• Title/Summary/Keyword: Long Term Equilibrium

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The Dynamic Analysis between Environmental Quality, Energy Consumption, and Income (소득 및 에너지소비와 환경오염의 관계에 대한 분석)

  • Jung, Sukwan;Kang, Sangmok
    • Journal of Environmental Policy
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    • v.12 no.3
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    • pp.97-122
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    • 2013
  • The ARDL(Autoregressive Distributed Lag) method is employed analyzes the long-run equilibrium relationships among environmental pollution($CO_2$ emissions) per capita, income levels per capita, and energy consumption per capita. The error correction model is employed to analyze the short-term effects of income and energy consumption on $CO_2$ emissions. The Toda-Yammamoto method is employed for causal analysis among the three variables. The results show that income levels, energy consumption, and $CO_2$ emissions are cointegrated. We found the N type relationship between income and $CO_2$ emissions. Long-term elasticities of income and energy consumption with respect to $CO_2$ emission were greater than their short-term elasticities. There were a bilateral causality between energy consumption and $CO_2$ emissions. There was a unilateral causality from $CO_2$ emissions to income and from energy consumption to income not vice versa. Energy consumption can be an important variable to contribute to forecasting $CO_2$ emissions.

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Outlook of Wood Products Markets with Supply and Demand Model (수급모형을 이용한 목제품 시장 전망)

  • Lee, Sang-Min;Kim, Kyeong-Duk;Song, Seong-Hwan;Bark, Ji-Eun
    • Journal of Korean Society of Forest Science
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    • v.103 no.3
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    • pp.462-472
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    • 2014
  • This study is aimed at developing a supply-demand model of wood products, and outlook for mid-term and long-term supply and demand for each products. The main wood products include sawnwood, plywood, particle board, fiberboard (MDF), and pulp. The partial equilibrium model is composed of supply function, import demand function, demand function, price relation function. With given parameters the outlook for year 2050 says that sawnwood, plywood, and fiberboard for domestic productions and imports are decreased. This may result from the increase of log prices from the inside and outside of the country because of the propensity for environment protection and the resource nationalism. On the other hand the supply of particle board and pulp will increase because they are made from wasted wood and chips.

A Study on Key Factors Affecting Gross Regional Domestic Product (GRDP) of Korean (지역내총생산에 영향을 미치는 주요 요인에 관한 연구)

  • Ahn, Young Gyun
    • Journal of the Korean Regional Science Association
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    • v.35 no.1
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    • pp.47-57
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    • 2019
  • Daegu Metropolitan City has been continuously carrying out core functions of Yeongnam region, and especially plays a role as export base of textile and chemical products in Korea. Also Daegu Metropolitan City has contributed greatly to the expansion of Korea's import and export trade and the growth of the national economy. The purpose of this study is to analyze the influence of major factors affecting GRDP in Daegu Metropolitan City through regression analysis. For this purpose, this study uses the Vector Error Correction Model(VECM) to estimate the long-run equilibrium function that affects the GRDP in Daegu Metropolitan City. This study is meaningful in that it uses the statistics related to Daegu provided by Province of Gyeongsangbuk-do and explains the dynamic characteristics of major factors affecting the GRDP in Daegu.

Stability of a Natural Slope in Sedimentary Rocks (퇴적암 지역의 자연사면 안정성)

  • 권오일;김교원;박덕근
    • The Journal of Engineering Geology
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    • v.10 no.3
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    • pp.205-216
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    • 2000
  • An unstable natural slope located at Icheon-Ri, Dasa-Eup, Dalseong-Kun which has been severely cracked during heavy rain fall in September, 1998, was investigated and analysed for remedial measures. Various geological data were obtained by performing a surface geological survey, a ground penetrating radar(GPR) exploration, four geotechnical borings with field and laboratory tests, and the precipitation records were also reviewed. Based on the these data, the probable sliding plane was determined as a bedding plane with dip angle of 20 to 25 degrees between sandstone and shale layers at depth of 6 to 8 meters. By performing back analyses with the limit equilibrium method, the friction angle and cohesion of the sliding plane were determined as 18$^{\circ}$ and 0, respectively. Based on these results, a series of stability analyses such as stereo-graphic projection method, limiting equilibrium method and numerical method were carried out. The remedial measures for the unstable slope were selected based on the results of the limit equilibrium analyses by considering various conditions expected at the site. Ground grouting or anchoring method with proper surface drainage systems could be employed for the long term safety of the slope.

