• The Journal of Asian Finance, Economics and Business
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• v.9 no.4
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• pp.173-183
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• 2022

The objective of this research is to examine the influence of the COVID-19 pandemic on stock markets in a few developing and developed countries. This study uses daily data from January 2020 to May 2021 and obtained from World Health Organization and Thomson Reuters. The secondary data was evaluated through panel econometric methodology that includes different unit root tests, and to analyze the long-run relationship between variables, panel cointegration techniques were applied. The long-run causality among variables was examined through Panel Vector Error Correction Model. The overall findings of this study suggest a long-run association exists between several cases and death with the stock returns of the GCC and other stock markets. Furthermore, the VECM model also identified a long-run causality running from COVID cases and death towards the stock rerun of both sets of stock markets. However, a subsequent Wald test yielded mixed results, indicating no short-run causality between cases and deaths and stock returns in both groups; however, in the case of GCC, several COVID-19 cases are having a causal impact on stock markets, which is notable in light of the fact that the death rate in GCC is significantly lower than in many developed and developing countries.

• Steel and Composite Structures
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• v.46 no.6
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• pp.719-729
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• 2023

This paper studies electro-magneto-mechanical bending studying of the cylindrical panels based on shear deformation theory. The cylindrical panel is constrained with two simply-supported edges at longitudinal direction and two clamped boundary conditions at circumferential direction. The governing equations are derived based on the principle of virtual work in cylindrical coordinate system. Levy-type solution of the governing equations is derived to reduce two dimensional PDEs to a 2D ODEs. The reduced ordinary differential equation is solved using the Eigen-value Eigen-vector method for the clamped-clamped boundary condition. The electro-magneto-mechanical bending results are obtained to show that every displacement, rotation and electromagnetic potentials how change with changes of initial electromagnetic potentials and mechanical loads along longitudinal and circumferential directions.

• Communications for Statistical Applications and Methods
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• v.26 no.4
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• pp.371-383
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• 2019

Panel data sets have been developed in various areas, and many recent studies have analyzed panel, or longitudinal data sets. Maximum likelihood (ML) may be the most common statistical method for analyzing panel data models; however, the inference based on the ML estimate will have an inflated Type I error because the ML method tends to give a downwardly biased estimate of variance components when the sample size is small. The under estimation could be severe when data is incomplete. This paper proposes the restricted maximum likelihood (REML) method for a random effects panel data model with a censored dependent variable. Note that the likelihood function of the model is complex in that it includes a multidimensional integral. Many authors proposed to use integral approximation methods for the computation of likelihood function; however, it is well known that integral approximation methods are inadequate for high dimensional integrals in practice. This paper introduces to use the moments of truncated multivariate normal random vector for the calculation of multidimensional integral. In addition, a proper asymptotic standard error of REML estimate is given.

• Knowledge Management Research
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• v.19 no.2
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• pp.1-19
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• 2018

This study aims to identify the causal relationship among public technology transfer, technological performance, and research and development (R&D) productivity. Using the impulse-response function(IRF) of a panel vector autoregressive model (panel VAR), this study suggests the results of how long the factors such as technological performance (patent), public technology transfer, and R&D productivity takes and lasts if a one-unit shock of standard deviation occurs. As a result, first, the increase of public technology transfer activities has no power to increase the technology performance but improve the R&D productivity. If the public institute increases its technology transfer activities by one unit, the R&D productivity will increase within five years. Second, the impact of increasing technological performance on improvement of public technology transfer and R&D productivity is an insignificant. Third, the effect of R&D productivity on the public technology transfer creates a substantial reaction after a current time. Considering the structural relationships among public technology transfer, technological performance, and R&D productivity, if policy makers intend to construct the active R&D circumstance, technology suppliers should be motivated to run the active R&D mechanism because they achieve gains.

