• The Korean Journal of Applied Statistics
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• v.18 no.3
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• pp.503-519
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• 2005

Cointegration test is usually performed under the assumption that the cointegrating vector is constant for the whole sample period. Most previous studies have used conventional cointegration methods in testing for a stable long-run equilibrium relation among related variables. However they have overlooked that the long-run equilibrium may not the unique and the stable relation may not be guaranteed. This study develops the additional statistical tests for the stability of the estimated cointegrating vector. Three tests for the parameter stability of a cointegrated regression model are utilized and applied to identify the types of variations in the long-run relation between the domestic unemployment and the rotated macroeconomic variables of interest. The present paper finds that, there exists a stable but, time-varying long-run relation between those. The observed variation in cointegrating relations is generally characterized by a discrete one-time shift, rather than a gradually evolving random walk process which is attributable to the IMF financial and economic crisis.

• Journal of Korean Tunnelling and Underground Space Association
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• v.12 no.2
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• pp.145-155
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• 2010

Recently interest in subsea tunnels is increasing nationwide and the construction of a subsea tunnel is taking place. For the stability of such a subsea tunnel, grouting is necessary for the water barrier and reinforcement of the tunnel. In this study, therefore, it was investigated how the grouting reinforcement had an effect on the stability of a subsea tunnel located in a great depth. To this end, Hydro-mechanical coupled analyses were performed for a sensitivity analysis in terms of different grouting range, rock class, shotcrete thickness, coefficient of lateral earth pressure, grouting thickness, and pumping existence for the rock classes I, III, and V. FLAC-2D ver. 5.0 was used for the numerical analyses. It was came to the conclusion that the effect of the increased water pressure due to the water barrier of the grouting should be considered as well as the strength improved effect in designing grouting reinforcement of subsea tunnels.

• Journal of the Society of Cosmetic Scientists of Korea
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• v.39 no.1
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• pp.55-63
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• 2013

Applications of nano-emulsion for cosmetics as a means of promoting dermal absorption have been the subject of interest. In this study, the stability of nano-emulsions prepared by low-energy emulsification method and varying the composition of raw materials was investigated. By measuring the particle size of the nano-emulsion against time, the stability of nano-emulsions prepared by adding polyol to water phase was increased significantly compared with the nano-emulsions prepared by adding polyol to ethanol phase. The speed of adding ethanol phase to water phase did not have a significant impact on the particle size and stability. Depending on the type of oil, stability was not affected. However, there would be a correlation between the initial size of the nano-emulsion droplets and the molecular weight and polarity of the oil. Stability and the initial particle size according to the type of polyols showed a similar trend except 1,2 hexanediol. The initial droplet size was affected by the concentration of surfactant and oil. However, the initial droplet size did not change against time. Concentration of ethanol was observed to have a significant impact on the initial particle size and stability.

• MALSORI
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• no.57
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• pp.123-137
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• 2006

This paper aims to propose a method of detecting irregular pronunciations for Korean POI data adopting the notion of the Prosodic Word based on the Prosodic Phonology (Selkirk 1984, Nespor and Vogel 1986) and Intonational Phonology (Jun 1996). In order to show the performance of the proposed method, the detection experiment was conducted on the 250,000 POI data. When all the data were trained, 99.99% of the exceptional prosodic words were detected, which shows the stability of the system. The results show that similar ratio of exceptional prosodic words (22.4% on average) were detected on each stage where a certain amount of the training data were added. Being intended to be an example of an interdisciplinary study of linguistics and computer science, this study will, on the one hand, provide an understanding of Korean language from the phonological point of view, and, on the other hand, enable a systematic development of a multiple pronunciation lexicon for Korean TTS or ASR systems of high performance.

• Interaction and multiscale mechanics
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• v.3 no.3
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• pp.235-255
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• 2010

This paper investigates the heat equation for domains subjected to an internal source with a sharp spatial gradient. The solution is first approximated using linear finite elements, and sufficiently small time-step sizes to yield stable simulations. The main area of interest is then in the ability to approximate the solution using Generalized Finite Elements, and again explore the time-step limitations required for stable simulations. Both high order elements, as well as elements with special enrichments are used to generate solutions. When compared to linear finite elements, the high order elements deliver better accuracy at a given level of mesh refinement, but do not offer an increase in critical time-step size. When special enrichment functions are used, the solution can be approximated accurately on very coarse meshes, while yielding solutions which are both accurate and computationally efficient. The major conclusion of interest is that the significantly larger element size yields larger allowable time-step sizes while still maintaining stability of the time-stepping algorithm.

