• Title/Summary/Keyword: Panel Data Regression Model

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A Study on the Effect of the National Pension on the Life Satisfaction of Old age (국민연금 수급이 고령자의 삶의 만족도에 미치는 영향에 관한 연구)

  • Kwon, Hyeok-chang;Lee, Eun-young
    • Korean Journal of Social Welfare Studies
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    • v.43 no.2
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    • pp.61-85
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    • 2012
  • The purpose of this study is to examine whether the national pension affects the life satisfaction of old age, using the first and third-wave data from the Korean Retirement and Income Study. The study analyzes the relationship between the national pension and life satisfaction, using several operational definitions of these two variables. This study utilizes the Difference-in-Difference(2D) models and panel data analysis. The main results are : First, the result of simple 2D shows that there is not significantly difference between the pensioner and that of non-pensioner. Second, the result of 2D regression also shows that pension is not significantly associated with life satisfaction of the old age. Lastly, the result of fixed-effect model confirms that the national pension does not have a statistically meaningful effect on the life satisfaction, controling for the unobserved characteristics of the old age. This study also conducts sensitivity analysis and discusses policy implications.

The Impact of Foreign Ownership on Capital Structure: Empirical Evidence from Listed Firms in Vietnam

  • NGUYEN, Van Diep;DUONG, Quynh Nga
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.363-370
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    • 2022
  • The study aims to probe the impact of foreign ownership on Vietnamese listed firms' capital structure. This study employs panel data of 288 non-financial firms listed on the Ho Chi Minh City stock exchange (HOSE) and Ha Noi stock exchange (HNX) in 2015-2019. In this research, we applied a Bayesian linear regression method to provide probabilistic explanations of the model uncertainty and effect of foreign ownership on the capital structure of non-financial listed enterprises in Vietnam. The findings of experimental analysis by Bayesian linear regression method through Markov chain Monte Carlo (MCMC) technique combined with Gibbs sampler suggest that foreign ownership has substantial adverse effects on the firms' capital structure. Our findings also indicate that a firm's size, age, and growth opportunities all have a strong positive and significant effect on its debt ratio. We found that the firms' profitability, tangible assets, and liquidity negatively and strongly affect firms' capital structure. Meanwhile, there is a low negative impact of dividends and inflation on the debt ratio. This research has ramifications for business managers since it improves a company's financial resources by developing a strong capital structure and considering foreign investment as a source of funding.

The Impact of Private Educational Expenditure on Adolescent Depression and Somatic Symptoms (사교육비 지출이 청소년 자녀의 우울과 신체증상에 미치는 영향)

  • Lee, Seonglim;Kim, Jinsook
    • Human Ecology Research
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    • v.60 no.2
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    • pp.289-302
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    • 2022
  • This study examined the effect of private educational expenditure on adolescent depression and somatic symptoms. The sample comprised 2,589 first-grade middle-school students who completed the 2018 Korea Children and Youth Panel Survey. Data were analyzed using ANOVA (the generalized linear model), multiple regression, and quantile regression analysis. The principal results were as follows. First, 15.15% of adolescents reported depression symptoms, and 15.57% reported somatic symptoms. Second, levels of depression were significantly different among classes with a different level of private educational expenditure. Third, depression level was significantly negatively associated with private educational expenditure, in that the higher the private educational expenditure, the lower the depression level. Fourth, the effect of private educational expenditure on adolescent depression was significant at the 70~90th quantile regression, suggesting that private educational expenditure was associated with a higher level of depression symptoms. The results indicate that private education was viewed as a consumption commodity rather than a complementary educational practice or investment in human capital. Private education as a commodity might induce the highly developed and costly private education market. In turn, there is an increased financial burden for education at one end of the social-economic continuum and depression caused by relative deprivation at the other end.