• Environmental and Resource Economics Review
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• v.25 no.1
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• pp.89-112
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• 2016

In this paper, as a determining factor of the Environment Kuznets Curve hypothesis, we analyzed the impact of technological innovation. In this paper, in order to empirically validate the role of technological innovation to an inverted U-shaped Environments Kuznets Curve hypothesis, we utilize the 2SLS considering relationship between R&D and the GDP per capita. Also, using the Panel VAR (Panel Vector Auto Regression) model to analyze with what time lag R&D per capita has impact on the emissions of greenhouse gases per capita. Empirical results show that R&D per capita(proxy of innovation) is a important factor to explain Environmental Kuznets Curve hypothesis, and that the external shock such as R&D per capita reduces greenhouse gas emissions per capita with about 3 time lag.

• International Commerce and Information Review
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• v.14 no.3
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• pp.307-322
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• 2012

The purpose of this paper is to examine determinants of export to the East Asia region, using panel unit root, panel cointegration framework, panel VECM (vector error correction model), panel FMOLS (fully modified OLS). Different panel unit root tests confirm that the data series are integrated processes with unit roots. When applying cointegration tests to long-run effect for aggregate panel data, a primary concern is to construct the estimators in a way that does not constrain the transitional dynamics to be similar among different countries of the panel. The regression equations are estimated by various panel cointegration estimators. The panel data causality results reveal that exchange rates has unidirectional effects on export and GDP, and there exists bidirectional causality between export and GDP. Also, the results from the panel FMOLS tests overwhelmingly reject the null hypothesis of zero coefficient. The panel cointegrating vectors show that the export has positive relationship with the GDP and ODI (overseas direct investment).

• Journal of the Korean Regional Science Association
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• v.40 no.2
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• pp.21-38
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• 2024

Understanding the interrelationship between regional population dynamics and cultivated land is crucial for promoting regional economic vitality and enhancing food security. While prior research often addressed population migration and changes in crop area separately, this study employs a Panel Vector Auto Regression Model to examine the dynamic interaction between regional population shifts, changes in crop area, and the influx of foreign workers in agriculture. The results reveal a reciprocal relationship between population influx and crop area, indicating a negative impact on each other. Moreover, the analysis demonstrates that an expansion in crop area, particularly in field cultivation, significantly correlates with an increase in foreign workers. These findings underscore the mutual influence of labor shortages and diminished land availability in agriculture, with the influx of foreign workers potentially offering a positive impact on addressing structural challenges in rural areas.

• Proceedings of the Korea Society for Simulation Conference
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• 2003.11a
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• pp.165-171
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• 2003

We have developed Virtual Reality Simulator MMI for operator training. MMI communicates with server model and client PC through OPCServer. We used Dataplant for Soft Panel and Simdiagram which shows more sophisticated and reality colors. We used vector method for MCR images instead of conventional bit-map method to protect images during zoom in and zoom out. VBScript and Components were used for real movements and images of instruments. VRMCR panel is consisted of 12 groups and designed to accommodate user's convenience.

• Korea Trade Review
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• v.44 no.2
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• pp.173-188
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• 2019

The purpose of this study is to investigate the causal relationship between the logistics industry and the economic growth in Korea, and to provide implications for the contribution of the logistics industry to economic growth. Unlike Previous Related Studies, we derive short-term and long-term effects through dynamic panel analysis such as panel Granger causality test and impulse response function estimation using panel vector error correction model. The results of the empirical analysis are as follows: Labor input of the logistics industry has the greatest positive impact on economic growth. And capital input and total sales of the logistics industry have a negative effect on economic growth. This means that Korea's logistics industry features labor-intensive growth. In addition, We have also found that the growth (sales) and capital input of the logistics industry have not yet had a direct positive impact on economic growth. Therefore, the results of this analysis provide implications for the direction of logistics industry policy to enhance contribution of the logistics industry to economic growth.

• Journal of the Institute of Electronics Engineers of Korea SD
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• v.46 no.9
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• pp.14-24
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• 2009

Memory cell array and peripheral circuits are designed for system on panel style frame buffer. Moreover, a parallel test methodology to test multiple blocks of memory cells is proposed to overcome low yield of system on panel processing technologies. It is capable of faster fault detection compared to conventional memory tests and also applicable to the tests of various embedded memories and conventional SRAMs. The various patterns of conventional test vectors can be used to enhance fault coverage. The proposed testing method is also applicable to hierarchical bit line and divided word line, one of design trends of recent memory architectures.