• Title/Summary/Keyword: Ordinary Least Square

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The Relationships between Educational Investment as a Human Capital Formation and the National Economic Growth: Focusing on non-English-Speaking OECD Countries (인적자본형성으로서의 교육투자와 경제성장과의 관계 : OECD 비영어권 국가들을 중심으로)

  • Kim, Seon-Jae;Lee, Young-Hwa;Im, Kwang-Hyuk
    • The Journal of the Korea Contents Association
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    • v.10 no.3
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    • pp.315-325
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    • 2010
  • The issues on education as a human capital formation in recent years have been focused for all of the countries with emerging of the knowledge-based economy. The present study compared and analyzed the relationships between the educational investment and national economic growth of ten non-English-speaking OECD countries during 1970-2008, using Ordinary Least Square (OLS) and Seemingly Unrelated Regression Estimation (SURE) as the main analytical methods. Findings indicate that educational investment, R&D investment, and fertility rate were statistically significant in the estimation of the variables related to the human capital formation, and these elements had also positive influence on the national economic growth. The most salient factor was the fertility rate, and the R&D investment and educational investment appeared as the next factors in the national economic growth. In particular, the dimensions in the coefficient of the fertility rate showed 1.8 times of the R&D and 3.5 times of the educational investment, respectively. These results imply that educational investment, R&D investment, and the policies which promote fertility rate should be taken into account for the continuous economic growth of each country.

An Empirical Study on Ssuccessful Crowdfunding (크라우드펀딩 성공을 위한 실증분석)

  • Choi, Sukwoong;Lee, Doo Yeon;Kim, Wonjoon;Kang, Jae Won
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.12 no.2
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    • pp.55-63
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    • 2017
  • Crowdfunding recently receives a great deal of attentions as an alternative finance for small and medium-sized enterprises or business ventures that suffer from financial constraints. Crowdfunding is a new form of platform that enables a large number of people to invest a small amount of money for promising new business items directly. We analyzed the effect of type, period, method of projects on crowdfunding outcomes. We measure the outcome in terms of the ratio of the collected to the target amount. We collected data from three Korean crowdfunding platform companies, and the data consisted of 239 projects from 2012 to 2014. We use both logit and ordinary least square method for evaluation. Generally, the amount of target itself has no effect on the outcome. Equity crowdfunding shows higher success rate and better outcome than rewards crowdfunding. All or Nothing method leads to the higher ratio of the collected to the target amount than Keep It All. There is an inverted U-shape between the number of investors and the ratio of the collected to the target amount. Finally, the ratio of the collected to the target amount is decreasing in a crowdfunding period.

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Analysis of the Characteristics of Subway Influence Areas Using a Geographically Weighted Regression Model (지리가중회귀모델을 이용한 역세권 공간구조 특성 분석)

  • Sim, Jun-Seok;Kim, Ho-Yong;Nam, Kwang-Woo;Lee, Sung-Ho
    • Journal of the Korean Association of Geographic Information Studies
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    • v.16 no.1
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    • pp.67-79
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    • 2013
  • For the sake of the Transit-Oriented Development that has been prominent recently, an analysis of the spatial structures of transit centers, above all, should be carried out at a local level. This study, thus, analyzes the spatial structures of subway influence areas by applying a Geographically Weighted Regression (GWR) model to individual parcels. As a result of the validity analysis of the model, it has turned out that the subway influence areas have different characteristics respectively, and there is spatial heterogeneity even in the same single area. Also, the result of the comparison among models has proved that the GWR model is more adequate than the Ordinary Least Square (OLS) model and $R^2$ has been also increased in the GWR model. Then, the results have been mapped by means of the GIS, which have made it possible to understand the spatial structures at a local level. If the Transit-Oriented Development is fulfilled in consideration of the spatial structural characteristics of the subway influence areas drawn respectively from the model analysis, it will be helpful in adopting effective policies.

