• 제목/요약/키워드: Elasticity of substitution

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수송부문의 연료 간 대체와 이산화탄소 배출: 바이오디젤 혼소 효과를 중심으로 (Interfuel Substitution and Carbon Dioxide Emission in the Transportation Sector: Roles of Biodiesel Blended Fuels)

  • 강효녕;서동희
    • 자원ㆍ환경경제연구
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    • 제32권1호
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    • pp.27-46
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    • 2023
  • 본 연구는 차분연료배분모형을 이용하여 수송부문에서의 연료 간 대체성을 추정하고, 연료 간 대체에 따른 이산화탄소 배출효과를 살펴본다. 분석결과를 정리하면, 첫째, 수송부문은 경유에 대한 의존도가 매우 높아 디비지아 탄력성이 가장 큰 것으로 나타났다. 둘째, 연료별 자기가격탄력성은 모두 음(-)의 값을 보였으며, 경유의 자체가격탄력성이 휘발유와 LPG에 비해 상대적으로 낮은 것으로 나타났다. 셋째, 휘발유와 경유, 휘발유와 전기, 경유와 LPG는 대체관계를 보였으며, 경유와 전기는 보완관계를 갖는 것으로 나타났다. 넷째, 연료별 대체성과 배출계수를 이용한 결과, 바이오디젤을 경유에 혼합하는 경우 이산화탄소 감축 효과가 있으나, 주로 연료별 가격 변화에 따른 연료 간 대체가 이산화탄소 배출을 결정짓는 것으로 나타났다.

우리나라 사회복지지출의 경제성과 분석: 규모의 경제와 대체탄력성을 중심으로 (Analysis on Economic Performance of Social Welfare Expenditure in Korea: Evaluated by Scale Economies and Elasticity of Substitution)

  • 이현재
    • 한국콘텐츠학회논문지
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    • 제13권12호
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    • pp.357-368
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    • 2013
  • 본 연구는 사회복지정책의 운용에 있어서 형평성뿐만 아니라 효율성에 대한 관심이 높아지고 있는 추세를 반영하여 공급측면에서의 생산구조, 즉 생산효율성, 규모의 경제 및 생산요소의 대체탄력성을 산정하여 사회복지지출이 소득증대에 미치는 영향을 분석하였다. 분석결과에 의하면 우리나라의 경우 사회복지지출이 경제성장에 긍정적으로 기여하기는 하지만 생산효율성이 낮기 때문에 사회복지지출이 경제적인 생산요소로 기능하기 위해서는 개선되어야 할 부분이 많은 것으로 분석되었다. 특히, 사회복지지출의 효율성이 주로 공공지출을 통해 달성되고, 민간지출의 효율성이 낮은 특성도 복지정책에서 고려해야 할 요인이다. 이런 현상은 민간지출의 운용체계가 공공지출의 시행체계에 비해 상대적으로 체계적이지 못한 것에 기인한 것으로 판단된다. 따라서 공공지출을 중심으로 복지정책을 수행하면서 민간부문의 사회복지 관련 운용체계를 확립하는 것이 시급하다 하겠다. 즉, 민간부문에서 단순하게 사회복지지출의 양적인 확대만을 하게 되면 생산측면으로부터 비효율성을 초래하게 될 것이다.

아밍턴 탄성치를 활용한 수입 수산물의 가격과 선호도 분석 (Price and Preference of Fisheries Imports : Utilization of Armington Elasticity)

  • 임병호
    • 무역학회지
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    • 제46권4호
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    • pp.219-234
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    • 2021
  • Armington elasticity has been a methodology for analyzing how much imports could increase in response to importing price cuts, assuming the possibility of incomplete substitution of domestic and imported products. This study calculates Armington elasticity values in Korean fisheries sector and presents an analysis method for classifying items based on price and preference differences. The model is modified reflecting the characteristics of the fisheries market along with the typical OLS, PAM, and ECM models. The result's implication is that products with a high import growth rate do not necessarily show a high Armington value, but it could be seen that price is not the only factor facilitating fisheries imports increase. Considering the items of which demand increases due to importing price cuts have an indiscriminate demand between domestic and imported products, the results could be interpreted that the Korean fisheries importing market has been easily affected by the changes in import prices. Fisheries grouping by price and preference demonstrates that explanatory variables other than price should be considered when estimating import demand.

OPTIMAL CONSUMPTION AND SLUTSKY EQUATION WITH EPSTEIN-ZIN TYPE PREFERENCE

  • Ahn, Se-Ryoong;Koo, Hyeng-Keun
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • 제16권2호
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    • pp.107-124
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    • 2012
  • In this paper we conduct comparative statics for optimal consumption and portfolio selection of an agent who has a utility function of Epstein and Zin type. We derive the Slutsky equations and decompose the total effects of changes into the substitution effects and the income effects. We identify the role of the elasticity of intertemporal substitution and the coefficient of relative risk aversion.

초월대수 비용함수 추정을 통한 IATTC 해역 원양연승어업의 생산요소 간 대체성 분석 (Substitution analysis among production factors of distant longline fisheries in IATTC waters using a translog cost function)

  • 조헌주;김도훈;김두남;이성일;이미경
    • 해양정책연구
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    • 제34권2호
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    • pp.1-28
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    • 2019
  • The purpose of this study is to analyze the substitution among production factors of Korean distant water longline fisheries in IATTC waters. In the analysis, the translog function which have one output variable of total cost and input variables of labor, fuel, fishing gear, and capital was established and it was transformed into simultaneous equations by each cost. Then, variables of equations were estimated by SUR (seemingly unrelated regression) model. Since distant water longline fisheries is a fishing type with high fuel usage, substitution of fuel with other factors was mainly analyzed. Results showed a substitute relation between fuel and labor as well as fuel and fishing gear, while a complementary relation between fuel and capital. In addition, it was analyzed that magnitude of fuel elasticity with other factors would be inelastic.

