• Title/Summary/Keyword: ECM model

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A Study on the Long and Short Term Effect of Exchange Rate about the Import of Korea's Fisheries during Feely Flexible Exchange Rate System Period - Focus on Main Fisheries Imported from China - (자유변동환율체제하의 수산물 수입에 대한 환율의 장단기 영향분석 - 중국으로부터의 주요 수산물 수입품목을 중심으로 -)

  • Kim, Woo-Kyung;Kim, Ki-Soo
    • The Journal of Fisheries Business Administration
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    • v.40 no.3
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    • pp.169-187
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    • 2009
  • This study analyzes the long and short term effect of exchange rate on the import of Korea's fisheries focussed on main fisheries imported from China. The estimation models consist of the following contents. The first model consists of one dependent variable-import quantity of fisheries imported from China(${IMQ_t}^{CHO}$) and three independent variables-${RP_t}^{CHO}$, $EXC_t$ and $GDP_t$. The second one-one dependent variable-import quantity of fisheries imported from China(${JMQ_t}^{NAG})$ and three independent variables-${RP_t}^{NAG}$, $EX_t$ and $GDP_t$. the third one-one dependent variable-import quantity of fisheries imported from China(${IMQ_t}^{AH}$) and three independent variables-${RP_t}^{AH}$, $EX_t$ and $GDP_t$. the forth one-one dependent variable-import quantity of fisheries imported from China(${IMQ_t}^{KO}$) and three independent variables-${RP_t}^{KO)$, $EX_t$ and $GDP_t$. the last one is made up of one dependent variable-import quantity of fisheries imported from China(${IMQ_t}^{GAL}$) and three independent variables-, ${RP_t}^{GAL}$, $EX_t$ and $GDP_t$. and. The estimation results show that exchange rate of the independent variables are statistically significant in only the first model. The figure is elastic. Especially, the effect of exchange rate in first model is grater than that of the. However, the effect of exchange rate, one of independent variables in the ECM, is not statistically significant.

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The Long-Run Relationship between House Prices and Economic Fundamentals: Evidence from Korean Panel Data (주택가격과 기초경제여건의 장기 관계: 우리나라의 패널 자료를 이용하여)

  • Sim, Sunghoon
    • International Area Studies Review
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    • v.16 no.1
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    • pp.3-27
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    • 2012
  • This paper adopts recently developed panel unit root test that is cross-sectionally robust. Cointegration test is also used to find whether regional house prices are in line with gross regional domestic production (GRDP) in the long run in Korea during 1989-2009. Based on the panel VECM and the panel ARDL models, we examine causal relationships among the variables and estimate the long-run elasticity. We find evidence of cointegration and bidirectional causal relationships between regional house prices and GRDP. The results of long-run estimates, using both fixed effect and ARDL models, show that house prices positively and significantly influence on the GRDP and vice versa. Together with these results, the findings of ARDL-ECM imply that there exists a long-run equilibrium relationship between house prices and regional economic variables even if there is a possibility of short-run deviation from its long-run path.

The Characteristic Analysis of Vector Control in a Linear Induction Motor Considering Static and Dynamic End Effects (정적 및 동적 단부효과를 고려한 선형 유도 전동기의 벡터제어 특성해석)

  • Kim, Dae-Gyeong;Gwon, Byeong-Il;U, Gyeong-Il
    • The Transactions of the Korean Institute of Electrical Engineers B
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    • v.51 no.8
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    • pp.413-424
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    • 2002
  • Recently, in the linear motion system, high performances are required In dynamic characteristics. Vector control method is capable of instantaneous thrust control can meet these high performance requirements. Linear induction motor(LIM) have static and dynamic end effects due to its finite core length, so that per-phase impedances are asymmetric and an air gap flux distribution is distorted. These points of the d-q axis equivalent circuit model considering both end effects is more complicated. This paper proposes the d-q axis equivalent circuit and the vector control method considering both static and dynamic end effects of the LIM. As a result, it is shown that the results of the equivalent circuit method(ECM) have a good agreement with those of the finite element method(FEM).

