• Journal of Korea Trade
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• v.25 no.7
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• pp.41-55
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• 2021

Purpose - This paper empirically investigates the relationship between the Economic Complexity Index (ECI) and the level of development. Moreover, this research attempts to discover the determinants of ECI in the globalization wave. Design/methodology - Our empirical model considers the relationship between ECI and the level of development in middle- and high-income economies from 1995 to 2010 by using systemic qualitative analysis, including OLS, fixed-effects, and system GMM. Next, this research used OLS regression to find the determinants of ECI. In particular, we compared the effects of different factors on ECI in the different development stages. Findings - Our main findings can be summarized as follows: 1. If the ECI increases by 1, it could lead to an increase of about 30% in the level of development in middle- and high-income economies. 2. Human capital plays an important role in the development of and increase in ECI. 3. GVC participation and outflow FDI enhance an increase in ECI, in particular in middle-income economies. 4. The development of manufacturing industries is helpful to increase ECI; however, middle-income economies should pay more attention to their comparative advantage industries. 5. R&D has positive effects on the ECI. Originality/value - To the best of our knowledge, this is the first paper that uses systemic qualitative analysis to investigate the relationship between ECI and the level of development. The paper provides suggestions for policy makers to increase ECI under the current wave of globalization, in particular in middle-income economies.

• Journal of agricultural medicine and community health
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• v.49 no.1
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• pp.59-70
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• 2024

Objectives: This research analyzed and compared housing transaction prices and depression rates according to housing types before and after the COVID-19 pandemic. Methods: Data on housing transaction prices and depression rates from 2018 to 2022 in 25 districts of Seoul, South Korea, were utilized. Dummy variables were employed to account for potential confounders influencing the relationship between the variables. Statistical analysis was conducted using R, and the relationship between depression rates and housing transaction prices was examined through Ordinary Least Squares (OLS) and panel data regression analysis. Results: The results of OLS and one-way random effects models indicated a significant relationship between apartment (p<.05) and officetel (p<.001) transaction prices and depression. However, detached/semi-detached and row/townhouse transaction prices did not exhibit a significant relationship with depression. Conclusion: It was observed that as apartment and officetel transaction prices increased in Seoul before and after the COVID-19 pandemic, depression rates also increased. Considering that changes in housing prices by housing type in South Korea may impact the mental health of local residents, it is deemed necessary to consider healthy housing and housing prices as comprehensive determinants of mental health.

• International Journal of Advanced Culture Technology
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• v.9 no.3
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• pp.74-80
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• 2021

This study is to examine the determinants of tourists' revisit intention focusing on behavioral and psychological factors. Many studies have found physical conditions affecting tourists' intention to revisit. The study examines the determinants of tourist's revisit intention in terms of tourists' psychological and behavioral elements such as satisfaction and motivation. The data used for the statistical analyses were from a survey targeting people living in Daegu and Pusan metropolitan cities and some cities of Gyeongsangbuk-do and Gyeongsangnam-do provinces in Korea. The study employs regression analysis to investigate the effect of satisfaction and motivations on tourists' revisit intention. As the results of OLS regression analysis, satisfaction, push and pull motivation are predictors of tourists' revisit intention. It shows that tourists' psychological and behavioral factors have a significant impact on tourists' revisit intention. The study suggests the implications for enhancing tourists' revisit intention by motivating tourists' psychological and behavioral needs.

• Journal of Korean Society for Quality Management
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• v.44 no.3
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• pp.677-688
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• 2016

Purpose: In this study, we examine the effects of circulatory diseases mortality in South Korea 2005-2013 using the air pollution index, Methods: We cluster the region of high risk mortality by SaTScan$^{TM}$9.3.1 and compare this result with the regional distribution of air pollution. We use the Geographically Weighted Regression (GWR) to consider the spatial heterogeneity of data collected by administrative district in order to estimate the model. As GWR is spatial analysis techniques utilizing the spatial information, regression model estimated for each region on the assumption that regression coefficients are different by region. Results: As a result of estimating model of the collected air pollution index, circulatory diseases mortality data combined with the spatial information, GWR was found to solve the problem of spatial autocorrelation and increase the fit of the model than OLS regression model. Conclusion: GWR is used to select the air pollution affecting the disease each year, the K-means cluster analysis discover the characteristics of the distribution of air pollution by region.

