• Title/Summary/Keyword: Econometrics

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The relationship between carbon dioxide, crop and food production index in Ghana: By estimating the long-run elasticities and variance decomposition

  • Sarkodie, Samuel Asumadu;Owusu, Phebe Asantewaa
    • Environmental Engineering Research
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    • v.22 no.2
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    • pp.193-202
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    • 2017
  • The study estimated the relationship between carbon dioxide, crop and livestock production index in Ghana: Estimating the long-run elasticities and variance decomposition by employing a time series data spanning from 1960-2013 using both fit regression and ARDL models. There was evidence of a long-run equilibrium relationship between carbon dioxide emissions, crop production index and livestock production index. Evidence from the study shows that a 1% increase in crop production index will increase carbon dioxide emissions by 0.52%, while a 1% increase in livestock production index will increase carbon dioxide emissions by 0.81% in the long-run. There was evidence of a bidirectional causality between a crop production index and carbon dioxide emissions and a unidirectional causality exists from livestock production index to carbon dioxide emissions. Evidence from the variance decomposition shows that 37% of future fluctuations in carbon dioxide emissions are due to shocks in the crop production index while 18% of future fluctuations in carbon dioxide emissions are due to shocks in the livestock production index. Efforts towards reducing pre-production, production, transportation, processing and post-harvest losses are essential to reducing food wastage which affects Ghana's carbon footprint.

An Empirical Study on the Export and Import Effects of Foreign Direct Investment on the Blue Economic Zone of the Shandong Peninsula in China

  • Lee, Sung-Joon;Zhai, Shuai
    • Journal of Distribution Science
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    • v.11 no.1
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    • pp.15-23
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    • 2013
  • Purpose - During a reform period lasting 30 years, the Blue Economic Zone (BEZ) in the Shandong Peninsula has made progress in attracting foreign investment, and has acquired the foreign direct investment (FDI) essential for economic growth. It is therefore important to conduct a proactive and systematic study of FDI in the BEZ. Research design, data, methodology - This dissertation discusses the contribution of FDI on economic growth, from both a theoretical and empirical perspective. Taking seven core cities for study, statistics and econometrics are used, and panel data are used to validate FDI contribution to import and export in the BEZ. Results- FDI was found to exert both positive and negative influences on the imports and exports of the BEZ. In other words, the research findings are consistent with Trade Generated and Inverse Trade Generated theories put forward by Kojima and Mundell, among other researchers mentioned earlier in this paper. Further, FDI has greatly increased imports and exports for the BEZ. Conclusions - According to the results of this empirical study on local investment environment optimization, FDI plays an important role in foreign trade. This dissertation puts forward recommendations on using FDI to better promote economic growth in the BEZ.

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Marginal Benefit-Cost Analysis of Irrigation Water in Rice Production (미곡생산(米穀生産)에 있어서 관개용수(灌漑用水)의 한계편익(限界便益)·비용분석(費用分析))

  • Lim, Jae-Hwan;Lee, Min-Soo
    • Korean Journal of Agricultural Science
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    • v.28 no.2
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    • pp.132-146
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    • 2001
  • Rice cultivation is not only the main resource of farm income and staple food but also the root of cultural life of Korean people. Korean government has carried out irrigation water development with heavy investment to cope with water shortage in rice fanning as a link of the five years economic development plans. In spite of the continuous accomplishment of irrigation water development, the marginal benefits-costs of irrigation water has not been studied. Owing to the government full support for the operation and maintenance of irrigation facilities, price of irrigation water as a membership fee could not be formed as the municipal and industrial water prices. Accordingly this study is aimed at identifying firstly the marginal benefits-cost of irrigation water, secondly deriving the macro-econometrics models as supply and demand functions of irrigation water and thirdly examining the marginal benefits-cost ratio. The trends of supply and demand prices of irrigation water were estimated annually. Considering the marginal benefits-cost ratio as 1.3, it was identified that additional irrigation water development projects still have an economic feasibility under the present economic situation in Korea.