Regional Variation in the Incidence of Diabetes-Related Lower Limb Amputations and Its Relationship with the Regional Factors (당뇨병 합병증으로 인한 하지 절단율의 지역적 변이 및 지역 특성 요인과의 관계 분석)

  • Won, Sung Hun;Kim, Jahyung;Chun, Dong-Il;Yi, Young;Park, Suyeon;Jung, Kwang-Young;Park, Gun-Hyun;Cho, Jaeho
    • Journal of Korean Foot and Ankle Society
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    • v.23 no.3
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    • pp.121-130
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    • 2019
  • Purpose: To investigate the spatial distribution of diabetes-related lower limb amputations and analyze the relationship between the spatial distribution of diabetes-related lower limb amputations and regional factors. Materials and Methods: This study was performed based on the data from the Korean Health Insurance Review and Assessment Service, in 2016. The unit of analysis was the administrative districts of city·gun·gu. The dependent variable was the age- and sex-adjusted incidence of diabetes-related lower limb amputations and the regional variables were selected to represent two aspects: socioeconomic factors, and health and medical factors. Along with traditional ordinary least square (OLS) regression analysis, geographically weighted regression (GWR) was applied for spatial analysis. Results: The age- and sex-adjusted incidence of diabetes-related lower limb amputation varied according to region. OLS regression showed that the incidence of diabetes-related lower limb amputation had significant relationships with the health and medical factors (number of healthcare institution and doctors per 100,000 population). In GWR, the effects of regional factors were not consistent. Conclusion: The spatial distribution of the incidence of diabetes-related lower limb amputations and the effects of regional factors varied according to the regions. The regional characteristics should be considered when establishing health policy related to diabetic foot care.

The effect of temperature on the electricity demand: An empirical investigation (기온이 전력수요에 미치는 영향 분석)

  • Kim, Hye-min;Kim, In-gyum;Park, Ki-Jun;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.24 no.2
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    • pp.167-173
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    • 2015
  • This paper attempts to estimate the electricity demand function in Korea with quarterly data of average temperature, GDP and electricity price over the period 2005-2013. We apply lagged dependent variable model and ordinary least square method as a robust approach to estimating the parameters of the electricity demand function. The results show that short-run price and income elasticities of the electricity demand are estimated to be -0.569 and 0.631, respectively. They are statistically significant at the 1% level. Moreover, long-run income and price elasticities are estimated to be 1.589 and -1.433, respectively Both of results reveal that the demand for electricity is price- and income-elastic in the long-run. The relationship between electricity consumption and temperature is supported by many of references as a U-shaped relationship, and the base temperature of electricity demand is about $15.2^{\circ}C$. It is shown that power of explanation and goodness-of-fit statistics are improved in the use of the lagged dependent variable model rather than conventional model.

The Effect of the Urban and Architectural Form Factors on Pedestrian Volume (미시공간에서 도시·건축형태요소가 보행량에 미치는 영향)

  • Lee, Gunwon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.10
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    • pp.310-318
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    • 2016
  • This study examined the correlation between microscopic factors and pedestrian volume in an urban environment, focusing on the microscopic factors that stimulate the pedestrian volume, such as density, diversity, network structure, accessibility, and the form of lots and buildings. In particular, factors already known to boost the pedestrian volume include density, diversity and accessibility, which are three variables strongly related to the concept of the 3Ds (Density, Diversity, Design) proposed by Cervero and Kockelman (1997) and the additional 2Ds (Distance to Transit, Destination Accessibility) suggested by Ewing et al. (2008). The analysis in this study was based on the 2010 survey of the floating population in Seoul, particularly on the data from Jongro-gu and Jung-gu in Gangbuk area. Data were established by analyzing the microscopic factors within a 500m radius around each of the 1,028 spots from which the pedestrian volume in Jongro-gu and Jung-gu was measured. The analysis showed that density, diversity and accessibility, three factors that were already known to be effective in increasing pedestrian volume, also have the same effect in Jongro-gu and Jung-gu.