An Analysis on the Causal Relation Among SMP, Base-Load Share, LNG Import Price, and Exchange Rate (전력계통한계가격(SMP)과 기저발전비율, LNG도입가격, 환율 간 인과관계 분석)

  • Park, Min Hyug;Moon, Yang Taik;Park, Jung Gu
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.28 no.7
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    • pp.97-105
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    • 2014
  • This article examines the causality relationship among SMP, base-load share, LNG import price, and exchange rate in Korean power market during 2002~2012, using unit root test, cointegration test, and vector error correction model(VECM). The cointegration test shows that 4 variables without unit root have been in the long-run causality. As the results of ECM, SMP is analyzed to have been unilaterally caused from LNG import price and base-load share in the shot-run, while it has been unilaterally caused from LNG import price and exchange rate in the long-run. This article has the following policy implications: the adjustment of exchange rate to reduce he risk of LNG import price and the proper securement of base-load share for the long-run stability of SMP.

Time series analysis of the electricity demand in a residential building in South Korea (주거용 건물의 전력 사용량에 대한 시계열 분석 및 예측)

  • Park, Kyeongmi;Kim, Jaehee
    • The Korean Journal of Applied Statistics
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    • v.32 no.3
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    • pp.405-421
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    • 2019
  • Predicting how much energy to use is an important issue in society. However, it is more difficult to capture the usage characteristics of residential buildings than other buildings. This paper provides time series analysis methods for electricity consumption in a residential building. Temperature is closely related to electricity demand. An error correction model, which is a method of adjusting the error with time, is applied when a cointegration relation is established between variables. Therefore, we analyze data via ECMs with consideration of the temperature effect.

Analysis and Experiment Verification of Heat Generation Factor of High Power 18650 Lithium-ion Cell (고출력 18650 리튬이온 배터리의 발열인자 해석 및 실험적 검증)

  • Kang, Taewoo;Yoo, Kisoo;Kim, Jonghoon
    • The Transactions of the Korean Institute of Power Electronics
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    • v.24 no.5
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    • pp.365-371
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    • 2019
  • This study shows the feasibility of the parameter of the 1st RC parallel equivalent circuit as a factor of the heat generation of lithium-ion cell. The internal resistance of a lithium-ion cell consists of ohmic and polarization resistances. The internal resistances at various SOCs of the lithium-ion cell are obtained via an electrical characteristic test. The internal resistance is inversely obtained through the amount of heat generated during the experiment. By comparing the resistances obtained using the two methods, the summation of ohmic and polarization resistances is identified as the heating factor of lithium-ion battery. Finally, the amounts of heat generated from the 2C, 3C, and 4C-rate discharge experiments and the COMSOL multiphysics simulation using the summation of ohmic and polarization resistances as the heating parameter are compared. The comparison shows the feasibility of the electrical parameters of the 1st RC parallel equivalent circuit as the heating factor.

Econometric Analysis of the Determinants of Real Effective Exchange Rate in the Emerging ASEAN Countries

  • RAKSONG, Saranya;SOMBATTHIRA, Benchamaphorn
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.731-740
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    • 2021
  • This research aims to investigate the determinants of real effective exchange rate in emerging ASEAN countries, including Indonesia, Malaysia, Philippines, Thailand, and Vietnam. The research was conducted by using quarterly time series data set from 1980Q1 to 2020Q3. Cointegration and the error correction model (ECM) methods were applied to test the long run and short run relationship of the real effective exchange rate and its determinants. The results indicate that the ratio of foreign direct investment to GDP and the government spending have significantly positive impact on real effective exchange rate in the Emerging ASEAN countries. The trade opening had influencing real effective exchange rate in most the Emerging ASEAN countries, except Vietnam. In addition, the international reserve (INR) had significant long-run impacts variables on real effective exchange rate in Malaysia, Thailand and Vietnam. In the short run equilibrium, the error collection term suggest that Indonesia and Malaysia are the fastest speed adjustment to equilibrium. In addition, the term of trade influence the real effective exchange rate in Indonesia, Malaysia, and the Philippines but it is not in Thailand and Vietnam. However, FDI is a major factor of the real effective exchange rate in Vietnam, but not for other countries.