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Analysis of Determinants of Migration by Age Groups using General Spatial Model in Korea (공간계량모형을 이용한 연령대별 인구 이동 결정 요인 분석)

  • Han, Yi-Cheol;Lee, Jeong-Jae;Jung, Nam-Su;Park, Mee-Jeong;Suh, Kyo
    • Journal of Korean Society of Rural Planning
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    • v.11 no.3 s.28
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    • pp.59-67
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    • 2005
  • According to diverse studies in population migration, there has been a strong age-dependent population distribution in Korea. It is shown that a particular age-group tends to reside in a particular locale or community and the effect possesses usually statistical significance. We quantitatively address this issue: how certain division of age group resides in different region of the country, and investigate possible cause of this migration pattern for different age groups. In this study, population migration trend at age groups of 20s, 30s, 40s and 50s has been analyzed incorporating a spatial econometrics model that accounts for diverse statistical pitfalls such as spatial autocorrelation and spatial dependency. We found that migration trend for different age group corresponds to regional characteristics differently. The study concludes with some policy implications and suggests a need of further study.

GENERATING NON-JUMPING NUMBERS OF HYPERGRAPHS

  • Liu, Shaoqiang;Peng, Yuejian
    • Bulletin of the Korean Mathematical Society
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    • v.56 no.4
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    • pp.1027-1039
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    • 2019
  • The concept of jump concerns the distribution of $Tur{\acute{a}}n$ densities. A number ${\alpha}\;{\in}\;[0,1)$ is a jump for r if there exists a constant c > 0 such that if the $Tur{\acute{a}}n$ density of a family $\mathfrak{F}$ of r-uniform graphs is greater than ${\alpha}$, then the $Tur{\acute{a}}n$ density of $\mathfrak{F}$ is at least ${\alpha}+c$. To determine whether a number is a jump or non-jump has been a challenging problem in extremal hypergraph theory. In this paper, we give a way to generate non-jumps for hypergraphs. We show that if ${\alpha}$, ${\beta}$ are non-jumps for $r_1$, $r_2{\geq}2$ respectively, then $\frac{{\alpha}{\beta}(r_1+r_2)!r_1^{r_1}r_2^{r_2}}{r_1!r_2!(r_1+R_2)^{r_1+r_2}}$ is a non-jump for $r_1+r_2$. We also apply the Lagrangian method to determine the $Tur{\acute{a}}n$ density of the extension of the (r - 3)-fold enlargement of a 3-uniform matching.

The Effects of Food Safety Accident on the Consumption of Eggs : Focusing on the Pesticide-related Accident (식품안전사고가 계란 소비에 미치는 영향: 계란의 살충제검출사고를 중심으로)

  • Han, Byeol;Yang, Sung-Bum
    • Korean Journal of Organic Agriculture
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    • v.27 no.1
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    • pp.17-32
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    • 2019
  • The objective of this study is to investigate the effect of pesticide-related accident on prices and sales of eggs and the perception of food safety accidents among consumers. For this, we analyzed the impact of the pesticide incident on consumers' purchases by separating large discount stores and eco-friendly specialty stores with econometrics methods. In addition, the value changes for each egg certification were analyzed after the accident. Perception of food safety accidents was conducted through a survey to investigate the awareness of the pesticide-related accidents, changes in purchases, and the causes of the pesticide accidents. Furthermore, the risk analysis was conducted. This results show the importance of trust and communication in food safety accidents between distributors, consumers and concerned authorities. Also, after the accident, consumers' interest and premium exist in the breeding process such as animal welfare, not only in the final product. Therefore in order to actively respond to food safety accidents such as pesticides-related accident, response and improvement are necessary considering various aspects such as risk assessment, risk management, and risk communication.

Education, Industry 4.0 and Earnings: Evidence from Provincial-Level Data of Vietnam

  • TU, Anh Thuy;CHU, Phuong Thi Mai;PHAM, Truong Xuan;DO, Ngoc Minh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.675-684
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    • 2021
  • This paper aims to analyze factors influencing earnings of workers in Vietnam using provincial-level data from 2016 to 2018. We show the important determinants of earnings of workers of more than 15 years old including working hour, labor force, life expectancy, education, regulation measured by Provincial Competitiveness Index (PCI) and especially Industry 4.0, our major depart from literature proxies by government expenditure on science and technology, number of phone lines, and number of internet users. Working hours are a typical measurement of quantity of labor supplied. Labor force represents market size from the supply side. Life expectancy measures the health of laborers, a physical quality measure of workers. PCI stands for institutional status of the locality. Two most important factors of our interest are education, representing qualification of workers, and Industry 4.0, reflecting the new working environment of workers. By estimating a robust standard error fixed-effect model, we have evidence that all factors are significant in explaining earnings of Vietnamese workers. Education and IR4.0 play an important role in earnings of workers of Vietnam. Results also provide an estimation of Vietnam's labor supply in the context of Industry 4.0. In addition, findings contribute to explain the income discrepancy among Vietnamese provinces.

