• Title/Summary/Keyword: Logit model

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Estimating Ancillary Benefits of GHG Reduction Using Contingent Valuation Method (온실가스 감축의 부수적 가치 추정)

  • Kim, Chung-Sil;Lee, Sang-Ho;Jung, Sang-Ok;Yeo, Jun-Ho;Lee, Sun-Seok
    • Journal of agriculture & life science
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    • v.44 no.3
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    • pp.89-97
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    • 2010
  • In the contingent valuation method (CVM) survey, we employed double-bounded discrete choice (DBDC) question to investigate the willingness to pay (WTP). The estimation results for the bivariate logit model show that respondents are willing to pay 329,256 won per year. The model with covariate variables suggests that the covariate effects help describe behavioral or preference tendencies. Double-bounded models increase efficiency over single dichotomous choice models, because the answers yes-no or no-yes yield clear bounds on WTP.

Financial Liberalization, Government Stability, and Currency Crises - Some Evidence from South Korea and Emerging Market Economies

  • Chiu, Eric M.P.
    • Journal of Korea Trade
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    • v.23 no.5
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    • pp.129-144
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    • 2019
  • Purpose - Recent empirical studies have reached mixed results on the effects of financial liberalization and currency crises. We argue that this relationship is likely to depend both on whether controls are primarily on the degrees of financial liberalization and on the stability of the government. Using the disaggregated data on financial liberalization recently developed by Abiad et al (2010) for a sample of 30 emerging countries over the period 1995-2015, we attempt to investigate the political economy determinants of currency crises. Design/methodology - Our empirical model considers the relationship between financial liberalization and currency crises for emerging market economies. This study employs the existing theoretical framework to identify the disaggregate level for financial liberalization across countries. Using a multivariate logit model, this study attempts to estimate the interrelationship among financial liberalization, government stability and currency crises complemented by a case study of South Korea. Findings - Our main findings can be summarized as follows: we find strong support for the proposition that more liberalized financial institutions are positively associated with the probability of currency crises especially under less stable governments, but reduce the risks of currency crises especially for more stable governments. We also examine the role of financial systems with the case of South Korea after Asian financial crises and the results are further supported and consistent with the empirical findings. Originality/value - Existing studies focus on the economic factors across countries. This paper instead attempts to evaluate the effects of financial liberalization and currency crises by incorporating political considerations with newly developed dataset on financial liberalization, which are essential to the understanding of the causes of currency crises.

Research on China's Farmland Transfer (중국의 농지유동에 관한 연구)

  • Li, Yinhua;Kim, Hanho
    • International Area Studies Review
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    • v.22 no.1
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    • pp.23-40
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    • 2018
  • In the 2000s, China has been pushing the issue of San-Nong as a national priority. Farmland transfer, one of the solutions to the problem of San-Nong, has grown rapidly over the past decade. Especially, as farmland transfer was promoted, the rural economy developed and the living standards of the farmers improved greatly. However, the rigidity of farmland transfer type, which focuses on Zhuan-Bao method, hinders farmers' willingness to relocate to farmland transfer and ultimately acts as an obstacle in promoting massive farmland transfer. The purpose of this paper is to analyze the determinants of farmland transfer types and farmland transfer prices in Chinese farmers. Based on the results of the analysis, the following implications are suggested. First, farmers should be instructed to farmland transfer in a Ru-Gu manner; Second, the contract period must be long; Third, it is necessary to prepare countermeasures for the farmland transfer by crops; Fourth, Educational programs should be built for the farmers of farmland transfer.