Relationships between dietary rumen-protected lysine and methionine with the lactational performance of dairy cows - A meta-analysis

  • Agung Irawan;Ahmad Sofyan;Teguh Wahyono;Muhammad Ainsyar Harahap;Andi Febrisiantosa;Awistaros Angger Sakti;Hendra Herdian;Anuraga Jayanegara
    • Animal Bioscience
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    • v.36 no.11
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    • pp.1666-1684
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    • 2023
  • Objective: Our objective was to examine the relationships of supplemental rumen-protected lysine (RPL) or lysine + methionine (RPLM) on lactational performance, plasma amino acids (AA) concentration, and nitrogen use efficiency of lactating dairy cows by using a meta-analysis approach. Methods: A total of 56 articles comprising 77 experiments with either RPL or RPLM supplementation were selected and analyzed using a mixed model methodology by considering the treatments and other potential covariates as fixed effects and different experiments as random effects. Results: In early lactating cows, milk yield was linearly increased by RPL (β1 = 0.013; p<0.001) and RPLM (β1 = 0.014; p<0.028) but 3.5% fat-corrected milk (FCM) and energy-corrected milk (ECM) (kg/d) was increased by only RPL. RPL and RPLM did not affect dry matter intake (DMI) but positively increased (p<0.05) dairy efficiency (Milk yield/DMI and ECM/DMI). As a percentage, milk fat, protein, and lactose were unchanged by RPL or RPLM but the yield of all components was increased (p<0.05) by feeding RPL while only milk protein was increased by feeding RPLM. Plasma Lys concentration was linearly increased (p<0.05) with increasing supplemental RPL while plasma Met increased (p<0.05) by RPLM supplementation. The increase in plasma Lys had a strong linear relationship (R2 = 0.693 in the RPL dataset and R2 = 0.769 in the RPLM dataset) on milk protein synthesis (g/d) during early lactation. Nitrogen metabolism parameters were not affected by feeding RPL or RPLM, either top-dress or when supplemented to deficient diets. Lactation performance did not differ between AA-deficient or AA-adequate diets in response to RPL or RPLM supplementation. Conclusion: RPL or RPLM showed a positive linear relationship on the lactational performance of dairy cows whereas greater improvement effects were observed during early lactation. Supplementing RPL or RPLM is recommended on deficient-AA diet but not on adequate-AA diet.

Influence of Social Presence on Online Community Users' Continuance Intention (사회적 실재감이 온라인 커뮤니티 지속사용의도에 미치는 영향)

  • Kim, Kwang-Mo;Choi, Hee-Won;Kwon, Song-Il
    • The Journal of the Korea Contents Association
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    • v.14 no.2
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    • pp.131-145
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    • 2014
  • This study is an empirical analysis on the relationship between social presence and online community users' continuance intention. Based on Bhattacherjee(2001)'s expectation-confirmation model (ECM) of IT continuance model, we test the influence of social presence on one's intention to continue using online communities. This study sampled 132 online community users. Research hypotheses are tested using the structural equation modelling(SEM) approach. The results of this study demonstrate that user satisfaction is influenced by perceived usefulness and perceived enjoyment. But, the confirmation of expectation did not affect user satisfaction. And, social presence has direct effects on perceived usefulness and perceived enjoyment. Further, social presence has a positive effect on users' continuance intention through mediating effect of perceived usefulness. This study suggests that perceived usefulness should be taken into account when carrying out the operating strategy of online communities.

A Study on Microblog Service Continuous Use Intention: Focusing on Influence (마이크로블로그 서비스의 지속사용의도에 관한 연구)

  • Kim, Gyung-Jun;Lee, Ho;Son, Soo-Min
    • The Journal of Information Systems
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    • v.23 no.1
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    • pp.73-91
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    • 2014
  • Microblog is emerging as a new communication service because of its usefulness and real-time accessability. Recently, microblog services, such as twitter and me2day in Korea, are getting a great attention. Continuous use intention is critical to sustain the service. However, most recent studies are based on Technology Acceptance Model(TAM) and Expectation Confirmation Model(ECM). These models are only focused on individual factors and overlook social influence factors. Social influence has been indicated as a critical factor of technology adoption and diffusion in social context(Davis, 1989; Fulk et al., 1987). In this study, we explore factors related to social influence which effect on continuous use intention for 'me2day' that is one of the most famous microblog in Korea. The purpose of this study is to understand continuous use intention and examine the relationship among social influence factors, social presence, and continuous use intention. To understand the phenomenon of continuous use intention in microblog service, this study employed social influence theory and expanded it by adding personal network exposure and group norm as additional social influence factors. The results show that social identity, group norms, and social presence positively influences continuous use intention. Contrary to our expectation, personal network exposure does not influence on continuous use intention. Academically, this research can contribute to microblog research field through elucidating the relationship among social influence factors, social presence, and continuous use intention. Although there is not enough research which is considered social influence factors as major explanation for continuous use intention, this study can give novel point of view to understand continuous use intention of microblog. Practically, service providers could consider ways to encourage users to continually use microblog service by reinforcing social influence factors and social presence.