• Journal of Environmental Impact Assessment
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• v.23 no.1
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• pp.39-50
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• 2014

In recent years, the frequency and scale of the natural disasters are growing rapidly due to the global climate change. In case of the urban flooding, high-density of population and infrastructure has caused the more intensive damages. In this study, we analyzed the spatial characteristics of urban flooding damage factors using GWR(Geographically Weighted Regression) for effective disaster prevention and then, classified the causes of the flood damage by spatial characteristics. The damage factors applied consists of natural variables such as the poor drainage area, the distance from the river, elevation and slope, and anthropogenic variables such as the impervious surface area, urbanized area, and infrastructure area, which are selected by literature review. This study carried out the comparative analysis between OLS(Ordinary Least Square) and GWR model for identifying spatial non-stationarity and spatial autocorrelation, and in the results, GWR model has higher explanation power than OLS model. As a result, it appears that there are some differences between each of the flood damage areas depending on the variables. We conclude that the establishment of disaster prevention plan for urban flooding area should reflect the spatial characteristics of the damaged areas. This study provides an improved understandings of the causes of urban flood damages, which can be diverse according to their own spatial characteristics.

• Korea Trade Review
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• v.47 no.2
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• pp.69-88
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• 2022

This paper aims to predict Busan's regional product and employment using the logistic regression models and machine learning models. The following are the main findings of the empirical analysis. First, the OLS regression model shows that the main industries such as electricity and electronics, machine and transport, and finance and insurance affect the Busan's income positively. Second, the binomial logistic regression models show that the Busan's strategic industries such as the future transport machinery, life-care, and smart marine industries contribute on the Busan's income in large order. Third, the multinomial logistic regression models show that the Korea's main industries such as the precise machinery, transport equipment, and machinery influence the Busan's economy positively. And Korea's exports and the depreciation can affect Busan's economy more positively at the higher employment level. Fourth, the voting ensemble model show the higher predictive power than artificial neural network model and support vector machine models. Furthermore, the gradient boosting model and the random forest show the higher predictive power than the voting model in large order.

• Journal of Korea Port Economic Association
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• v.35 no.1
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• pp.57-76
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• 2019

This study deals with the determinants of employment productivity of transportation labor, who are the main agents of the transportation industry that has made significant contributions to our country's industrial development. The study selected the determinants of employment productivity using the Korea Labor and Income Panel Study data, and analyzed the effects of various factors using panel logistic regression, panel OLS model, and panel robust regression. The results were as follows. First, a more positive effect was shown when employees held a regular job, had a "high level of education", "joining the labor union" and "experiencing vocational training". Second, in the case of job security, having a "high level of education" and "joining the labor union" showed a more positive effect; further, job security was higher for employees who worked in a "big company" or were "married". Third, in the case of higher income productivity, higher values of "age", "academic ability" and "company size" had a more positive effect, whereas larger values of "education" and "health condition except job training" had a negative one. Fourth, in the case of job satisfaction, "female", "joining the labor union" and having a higher "income" or "job security" led to higher satisfaction and a better "health condition compared to an average person". Further, a higher "overall life satisfaction" and "economic level" led to lower job satisfaction. The analysis of the determinants of employment productivity of transportation business and seeking for improvement plan is expected to improve the employment productivity in the transportation business.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.6
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• pp.379-385
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• 2020