Spatial Econometrics Analysis of Fire Occurrence According to Type of Facilities (시설물 유형에 따른 화재 발생의 공간 계량 분석)

  • Seo, Min Song;Yoo, Hwan Hee
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.37 no.3
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    • pp.129-141
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    • 2019
  • In recent years, fast growing cities in Korea are showing signs of being vulnerable to more disasters as their population and facilities increase and intensify. In particular, fire is one of the most common disasters in Korea's cities, along with traffic accidents. Therefore, in this study, we analyze what type of factors affect the fire that threatens urban people. Fire data were acquired for 10 years, from 2007 to 2017, in Jinju, Korea. Spatial distribution pattern of fire occurrence in Jinju was assessed through the spatial autocorrelation analysis. First, spatial autocorrelation analysis was carried out to grasp the spatial distribution pattern of fire occurrence in Jinju city. In addition, correlation and multiple regression analysis were used to confirm spatial dependency and abnormality among factors. Based on this, OLS (Ordinary Least Square) regression analysis was performed using space weighting considering fire location and spatial location of each facility. As a result, First, LISA (Local Indicator of Spatial Association) analysis of the occurrence of fire in Jinju shows that the most central commercial area are fire department, industrial area, and residential area. Second, the OLS regression model was analyzed by applying spatial weighting, focusing on the most derived factors of multiple regression analysis, by integrating population and social variables and physical variables. As a result, the second kind of neighborhood living facility showed the highest correlation with the fire occurrence, followed by the following in the order of single house, sales facility, first type of neighborhood living facility, and number of households. The results of this study are expected to be useful for analyzing the fire occurrence factors of each facility in urban areas and establishing fire safety measures.

Correlation between Urban Green Areas and Outdoor Crime Rates - A Case Study of Austin, Texas - (도시녹지와 옥외범죄율 간의 상관관계 연구 - 텍사스 오스틴 지역을 중심으로 -)

  • Kim, Young-Jae
    • Journal of the Korean Institute of Landscape Architecture
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    • v.47 no.1
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    • pp.49-56
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    • 2019
  • Urban green spaces have been contributing to the improvement of environmental, mental, and physical health for humans. In addition, recent studies showed the potential role of vegetation in reducing the amount of crime in inner-city neighborhoods at the micro-scale level. However, little is known about the positive role of urban green areas in improving urban safety at the regional level. The purpose of this study is to examine the relationship between urban green areas and actual outdoor crime rates, while also considering socio-demographic factors. The study area is the city of Austin, Texas, USA, which consists of 506 block groups. This study utilized socio-demographic factors based on U.S. Census data and vegetation-related factors utilizing GIS and ENVI software. For analyses, the analysis of variance (ANOVA) and an ordinary least square (OLS) regression were utilized. The results from ANOVA showed that yearly crime rates per acre for areas having 0%~25% trees in their neighborhoods were 0.46% and 1.05% higher than those of having 25%~50% and >50% trees in the neighborhoods, respectively. The results from the OLS regression represented that income, NDVI and park rates in neighborhoods were negatively associated with the crime rate per acre, whereas the percentage of minorities and the percentage of teenage school dropouts were positively associated with the crime rate per acre. This study implies that urban green areas may help to improve the safety of urban areas.

Revisiting the Role of Imported Inputs in Asian Economies

  • Woocheol Lee
    • Journal of Korea Trade
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    • v.27 no.5
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    • pp.113-136
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    • 2023
  • Purpose - Global production chains and their impacts on economic growth have drawn extensive attention from researchers. Close relationships among global production chains, export and economic growth have been illuminated, as evidenced by the fast and stable economic growth of East Asian economies. These economies perform various roles within global production chains using offshoring, in which the impact of import on domestic gross output is as strong as that of export. The impact of import on economic growth would depend on whether imported inputs substitute or complement domestic inputs production, which is likely to vary according to individual countries' functions within global production chains. The economic growth of concerned countries would also be diverse. However, little attention has been paid to the impact brought by imports compared to its significance. Design/methodology - The principal methodology used in this paper is structural decomposition analysis (SDA), widely chosen to elucidate the impact of various factors on domestic gross output using input-output tables. This paper extracts trade data of six Asian economies from the World Input-Output Database (WIOD) 2016 release that covers 43 countries for the period 2000-2014. The extracted data is then categorised into 37 sectors. First, this paper calculates the Feenstra-Hanson Offshoring Index (OSI) of each country. It then applies SDA to measure the changes in each economy's gross output, export, import input coefficients, and domestic input coefficients. Finally, after taking the first difference from pooled time-series data, it estimates the correlations between imported input coefficients and OSI using the ordinary least square (OLS) method. Findings - The main findings of this paper can be summarised as follows. Firstly, all six countries have increasingly engaged in global production chains, as evidenced by the growing size of OSI. Secondly, there are negative correlations in five countries except Japan, with sectoral differences. Thirdly, changes in import input coefficients are not negative in all six countries, indicating that offshoring does not necessarily substitute for domestic inputs production but does complement it and, therefore, fosters their economic growth. This is observed in China, Indonesia, Korea and Taiwan. Offshoring has led to an increase in the use of imported inputs, which has, in turn, stimulated domestic inputs production in these countries. Originality/value - While existing studies focus on the role of export in evaluating the impact of participating global production chains, this paper explicitly examines the unexplored impact of import on domestic gross output by considering both the substitution and the complementary effect, using the WIOD. The findings of this paper suggest that Asian economies have achieved fast and stable economic growth not only through successful export management but also through effective import management within global production chains. This paper recommends that the Korean government and enterprises carefully choose offshoring strategies to minimise disruption to domestic production chains or foster them.

