• Title/Summary/Keyword: New Normal Period

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The Role of Intellectual Capital in the Development of Financial Technology in the New Normal Period in Indonesia

  • HARIYONO, Anwar;TJAHJADI, Bambang
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.217-224
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    • 2021
  • This research seeks to determine what intellectual capital represented by indicators of conceptual skills, human skills, and technical skills plays a role in the development of financial technology. The consideration of fintech is more practical and economical. The concept of fintech is related to the rapid development of global technology by creating various new technologies, especially computer technology. This research uses secondary data; the population of this study is the top management companies in Indonesia during the new normal era. The sample in this research used a purposive sampling method, and the quantitative method. The results of this research indicate that the intellectual capital variable represented by conceptual skills has a significant positive role in the development of financial technology in the new normal era. This research posits that intellectual capital also has a role in the development of financial technology in the new normal. This is because the new normal period represents currently a new challenge in responding to the economic crisis that is resulting from Covid-19 pandemic around the world. Therefore, new concepts, new humanity, and new techniques are needed to develop financial technology, so that they can exist and encourage economic growth in this Covid-19 pandemic era.

Measuring COVID-19 Effects on World and National Stock Market Returns

  • KHANTHAVIT, Anya
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.1-13
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    • 2021
  • Previous studies have found the significant adverse effects of coronavirus disease 2019 (COVID-19) on stock returns and volatility. The effects varied with the confirmed cases and deaths. However, the extent of the effects have never been measured exactly. This study proposes a measurement model for the COVID-19 effects. In the proposed model, stock returns in the COVID-19 period are weighted averages of pre-COVID-19 normal returns and COVID-19-induced returns. The effects are measured by the contributing weights of the COVID-19-induced returns. Kalman filtering is used to estimate the model for the world and Chinese markets, in combination with 10 markets - five most affected countries (United States, India, Brazil, Russia, and France) and five best recovering countries (Hong Kong, Australia, Singapore, Thailand, and South Korea). The sample returns are daily, obtained from the closing Morgan Stanley global investable market indexes. The full period is from September 24, 2018, to October 30, 2020, whereas the COVID-19 period is from November 18, 2019, to October 30, 2020. The contributing weights are significant and close to 100% for all markets. The COVID-19-induced returns replace the pre-COVID-19 normal returns; they are negatively auto-correlated and highly volatile. The COVID-19-induced returns are new normal returns in the COVID-19 period.

New PWM Technique for Two-Phase Brushless DC Motor Drives

  • Lin, Hai;Kwon, Byung-Il
    • Journal of Electrical Engineering and Technology
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    • v.8 no.5
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    • pp.1107-1115
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    • 2013
  • A new PWM technique for a two-phase BLDC motor fed by a two-phase eight-switch inverter is proposed in this paper. It is well known that a two-phase eight-switch inverter can significantly improve power output compared with a two-phase six-switch inverter in a two-phase motor drive. To drive the two-phase BLDC motor simply and effectively, two normal PWM strategies are investigated to manage speed regulation. However, under the conditions of low speed and light load, especially during the braking process, the current in a short time of one period is near zero, which is a discontinuous waveform every half period. To solve it, a novel PWM technique is investigated to improve the operational performance of normal technique. Using the new PWM scheme, the current continues every half period and the braking performance is improved. The effectiveness of the proposed PWM method is verified through the experiments.

Features and Implications of 'New Northeast Phenomenon' in China's New Normal Period (中国经济新常态下的 '新东北现象': 特征与含意)

  • Yoo, Eunha
    • Analyses & Alternatives
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    • v.6 no.1
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    • pp.259-282
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    • 2022
  • This article examines features and implications of 'new northeast phenomenon' in China's new normal period. Different from previous studies with economy as a single factor, this paper regards the northeast phenomenon as not an single economic phenomenon but a compound socio economic phenomenon that economic, demographic and financial issues are linked together. This study finds that since 2014 decline of economic growth, deepening of population decline and brain drain, accelerated aging, the increase in fiscal deficit and a surge in social security spending, these phenomena occur simultaneously and influence each other, forming a vicious cycle in northeast China, and also finds that the difficulty of 'new northeast phenomenon' lies in this compound features. If so, what are the implications of 'new northeast phenomenon's' these features for China as a whole? This study proposes two points. First, based on the recent changes in some relevant situations in China, northeast region can be regarded as a microcosm of China, northeast phenomenon is likely to spread to other regions of China in the near future, it will become a common phenomenon all over China. Second, the emergence of the 'new northeast phenomenon' in the new normal period requires deep reflection and rethinking about the fundamental effect of the regional development strategies, such as 'The Development of the Western Region', 'The Rise of Central China', 'The revitalization of the Northeast', implemented since the reform and development. The 'new northeast phenomenon' has become one of the most urgent problems to be solved by the Chinese government, if the solution is successful, it can be a very useful direction for reconstructing regional development strategies in contemporary China.

