• 한국지역사회생활과학회지
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• 제28권4호
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• pp.599-611
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• 2017

The purpose of this study is to investigate the effect of increased debt on the incidence of domestic violence over the two-year interval 2014-2016. To investigate Korean low-income households with economic hardships, we analyzed the 9th and the 11th waves of the Korea Welfare Panel Study, which is jointly sponsored by the Korea Institute for Health and Social Affairs and the Institute of Social welfare, Seoul National University. The study analysis was based on data from 2,786 households with less than 60% of median income. The main study findings are as follows. First, increases in economic hardships incur domestic violence for low-income households, while increases in low-interest debt decrease the incidence of the domestic violence when controlling for economic hardships. All other things being equal, economic hardship works as a stressor and low-interest debt works as an alleviator influencing domestic violence. Second, when low-income households are experiencing economic hardships, low-interest debt fails to work as an alleviator. Under this circumstance, high-interest debt actually acts as a stressor influencing domestic violence. Thus, we can speculate that use of debt under economic hardships will occur domestic violence for low-income households. This study differs from previous studies in that it examines the effect of increase in debt on the incidence of the domestic violence across different types of debt: low interest, high interest, and credit card. We can conclude that debt can function as a stressor or an alleviator for low-income households, depending on the interest rate and the households' financial situation.

• The Journal of Asian Finance, Economics and Business
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• 제3권2호
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• pp.5-11
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• 2016

This study investigates the impact of Malaysia's capital market and other key determinants on Economic Growth from the period of 1988 to 2012. The key determinants studied are foreign direct investment and real interest rate. This study also examines the long run and short run relationship between the economic growth and capital market, foreign direct investment, and real interest rate by using bound testing cointegration of Autoregressive Distributed Lag (ARDL) and Error Correction Model (ECM) version of ARDL model. The empirical results of the study suggest that there is long- run cointegration among the capital market, foreign direct investment, real Interest rate and economic growth. The result also suggests that capital market and real interest rate have positive impact on economic growth in the short run and long run. Foreign direct investment does not show positive impact on economic growth in the short run but it does in the long run.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.127-135
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• 2020

This study aims to measure the effects of real interest rate (RIR), gross domestic savings (GDS), and net exports (EN) shocks on Indonesia's economic growth (EG). The focus on Indonesia is unique due to the abundant resources available in the nation, but they are unsuccessful in boosting economic growth. This study applied a quantitative method to comprehensively analyze the correlation between variables by employing Vector Autoregression Model (VAR) combined with Vector Error Correction Model (VECM). Various procedures are preformed: Augmented Dickey-Fuller test (ADF), Optimum Lag Test, Johansen Cointegration Test, Granger Causality Test, as well as Impulse Response Function (IRF) and Error Variance Decomposition Analysis (FEVD). The data were collected from the World Bank and the Asian Development Bank from 1986 to 2017. The findings of the study indicated that economic growth responded positively to real interest rate shocks, which implies that when the real interest rate experiences a shock (increase), the economy will be inclined to growth. While, economic growth responded negatively to gross domestic savings and net export shocks. Policymakers are expected to consider several matters, particularly the economic conditions at the time of formulating policy, so that the prediction effectiveness of a policy can be appropriately assessed.

• 산업융합연구
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• 제21권2호
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• pp.33-42
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• 2023

본 연구는 2022년 8월-9월 C시 소재 일개 대학 간호대학생 291명을 대상으로 정치적 관심, 경제적 관심, 사회문화적 관심과 간호직 유지의도와의 관계를 살펴보았다. 수집된 자료는 기술통계, t-test, ANOVA, Pearson's correlation을 사용하여 분석하였다. 연구결과 정치적 관심 3.35점(최대 5점), 경제적 관심 3.76점(최대 5점), 사회문화적 관심 4.15점(최대 5점), 간호직 유지의도 3.40점(최대 5점)이었다. 변수들 간의 상관관계에서는 정치적 관심과 사회문화적 기술의 상관계수(r=.385, p<.01)가 높았고, 경제적 관심과 전체 사회문화적 관심이 가장 상관계수(r=.534, p<.01)가 높았다. 간호직 유지의도와의 상관관계는 사회문화적 실천의지(r=.158, p<.01)와 태도(r=.131, p<.01)가 통계적으로 유의하였다. 연구결과를 바탕으로 간호직 유지의도에 영향을 미치는 변수로 정치적, 경제적, 사회문화적 관심을 포함한 반복연구와 전문 직업으로 간호직을 오랜 기간 유지할 수 있도록 사회문화적 태도와 실천의지를 포함한 체계적이기도 다채로운 교육 프로그램에 대한 추후연구를 제언한다.

• East Asian Economic Review
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• 제22권4호
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• pp.467-505
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• 2018

We propose a simple identification scheme for the causes of the violations of uncovered interest parity. Our method uses the serial dependence patterns of excess returns as a criterion for judging performance of economic models. We show that a mean reverting component in excess returns, representing a violation of uncovered interest parity, mainly contributes to generating different serial dependence patterns of excess returns: rational expectations risk premium models tend to generate negative serial dependence of excess returns, while expectational errors models tend to generate positive serial dependence.

