• Title/Summary/Keyword: Impulse-response test

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Panel Analysis of Relationship Between Regional Logistics Industry and Economic Growth in Korea (지역물류산업과 경제성장의 관계에 대한 패널분석)

  • Choi, Bong-Ho;Lee, Gi-Whan
    • Korea Trade Review
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    • v.44 no.2
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    • pp.173-188
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    • 2019
  • The purpose of this study is to investigate the causal relationship between the logistics industry and the economic growth in Korea, and to provide implications for the contribution of the logistics industry to economic growth. Unlike Previous Related Studies, we derive short-term and long-term effects through dynamic panel analysis such as panel Granger causality test and impulse response function estimation using panel vector error correction model. The results of the empirical analysis are as follows: Labor input of the logistics industry has the greatest positive impact on economic growth. And capital input and total sales of the logistics industry have a negative effect on economic growth. This means that Korea's logistics industry features labor-intensive growth. In addition, We have also found that the growth (sales) and capital input of the logistics industry have not yet had a direct positive impact on economic growth. Therefore, the results of this analysis provide implications for the direction of logistics industry policy to enhance contribution of the logistics industry to economic growth.

Impacts of the Building Permit Area Change on the Forest Products Import Quantities in Korea (건축허가면적(建築許可面積)의 변화(變化)가 임산물(林産物) 수입(輸入)에 미치는 영향(影響))

  • Kim, Dong-Jun
    • Journal of Korean Society of Forest Science
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    • v.90 no.2
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    • pp.217-226
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    • 2001
  • This study estimated the impacts of the building permit area change on the forest products import quantities in Korea. The first objective of this dissertation is to analyze whether there is any causal relationship between change in the building permit area and changes in the import quantities of forest products in Korea. Assuming that there is any causal relationship, the second objective is to evaluate the dynamics of the impacts of the building permit area change on the forest products import quantities in Korea. The relationship between the building permit area and the import quantity was represented by bivariate vector autoregressive or vector error correction model. Whether there is any causal relationship between change in the building permit area and changes in the import quantities of forest products was analyzed by the causality test of Granger. And the dynamics of the impacts of the building permit area change on the forest products import quantities were evaluated by variance decomposition analysis and impulse response analysis. The import quantity of forest products can be explained by the lagged building permit area variables and the lagged import quantity variables in Korea. Change in the building permit area causes change in the high-density fiberboard import quantity in Korea. In the bivariate model of the high-density fiberboard import quantity, after six months, the building permit area change accounts for about ten percent of variation in the import quantity, and its own change accounts for about ninety percent of variation in the import quantity. On the other hand, the impact of a shock to the building permit area is significant for about six months on the import quantity of high-density fiberboard in Korea. That is, if the building permit area change indeed had an impact on the import quantity of high-density fiberboard in Korea, it was only of a short-term nature.

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Liquidity-related Variables Impact on Housing Prices and Policy Implications (유동성 관련 변수가 주택가격에 미치는 영향 및 정책적 시사점에 관한 연구)

  • Chun, Haejung
    • Journal of the Economic Geographical Society of Korea
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    • v.15 no.4
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    • pp.585-600
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    • 2012
  • The purpose of this study related to the liquidity impact of the housing market variables using vector auto-regressive model(VAR) and empirical analysis is to derive some policy implications. October 2003 until May 2012 using monthly data for liquidity variables mortgage rates, mortgage, financial liquidity, as the composite index and nation, Seoul, Gangnam, Gangbuk, the Apartment sales prices were analyzed. Granger Causality Test Results, mortgage rates and mortgage at a bargain price two regions had a strong causal relationship. Since the impulse response analysis, Geothermal difference there, but housing price housing price itself, the most significant ongoing positive (+) reactions were liquidity-related variables are mortgage loans is large and persistent positive (+), financial liquidity weakly positive (+), mortgage interest rates are negative (-), KOSPI, the negative (-) reacted. Liquidity and housing prices that the rise can be and Gangnam in Gangbuk is greater than the factor that housing investment was confirmed empirically. Government to consider the current economic situation, while maintaining low interest rates and liquidity of the market rather than the real estate industry must ensure that activities can be embedded and local enforcement policies should be differentiated according to the policy will be able to reap significant effect.

