• 제목/요약/키워드: Empirical power

검색결과 947건 처리시간 0.023초

The Estimation of the Closed Form in NKPC Inflation Model: Focusing on the Korean Manufacturing Industries (1975-2010)

  • Bae, Joo Han;Kang, Joo Hoon;Hong, Seonghyi;Yoon, Ayoung
    • 한국산업정보학회논문지
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    • 제19권3호
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    • pp.75-85
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    • 2014
  • This paper is to develop and estimate a closed form inflation model using the estimates for real marginal costs in manufacturing industries during the sample period 1975-2010. The production function in manufacturing industry incorporates labor, capital, domestic material, and foreign material, assuming constant returns to scale technology and AR(1) process of technological coefficient. We derive real marginal costs from firm's cost minimization with quarterly data and provide new evidences on the new Keynesian Phillips curve for Korea. The main empirical result is that the closed form coefficients ${\delta}_1$ and ${\delta}^{-1}_2$ in manufacturing for PPI inflation proved to be 0.5086 and 0.8779 respectively, similar to the estimates in the U.S. case. These results also are consistent with the functional relationship between the coefficients in hybrid model and its closed form. Thus the paper suggests that the empirical studies on inflation dynamics need to focus on the manufacturing industry with market power, treating PPI inflation as the dependent variable.

Trade Structural Analysis of the Steel Distribution Industry between Japan and USA

  • Noh, Hyun-Soo;Kim, Yung-Keun;Lee, Jae-Sung
    • 유통과학연구
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    • 제12권11호
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    • pp.35-43
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    • 2014
  • Purpose - This study evaluates the mutual influential power regarding the trade volumes of Japan and USA, based on a literature review and an empirical analysis. Through the literature review, I could evaluate each country's actual import-export volume and its status. Further, I could evaluate how each country could influence its trade outcome, through empirical analysis. Research design, data, and methodology - This study aims to review the trade structure to improve Japan-USA economic and social cooperation, as the two countries have reciprocal complementary features, and to examine trade weaknesses and analyze factors influencing trade and its direction, as well as to identify ways to expand trade. Results - The intra-economic potential cooperation fields are numerous. Additionally, anticipated profits from these fields are stable as compared to other fields in the regional economic integration. Conclusion - The interrelations between the two economic identities can provide optimal opportunities for industrial technology cooperation. Under the current aggravated competition in industrial fields, it is advisable to identify ways to secure stable resource suppliers, including the development of export markets.

A Study on the Distribution of Information and High Technology Clusters : Kazakhstan's Experience

  • Kireyeva, Anel A.;Abilkayir, Nazerke A.;Tsoy, Alexandr A.
    • 유통과학연구
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    • 제16권4호
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    • pp.5-15
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    • 2018
  • Purpose - This study aims to identify of prospective areas for the formation of information and high technology clusters, and propose the new distribution of Kazakhstan's regions according to the innovative development and the ability to perceive IT products. Research design, data, and methodology - The application of scientific methods in this research will allow to systematize the available data, from both a theoretical and empirical perspective. In addition, the authors proposed methodological approaches, which have a three-tiered gradation: macro-level, meso-level and micro-level. Results - This study confirms the importance of using of proposed methods and its application for real data in order to the formation of IT and high technology clusters. Further, the obtained results allowed identifying of the distribution of Kazakhstan's regions by innovative development and specialization with using of HHI indexes. Conclusions - According to the results of this theoretical and empirical study proved that distribution of the regions of Kazakhstan and results of HHI indexes shows the power of the agglomeration effect. In addition, according to the conducted survey, we conclude that in Kazakhstan there are sufficient organizational and economic opportunities, trends and conditions for the formation of IT and high technology clusters.