The effect of research and development (R&D) expenditure on firm output is an interesting topic, but hardly explored in developing countries due to the unavailability of data. This study investigates this topic in the context of Vietnam by utilizing a novel dataset of 343 firms listed on the Vietnam Stock Exchange in the 2010-2018 period. The effect of R&D expenditure is examined under the production function framework. In order to obtain the robustness of the quantitative results, we estimate the production function with two coherent techniques including the OLS and 2-SLS. An instrumental variable regression technique is adopted to avoid the endogeneity problem between R&D expenditure and other variables. In our empirical analysis, we find that R&D expenditure has a positive and significant impact on output growth. The finding is robust in both OLS and 2-SLS frameworks. Besides, the output elasticity to R&D expenditure of our result is much higher than the estimated elasticity of other countries. The results imply that a 1% increase in R&D expenditure in Vietnam will help to expand the output more than a 1% increase in R&D investment in other countries. The findings from our paper provide important implications for firm managers, investors, and policymakers in Vietnam.

• The Journal of Asian Finance, Economics and Business
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• v.5 no.2
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• pp.15-24
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• 2018

The study examines the magnitude of economic spillover and the impact of foreign direct investment (FDI) inflows on the efficiency of the bank industry in China. This study employs unit root tests, cointegration tests and cointegrating regression analysis, including fully modified ordinary least squares (FMOLS), canonical cointegrating regression (CCR) and dynamic OLS (DOLS) to test the proposed hypotheses. The sample is restricted to the period of time in which monthly data is available and comparable among variables for the period from January 2002 to October 2013 (142 observations). All of the time series data was collected and retrieved from the People's Bank of China, China Monthly Statistics from the National Bureau of Statistics of China, and International Financial Statistics database from International Monetary Fund. The results of the Johansen cointegration test suggest that there is a long-run equilibrium relationship between FDI inflows, foreign exchange rate and banks performance in China. The results of cointegrating regression analysis using FMOLS, CCR and DOLS suggest that M2 supply and FDI inflows are significant at the 0.01 level. The results confirm that FDI inflows in the banking sector are positively related to the increase of banks productivity and performance and short-term loans in China. However, the results suggest that Chinese Yuan currency exchange rate to U.S. dollar is not significant in the banking and financial industry of China.

• Proceedings of the Korea Water Resources Association Conference
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• 2021.06a
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• pp.393-393
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• 2021

도시화는 도시 호우 유출 발생으로 인한 수질 악화를 초래했고 문제를 해결하기 위해 본 연구에서는 보다 정확한 설계를 위해 그린인프라(Green Infrastructure, GI)의 구조적 특성과 수문학적인 특성을 이용해 어떤 인자들이 설계에 필요한지 상관관계를 통해 분석하였다. GI의 종류 중 저류지와 저류연못의 총부유사량(Total Suspended Solids, TSS)와 총인 (Total Phosphorous, TP)의 유입수, 유출수, 비점오염원 농도, 수문학적인 특성 그리고 GI의 구조적 특성을 Ordinary Least Squares regression(OLS)과 Multi Linear Regression(MLR) 방법을 적용하였다. GI의 구조적인 특성은 한 BMP마다 달라지지 않으나 호우사상의 데이터 개수에 의한 편향이 있을 수 있다. 이런 문제를 해결하기 위해 일정한 범위를 가지고 무작위로 데이터를 추출하는 방법과 이상치를 제외하는 방법을 사용하여 모델에 적용하였다. 이러한 OLS와 MLR 모델들의 정확도를 PBIAS(Percent Bias), NSE(Nash-Sutcliffe efficiency), RSR(RMSE-observations standard deviation ratio)을 통해 분석할 수 있다. 연구 결과 유입수의 비점오염원의 농도뿐만 아니라 수문학적 특성과 GI의 구조적 특성이 함께 들어갈 시 더 좋은 상관관계를 가지고 있음을 알 수 있다. 저류지가 저류연못보다 모델의 성능평가 면에서 좋은 값을 가지고 있지만 특성별 상관관계는 저류연못이 더 뚜렷한 결과를 보여준다.