A Study on the Analysis of Management Characteristics of Coastal Port Freight Transportation Business Using Panel Regression Analysis (패널회귀분석을 이용한 내항 화물운송사업체의 경영특성 분석에 관한 연구)

  • Kim, Suk;Park, Sung-Hoon;Yang, Tae-Hyeon;Yeo, Gi-Tae
    • Journal of Digital Convergence
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    • v.17 no.3
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    • pp.79-92
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    • 2019
  • This study analyzes the effects of freight transportation income, capital, asset, non-operating expenses, and debt ratio on the debts of inner port freight transportation businesses through the GLS of panel regression analysis and the estimation of fixed effects model. The factors and hypotheses were established through a theoretical background review, and the financial statement and profit and loss data of inner port freight transportation businesses for 10 years from 2006 to 2015 were analyzed. The results showed that assets had positive effects on debts, and negative effects on capital, non-operating expenses, and debt ratio, but no effect on freight transportation income. This result empirically demonstrates the tendency of inner port freight transportation businesses to secure assets by increasing debts, creation of debt reduction leverage effect using non-operating expenses such as interest expenses through bank borrowing, and the adoption of management characteristics and financial operation method to lower the debt ratio by reducing capital more than debts. In future studies, it is necessary to analyze coastal port freight transportation business by industry (oil tankers, cargo ships, and barge ships), and regions such as East, West and South sea.

Exploration of Enterprise Innovation Sources through Patent Analysis : Comparison of High-Tech Industries and Mid-Tech Industries (특허출원을 통한 기업 기술혁신 원천분석 : 고기술산업과 중저기술산업의 비교)

  • Hwang, Gyu-hee;Lee, Jung Mann
    • Journal of Information Technology Applications and Management
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    • v.21 no.4_spc
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    • pp.331-344
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    • 2014
  • This study attempts to explore the difference of innovation sources between high-tech industry and mid-tech industry through patent analysis. After extracting 119 corporates, commonly surveyed in 2007 HCCP(Human Capital Corporate Panel) and 2005~2006 Korea Innovation Survey, their patents applied for the Korean Intellectual Property Office in 2007~2012 are analysed mainly through negative binomial regression model. Analytical results shows that external information source could be opposite effects to technological innovation depending on technological level and industrial characteristics. The current results are still bounded in the statistical significance, mainly due to the limited observations and information.

Environmental Factor Analysis Affecting Fruit Weight of Korean Melon (참외 과중에 영향을 미치는 환경요인 분석)

  • Choi, Don-Woo;Do, Han-Woo;Choi, Hong-Gip;Ryu, Young-Hyun;Lim, Cheong-Ryong
    • Journal of Korean Society of Rural Planning
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    • v.27 no.2
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    • pp.43-48
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    • 2021
  • In this study, an analysis was performed using the growth data and environment data of Korean melon farmers to confirm the influence of environmental factors variables on fruit weight of Korean melon. The analysis results can be summarized as follows. First, it was confirmed that humidity and temperature were recognized as the most important factors among the core factors of korean melon farm production management. Second, The correlation analysis of fruit weight and environmental factors showed a statistically significant soil temperature, internal humidity. Third, The Pooled OLS model estimation results showed that the estimation coefficient for soil temperature is (-), and the estimation coefficient for soil temperature square is (+), indicating that optimal control temperature exists.

Factors Influencing Ego-resilience in Adolescents Suffering from High-risk of Abuse (고위험 학대피해 경험 청소년의 자아탄력성에 영향요인)

  • Choi, Yoonam;Kim, Jiyeon;Shin, Jiin
    • Journal of the Korean Society of School Health
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    • v.31 no.1
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    • pp.18-28
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    • 2018
  • Purpose: The purpose of this study was to investigate the factors that influence ego-resilience among adolescents who have experienced abuse by parents in South Korea. Methods: This correlational study used the 4th year cross-sectional data of the seventh-grade middle school students who participated in the Korean Children and Youth Panel Survey (KCYPS) in fourth grade. Data analysis was performed by using SPSS/WIN 23.0 program, which included descriptive statistics, Pearson's correlations coefficient, and hierarchical regression. Results: The results of the hierarchical regression of model 5 revealed that the quality of peer relations played the most significant role in predicting ego-resilience of abused adolescents, followed by self-identity. Also, self-esteem, the quality of teacher-student relationships, excessive expectations from parents, and community awareness had a significant impact on the variance of self-resilience in abused adolescents. This regression model explained 42% of the variance. Conclusion: This study showed that ego-resilience, an asset and resource to help adolescents overcome adverse effects of abuse, was influenced by social environment as well as individual factors. In addition, social support from peers and teachers had greater influence on ego-resilience than support from family members. Thus, the factors identified in this study need to be considered in programs designed to improve ego-resilience as well as in policies for abused adolescents.

