints of coconut palm cultivation. Coconut palm cultivation was found to play an important role in household economy in rural Bangladesh sharing considerable contribution to the total income. About 10% of their total annual income was reported to come from coconut husbandry. Highest number of the coconut palms, 24%, was found to grow in the homestead compounds and in the pond banks. About one-third lands of the households were found to be covered by the coconut palms. Maximum, 19%, coconut palms were found in the 16-20 years age-class. Production of coconut was found highest at the age-class 11-15 years. The study found some important opportunities and constraints of coconut farming in rural Meghna floodplain area of Bangladesh. The results of this study would be useful for the rural development practitioners in Bangladesh.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.543-553
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• 2020

The purpose of this study is to analyze the effects of subjective class consciousness on life satisfaction. This research aimed to not only analyze the relative explanatory power, but also the influence of satisfaction of life within the socioeconomic status where the elderly consider themselves to be an integral part. The elderly's satisfaction in life was analyzed in comparison with demographic characteristics such as gender and age. The correlations of objective socioeconomic characteristics such as income level and education level were also observed. For this purpose, the Korea Labor Panel 17th data (2014) was used to conduct a one-way batch distribution analysis and a hierarchical regression analysis. It was seen that there was a correlation in the Korean elderly in terms of class consciousness and life satisfaction. The elderly with a lower subjective class consciousness showed lower life satisfaction. The relative influences were stronger than the demographic and socioeconomic characteristics of the elderly, and the explanatory power was much higher than the objective income levels. These results show that the subjective perception of their socioeconomic status has a significant influence on the level of life satisfaction of the Korean elderly, independent of the objective income level.

• Journal of Korean Society of Transportation
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• v.7 no.1
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• pp.5-18
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• 1989

Understanding the future level of car ownership is essential in order to formulate various transportation policies. Despite its importance, however, a revies of literature indicates that previous studies treated car ownership as a linear function of income, GNP, degree of urbanization and etc. more detaild and accurate models of car ownership should be possible if information on major variables determining car ownership can be gathered. In this paper, three approaches have been chosen to develop mathematical models to predict future increase in car ownership in Korea. The three methords developed are : income distribution methords ; multiple regression models ; forecasting curves.

• Communications for Statistical Applications and Methods
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• v.8 no.1
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• pp.185-192
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• 2001

Using the Lorenz curve that is proved to be a powerful tool to measure the income inequality within a population of income receivers, we propose the normalized sample Lorenz curve for the goodness-of-fit test that is very important test in statistical analysis. For two hodgkin's disease data sets, we compare the Q-Q plot and the proposed normalized sample Lorenz curve.

• Human Ecology Research
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• v.54 no.1
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• pp.107-118
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• 2016

This study examined differences in consumers' images of short-term income forest products, preference, willingness to pay prices and purchase behavior according to dietary lifestyle as well as investigated what factors influence the degree of satisfaction when purchasing short-term income forest products and willingness to repurchase. According to dietary lifestyle, the results classified consumers as 'frugal housewife type,' 'convenience-seeking type,' and 'food high-involvement type.' A 'food high-involvement group' is defined as a group that wants high quality products regardless of price. In the 'frugal housewife type,' country of origin and hygiene/safety (considered when purchasing food) had positive influences on the degree of satisfaction. In the 'convenience-seeking type,' country of origin (considered when purchasing food) had a positive influence on the degree of satisfaction while country of origin (checked when purchasing food) had a negative influence on degree of satisfaction. Consumers had a lack of perception for short-term income forest products; subsequently, short-term income forest products had a weakness of low access to consumers. Therefore, farms for short-term income forest products need to divide products into 'high-priced' luxury products and 'low-priced' frugal products according to dietary lifestyle characteristics, improve packaging status to enable consumers to check quality certificates, and clearly indicate country of origin as well as improve distribution processes and increase consumer access to products.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.271-281
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• 2020

This study aims to investigate whether and why the disclosure of full financial information to estimate taxable income (TI) is incrementally useful for investors' decision making at earnings announcements. This paper shows analytically that the information content of TI beyond book income is determined by the relative informativeness of TI exceeding that of book-tax differences (BTDs), and therefore should be affected by the earnings quality of TI relative to BTDs. This study collects data on earnings announcements from Korean listed firms and employs multiple regression tests for earnings persistence, a major indicator of earnings quality, of TI and BTDs and their information content. The empirical test results show that TI is more persistent than BTDs for the entire sample in this study. Further, the investors' reaction to TI is greater than that to BTDs, and the market response to TI controlling for BI is positive. However, the market test results are significantly observed only in the subsample group with full disclosure of financial statements, not in the samples with disclosure of aggregated earnings only. In sum, this study provides new evidence that the TI information obtained from a detailed earnings announcement is useful for investors in addition to book income.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.251-260
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• 2020

The purpose of this paper is to investigate the impact of total factor productivity (TFP), institutional quality, and interactive variable between them on economic growth in 13 low-middle income countries in Asia for the period 2000-2018. The paper uses the difference Generalized Method of Moments (GMM) to explore the dataset provided by the World Bank. The empirical results show that TFP and the interactive variable positively impact on the economic growth, while the institutional determinants have a negative influence. The negative effect is explained by the weak institutions in these low-middle income countries. The findings of the study suggest two points. First, the government should continue to improve TFP, which is associated with the application of technical advances, technological innovations, improvement of management methods, and skilled workers. Second, far more important, is that the authorities should pay special attention to implement institutional reform and strengthen the governance in the future. The successful experiences from Japan, Korea and Singapore will help other governments in Asian low-middle income countries to build developmental state. Probably, the developmental state actively interfere in the market to promote and realize the development goals. By doing so, these economies might overcome the so-called "middle-income trap".

• Asia-Pacific Journal of Business
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• v.3 no.2
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• pp.34-41
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• 2012

The aim of this paper is to depict the social problems common to South Korea and Japan by comparing their consumption behaviors. For that purpose, we utilize the Survey of Household Economy of both countries and attempt to determine the similarities and differences between the two countries. Our empirical analysis revealed the following. First, although both countries are aging, the first quartile (the poorest in under the definition in this paper) in South Korea has aged more rapidly than in to Japan. As the wages in these two countries formerly increased with age, this substantial divergence in the age composition in the poorest quartile is a remarkable change and suggests that income inequality has been more widely spreading out in South Korea than in Japan. Furthermore, the education expenditure ratio in South Korea is statistically significant for higher income level, while this is not the case in Japan. If the opportunity for better education is dominated by wealthier households, the prompt implementation of a policy to break this vicious circle is necessary in South Korea.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.681-693
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• 2020

This study sees a critical gap in the previous body of research, which it seeks to fill; the disclosure of the unemployment ratio correlation has only been measured by the level of economic growth. This study is to add investment variables and government expenditure variables that objectively aim to measure the level of effectiveness in handling the unemployment ratio, which is then a measurement of the effectiveness of unemployment. Economic growth is measured by its impact on income inequality through empirical, conceptual relationships as a critical review and economic strategy for the future. The research uses secondary data on Indonesian macro and microeconomics since 2003-2018, then testing uses a quantitative approach to correlation, regression, and scatterplot. The results of this study show correlations between variables, and volatiles on the graphs show a similar trend. In other words, variables are bound together and support each other. The strategy of prioritizing the scale of government expenditure and investment to reach the target is the primary concern, so that the economic cycle can be optimal and equipped to face the possibility of an economic recession in the future. Many factors cause complex income inequality, though investment does not show a correlation to income inequality.