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Effect of Particle Loading on the Collection Performance of an Electret Cabin Air Filter for Submicron Particles (입자 퇴적이 승용차용 정전 필터의 미세 입자 포집 특성에 미치는 영향)

  • Ji, Jun-Ho;Gang, Seok-Hun;Hwang, Jeong-Ho;Bae, Gwi-Nam
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.26 no.8
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    • pp.1102-1114
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    • 2002
  • An electret filter is composed of permanently charged electret fibers and is widely used in applications requiring high collection efficiency and low-pressure drop. In this work, the collection efficiency of the filter media used in manufacturing cabin air filters was investigated by using poly-disperse particles when submicron particles were loaded. Long-term experiments were conducted by applying two different charging states, which were spray electrification and charge equilibrium by bipolar ionization. In order to investigate the effect of particle loading in filter media, NaCl particles were generated from 0.1% and 1% solutions by an atomizer. Liquid DOS particles were used to evaluate the effect of liquid particles on the collection efficiency of an electret filter. The results show significant effect of charge amount and size distribution of loading particles on the collection performance of a filter media in submicron region. Smaller particles loaded in electret fibers cause a more rapid degradation in collection efficiency and have lower minimum efficiency with time. The pressure drop of a filter media do rarely increase when the collection efficiency decreases to the minimum value. For the larger particles charged by spray electrification, which have charge amounts more than that of Boltzmann equilibrium charge distribution, the pressure drop of a filter media slowly increases in comparison with that of equilibrium charged particles. For DOS particles it is shown that the charging level of an electret filter severely decreases and the collection efficiency is below 10% in some particle size range.

Forecasting of Chestnut's Supply and Demand by the Partial Equilibrium Market Model (부분균형 시장모델에 의한 밤 수급 예측)

  • Jung, Byung Heon;Kim, Eui Gyeong;Joo, Rin Won
    • Journal of Korean Society of Forest Science
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    • v.97 no.4
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    • pp.458-466
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    • 2008
  • This study was carried out to forecast long-term supply and demand of chestnut and to analyze the impacts of change in the environment of domestic and international chestnut markets. For these ends, the study developed a partial equilibrium market model, in which in-shelled chestnut market was vertically linked to shelled chestnut market. To examine the predictive ability of the model for the endogenous variables ex-post simulation was run for the period 1990 through 2003. In general, all endogenous variables reproduced the historical trends during the period except for disuse areas and newly established areas. The results of forecasting supply and demand show that domestic in-shelled chestnut production is estimated to decrease slightly from 76,447 ton in 2005 to 76,286 ton in 2020 and that exports of shelled chestnut continue to be decreased.

Browning and Sorption Characteristics of Garlic Powder with Relative Humidity and Storage Temperature (상대습도와 저장온도에 따른 마늘가루의 갈변 및 흡습특성)

  • Kim, Hyun-Ku;Jo, Kil-Suk;S.Hawer, Woo-Derck;Shin, Dong-Hwa
    • Korean Journal of Food Science and Technology
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    • v.20 no.3
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    • pp.399-404
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    • 1988
  • The sorption characteristics of garlic powder stored at various relative humidities and storage temperatures were studied. At lower relative humidity below RH 51%, the sorption equilibrium was easily attained, whereas at higher relative humidity above RH 67%, the powders were browned by higher equilibrium moisture content. The powders were browned at relative humidity above 67% at $20^{\circ}C\;and\;35^{\circ}C,\;above\;84%\;at\;5^{\circ}C$, respectively. The moisture contents of monolayer value for the powder were ranged from 5.53%(DB) to 5.92% (DB) with varying temperatures. And the necessity of moistureproof packaging material suggested for the long term storage of the powder because the lower moisture content and storage temperature, the higher driving force of wetting.