Air-Water Countercurrent Flow Limitation in a Horizontal Pipe Connected to an Inclined Riser

  • Kang, Seong-Kwon;Chu, In-Cheol;No, Hee-Cheon;Chun, Moon-Hyun;Sung, Chang-Kyung
    • Nuclear Engineering and Technology
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    • 제31권6호
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    • pp.548-560
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    • 1999
  • An experimental investigation has been peformed to examine the effects of various geometrical parameters and an initial operating condition on the air-water countercurrent How limitation (CCFL) in a simulated PWR hot leg. A total of 118 experimental data for the onset of CCFL and zero liquid penetration were obtained for various combinations of test parameters. It was observe that the CCFL can be classified into three different categories: (the onset of CCFL, (the partial liquid delivery, and (r) the zero liquid penetration. The observed mechanisms of the onset of CCFL were different depending on the inlet water flow rate. The parametric effects of pipe diameter, horizontal pipe length, horizontal pipe length-to-diameter (L/D) ratio, and initial water level in the horizontal pipe of the test section on the onset of air-water CCFL were also examined. An empirical correlation for the onset of CCFL in a horizontal pipe connected to an inclined riser was developed in terms of Wallis flooding parameters for the low inlet water flow rate region. Comparisons of the present empirical correlation with the air-water CCFL data of large pipe diameters show that the present correlation agrees more closely with the experimental data than the existing CCFL correlations.

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SEM에서 위계모형을 이용한 다중공선성 문제 극복방안 연구 : 소셜커머스의 재구매의도 영향요인을 중심으로 (Exploring a Way to Overcome Multicollinearity Problems by Using Hierarchical Construct Model in Structural Equation Model)

  • 권순동
    • Journal of Information Technology Applications and Management
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    • 제22권2호
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    • pp.149-169
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    • 2015
  • This study tried to find out how to overcome multicollinearity problems in the structural equation model by creating a hierarchical construct model about the repurchase intention of social commerce. This study selected, as independent variables, price, quality, service, and social influence, based on literature review about social commerce, and then, as detailed variables of independent variables, selected system quality, information quality, transaction safety, order fulfillment and after-sales service, communication, subjective norms, and reputation. As results of empirical analysis about hierarchical construct model, all the independent variables were accepted having a significant impact on repurchase intention of social commerce. Next, this study analyzed the competition model that eight independent variables of price, system quality, information quality, transaction safety, order fulfillment and after-sales service, communication, subjective norm, and reputation directly influence the repurchase intention of social commerce. As results of empirical analysis, system quality, information quality, transaction safety, communication appeared to be insignificant. This study showed that hierarchical construct model is useful to overcome the multicollinearity problem in structural equational model and to increase explanatory power.

상관계수에 대한 검정법 비교 (A Comparative Study on Tests of Correlation)

  • 조현주;송명언;정동명;송재기
    • Journal of the Korean Data and Information Science Society
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    • 제7권2호
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    • pp.235-245
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    • 1996
  • 확률변수 (X,Y)가 이변량 정규분포를 따르는 경우, 모상관계수 ${\rho}$에 관한 여러 가설들 중에서 $H_{0}:{\rho}={\rho}_{0}$인 경우에는 알려진 분포를 이용한 통계적 추론을 하기가 어렵다. 이러한 경우 Fisher에 의해 제안된 Z-변환을 이용한 근사적 검정법이 사용되어 오고 있으나 근사적인 방법이기 때문에 주어진 표본의 크기가 충분히 많지 않은 경우에는 적용에 무리가 있을 수 있다. 그래서 본 논문에서는 먼저 표본 상관계수 R의 분포를 모의실험을 통하여 직접 구하여 검정한 정확 검정법과, 붙스트랩(bootstrap) 방법을 이용하여 구한 붙스트랩 검정법을 제시하고, Fisher의 방법의 효율성과 실제성을 검토하고 제시된 방법들과 서로 비교하고자 한다.

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Field monitoring of boundary layer wind characteristics in urban area

  • Li, Q.S.;Zhi, Lunhai;Hu, Fei
    • Wind and Structures
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    • 제12권6호
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    • pp.553-574
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    • 2009
  • This paper presents statistical analysis results of wind speed and atmospheric turbulence data measured from more than 30 anemometers installed at 15 different height levels on 325 m high Beijing Meteorological Tower and is primarily intended to provide useful information on boundary layer wind characteristics for wind-resistant design of tall buildings and high-rise structures. Profiles of mean wind speed are presented based on the field measurements and are compared with empirical models' predictions. Relevant parameters of atmospheric boundary layer at urban terrain are determined from the measured wind speed profiles. Furthermore, wind velocity data in longitudinal, lateral and vertical directions, which were recorded from an ultrasonic anemometer during windstorms, are analyzed and discussed. Atmospheric turbulence information such as turbulence intensity, gust factor, turbulence integral length scale and power spectral densities of the three-dimensional fluctuating wind velocity are presented and used to evaluate the adequacy of existing theoretical and empirical models. The objective of this study is to investigate the profiles of mean wind speed and atmospheric turbulence characteristics over a typical urban area.