The Relevance of Socioeconomic Class Recognition and Subjective Health Status of Injured Workers (산재장애인의 사회경제적 지위 인식과 주관적 건강상태와의 관련성)

  • Choi, Ryoung;Hwang, Byung-Deog
    • The Korean Journal of Health Service Management
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    • v.11 no.1
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    • pp.131-142
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    • 2017
  • Objectives : This study aimed to examine to relevance of socioeconomic class recognition and subjective health status of injured workers. Methods : We used data collected over 3years by the Panel Study of Worker's Compensation Insurance(PSWCI; 2015). Data was analyzed using the chi-square test and logistic regression using SPSS ver. 22.0 to verify the relevance between the socioeconomic class recognition and general characteristics of injured workers. Results : First, the income groups of first class, second class and third class were analyzed as being of lower socioeconomic class status, and the income group four class and five class was analyzed as being the middle-ower the socioeconomic class status. Second, the better the subjective health status, higher the perception of socioeconomic class status, as analyzed by Model 1 using only the parameters of socioeconomic status recognition and Model 2 and Model 3 using income class and general characteristics. Conclusions : Health and industrial accident policies are needed to improve awareness of socioeconomic class status of injured workers.

Evaluation of Future Climate Change Impact on Streamflow of Gyeongancheon Watershed Using SLURP Hydrological Model

  • Ahn, So-Ra;Ha, Rim;Lee, Yong-Jun;Park, Geun-Ae;Kim, Seong-Joon
    • Korean Journal of Remote Sensing
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    • v.24 no.1
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    • pp.45-55
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    • 2008
  • The impact on streamflow and groundwater recharge considering future potential climate and land use change was assessed using SLURP (Semi-distributed Land-Use Runoff Process) continuous hydrologic model. The model was calibrated and verified using 4 years (1999-2002) daily observed streamflow data for a $260.4km^2$ which has been continuously urbanized during the past couple of decades. The model was calibrated and validated with the coefficient of determination and Nash-Sutcliffe efficiency ranging from 0.8 to 0.7 and 0.7 to 0.5, respectively. The CCCma CGCM2 data by two SRES (Special Report on Emissions Scenarios) climate change scenarios (A2 and B2) of the IPCC (Intergovemmental Panel on Climate Change) were adopted and the future weather data was downscaled by Delta Change Method using 30 years (1977 - 2006, baseline period) weather data. The future land uses were predicted by CA (Cellular Automata)-Markov technique using the time series land use data of Landsat images. The future land uses showed that the forest and paddy area decreased 10.8 % and 6.2 % respectively while the urban area increased 14.2 %. For the future vegetation cover information, a linear regression between monthly NDVI (Normalized Difference Vegetation Index) from NOAA/AVHRR images and monthly mean temperature using five years (1998 - 2002) data was derived for each land use class. The future highest NDVI value was 0.61 while the current highest NDVI value was 0.52. The model results showed that the future predicted runoff ratio ranged from 46 % to 48 % while the present runoff ratio was 59 %. On the other hand, the impact on runoff ratio by land use change showed about 3 % increase comparing with the present land use condition. The streamflow and groundwater recharge was big decrease in the future.

Assessing Public Attitude for Multifunctional Roles of the U.S. Agriculture Using a Bivariate Ordered Probit Model (Bivariate Ordered Probit 모형을 이용한 미국 농업의 다원적 기능에 대한 소비자 인식분석)

  • Han, Jung-Hee;Moon, Wan-Ki;Cho, Yong-Sung
    • Korean Journal of Organic Agriculture
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    • v.17 no.4
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    • pp.413-439
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    • 2009
  • This study conducts a survey and test to understand U.S. public's perception about multifunctionality. The questionnaire suggests seven alternative way of providing questions about intangible benefits provided by agriculture in the U.S. The final questionnaire was administered as an e-mail survey in June 2008 to a nationally representative household panel maintained in the U.S. by the Ipsos Observer. Data analysis shows that 64 percent of respondents considered the multifunctionality of agriculiture as an important issue and 45 percent of respondents were in favor of increasing government expenditure to support farmland preservation. Using Fishbein's multi-attribute model as a theoretical background, this paper develops an empirical model to assess and attributes of multifunctionality. For the analysis, bivariate orderd probit model was set up to reflect respondent's attitude. Regression analyses show that two questions (how much you agree with agriculture's intangible benefit and increasing government expenditure to support agriculture) are shaped by different sets of facts.

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