A New Estimator for Seasonal Autoregressive Process

  • So, Beong-Soo
    • Journal of the Korean Statistical Society
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    • v.30 no.1
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    • pp.31-39
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    • 2001
  • For estimating parameters of possibly nonlinear and/or non-stationary seasonal autoregressive(AR) processes, we introduce a new instrumental variable method which use the direction vector of the regressors in the same period as an instrument. On the basis of the new estimator, we propose new seasonal random walk tests whose limiting null distributions are standard normal regardless of the period of seasonality and types of mean adjustments. Monte-Carlo simulation shows that he powers of he proposed tests are better than those of the tests based on ordinary least squares estimator(OLSE).

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Studies on Early Protein Undernutrition of Rats (유유기백서서(乳幼期白鼠)의 단백질부족(蛋白質不足)에 관(關)한 영양학적(營養學的) 연구(硏究))

  • Yu, Jong-Yull
    • Journal of Nutrition and Health
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    • v.2 no.4
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    • pp.113-125
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    • 1969
  • These experiments were designed to study the influence of early protein undernutrition on growth, behaviors toward food, general attitude toward a new environment, brain size and body composition of the experimental rats. The following experimental groups were studied. Lactation period (3 weeks) (Diets of mother rats) 25% Casein diet 12% Casein diet 25% Casein diet 25% Casein diet 12% Casein diet 12% Casein diet After-weaning protein deprivation period None deprivation (25% Casein diet) None deprivation (25% Casein diet) 5% Casein diet (4 weeks) 5% Casein diet (8 weeks) 5% Casein diet (4 weeks) 5% Casein diet (8 weeks) After a long period of rehabilitation with 25% casein diet the following results were obtained. 1. Growth rate during lactation period is closely related with the protein levels of the diet for mother rats. The average body weight of offsprings of the mother rat fed 25% casein diet is 46.0 grams at 21 days old. However, that of the mother rat fed 12% casein diet is only 25.0 grams. 2. The group of protein undernutrition during lactation (S weeks) (offsprings of mother rat fed low protein diet, 12% casein diet) could never catch up with the normal group in its growth even after twenty-four (24) weeks of rehabilitation. 3. However, the groups of protein undernutrition during either four (4) or even eight (8) weeks after weaning could catch up with the normal group in their growth after long period of rehabilitation. 4. The absolute amounts of carcass protein and fat of the normal group are larger than those of the protein deficient groups. In terms of percent carcass, however, the normal group showed higher body fat and lower body protein than the early deficient groups. However, there is no difference between preweaning (3 weeks) and postweaning (8 weeks) deficient groups. It is assumed, from these differences in body composition, that there might be any differences in physiological and metabolic functions among these various groups, and also that the basic formation of various metabolic regulators (protein-nature) might be fixed mostly during lactation and postweaning period. 5. The groups of protein undernutrition during either three (3) weeks lactation or four (4) weeks after weaning are not so remarkably different from the normal group in their amounts of food intake and spillage. However, the groups of undernutrition during either eight (8) weeks postweaning or eleven (11) weeks (3 weeks lactation period plus 8 weeks postweaning period) showed higher amounts of food intake and spillage. In these respects, it seems that desire for food is closely related with the degree of early hunger in protein and also seems that the longer be deficient in early life the more food spillage is found. 6. Both preweaning and postweaning deficient groups showed generally nervous and restless. The normal group is staid and showed less mobilities. 7. The average size of the brains of the group subjected to protein deficiency during three (3) weeks lactation period is smaller than that of the group of the eight (8) weeks postweaning deficiency. This means that the development of the brain is made mostly during lactation period. The group of the eleven (11) weeks postnatal deficiency is significantly different from the normal group in its brain development. It is assumed, in connection with the results of various maze tests reported, that the brain size is closely related with the intellectual ability.