Poor People and Poor Health: Examining the Mediating Effect of Unmet Healthcare Needs in Korea

  • Kim, Youngsoo;Kim, Saerom;Jeong, Seungmin;Cho, Sang Guen;Hwang, Seung-sik
    • Journal of Preventive Medicine and Public Health
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    • v.52 no.1
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    • pp.51-59
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    • 2019
  • Objectives: The purpose of this study was to estimate the mediating effect of subjective unmet healthcare needs on poor health. The mediating effect of unmet needs on health outcomes was estimated. Methods: Cross-sectional research method was used to analyze Korea Health Panel data from 2011 to 2015, investigating the mediating effect for each annual dataset and lagged dependent variables. Results: The magnitude of the effect of low income on poor health and the mediating effect of unmet needs were estimated using age, sex, education level, employment status, healthcare insurance status, disability, and chronic disease as control variables and self-rated health as the dependent variable. The mediating effect of unmet needs due to financial reasons was between 14.7% to 32.9% of the total marginal effect, and 7.2% to 18.7% in lagged model. Conclusions: The fixed-effect logit model demonstrated that the existence of unmet needs raised the likelihood of poor self-rated health. However, only a small proportion of the effects of low income on health was mediated by unmet needs, and the results varied annually. Further studies are necessary to search for ways to explain the varying results in the Korea Health Panel data, as well as to consider a time series analysis of the mediating effect. The results of this study present the clear implication that even though it is crucial to address the unmet needs, but it is not enough to tackle the income related health inequalities.

Analysis of Determinants of Employment Retention Rate (고용유지율 결정요인 분석)

  • Lee, Sikyoon
    • Korean Journal of Labor Studies
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    • v.23 no.2
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    • pp.169-193
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    • 2017
  • This study analyzed the determinants that affect employment retention rate in order to diagnose dynamic employment stability in Korea. For this analysis, we constructed multi-level hierarchical data linking Workplace panel survey data and employment insurance job history data. And the determinants were analyzed using a multi-level analysis model suitable for these data. As result of the analysis, it is estimated that the employment stability is very low in Korea due to the widespread existence of the marginal sectors with low wage level and high level of nonstandard employment. In addition, the results of this analysis show that employment structure of Korea occupies considerable area of short-term employment where employment and unemployment are repeated, and overall employment stability is weak. This fact is likely to be a limiting factor for continued growth, as there is limited opportunity for skill development and skills formation at the corporate and individual levels. According to the results of this analysis, it is required to improve the quality of the employment structure for continuous growth and skill formation.

Survey and Analysis of Organic and Pesticide-Free Agricultural Products Producers on Perception of the Environment-friendly Agricultural Product Certification System (유기 및 무농약 농산물 생산자의 친환경 농산물 인증제도에 대한 인식 조사 및 분석)

  • Kim, Ha-Youn;Kang, Hae-Jung;Han, Ok-Soo
    • Korean Journal of Organic Agriculture
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    • v.30 no.2
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    • pp.207-230
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    • 2022
  • A survey on the understanding of environment-friendly certification system was conducted for certified operators. The survey included the necessity of certification system, difficulties in producing certified products, and general evaluation of the current certification system. Certified operators were generally satisfied with the certification system in terms of the certification standards, the public subsidy programs, and the farm management costs. Individuals with parallel production farms were relatively less satisfied than the group with full-time organic farmers. Analysis using the ranking probit model indicated that the longer the certification experience, the more highly aware the need for the certification system was. Our results indicated that policy strategies are needed to enlarge the marketability of environment-friendly agricultural products since economic factors of organic products were the most important factor for maintaining and expanding certification in overseas as well as in Korea. It seems to be necessary to implement economic triggers for certified operators to continue their certification programs by promoting the transition period certification for individual farms in parallel with conventional agriculture. Analysis of the variables correlated with the expansion of environment-friendly agriculture by the logit model implied that certified operators with the younger age and higher annual incomes were more likely to expand environment-friendly agriculture. Therefore, it might also be important to provide financial support and incentives for new entry farmers to participate in environment-friendly agriculture and establish a system to share the know-how of successful certified organic farmers.