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Impacts of the Interest Rate Change on the Forest Products Import Quantities in Korea (이자율(利子率)의 변화(變化)가 임산물수입(林産物輸入)에 미치는 영향)

  • Kim, Dong-Jun
    • Journal of Korean Society of Forest Science
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    • v.90 no.5
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    • pp.663-671
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    • 2001
  • This study estimated the impacts of the interest rate change on the forest products import quantities in Korea. The first objective is to analyze whether there is any causal relationship between change in the interest rate and changes in the import quantities of forest products in Korea. And the second objective is to evaluate the dynamics of the impacts of the interest rate change on the forest products import quantities in Korea. The relationship between the interest rate and the import quantity was represented by bivariate vector autoregressive model. Whether there is any causal relationship between change in the interest rate and changes in the import quantities of forest products was analyzed by the causality test. And the dynamics of the impacts of the interest rate change on the forest products import quantities were evaluated by variance decomposition analysis and impulse response analysis. The import quantity of forest products can be explained by the lagged interest rate variables and the lagged import quantity variables in Korea. Change in the interest rate causes change in the plywood import quantity in Korea. In the bivariate model of the plywood import quantity, after three months, the interest rate change accounts for about twenty percent of variation in the import quantity, and its own change accounts for about eighty percent of variation in the import quantity. On the other hand, the impact of a shock to the interest rate is significant for about six months on the import quantity of plywood in Korea. That is, if the interest rate change had an impact on the import quantity of plywood in Korea, it was only of a short-term nature.

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The Behavioral Analysis of the Trading Volumes of Gwangyang Port: Comparison with Incheon and Pyeongtaek-Dangjin Port (광양항의 물동량 행태분석: 인천항, 평택.당진항과 비교)

  • Mo, Soowon
    • Journal of Korea Port Economic Association
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    • v.28 no.3
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    • pp.111-125
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    • 2012
  • This study investigates the behavioral characteristic difference of the container volumes of three ports-Gwangyang, Incheon, and Pyeongtaek-Dangjin. All series span the period January 2003 to December 2011. I first test whether the series are stationary or not. I can reject the null hypothesis of a unit root in each of the level variables and of a unit root for the residuals from the cointegration at the 5 percent significance level. I hitherto make use of error-correction model and find that Gwangyang port is the slowest in adjusting the short-run disequilibrium, whereas the adjustment speed of Incheon is much faster than that of Gwangyang. The impulse response functions indicate that container volumes increase only a little to the negative shocks in exchange rate, while they respond positively to the shocks in the business activity in a great magnitude and decay very slowly to its pre-shock level. meaning that the shocks last very long. The accumulative response to the exchange rate increase of 20 won per dollar and the 5 point industrial production increase is the smallest in Gwangyang, no more than a half of that of two ports. The intervention-ARIMA models also forecast that Gwangyang port will have much lower growth rate than Incheon and Pyeongtaek-Dangjin port in trading volumes.

Headphone-based multi-channel 3D sound generation using HRTF (HRTF를 이용한 헤드폰 기반의 다채널 입체음향 생성)

  • Kim Siho;Kim Kyunghoon;Bae Keunsung;Choi Songin;Park Manho
    • Journal of the Institute of Electronics Engineers of Korea SP
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    • v.42 no.1
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    • pp.71-77
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    • 2005
  • In this paper we implement a headphone-based 5.1 channel 3-dimensional (3D) sound generation system using HRTF (Head Related Transfer Function). Each mono sound source in the 5.1 channel signal is localized on its virtual location by binaural filtering with corresponding HRTFs, and reverberation effect is added for spatialization. To reduce the computational burden, we reduce the number of taps in the HRTF impulse response and model the early reverberation effect with several tens of impulses extracted from the whole impulse sequences. We modified the spectrum of HRTF by weighing the difference of front-back spec01m to reduce the front-back confusion caused by non-individualized HRTF DB. In informal listening test we can confirm that the implemented 3D sound system generates live and rich 3D sound compared with simple stereo or 2 channel down mixing.

Computational Study on the Hemodynamics of Cardiovascular System Including Short-term Auto-regulation Functions (단기적 자율조절기능을 포함하는 심혈관계 혈류역학 모델링에 관한 수치적 연구)

  • 심은보;정찬일;최한고
    • Journal of Biomedical Engineering Research
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    • v.22 no.5
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    • pp.393-402
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    • 2001
  • A computational model representative of cardiovascular circulation was built using 12 standard lumped compartments. Especially, both the baroreceptor reflex and the cardiopulmonary reflex control model were implemented to explain the auto-regulation of cardiovascular system. Another important aspect of this model is to utilize the impulse-response curve of the nerve system in transferring the impulse error signals to autonomous nerve system. For the verification of this model, we have computed the normal hemodynamic conditions and compared those with the clinical data. Then. hemodynamic shock of 20% hemorrhage to cardiovascular system was simulated to test the effects of the control system model. The results of these two simulations were well matched with the experimental ones. The steady state LBNP simulation was also performed. The transient changes of hemodynamic variables due to ramp increase of bias pressure of LBNP showed good agreement with the physiological experiments. Numerical solution using only the baroreflex model showed relatively a larger deviation from the experimental data. compared with the one using the control model haying both the baroreflex and the cardiopulmonary reflex systems, which shows an important role of the cardiopulmonary reflex system for the simulation of the hemodynamic behavior of the cardiovascular system .