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A New Emergency-Handling Mechanism based on IEEE 802.15.4 for Health-Monitoring Applications

  • Ranjit, Jay Shree;Pudasaini, Subodh;Shin, Seokjoo
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.8 no.2
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    • pp.406-423
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    • 2014
  • The recent advances in wireless communication systems and semiconductor technologies are paving the way for new applications over wireless sensor networks. Health-monitoring application (HMA) is one such emerging technology that is focused on sensing and reporting human vital signs through the communication network comprising sensor devices in the vicinity of the human body. The sensed vital signs can be divided into two categories based on the importance and the frequency of occurrence: occasional emergency signs and regular normal signs. The occasional emergency signs are critical, so they have to be delivered by the specified deadlines, whereas the regular normal signs are non-critical and are only required to be delivered with best effort. Handling the occasional emergency sign is one of the most important attributes in HMA because a human life may depend on correct handling of the situation. That is why the underlying network protocol suite for HMA should ensure that the emergency signs will be reported in a timely manner. However, HMA based on IEEE 802.15.4 might not be able to do so owing to the lack of an appropriate emergency-handling mechanism. Hence, in this paper, we propose a new emergency-handling mechanism to reduce the emergency reporting delay in IEEE 802.15.4 through the modified superframe structure. A fraction of an inactive period is modified into three new periods called the emergency reporting period, emergency beacon period, and emergency transmission period, which are used opportunistically only for immediate emergency reporting and reliable data transmission. Extensive simulation is performed to evaluate the performance of the proposed scheme. The results reveal that the proposed scheme achieves improved latency and higher emergency packets delivery ratio compared with the conventional IEEE 802.15.4 MAC.

EXISTENCE OF PERIODIC SOLUTIONS WITH PRESCRIBED MINIMAL PERIOD FOR A FOURTH ORDER NONLINEAR DIFFERENCE SYSTEM

  • LIU, XIA;ZHOU, TAO;SHI, HAIPING
    • Journal of applied mathematics & informatics
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    • v.36 no.5_6
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    • pp.491-504
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    • 2018
  • In this article, we consider a fourth order nonlinear difference system. By making use of the critical point theory, we obtain some new existence theorems of at least one periodic solution with minimal period. Our main approach used in this article is the variational technique and the Saddle Point Theorem.

A study on the mathematical model of an influenza system control (인플루엔자 류행 관리의 수학적 모델화)

  • 정형환;박상희
    • 전기의세계
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    • v.30 no.3
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    • pp.167-171
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    • 1981
  • In this paper, the mathematical model of influenza derived by the state space method induced a new model by using normal distribution curve of incubation period and researched the effect of vaccination. The important results are as follows. (1) A new model represents accurate spread curve. (2) The standard deviation period in Korea is about 1.5 degree. (3) The number of carries of influenza since put in practice to the vaccination 20% is reduced by average 9.8% degree, the period of spread increase 4 days degree. (4) The vaccination at early put in operation was far surperior and the period of spread grow longer more or less. (5) In the first stage of an attack of disease a case increase since reducing. (6) The number of carries at night is reduced by average 5.468% than in the daytime.

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Development of the Forest Road Cut-slope Rehabilitation Techniques Using Gabion Systems with Vegetation Base Materials (식생기반재 돌망태를 이용한 임도비탈면 복원기술 개발)

  • Park, Jae-Hyeon;Jeong, Yong-Ho;Choi, Hyung-Tae
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.11 no.5
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    • pp.92-103
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    • 2008
  • Development of new approaches to achieve naturally good ecological potential of forest road cut-slope by making the best use of advantages of gabion systems with vegetation base materials to prevent slope failure and erosion, in the area with highly erodible soil. As a result on the type analysis of gabion systems already installed in road cut-slopes, gabion systems were generally established to prevent slope failure. Existing gabion systems can be divided into monolithic and modular system and can be divided into ten subtypes according to the purpose of establishment and combination of other measures. As a result on the monitoring of erosion amount from forest road cut-slopes in the test applications, the order of erosion amount from largest to smallest is as follows : the curved road cut-slope site where normal gabion system was established ($7,911cm^3$); the control site ($7,632cm^3$); the straight road cut-slope site where normal gabion system was established ($7,301cm^3$); the curved road cut-slope site where the new gabion system was established ($5,684cm^3$); and the straight road cut-slope site where the new gabion system ($5,325cm^3$). Therefore, the result shows that the new gabion system is more effective than the normal gabion system to reduce erosion amount from forest ! road cut-slopes. During the study period, vegetation coverages of the straight and curved road cut-slope site where the new gabion system was established were about 45% and about 36%, so average vegetation coverage of the sites where the new gabion systems was established was higher than the sites where the normal gabion systems was established. Therefore, it was concluded that the new gabion system can be more effective for cut-slope revegetation.