Research on the Effect of the Control Methods of Irrigation Water on the Growth and Yield of Paddy Rice. (한발기에 있어서 용수관리 방법이 수도생육과 그 수량에 미치는 영향에 관한 연구)

  • 김시원
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.13 no.1
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    • pp.2177-2190
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    • 1971
  • This experiment was made to determienthe effect of various soil moisture contents in simulated drought conditions on different stages of rice growth. The drought conditions were developed at such three rice-growing stages as transplanting, immediately after transplanting and young ear forming. Three different lengths of drought periods, which are ten days, twenty days and thirty days, were applied for each growing stage of rice. The rice variety used this experiment is Nong-rim 29. This experiment was conducted at the university farm of the Kon-Kuk University during the period of $1968{\sim}1970$. Three reprications for each of 12 treatments and split plot design were employed in this study. Bottomless wood square boxes, $1^m{\times}1^m{\times}1^m$, were burried in the test plot and box top was covered with poloyethylene sheets to avoid natural rainfall drops. Standard plots were irrigated continuously with a water depth of 40mm/day and those of drought treatments were irrigated continuously up to the beginning of the planned drought period, and they were irrigated again with a depth of 40mm/day up to the maturing stage of rice. Other methods for rice raising followed those methods developed by the Field Crops Experiment Station of the Office of Rural Development. During this experiments, climatic conditions in regard to rainfalls, sunshine hours, and temperatures were observed. According to this observation, those values measured deviate slightly from the annual means. However the growing condition of rice plants were normal. The pH value of irritation water is nearly neutral, and soils in the test plots are relatively fertile, being similar to ordinary paddy soils. Analysis of variances for number of stalks, plan-height, ear sprouting date, length of stalks, ear length, number of ears per plant, fertility, grain weitght, weight of plant, and yield were carried out. The variances for plant height, ear sprouting date, length of stalk ear length, and yield has statistical significance under drought treatments applied at three different growing stages. The variance showing the effect of lengths of drought period is highly significant for all the treatments studied except that of grain weight. The interaction between drought periods and drought treatments at different growing stages is significant for plant height, stalk length, ear length, number of ears, fertility and yield, these results indicated that droughts at different growing stages have influence on plant height, ear length, yield, and length of drought period also has strong influence on all factors studied except grain weight. The combination of drought treatments at different rice growing stages and lengths of drought periods has different effects on various agronomic characteristics, including yield. Plant height under drought treatment practiced at transplanting stage is the lowest, and drought treatment applied immediately after transplanting resulted in the least number of stalks. The effect of different lengths of drought periods on plant height and number of stalks depends signis ficantly on increasing days of drought. Ear sprouting date tends to be delayed for one or two days undedrought treatments at transplanting period and with increasing days of drought. Better yield is secured in drought treatment applied immediately after transplanting. Adverse effect war observed when drought treatment was applied at ear forming period. These effects may be attributed to the alternation of irrigation and drought causing vigorous root activity. In general, yield linearly decreases as the length of the drought period increases. The results obtained in this study demonstrate that, in order to mimimize damage due to drought, and, to save irrigation water, paddy fields, immediately after transplanting, may be not irrigated, since there is sufficient moisture in the soil, and that sufficient irrigation water should be applied again in the ear forming stage of rice plant.

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