Analysis of Functional Autocorrelation and Development of Functional Econometric Model through Urban Interactions - Focusing on Economic Growth of Small and Medium Sized Cities - (도시 상호작용에 따른 기능적 자기상관분석 및 기능계량경제모형 개발 - 중소도시의 경제성장을 중심으로 -)

  • Kim, Dohyeong;Woo, Myungje
    • Journal of Korea Planning Association
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    • v.54 no.3
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    • pp.63-74
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    • 2019
  • Korean government has implemented policies to strengthen the competitiveness of small and medium sized cities. However, since it is often difficult to enhance the competitiveness through individual projects, many local governments in metropolitan areas are working together to pursue local growth. On the other hand, small and medium sized cities that are not included in metropolitan areas due to their spatial limitations have difficulties in implementing effective growth policies. Given this background, the purpose of this study is to identify the functional correlation based on urban interactions and develop functional econometric model for the economic growth of small and medium sized cities. This study uses spatial econometrics models and functional weight matrix to identify the effects of functional networks on small and medium sized cities. The results show the effect of functional networks on the growth of small and medium sized cities and provide policy implications for regional spatial planning that addresses effective management of small and medium sized cities.

A New Measurement and Its Determinants for Corporate Environmental Management: An Empirical Study in Vietnam

  • TU, Anh Thuy;CHU, Phuong Thi Mai
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.487-496
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    • 2021
  • This study examines the environmental performance of firms in Vietnam and its determinants. The contribution of the paper is on both theoretical and empirical aspects. On the theoretical matter, the research proposes a new index measuring environmental management at the firm level, namely the Environmental Management Index with a clear illustration for the case of Vietnam. On the empirical matter, the study points out and estimates determinants of the corporate environmental performance of Vietnamese firms measured by the newly proposed index. Due to data availability and the impossibility of getting more updated data, the empirical analysis covers only the period from 2004-2009. However, findings are still meaningful because, on the one hand, it provides some evidence for Vietnamese policymakers; on the other hand, with the robust methodology proposed, when more recent data are available, researchers can easily replicate the estimation for more insights. Empirical results show that factors having positive impacts on the environmental performance of Vietnamese firms are profit, capital stock, and interestingly public pressure proxied by the population of the province where the firm is located. Firm ownership does also matter in explaining the corporate environmental performance of Vietnam.

Envisaging Macroeconomics Antecedent Effect on Stock Market Return in India

  • Sivarethinamohan, R;ASAAD, Zeravan Abdulmuhsen;MARANE, Bayar Mohamed Rasheed;Sujatha, S
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.311-324
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    • 2021
  • Investors have increasingly become interested in macroeconomic antecedents in order to better understand the investment environment and estimate the scope of profitable investment in equity markets. This study endeavors to examine the interdependency between the macroeconomic antecedents (international oil price (COP), Domestic gold price (GP), Rupee-dollar exchange rates (ER), Real interest rates (RIR), consumer price indices (CPI)), and the BSE Sensex and Nifty 50 index return. The data is converted into a natural logarithm for keeping it normal as well as for reducing the problem of heteroscedasticity. Monthly time series data from January 1992 to July 2019 is extracted from the Reserve Bank of India database with the application of financial Econometrics. Breusch-Godfrey serial correlation LM test for removal of autocorrelation, Breusch-Pagan-Godfrey test for removal of heteroscedasticity, Cointegration test and VECM test for testing cointegration between macroeconomic factors and market returns,] are employed to fit regression model. The Indian market returns are stable and positive but show intense volatility. When the series is stationary after the first difference, heteroskedasticity and serial correlation are not present. Different forecast accuracy measures point out macroeconomics can forecast future market returns of the Indian stock market. The step-by-step econometric tests show the long-run affiliation among macroeconomic antecedents.