• 한국의류산업학회지
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• 제12권5호
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• pp.683-693
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• 2010

The aim of the present study is to investigate the complex shopping behavior of clothing consumer groups classified by the level of economic shopping orientation. Using a self-administered questionnaire, 260 respondents rated their economic shopping orientation, hedonic shopping orientation, convenient shopping orientation, store selection criteria, clothing interest, gender, age, and other demographic characteristics. A total of 248 questionnaires were analyzed. The results are as follows. First, economic consumers showed more hedonic and convenient shopping orientation than uneconomic consumers. In addition, economic consumers valued various store selection criteria. These implied that economic consumers show more complex clothing shopping behavior than uneconomic consumers. Second, as the result of comparing complex shopping behavior of economic consumers and uneconomic consumers by their characteristics such as clothing interest, gender, and age, economic consumers were found to show more complex shopping behavior than uneconomic consumers regardless of the consumer characteristics. Among them, economic consumers with higher clothing interest or in adult age particularly showed more complex shopping behavior. Furthermore, economic consumers with different consumer characteristics showed quite different aspects in their complex shopping behavior. Third, uneconomic consumers showed relatively simple, impulsive, and price-apathetic shopping behavior.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.325-334
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• 2021

This study aims to investigate whether economic growth is elevated by banking industry development in Jordan. The study adopts time-series econometric methodologies, which comprise the bounds testing approach within the autoregressive distributed lag (ARDL) and the conditional causality analysis. Consistent with the assumptions of the adopted methodology, the study utilized annual time-series data for a relatively long period of thirty-nine years, between 1980 and 2018. The empirical results show that Jordan's economic growth is strongly responsive in respect to any changes in banking industry development. Also, the results reveal the harmful impact of rising lending interest rate; as this rate increases, economic growth will decrease. The findings are in line with the conceptual arguments of the supply-leading hypothesis, which confirmed that banking development is considered as one of the main pillars that have stimulating effects on economic growth. The evidence of the current study may provide important implications for policymakers and bankers. Those professionals should work to maintain a stable regulatory system that enhances the banking system function in activating economic growth. Also, a considerable focus should be placed on designing a steady interest rate policy to avoid the inherently undesirable impacts of high-interest rates on the Jordanian economy.

• 대한건축학회논문집:구조계
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• 제35권1호
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• pp.47-56
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• 2019

As the zero interest rate era was over with the end of quantitative easing, the economy of several global markets observed the fluctuations of the base interest rate. Interest rate, which is the change of money value with respect to time, is negatively correlated with construction investment. Considering the characteristics of interest rates and construction investment as economic variables, the necessity of cross-border analysis between base interest rate and construction investment was suggested in this paper. Cross-correlation analysis between base interest rates and construction investment crossing the border was performed. The effective correlations were confirmed with values varying by countries. Similar characteristics were also observed among countries with similar economy, which were then divided into three groups. Additionally, identifying the base interest rate that affects the construction investment of a particular country was made possible by reflecting a self-cycle of base interest rates. Lastly, from the result of examining the influence of each rise and fall of the interest rate, it was verified that the difference was more than twice as large in some countries. These results are expected to contribute to construction-related policy makers or investors to make decisions in response to the economic status of the construction market.

• 한국산학기술학회논문지
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• 제21권11호
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• pp.301-308
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• 2020

본 연구는 2-3년제 대학의 재학생 및 1년이내 졸업생을 대상으로 경제성향 및 경제이해도를 실증분석하였다. 분석결과 첫째, 경제성향 중 합리성은 경제과목을 수강한 학생, 경제에 대한 관심이 높은 학생, 졸업생, 성적이 높은 학생들이 상대적으로 합리성이 높은 것으로 분석되었다. 둘째, 관심도는 수강경험이 있고 주로 교과서를 통해 정보를 취득하는 것으로 분석돼 학생들의 경제 관련 관심은 교육을 통해 나타나는 것으로 보인다. 셋째, 전문대 대학생의 경제이해도는 낮은 수준을 보이는 것으로 분석되며, 수강여부와 유의하지 않은 것으로 나타났다. 경제과목을 수강한 학생들은 합리성 및 관심도가 높게 나타났으나 경제이해도를 향상시키는 요인으로 작용하진 않았다. 이는 경제 교육이 개인의 경제적 성향에는 긍정적으로 작용하나 경제이해도까지 이어지지 못하는 것으로 보이며, 학생들이 자발적으로 언론매체나 뉴스 등을 통해 경제문제에 관심을 갖고, 경제 관심이 경제이해도를 향상시키는 결과로 이어질 수 있도록 필수적인 기본개념과 현실경제를 연관시켜 교육을 제공할 필요가 있다. 경제는 어려운 과목이라는 인식을 개선시키는데 방법론적 변화가 필요하며, 수업방식에 있어 이론 중심의 교육이 아닌 현실 경제를 접목시켜 학생들이 자발적으로 언론매체나 뉴스 등을 통해 경제문제에 관심을 갖도록 유도해야 한다.

• 산업경영시스템학회지
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• 제43권3호
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• pp.1-9
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• 2020

Interest rate spreads indicate the conditions of the economy and serve as an indicator of the recession. The purpose of this study is to predict Korea's interest rate spreads using US data with long-term continuity. To this end, 27 US economic data were used, and the entire data was reduced to 5 dimensions through principal component analysis to build a dataset necessary for prediction. In the prediction model of this study, three RNN models (BasicRNN, LSTM, and GRU) predict the US interest rate spread and use the predicted results in the SVR ensemble model to predict the Korean interest rate spread. The SVR ensemble model predicted Korea's interest rate spread as RMSE 0.0658, which showed more accurate predictive power than the general ensemble model predicted as RMSE 0.0905, and showed excellent performance in terms of tendency to respond to fluctuations. In addition, improved prediction performance was confirmed through period division according to policy changes. This study presented a new way to predict interest rates and yielded better results. We predict that if you use refined data that represents the global economic situation through follow-up studies, you will be able to show higher interest rate predictions and predict economic conditions in Korea as well as other countries.