African women's hairstyles as communication media - A comparison between young and old women's hairstyles -

  • Lorraine, Kindavyi;Suk, Kwon Young
    • 복식문화연구
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    • 제23권6호
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    • pp.1051-1060
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    • 2015
  • The purpose of this study is to examine the different communication messages behind African women's hairstyles, and to compare young and old African women's hairstyles. The contents of this research are: the hairstyle as communication media, the types of African women's hairstyles, and the difference between young and old women's hairstyles. We used a review of literature and an empirical study as the research methods for this study. For the literature review, we used papers on African hairstyles, and we linked hairstyles to corresponding communication. For the empirical study, we took a database of 240 pictures (120 pictures of young women and 120 pictures of old women) from websites related to African hairstyles and we analyzed the pictures to differentiate between young and old African women's hairstyles. The results of this study reveal that African women's hairstyles express messages of power, ceremony, and status and identification communication. Within the 240 pictures, we found out which hairstyles are preferred by young and old women. Young African women prefer long, straight hairstyles and artificial hair (wigs), while old women keep short, natural hairstyles. The result of this research will be useful for understanding African women's hairstyles as well as contribute to the field of hair design.

The Impact of the Bank Regulation and Supervision on the Efficiency of Islamic Banks

  • MOHD NOOR, Nor Halida Haziaton;BAKRI, Mohammed Hariri;WAN YUSOF, Wan Yusrol Rizal;MOHD NOOR, Nor Raihana Asmar;ZAINAL, Nurazilah
    • The Journal of Asian Finance, Economics and Business
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    • 제7권11호
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    • pp.747-757
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    • 2020
  • This study investigates the impact of bank regulation and supervision on the efficiency of banking sectors on 108 Islamic banks from 26 countries offering Islamic banking and finance products and services. The technical efficiencies of individual Islamic banks have been analyzed using the data envelopment analysis method (DEA). The ordinary least square estimation method is employed to examine the impact of country supervision and regulation on the technical efficiency of Islamic banks. The empirical findings suggest that supervisory power, activity restrictions and private monitoring positively influence the efficiency of Islamic banks. The study revealed that Islamic banks that are operating in Middle East and North Africa (MENA) and middle-income countries are more technically efficient given the less stringent rules on capital requirement and we found that there is statistically significant evidence that higher capital requirements are negatively associated with the efficiency of Islamic banks. The empirical findings of this study are expected to help policy-makers and government officials to better understand how their decisions affect the performance.

국내 주요 수산물 수입시장의 통합정도 : 냉동명태, 냉동낙지, 냉동갈치 시장을 중심으로 (Empirical Evidence on the Integration of Major Fishery Product Import Markets in South Korea: Focus on Frozen Pollock, Frozen Long Arm Octopus, and Frozen Hairtail)

  • 임은선;김기수
    • 수산경영론집
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    • 제46권3호
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    • pp.31-49
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    • 2015
  • This study examines whether or not the South Korean major fishery product import markets; Frozen Pollock, Frozen Long Arm Octopus, and Frozen Hairtail are integrated. We are utilizing the Multivariate and Bivariate Johansen Co-integration test to see if the law of one price(LOP) holds in each market or not. The empirical results show that even though import prices from different countries affect each other in each South Korean major fishery product import market, there is no evidence of LOP in any fishery product import market, which means that none of the markets are integrated. Based on these results, we could expect that the three major fishery product import markets show monopolistic competition among import countries. we would also see whether or not any country plays the role of a price leader in any of the markets. Based on weak exogeneity test results, we might expect that the United States and Malaysia are price leaders in the South Korean Frozen Pollock Import Market and Frozen Long Arm Octopus Import Market, respectively; however, we need to study more on this in the future.