Properties of concrete incorporating granulated blast furnace slag as fine aggregate

  • Patra, Rakesh Kumar;Mukharjee, Bibhuti Bhusan
    • Advances in concrete construction
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    • 제5권5호
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    • pp.437-450
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    • 2017
  • The present work investigates about the development of a novel construction material by utilizing Granulated Blast Furnace Slag (GBS), an industrial waste product, as substitution of natural fine aggregates. For this, experimental work has been carried out to determine the influence of GBS on the properties of concrete such as compressive strength (CS), modulus of elasticity, ultrasonic pulse velocity (UPV), chloride penetration, water absorption (WA) volume of voids (VV) and density. Concrete mixes of water/cement (w/c) ratios 0.45 and 0.5, and incorporating 20%, 40% and 60% of GBS as partial replacement of natural fine aggregate (sand) are designed for this study. The results of the experimental investigation depict that CS of concrete mixes increases with the increasing percentages of GBS. Moreover, the decrease in chloride penetration, WA and VV, and improvement in the modulus of elasticity, UPV, density of concrete is reported with the increasing percentage of GBS in concrete.

고로슬래그를 사용한 고강도 부순모래 경화콘크리트의 물성에 관한 실험적 연구 (An Experimental Study on the Properties of the High Strength Crushed Sand Concrete Using Blast-Furnace Slag)

  • 최영화;김종인
    • 한국산업융합학회 논문집
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    • 제8권3호
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    • pp.169-176
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    • 2005
  • The purpose of this study is to develop the high strength crushed sand concrete in conditions of water binder ratios of 25, 30, 35% and blast-furnace slag substitutions of 0, 15, 30, 45%. Additionally, in case of water binder ratio of 30%, the maximum size of coarse aggregate is two kinds of 13, 19 mm. The conclusions of this study are as follows ; 1. The compressive strength appeared lower in early age as compared with that of plain concrete according to increasing of the blast-furnace slag substitution. But, the compressive strength was respectively 5, 6, 10% larger than that of plain concrete in case of 25, 30, 35% water binder ratios, 28 days, 30% blast-furnace slag substitution and 19mm coarse aggregate. 2. According to increasing of the blast-furnace slag substitution, the modulus of elasticity and the tensile strength of concrete increased. 3. The length change by the shrinkage increased when the larger coarse aggregate was used, and decreased according to higher blast-furnace slag substitution.

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재생굵은골재를 사용한 초유동 콘크리트의 강도 및 비파괴 특성 (Strengths and Non-destruction Properties of Super Flow Concrete Using Recycled Coarse Aggregate)

  • 성찬용
    • 한국농공학회논문집
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    • 제47권1호
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    • pp.25-32
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    • 2005
  • This study was performed to evaluate strengths and non-destruction properties of super flow concrete using recycled coarse aggregate. At the curing age of 28 days, the compressive strength was 22.7-37.5 MPa, the splitting tensile strength was $2.65\~3.73$ MPa, the flexural strength was $5.78\~6.86$ MPa, the ultrasonic pulse velocity was $3,103\~3,480$ mis, the dynamic modulus of elasticity was $3.401{\times}104\~4.521{\times}104$MPa, respectively. The strengths, ultrasonic pulse velocity and dynamic modulus of elasticity of super flow concrete were decreased with increasing the content of recycled coarse aggregate. The super flow concretes using recycled coarse aggregate were improved by substitution in the range of less than the fly ash content 30010 and recycled coarse aggregate content $75\%$.

R&D 지원제도와 기업 R&D 지출액간 관계 분석: 정부 R&D 보조금과 세제혜택을 중심으로 (An Analysis of Relationship between R&D Policies and Firm R&D Expenditures: Focused on R&D Subsidies and Tax Incentives)

  • 서규원;이창양
    • 기술혁신연구
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    • 제14권1호
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    • pp.101-118
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    • 2006
  • The relationship between R&D Polices(R&D subsidy, tax incentives) and firm R&D expenditures is analyzed through firm's profit maximization function. As a result, the relationship between R&D policies and fmn R&D expenditures is determined by the relationship between firm R&D expenditures and market price. In case of major innovation which cause the fall of market price, the elasticity R&D subsidy and firm R&D expenditures is negative(substitution). In case of minor innovation which cause the rise of market price, the elasticity R&D subsidy and firm R&D expenditures is positive(complement). Tax incentives is bring about the increase of firm R&D expenditures. R&D subsidy and tax incentives are substitutively influenced at firm R&D expenditures.

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AN OPTIMAL CONSUMPTION AND INVESTMENT PROBLEM WITH CES UTILITY AND NEGATIVE WEALTH CONSTRAINTS

  • Roh, Kum-Hwan
    • East Asian mathematical journal
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    • 제34권3호
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    • pp.331-338
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    • 2018
  • We investigate the optimal consumption and portfolio strategies of an agent who has a constant elasticity of substitution (CES) utility function under the negative wealth constraint. We use the martingale method to derive the closed-form solution, and we give some numerical implications.