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Constraints for the Design of Room Reverberation Filter by Using 5-DOF Reverberation Model (5자유도 잔향 모델을 이용한 실내 잔향 필터 설계를 위한 조건)

  • 김소희;김양한
    • The Journal of the Acoustical Society of Korea
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    • v.20 no.2
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    • pp.58-65
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    • 2001
  • Recently, a 5-degrees-of-freedom (DOF) reverberation model was proposed as a method of representing subjective perception of reverberation as objective measures[1]. This model approximates sound energy decay curve by five objective measures, widely used in which have been concert hall acoustics. However, it is note worthy that there can be infinite number of impulse responses which correspond to a selected 5-DOF reverberation model. There may exist some filters making very unnatural and unrealistic sound. In this paper, the limitation of the 5-DOF reverberation model when it is used as a filter design criteria is investigated. When a 5-DOF reverberation model is given, additional constraints to get natural reverberation are suggested. This is based on the listening tests for several quite different source sounds.

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Acoustic Characteristics of Watermelon According to Impact Conditions (타격조건에 따른 수박의 음파특성)

  • 최동수;최규홍;이영희;이강진;김만수
    • Journal of Biosystems Engineering
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    • v.27 no.1
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    • pp.67-76
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    • 2002
  • This study was conducted to investigate the effects of impact conditions on the acoustic characteristics of a watermelon. The study was crucial to develop a device for nondestructive internal quality evaluation of a watermelon by an acoustic impulse response method. An impact device was constructed with a pendulum to hit the watermelon, a microphone to detect the acoustic impulse responses, and a digital oscilloscope and computer to store and analyze the data. The selected samples were Guemcheon cultivar watermelons(Citrulus Vulgaris Schrad) harvested on Oct. 20,1998. Sixty watermelons were tested on flour different types of sample holders, with four kinds of ball made of different materials, at four bevels of the angular position of the pendulum and distance from the watermelon to the microphone. Since the magnitudes of frequencies obtained by hitting with the steel and rubber ball were relatively small at the bandwidths of above 500 Hz, it was shown that the steel and rubber ball were not suitable far a hitting ball in the pendulum to get informations on internal quality of the watermelon. In case of using broth of the wood and acryl ball, almost the same and good acoustic responses were shown on the wide range of frequency bandwidth. Therefore, it seemed that the acryl ball was more suitable to the test than the wood ball in considering its mechanical properties. The acoustic characteristics of the watermelon were not shown a significant difference between the types of sample holder. The amplitudes of the acoustic signals and the magnitudes of frequencies from the whole samples increased with increase of the angular position of pendulum and with decrease of the distance from the watermelon to the microphone. However, the resonance resonance of the sample were almost the same regardless of the angular positions and the distances.

Protection Coordination Associated with Connection Location of Residual Current Devices and Surge Protective Devices (RCD와 SPD의 접속 위치에 따른 보호협조)

  • Lee, Bok-Hee;Park, Hee-Yeoul;Shin, Gun-Jin;Bae, Gwan-Young;Ryu, Chun-Hyoung;Lee, Kang-Hee
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.27 no.3
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    • pp.100-106
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    • 2013
  • In this paper, in order to analyze lightning impulse response characteristics in combined installations of SPDs and RCDs, surge protection coordination between SPDs and RCDs are experimentally investigated by using the combination wave generator. Six different types of single-phase residual current operated circuit-breakers with integral overcurrent protection for household and similar uses(RCBOs) being present on the domestic market are tested according to KS C IEC 61009-1 standard. As a result, when a class I SPD is located on the source side of an RCBO, all kinds of specimens are able to provide the proper coordination between the SPD and RCBOs without nuisance tripping, unintended operation or damage due to test impulse currents. However, in the case that the class II SPD is located on the load side of RCBOs, a lot of L-N mode injected currents is split into the RCBO, and a few RCBOs are damaged. Coordination between SPDs and RCDs is not valid and a role of SPDs is of no use. When combining SPDs with RCDs, it is necessary to select SPDs and RCDs in consideration of the protection voltage level of metal oxide varistor embedded in RCDs.