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An Integrated Multicriteria Decision-Making Approach for Evaluating Nuclear Fuel Cycle Systems for Long-term Sustainability on the Basis of an Equilibrium Model: Technique for Order of Preference by Similarity to Ideal Solution, Preference Ranking Organization Method for Enrichment Evaluation, and Multiattribute Utility Theory Combined with Analytic Hierarchy Process

  • Yoon, Saerom;Choi, Sungyeol;Ko, Wonil
    • Nuclear Engineering and Technology
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    • v.49 no.1
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    • pp.148-164
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    • 2017
  • The focus on the issues surrounding spent nuclear fuel and lifetime extension of old nuclear power plants continues to grow nowadays. A transparent decision-making process to identify the best suitable nuclear fuel cycle (NFC) is considered to be the key task in the current situation. Through this study, an attempt is made to develop an equilibrium model for the NFC to calculate the material flows based on 1 TWh of electricity production, and to perform integrated multicriteria decision-making method analyses via the analytic hierarchy process technique for order of preference by similarity to ideal solution, preference ranking organization method for enrichment evaluation, and multiattribute utility theory methods. This comparative study is aimed at screening and ranking the three selected NFC options against five aspects: sustainability, environmental friendliness, economics, proliferation resistance, and technical feasibility. The selected fuel cycle options include pressurized water reactor (PWR) once-through cycle, PWR mixed oxide cycle, or pyroprocessing sodium-cooled fast reactor cycle. A sensitivity analysis was performed to prove the robustness of the results and explore the influence of criteria on the obtained ranking. As a result of the comparative analysis, the pyroprocessing sodium-cooled fast reactor cycle is determined to be the most competitive option among the NFC scenarios.

The Dynamics of Economic Growth in Underdeveloped Regions: A Case Study in Indonesia

  • JUMONO, Sapto;BASKARA, Ika;ABDURAHMAN, Abdurrahman;MALA, Chajar Matari Fath
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.643-651
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    • 2021
  • This study aims to determine the response of regional economic growth to the financial performance of regional economies in regard to the liquidity conditions, saving-investment gaps, trade openness, inflation, as well as the national economic growth. The basic logic theory of research uses the principles of open economics and financial intermediary systems. The data used in this study are secondary data, and the form of data is a quarterly time series for the period from 2008 to 2019. The data were obtained from various publications, such as the Central Statistics Agency (CSA), Regional Financial Economics Statistics (RFES), Indonesian Banking Statistics (IBS), and the Financial Services Authority (FSA). Data processing was done through VAR/VECM analysis; short-term and long-term equilibrium analyses were carried out. The results of the analysis illustrate that regional economic growth and the conditions of liquidity, saving-investment gaps, trade openness, inflation, and national economic growth are related and lead to significant impact variations in the provinces of Papua and West Papua. In conclusion, the findings of this research support the leading supply hypothesis and reformulate the strategy and policy of economic development, bearing in mind that there are still many underdeveloped districts in these two provinces.

An Empirical Study on the long-term Relationship between House Prices and Inflation in the U.S. (주택가격과 물가의 장기관련성에 관한 실증연구 : 미국을 중심으로)

  • Lee, Young Soo
    • International Area Studies Review
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    • v.14 no.3
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    • pp.246-263
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    • 2010
  • This study examines how the long-run relations between housing price and inflation in the United Sates have changed since the year of 2000. Johansen co-integration test, estimation of long-run equilibrium equation, and Granger causality tests are conducted, based on the VECM. Data covers the period from the first quarter of 1975 to the second quarter of 2010. I adopt the recursive estimation method in which the final period of the estimation is expanded by one quarter, starting from the first quarter of 2000. The empirical results are as follows: (1) In spite of the sharp increase of housing price, the long-run relationship of house prices and inflation has been remained stable until 2007, showing that house prices are a stable inflation hedge in the long run. (2) The housing price plunge since 1997 does not seem to be related to the restore of the long-run relationship between housing prices and inflation. (3) Granger causality test results support the hypothesis that inflation granger-causes housing prices with 10% significance level, but reject the hypothesis that housing price granger-causes inflation.