Housing Characteristics of the Youth and their Determinants in Capital and Non-Capital City Regions (수도권 및 비수도권 청년층의 주거특성 및 주거특성에 미치는 영향요인 분석)

  • Hwang, Kwanghoon
    • Land and Housing Review
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    • v.13 no.3
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    • pp.21-38
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    • 2022
  • In this study, the housing-related characteristics of the youth are reviewed using data from the 4th - 14th Youth Panel Survey(YP2007) of the Korea Employment Information Service in the period 2010 - 2020. The factors that affect the characteristics of their dwelling are analysed. As a result, males, highly educated, and employed people are more likely to live in their own homes and apartments, but many of them seem to be living with their parents. On the contrary, economically independent young people tend to occupy their dwellings in the form of jeonsei/monthly rent and live in multi-family units, villas, and officetel. To support the youth in overcoming their key issues such as housing affordability, jobs, and marriage, so that they can play their roles, the cost of homeownership and rent should be tailored to their economic situations.

Modelling of Transfer Impedance of based an Express Bus Terminal use Behavior (고속버스터미널 이용자의 환승행태에 기반을 둔 환승저항 모형 구축 연구)

  • Kim, Hwang Bae;Kwon, Young Jong
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.30 no.2D
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    • pp.99-103
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    • 2010
  • It is necessary to improve transfer impedance of express bus terminal users in order to increase the usage of public transportation. This study constructed a model for calculating transfer impedance based on bodily sensational transfer time in express bus terminal and calculated transfer impedance on major express bus terminals in Korea. The study results show that the addition of 100 meter exterior walking distance increases 3 minute travel time, 100 meter interior walking distance increases 5 minute travel time, 100 stairways increase 13 minute travel time, and escalators decreases 3 minute travel time. The calculated transfer impedance based on bodily sensational transfer time in this study can be utilized as objective criteria to compare transfer conditions of different bus terminals and to prioritize them for facility improvement. The calculated transfer impedance also can be used as facility guidelines for designing a new transit center.

Modelling of Transfer Impedance of Urban Rail Station (도시철도역사의 환승저항 모형 구축 연구)

  • Kim, Hwang Bae;Choi, Jin Hee
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.30 no.1D
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    • pp.11-15
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    • 2010
  • It is necessary to improve transfer impedance of Urban Rail Station station users in order to increase the usage of public transportation. This study constructed a model for calculating transfer impedance based on bodily sensational transfer time in Urban Rail Station stations and calculated transfer impedance on major Urban Rail Station stations in Korea. The study results show that the addition of 100 meter exterior walking distance increases 2 minute travel time, 100 meter interior walking distance increases 3 minute travel time, 100 stairways increase 4 minute travel time, and escalators decreases 1 minute travel time. The calculated transfer impedance based on bodily sensational transfer time in this study can be utilized as objective criteria to compare transfer conditions of different Urban Rail Station stations and to prioritize them for facility improvement. The calculated transfer impedance also can be used as facility guidelines for designing a new transit center.

Drivers Detour Decision Factor Analysis with Combined Method of Decision Tree and Neural Network Algorithm (의사결정나무와 신경망 모형 결합에 의한 운전자 우회결정요인 분석)

  • Kang, Jin-Woong;Kum, Ki-Jung;Son, Seung-Neo
    • International Journal of Highway Engineering
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    • v.13 no.3
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    • pp.167-176
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    • 2011
  • This study's purpose is to analyse factors of determination about detouring for makinga standard model in regard of unfavorableness and uncertainty when unspecified individual recipients make a decision at the time of course detour. In order to achieve this, we surveyed SP investigation whether making a detour or not for drivers as a target who take a high way and National highway. Based on this result, we analysed detour determination factors of drivers, establishing a combination model of Decision Tree and Neural Network model. The result demonstrates the effected factors on drivers' detour determination are in ordering of the recognition of alternative routevs, reliable and frequency of using traffic information, frequency of transition routes and age. Moreover, from the outcome in comparison with an existing model and prediction through undistributed data, the rate of combination model 8.7% illustrates the most predictable way in contrast with logit model 12.8%, and Individual Model of Decision Tree 13.8% which are existed. This reveals that the analysis of drivers' detour determination factors is valid to apply. Hence, overall study considers as a practical foundation to make effective detour strategies for increasing the utility of route networking and dispersion in the volume of traffic from now on.