• Journal of the Korean Solar Energy Society
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• v.28 no.6
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• pp.70-77
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• 2008

The purpose of this study evaluates a feasibility and economical efficiency of new renewable energy. According as weather change is serious problem now days, every people make attention to the reduction of greenhouse gas. The revitalization of new renewable energy creates the variety of energy source, stability of energy supply and reduction of greenhouse gas. In this study evaluates a feasibility and economical efficiency from new renewable energy of various photo voltaics, wind power, small hydro and biogas. Feasibility does in standard of technical characteristic, politic support, marketability, establishment present condition and development aim. Economical efficiency does in standard of developmental unit cost, utilization factor, equipment life, politic support cost, interest ratio. The results of this study were as follows photo voltaics, wind, small hydropower, biogas in order feasibility is high. Developmental unit cost, utilization factor, equipment life, politic support cost and analyzed the relationship of interest ratio fluctuation and economical efficiency. From all new renewable energy the utilization factor most is important in economical efficiency but necessary utilization factor is difficult because environmental problem.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.11
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• pp.759-768
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• 2020

The purpose of this study is to assess the state of competition in Nepalese banking over the period from 2010 to 2019. This study employs panel data and a non-structural Panzar-Rosse model to measure the degree of competition in the Nepalese banking industry. The first reduced-form equation is applied to gauge competition, and the second model is used to test the long-run equilibrium in the banking market. The finding reveals that the Nepalese banking market is equilibrium in the long-run. It implies that the factor prices do not affect ROA in the long-run. The result of the H-statistic shows that the Nepalese banking system is operating under the state of perfect competition and is shifted from monopolistic competition to perfect competition. The reduced-form model reveals that the interest income is positive and significantly affected by factor prices. Similarly, the macroeconomic variable GDP growth is positively related to interest income. On the contrary, the bank's specific factors risk and the number of bank branches are inversely associated with the regressand. The outcomes of the study may be advantageous to the policymakers, especially to Nepal Rastra Bank to implement monetary policy and M&A policy for the stability and growth of the financial system of Nepal.

• Journal of Wellbeing Management and Applied Psychology
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• v.1 no.1
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• pp.1-13
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• 2018

It has become a request of the time that multicultural population and multicultural education have become an issue and a subject of interest in the Korean society. The numbers of foreigners and multicultural families such as international marriage families and foreign worker families living in Korea are increasing, which have resulted in a geometrical increase in the number of multicultural families' children attending school. This leads an assumption that discrimination in terms of race, gender, religion, and culture can occur in school settings and the children of multicultural families are prone to become the targets of group bullying and school violence. This study first examined the current policy of multicultural education in Korea and reviewed the meanings and necessity of multicultural counseling above multicultural education. Second, this study classified and reviewed the applicability of the policy of multicultural education into multicultural education sites by groups. Third, this study selected and organized the increasing demands for multicultural counseling and assignments to effectively respond to them. Interest toward the children of multicultural families and counseling have increased with more researches on multicultural families. It will be thus necessary to accumulate more studies on multicultural counseling and ensure internal stability of multicultural-related businesses.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.885-896
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• 2021

The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. Commercial banks play an important role in mobilizing and channelizing funds for investment activities. This study analyzes the impact of the key financial variables on the net profit of the selected commercial banks in Oman. The study employs times series panel data - cross-sectional analysis of the key financials of five leading commercial banks for a period of 13 years from 2007 to 2019. The results reveal that the correlation matrix of the selected variables has a positive relationship with net profit, assets, deposits, loans, and interest income. However, the findings also shows a negative relationship between net profit and net loans to total deposits ratio. The study found net loans is the main independent variable that influences the profitability of the banks since the key source of revenue comes from the lending operations. The assets, total capital adequacy ratio have a mixed effect on the profitability of commercial banks. The total deposits and capital adequacy ratio have a negative effect on profitability mainly because excessive liquidity will increase the cost of capital and reduce the return on investment. Focusing on lending operations with a sound credit portfolio will improve profitability.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.8
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• pp.325-334
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• 2021

The study investigates the effectiveness of the macroprudential policy on credit growth in Vietnam. The authors use the logic of the transmission mechanism of macroprudential policy on credit growth. Research variables include economic growth, inflation, interest rate, and quarterly bank-level data from 28 commercial banks in Vietnam during 2011-2018. The results reveal that: (i) GDP growth had a positive impact on credit growth of small banks but had no impact on large banks, (ii) Domestic Systemically Important Banks (D-SIBs) and small banks respond differently to macroprudential measures of imposing different credit growth targets for different bank groups, (iii) Restrictions on foreign currency loans are found to be effective in curbing credit growth for the full sample and small banks, (iv) Inflation and economic cycle have significantly impacted credit growth at bank-level in Vietnam and (v) Interestingly, a significant positive relationship between interest rates and credit growth is found for the full sample and D-SIBs in Vietnam. The findings suggest that a stable macroeconomic environment should be good conditions for financial stability, and monetary authority should pay more attention to small banks' behaviors than D-SIBs behavior, toward such "administration" tools since small banks tend to prefer "breaking the rules" to make profits.